HONG KONG (Reuters) – China and Hong Kong will launch “Swap Connect” after six months, allowing mutual access to interest rate swap trading initially, to promote financial derivatives markets on both sides, regulators said on Monday. The move, announced on the same day China and Hong Kong launched ETF Connect, and came after similar schemes…
By Jorge Otaola BUENOS AIRES (Reuters) – Silvina Batakis arrives at Argentine’s Ministry of Economy in full-blown crisis mode, with inflation above 60%, a high fiscal deficit, fears rising about debt defaults and savers losing faith in the peso currency and anticipating a devaluation. The 53-year-old heterodox, or unorthodox, economist will likely bring a new…
(Reuters) -KDDI Corp shares fell as much as 3.9% on Monday after a weekend outage, the biggest system failure in the history of Japan’s No.2 wireless carrier, which affected almost 40 million users nationwide. In a statement issued at 9:00 a.m. local time (0000 GMT) on Monday KDDI said data transmission had been broadly restored,…
(Reuters) – Amazon.com Inc founder Jeff Bezos renewed his spat with the White House over the weekend, as the world’s third-richest person criticized President Joe Biden for calling on companies running gasoline stations to lower their prices. In a tweet on Saturday, Biden said, “this is a time of war and global peril,” and demanded…
By Essi Lehto and Anne Kauranen HELSINKI (Reuters) – For foreign companies still working out what to do with their stranded Russian assets, President Vladimir Putin’s seizure of a major oil and gas project is a powerful warning: Move fast or else. Companies have been wrestling with how to exit in ways that limit the…
LONDON (Reuters) – Britain on Monday launched a centre to gather data and analyse information on the supply of critical minerals such as cobalt and lithium, key for electric vehicle (EV) batteries. The centre, to be run by the British Geological Survey, will use the data to help to find ways to source minerals needed…
By Jorgelina do Rosario LONDON (Reuters) – From a $360 million project to expand Zambia’s international airport in Lusaka to a $1.4 billion city port in Sri Lanka’s capital of Colombo, China is the missing piece in the puzzle of a number of debt talks under way in developing markets. The second-largest economy and the…
LONDON (AP) — Germany and Ireland have condemned the U.K government’s move towards unilaterally rewriting parts of the post-Brexit deal with the European Union. German Foreign Minister Annalena Baerbock and Irish counterpart Simon Coveney said there was “no legal or political justification” for overriding the agreed trade rules in Northern Ireland. Writing in British newspaper…
SOFIA, Bulgaria (AP) — Two Russian airplanes departed Bulgaria on Sunday with scores of Russian diplomatic staff and their families amid a mass expulsion that has sent tensions soaring between the historically close nations, a Russian diplomat said. Filip Voskresenski, a high-ranking Russian diplomat, told journalists at the airport in Bulgaria’s capital Sofia before the…
PARIS (Reuters) – French care home company Orpea, under pressure over its business practices and the way it runs its homes, on Sunday announced proposals to shake of its board of directors to improve governance. Orpea said shareholders at its annual general meeting would be asked to appoint five new directors for a four-year term,…
