Lending to Swedish households up 6.7 pct in January
STOCKHOLM, Feb 25 – Total lending to Swedish households rose 6.7 percent year-on-year in January, down from plus 6.8 percent in the previous month, the …
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Germany suspends Hermes export credit guarantees for Russia – Handelsblatt
BERLIN – Germany is making it more difficult for companies to do business with Russia by suspending Hermes credit guarantees for exports, daily Handelsblatt reported …
Ukraine urges countries to cut Russia off from SWIFT payments system
KYIV – Ukraine’s foreign minister on Thursday urged countries to ban Russia from the SWIFT global interbank payments system – one of the toughest non-military …
Polish PGNiG says gas deliveries from east remain uninterrupted
WARSAW – Deliveries of natural gas that Poland receives via its eastern border remain uninterrupted, Polish dominant gas company PGNiG said on Thursday after Russia’s …
Thousands flee air strikes, shelling as fighting erupts in Myanmar
– Myanmar’s military deployed ground troops and launched air and artillery strikes against rebel forces in the country’s east, witnesses, local media and an aid …
Ukraine’s energy infrastructure has not been damaged, Naftogas says
MOSCOW – Ukrainian energy firm Naftogas said on Thursday that the country’s energy infrastructure has not been the subject of systemic shelling and the “situation …
Swedish Debt Office says bigger surplus reduces borrowing needs
STOCKHOLM – Sweden’s Debt Office said on Thursday that strong growth would lead to better government finances and lower the borrowing requirement meaning it would …
Hungary central bank raises one-week deposit rate by 30 bps to 4.6%
BUDAPEST – Hungary’s central bank raised its one-week deposit rate by 30 basis points to 4.6% at a weekly tender on Thursday, as expected, two …
Adecco does not expect Ukraine invasion to derail economic upswing
ZURICH – Staffing group Adecco does not expect the Russian invasion of Ukraine to derail the global economic upswing, Chief Financial Officer Coram Williams told …
‘Contrarian’ quant giant Dimensional focuses on U.S. curve short end, corporate debt
By Davide Barbuscia NEW YORK – Dimensional Fund Advisors, a pioneer of quantitative investment with $680 billion in assets under management, has increased exposure to …
Kazakhstan central bank hikes policy rate amid Ukraine crisis
ALMATY – Kazakhstan’s central bank hiked its policy rate to 13.5% from 10.25% on Thursday as the central Asian nation’s tenge currency sank alongside the …
Czech central bank vice-gov says Ukraine crisis will have inflationary effect
PRAGUE – The crisis around Ukraine will have an inflationary effect on the Czech economy via higher energy prices, the central bank vice-governor Tomas Nidetzky …
Chinese ex-diplomat’s forced labor conviction overturned by U.S. appeals court
By Jonathan Stempel NEW YORK – A U.S. appeals court on Wednesday overturned the conviction of a former Chinese diplomat and head of U.S. operations …
Brazilian shoemaker Alpargatas raises $492 million in share sale
SAO PAULO – Brazilian shoemaker Alpargatas has raised 2.49 billion reais ($492 million) in a planned follow-on share offering, a securities filing showed. Investment firm …
First Abu Dhabi Bank set to sell $500 million sukuk
By Yousef Saba DUBAI -First Abu Dhabi Bank, the United Arab Emirates’ largest lender, is set to sell $500 million in senior unsecured Islamic bonds …
Localiza, Unidas close to assets sale to win merger approval -report
SAO PAULO -Brazilian rental car firms Localiza and Unidas, formally known as Companhia de Locacao das Americas, are close to selling assets to win approval …
Broker Peel Hunt flags profit miss on delay in investment banking deals
– British broker Peel Hunt said on Wednesday it expected full-year earnings to miss analyst views, hurt by deal delays in its investment banking unit …
Insurer Phoenix Group appoints Alastair Barbour as interim chair
– British insurer Phoenix Group on Wednesday appointed senior independent director Alastair Barbour as interim chairman to replace current Chairman Nicholas Lyons, who will go …
Column-Ukraine jolt sees more consensus trades hits the skids :Mike Dolan
By Mike Dolan LONDON – The new year is proving unkind to the global investor consensus yet again and low visibility now becomes a major …
Two winter systems blast the U.S. with heavy snow, gusty winds
By Brendan O’Brien CHICAGO – Two major winter storms will dump heavy snow and blow fierce winds in the Midwest, New England and Southwestern United …
Blackrock increases its strategic overweight on equities
– Asset manager Blackrock said on Tuesday that it has increased its strategic overweight on equities, as an early-2022 selloff created “compelling opportunity.” “We see …
ADM sets record for single soybean shipment from northern Brazil
By Nayara Figueiredo SAO PAULO – U.S. grains merchant Archer-Daniels-Midland Co said on Tuesday it has carried out the largest soybean shipment in the history …
Funds win again with U.S. curve flatteners: McGeever
By Jamie McGeever ORLANDO, Fla. -Another week, another big win for hedge funds betting on a flatter U.S. yield curve. Futures market data for the …
Airbus, Safran consortium to buy fighter jet parts maker A&D
By Gus Trompiz and Tim Hepher PARIS -A consortium backed by Airbus and Safran has agreed to buy superalloys supplier Aubert & Duval from Eramet …
OECD expects Mexico economy to rebound by 3rd-qtr, growing in 2023
MEXICO CITY -Economic growth in Mexico is expected to return to pre-pandemic levels by the third quarter this year, the Organisation for Economic Cooperation and …
China’s Zhenro Properties slumps after debt warning
By Clare Jim and Andrew Galbraith HONG KONG/SHANGHAI -Shares and international bonds of Zhenro Properties slumped further on Monday after it said existing internal resources …
Greek December current account deficit widens, tourism revenues up
ATHENS -Greece’s current account balance showed a wider deficit in December last year compared to the same month in 2020 while tourism revenues rose, the …
Thai banks’ bad loans at 2.98% of lending at end-December
BANGKOK – Thai banks’ non-performing loans slightly dropped to 2.98% of total lending at the end of December from 3.14% as the end of September, …
French modelling agent who founded agency with Epstein dies in custody
PARIS – Jean-Luc Brunel, a longtime French modeling agent who was detained in December 2020 as part of an inquiry into allegations of rape, sexual …
Chinese navy laser lights up Australian military aircraft, Canberra says
SYDNEY – A Chinese navy vessel directed a laser at an Australian military aircraft in flight over Australia’s northern approaches, illuminating the plane and potentially …
U.S. judge rules for Saba Capital in closed-end fund voting litigation
By Svea Herbst-Bayliss BOSTON -A U.S. federal judge ruled that Nuveen and trustees of its closed-end funds violated the Investment Company Act by stripping hedge …
Plans for truck convoys to arrive in Washington around State of the Union- police
LOS ANGELES – There are plans for a series of truck convoys to arrive in Washington D.C. around the time of the State of the …
Italy approves 8 billion euro package to help economy, curb energy bills
By Giuseppe Fonte and Gavin Jones ROME -Italy’s government on Friday approved measures worth around 6 billion euros ($6.81 billion) to help consumers and firms …
Exxaro, China’s CNIC vie with AIIM for $2 billion African power firm Lekela – sources
(Refiling to add dropped words ‘utility-scale’ before wind farm, paragraph 5) By Isla Binnie and Emma Rumney JOHANNESBURG – South African miner Exxaro and Chinese …
G20 says global corporate tax deal should go live next year
By Leigh Thomas PARIS -G20 finance ministers recommitted on Friday to implementing a global overhaul of cross-border corporate tax rules next year in the face …
Fleetscape probing possible Iran oil transfer to ship it finances
By Jonathan Saul LONDON – UK-based maritime company Fleetscape is investigating the possible transfer of Iranian oil to a tanker it finances, the Oaktree Capital …
doValue says bids due next week for 5 billion euro Greek bad loan portfolio
MILAN -Non-binding offers for a non-performing loan (NPL) portfolio worth around 5 billion euros ($5.7 billion) put on the block by Greece’s bad bank liquidator …
India plans to produce 5 million tonnes of green hydrogen by 2030
By Sudarshan Varadhan NEW DELHI – (This February 17 story corrects first line to say five million tonnes per annum, not cumulative) India plans to …
Slovak current account shows 831 million euro deficit in December
PRAGUE – Slovakia’s current account hit a deficit of 831 million euros ($944.85 million) in December after a revised gap of 122 million euros in …
Thai property sector recovery delayed amid Omicron -state loan agency
BANGKOK – Thailand’s property market may not return to pre-pandemic levels until 2024, due to a slower-than-expected economic recovery amid a new coronavirus outbreak and …
Fund managers predict volatile first half for risk assets
By Divya Chowdhury MUMBAI – Uncertainty over the pace of monetary policy will mean a volatile first half for risk assets followed by an upward …
British warehousing firm Segro rides surge in demand for quick delivery
-British warehousing firm Segro said on Friday the growing popularity of rapid delivery services is fuelling strong demand across its markets after it reported a …
Illinois highway shut after 100-car pile-up during snowstorm
– A pile-up involving more than 100 vehicles closed a portion of an interstate highway in Illinois on Thursday amid a snowstorm, according to state …
China Orient Asset Management gets approval to issue bonds to resolve risks in property sector
SHANGHAI – China Orient Asset Management said on Friday it was approved to issue up to 10 billion yuan bonds in China’s interbank bond market …
Chinese cities ease home purchase down-payments to reignite demand
BEIJING -A handful of Chinese cities are starting to relax down-payment rules for home purchases in a bid to re-ignite buyer interest and put a …
Austin police officers indicted for excessive force in 2020 racial justice protests
By Brad Brooks LUBBOCK, Texas – A grand jury in Austin, Texas, has indicted several police officers for using excessive force during racial justice protests …
U.S. plan for new center to process Afghan evacuees in Virginia sparks controversy
By Jonathan Landay and Ted Hesson WASHINGTON – The U.S. government aims to open a new center in Northern Virginia to receive additional Afghan evacuees, …
Family of Black teen arrested at New Jersey mall hires George Floyd attorney Benjamin Crump
By Dan Whitcomb and Brendan O’Brien -The family of a Black teenager who was pinned to the ground and arrested by New Jersey police following …
Winter storm, packing heavy snow and rain, sweeps across eastern U.S
By Brendan O’Brien CHICAGO – A powerful winter storm was barreling through the eastern half of the United States on Thursday, bringing a variety of …
U.S. authorities sue Infinity Q Capital Management, alleging fraud
By Michelle Price and Katanga Johnson WASHINGTON -U.S. authorities filed criminal and civil charges against the founder and former chief investment officer of investment adviser …