SYDNEY (Reuters) – Australia’s central bank wants mobile wallet providers to offer least cost routing options for merchants by the end of 2024, under new regulatory powers set to be granted by the government. In a speech on the payments system, Reserve Bank of Australia (RBA) Governor Philip Lowe said merchants should have the option…
SAO PAULO (Reuters) -Brazilian lender Santander Brasil on Wednesday reported a 45% drop in second quarter net profit, dragging on the performance of its Spanish parent. The bank, an unit of Spain’s Banco Santander, said in a securities filing its net income reached 2.26 billion reais ($475.76 million) in the period. That was 5.5% higher…
SHANGHAI (Reuters) – China’s securities regulator and central bank cut the budget allocation for employee salaries in 2023, following reforms ordered as part of a broader drive to reduce income disparity. The 2023 budget report for the China Securities Regulatory Commission (CSRC) was released on Friday, while the People’s Bank of China (PBOC) budget report…
By Anirban Sen and Saeed Azhar (Reuters) -PacWest Bancorp has sold its property lending division to real estate financing firm Roc360 for an undisclosed amount, in a bid to bolster investor confidence amid concerns about the finances of U.S. regional lenders. Roc360 said on Tuesday it agreed to acquire PacWest’s Civic Financial Services (“CIVIC”) unit,…
By Riham Alkousaa BERLIN (Reuters) – Germany will pull the plug on its last three nuclear power stations by Saturday, ending a six-decade programme that spawned one of Europe’s strongest protest movements but saw a brief reprieve due to the Ukraine war. The smoking towers of Isar II, Emsland and Neckarwestheim II reactors were to…
By Marta Nogueira RIO DE JANEIRO (Reuters) – Public prosecutors in the Brazilian state of Minas Gerais have filed a lawsuit against AngloGold Ashanti seeking 50 million reais ($9.91 million) in damages after the gold mining company allegedly withheld expert advice from authorities indicating a lack of stability in one of its dams, according to…
(Reuters) – Twitter Inc has about 2,300 active employees, Elon Musk said in a Tweet on Saturday. CNBC on Friday reported that Twitter’s full-time headcount has reduced to about 1,300 active, working employees, including fewer than 550 full-time engineers by title. About 75 of the company’s 1,300 employees are on leave including about 40 engineers,…
(Reuters) – Japanese drugmaker Eisai Co Ltd said on Saturday it had submitted an application to the U.S. Food and Drug Administration for a standard review of its Alzheimer’s drug Leqembi, which was recently approved under the agency’s accelerated review process. (Reporting by Bhanvi Satija in Bengaluru; Editing by William Mallard)
(Reuters) – There has been a little spillover from the banking stress in the U.S. and Europe in Canada, but it has been quite limited, Bank of Canada Governor Tiff Macklem said on Thursday, adding that there was a need to actively monitor risks to financial system. “You’re seeing a little bit of spillover to…
By Joyce Lee SEOUL (Reuters) – Samsung Electronics’ mobile chief said Samsung is “going in the right direction” in China, the world’s largest mobile market, as it seeks to raise its lagging market share by boosting premium offerings and ties with local content firms. Third-party data shows the world’s largest smartphone maker is making small…
