By Koh Gui Qing SEATTLE (Reuters) – Some insurers operating in the United States stand to reap a windfall worth hundreds of millions of dollars from the relaxing of a 31-year-old rule on reporti[...]
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August 14, 2023
Russian central bank to hold emergency rate meeting as rouble tumbles
MOSCOW (Reuters) – Russia’s central bank will hold an extraordinary meeting on Tuesday to discuss the level of its key interest rate, it said on Monday, as the sharply weakening rouble pro[...]
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Contagion fears spread as China property sector cash crunch intensifies
By Clare Jim and Shuyan Wang HONG KONG/BEIJING (Reuters) – China’s largest private real estate developer Country Garden is seeking to delay payment on a private onshore bond for the first[...]
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China’s Country Garden woes raise fears of REIT defaults – J.P.Morgan
(Reuters) -Turmoil at China’s largest private developer Country Garden could set off a “vicious cycle” of financing stress on the country’s real estate investment trusts (REITs[...]
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AMC stock sinks, preferred units climb after conversion settlement
By Medha Singh (Reuters) – AMC Entertainment’s shares slid 35% on Monday on fears that the approval of a revised stockholder settlement will allow the company to issue more shares to raise[...]
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Argentina raises interest rate, devalues peso after shock primary election -official source
BUENOS AIRES (Reuters) – Argentina’s central bank will raise the benchmark interest rate to 118% from 97% previously, an official source said Monday, adding the country’s currency wi[...]
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Canoo finalizes incentive package with Oklahoma, Cherokee Nation
(Reuters) – Electric-vehicle startup Canoo said on Monday it finalized incentive agreements with the state of Oklahoma and the North American tribe Cherokee Nation, for an estimated value of $11[...]
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Indonesia says Tesla plans to invest in battery material facility
JAKARTA (Reuters) – Indonesia said on Monday that U.S. electric carmaker Tesla plans to invest in the manufacturing of battery materials in the Southeast Asian country and will make an announcem[...]
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Boeing front-runner in wide-body jet talks with IndiGo -sources
By Aditi Shah NEW DELHI (Reuters) -Boeing has emerged as the front-runner to secure an order for around 25 wide-body planes from IndiGo, industry sources told Reuters on Monday, as India’s bigge[...]
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