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☆ State Bank of India says country's interest rates likely to stay higher for longer
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailState Bank of India says country's interest rates likely to stay higher for longerDinesh Kumar Khara, chairman of State Bank of India, discusses the outlook for the Indian central bank's monetary policy and the banking sector.

Persons: Dinesh Kumar Khara Organizations: Bank of India, State Bank of India

☆ India elections: Asia’s most powerful billionaires Ambani, Adani are getting drawn in after Modi’s speech
▼ + stars: | 2024-05-09 | by ( Diksha Madhok | ) edition.cnn.com time to read: +6 min

New Delhi CNN —Two of the planet’s richest businessmen are becoming embroiled in India’s increasingly divisive election campaign. “Why has Shahzade Ji stopped talking of Ambani and Adani in this election all of sudden? “How much money have you taken from Ambani and Adani?” he said at the rally. Adani took over NDTV, an influential broadcaster, in 2022, while Ambani owns Network 18, which includes the CNN-News18 TV channel, a CNN affiliate. Billionaire RajIn the last decade, both Ambani and Adani have stunned the world with their success and influence.

Persons: Narendra Modi, Modi, Mukesh Ambani, Gautam Adani, Ambani, Ji, ” Modi, Rahul Gandhi, ”, Gandhi, Modi ” Gandhi, “, Abhinandan Sekhri, Adani, Billionaire Raj, Cassanelli, Jeff Bezos, Hindenburg’s, ferociously Organizations: New, New Delhi CNN, Reliance Industries, Adani, Indian National Congress, Reliance, CNN, India’s, Bank of India, NDTV, Billionaire, Bloomberg, Hindenburg Locations: New Delhi, India, Asia, American

☆ Vietnam mounts ‘unprecedented’ $24 billion rescue for bank engulfed in giant fraud, documents show
▼ + stars: | 2024-04-17 | by ( ) www.cnbc.com time to read: +5 min

Foreign reserves were around $100 billion at the end of the year, according to the central bank. The central bank did not reply to requests for comment about the rescue effort. The finance ministry referred a question to the central bank. The central bank placed SCB under its supervision to stem a run on the bank sparked by the October 2022 arrest of real estate tycoon Truong My Lan. That was up from 478 trillion dong at the end of October, according to the SCB document that was sent to the central bank.

Persons: Truong My, Truong, Lan Organizations: AFP, Getty, Stock Commercial Bank, Reuters, ASEAN, Research, SCB, State Bank of, Bank Locations: Ho Chi Minh City, Vietnam, Saigon, State Bank of Vietnam's, People's

☆ Cash, drugs and booze among record election bribes seized by India
▼ + stars: | 2024-04-17 | by ( Dhruv Tikekar | ) edition.cnn.com time to read: +3 min

CNN —A record quantity of bribes, including cash, booze, drugs and precious metals, has been seized by Indian election authorities in the run-up to mammoth nationwide polls that begin on Friday. The Election Commission of India (ECI) on Monday revealed it had recovered inducements worth just over $550 million since March — the largest amount in the country’s 75-year electoral history. It marks a “sharp increase” on the more than $400 million in bribes seized by the ECI in the country’s last general election in 2019, the agency said. India’s political parties and leaders routinely preach against election corruption and inducements, but the level of monitoring and tackling of graft across such a vast nation varies widely. Anti-corruption groups had long complained that the system meant a lack of transparency in donations to political parties — allowing corporations to donate large sums without disclosure.

Persons: Narendra Modi, gratis, Modi, ” Organizations: CNN, of India, Bharatiya Janta Party, BJP, “, Indian National Congress, India, Kazakhstan, India’s, Bank of India Locations: Rajasthan, Gujarat, Tamil Nadu, Karnataka, Lok, Maldives

☆ Data Dump Exposes the Fuzzy Lines Between Money and Politics in India
▼ + stars: | 2024-03-15 | by ( Alex Travelli | Hari Kumar | ) www.nytimes.com time to read: +1 min

Politics in India is an expensive business, and sometimes lucrative, too. In this year’s election, parties are expected to spend more than $14 billion — as much as in the United States. But there has been little in the way of transparency for the huge sums sloshing around. Reading between the lines of the spreadsheets full of names poses questions about the intersection of government and business in India. Construction companies, gambling impresarios, pharmaceutical bosses and many more corporate entities and individuals had forked over $1.7 billion in bonds since 2019.

Persons: Jairam Ramesh, Narendra Modi Organizations: State Bank of India, Indian National Congress, Bharatiya Janata Party of Locations: India, United States

☆ Russia's resilience to sanctions shows it is 'costly and unattainable' to isolate a large and globally integrated economy, economist says
▼ + stars: | 2024-02-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

"The primary lesson is that seeking complete isolation of a large, complex and globally-integrated economy is costly and unattainable," Elina Ribakova wrote in the Financial Times on Tuesday. Russia's economy has managed to keep humming because Russian President Vladimir Putin has been preparing for sanctions since 2014. Failures in Russia, lessons for the futureEven so, the West can glean valuable lessons from its experience sanctioning an economy as large as Russia, said Ribakova. Advertisement"In the case of China, the US would need to look for vulnerabilities while remaining realistic about the limitations of sanctions," wrote Ribakova in FT.She added there must be steeper penalties for those who evade sanctions. "The experience with Russia is an invaluable opportunity to sharpen sanctions as a foreign policy tool," she wrote Ribakova.

Persons: —, Elina Ribakova, Vladimir Putin, Ribakova Organizations: Service, Financial Times, Business, Monetary Fund, Peterson Institute for International Economics, International Affairs Program, Kyiv School of Economics, Russia Locations: Ukraine, Russia, Moscow, Beijing, China, Taiwan

☆ 2024 is already straining the seams of China and Russia's 'no limits' partnership
▼ + stars: | 2024-02-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

AdvertisementRussia's finance ministry has been discussing yuan loans with its China counterparts — but a delayed decision suggests the two countries' "no limits" partnership may be under strain. Russian Finance Minister Anton Siluanov told RIA state news agency in an interview published on Monday that Russia is discussing the issue with Chinese authorities. Russia's finance ministry did not immediately respond to a request for comment from Business Insider. However, two years after Russia started its ongoing war in Ukraine, Russia and China appear to be continuing to conduct business as usual. Three of China's Big Four state banks have halted payments from sanctioned Russian financial institutions, Russia's Izvestia news outlet reported on February 21.

Persons: Anton Siluanov, Siluanov, Vladimir Putin, Dong Jinyue, SCMP Organizations: China, Russian, Business, Beijing, Street, China Morning Post, BBVA Research, Russia Locations: Russia, China, Moscow, Ukraine, Madrid, Russian

☆ China's biggest banks are finally getting scared by the West's sanctions against Russia
▼ + stars: | 2024-02-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The Industrial and Commercial Bank of China, China Construction Bank, and Bank of China have stopped the transactions since the start of 2024, Alexey Poroshin, the general director of investment and consulting firm First Group, told Izvestia. In December, the US also authorized secondary sanctions targeting financial institutions that help Russia skirt sanctions. Chinese banks are tightening compliance checks with Russian businesses because they fear getting caught up in the West's increasingly restrictive sanctions regime against Russia over its invasion of Ukraine. Industrial and Commercial Bank of China, China Construction Bank, and Bank of China did not immediately respond to a request for comment from Business Insider. In particular, Russian firms trading internationally have become more dependent on Chinese institutions and the Chinese yuan since some Russian banks withdrew from the SWIFT global financial-messaging system .

Persons: —, Alexey Poroshin, Poroshin, Dmitry Peskov Organizations: Russia, Service, Commercial Bank of, China Construction Bank, Bank of, First Group, Union, Industrial, Bank of China, Business, SWIFT Locations: Russia, Commercial Bank of China, China, Bank of China, —, Ukraine, India, West, Beijing

☆ The Fed is set to cut rates this year. Here are the Asian currencies that stand to benefit
▼ + stars: | 2024-02-19 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +5 min

Brent Lewin | Bloomberg | Getty ImagesThe U.S. Federal Reserve is expected to cut interest rates later this year and, while that may not be good news for the dollar , some Asian currencies stand to benefit. Higher interest rates boost a country's currency, attracting foreign investment and increasing demand for the country's currency. A weak U.S. dollar is generally positive for emerging markets, which is often the case when the Fed cuts interest rates outside of an economic crisis. Experts told CNBC currencies such as the Chinese yuan , the Korean won and the Indian rupee stand to benefit from the Fed loosening monetary policy. So those are also positive for the Indian currency," said Anindya Banerjee, vice president of currency and derivatives research at Kotak Securities.

Persons: Mahatma Gandhi, Brent Lewin, Yuan, Arun Bharath, Bharath, Simon Harvey , , Anindya Banerjee, Banerjee, South Korea's, Monex's Harvey Organizations: Bloomberg, Getty, . Federal, CNBC, Korean, Bel Air Investment Advisors, People's Bank of, FX, U.S, Kotak Securities, Bank of, Korea's, South Locations: Bangkok, Thailand, China, People's Bank of China, U.S, Bank of India, India, Europe, America

BANGKOK (AP) — Shares were mostly higher in Asia after Chinese markets reopened Monday from a long Lunar New Year holiday. Markets will be closed Monday in the United States for President's Day. Elsewhere in Asia, Australia's S&P/ASX 200 edged 0.1% higher to 7,665.10 and the Kospi in Seoul picked up 1.2%, to 2,680.26. It also discouraged bets that a Fed move to relax conditions on the economy and financial markets could come even in May. Higher rates and yields make borrowing more expensive, slowing the economy and hurting prices for investments.

Persons: Hang Seng, Australia's Organizations: President's, Ocean, China Vanke, Dow Jones, Nasdaq, Federal Reserve, New York Mercantile Exchange, Brent, U.S Locations: BANGKOK, Asia, United States, China, Shanghai, Seoul, India

☆ India’s Supreme Court Strikes Down a Fund-Raising Edge for Modi
▼ + stars: | 2024-02-15 | by ( Sameer Yasir | ) www.nytimes.com time to read: +1 min

India’s Supreme Court on Thursday struck down a contentious fund-raising mechanism that allowed individuals and corporations to make anonymous political donations, a system that was widely seen as an advantage for Prime Minister Narendra Modi’s governing party. Though the judgment came just months before the country’s next general election, probably too soon to affect its outcome, activists said it could bring more accountability to campaign finance down the road. The ruling on “electoral bonds,” as the fund-raising instruments are known, came a full six years after Mr. Modi’s government introduced them. Under the contested fund-raising system, the government-owned State Bank of India, India’s largest commercial bank, issued paper bonds that could be purchased in exchange for donations to a political party of the donor’s choice. They range from just $12 to more than $120,000, with no limit on the number of bonds that a donor could buy.

Persons: Narendra Modi’s Organizations: Bharatiya Janata Party, State Bank of India Locations: India’s

☆ Edward E. Crutchfield, 82, Banker Whose Deals Reshaped the Industry, Dies
▼ + stars: | 2024-01-25 | by ( Stacy Cowley | ) www.nytimes.com time to read: +1 min

His death was confirmed by his son, Elliott Crutchfield, who said his father had dementia. When Mr. Crutchfield graduated from business school in 1965, he took a job as a credit analyst at First Union bank in Charlotte, N.C. It was the lowest-paying job he was offered but he thought he could move up faster at a smaller bank. He sensed opportunity, he told his family and colleagues, at the bank and in the region. The decision empowered Mr. Crutchfield, by then his bank’s chairman and chief executive, to gobble up rival banks and failed thrifts, transforming First Union into a super-regional bank with thousands of branches throughout the Southeast.

Persons: Edward E, Crutchfield, Eddie ”, Elliott Crutchfield, hunches, ” Organizations: Charlotte, First Union, Union, New York Times Locations: North Carolina, Vero Beach, Fla, Charlotte, N.C, “

☆ China's state banks seen swapping and selling dollars for yuan - sources
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

U.S. Dollar and Chinese Yuan banknotes are seen in this illustration taken January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSHANGHAI, Dec 5 (Reuters) - China's major state-owned banks were seen swapping yuan for U.S. dollars in the onshore swap market and selling those dollars in the spot market to support the yuan on Tuesday, two sources with knowledge of the matter said. The state bank actions come at a time the Chinese yuan strengthened 2.55% to the dollar in November for the best month this year. Chinese state banks often act on behalf of the country's central bank in the foreign exchange market, but they would also trade on their own behalf. Big banks were spotted doing a similar trade late last month, helping the yuan's recovery against a broadly weaker U.S. dollar, Reuters reported.

Persons: Dado Ruvic, Tom Westbrook, Jacqueline Wong Organizations: REUTERS, Rights, Reuters, Shanghai, Thomson

☆ Indian economy to exceed growth estimates after strong Q2 beat : economists
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +3 min

The country's economy expanded 7.6% in the July-September quarter, trouncing estimates of a 6.8% rise, data released on Thursday showed. He had an earlier forecast growth at 6.7%. The government stuck to its 6.5% growth forecast for the year, but chief economic advisor V. Anantha Nageswaran said he was "more comfortable with an upside to this projection than before". Reuters GraphicsCitigroup revised its growth forecast for the financial year upwards by 50 basis points to 6.7% citing a pick-up in investment activity. "This reaffirms our view of sustained investment recovery," the Wall Street bank's chief India economist Samiran Chakraborty said in a note.

Persons: Ranita Roy, Saumya Kanti Ghosh, V, Anantha Nageswaran, Gross, Samiran Chakraborty, Chakraborty, Radhika Rao, Gaura Sen Gupta, Ira Dugal, Nivedita Organizations: REUTERS, Rights, State Bank of India, Reuters Graphics Citigroup, Street bank's, DBS, IDFC, Bank Economics Research, Thomson Locations: Kolkata, India

MOSCOW, Dec 1 (Reuters) - President Vladimir Putin has signed a decree putting St Petersburg's Pulkovo Airport under the temporary management of a Russian company, wresting control from investors from Germany, Qatar and other Gulf states. The airport's management company has 14 co-owners. The rights of foreign shareholders will pass to two different Russian entities. Russian shareholders will retain their rights. The decree stated that airport's foreign shareholders would be able to restore their rights to stakes in the new company if they apply and conclude corporate agreements that comply with Russian laws on foreign investment.

Persons: Vladimir Putin, Fraport, VTB, Ramzan Kadyrov, Taimuraz, Carlsberg's, Gleb Stolyarov, Alexander Marrow, Ilona Wissenbach, Gareth Jones, Kirsten Donovan Organizations: Petersburg's Pulkovo, Qatar Investment Authority, Russian Direct Investment Fund, Baring, Baltika Breweries, Reuters, Thomson Locations: MOSCOW, Russian, Germany, Qatar, St Petersburg, Abu Dhabi, Russia, Ukraine, Moscow

One Russian banking source close to the Russian central bank said receiving revenue in a non-convertible currency with little value outside India was "pointless". They said, however, the problem remained of finding a viable alternative to the dollar, and that the problems affect buyers in Africa, China and Turkey which have become top buyers of Russian oil. The biggest issue, however, concerns India, which has been buying more than 60% of Russian seaborne oil, according to LSEG data and Reuters calculations. India's top refiner Indian Oil Corp (IOC.NS) is struggling to settle some payments, mainly for the purchase of Russia's light, sweet Sokol grade from the Sakhalin 1 project. From October, several UAE banks have tightened control over Russia-focused clients to ensure compliance with the price cap, according to five oil trading and bank sources.

Persons: Yang Mei Hu, Tatiana Meel, Ivan Nosov, Sokol, YUAN, Barbara Lewis Organizations: COSCO Shipping, REUTERS, U.S ., UAE, Reuters, Indian Oil Corp, Sokol, IOC, UAE dirhams, Thomson Locations: Nakhodka, Russia, Ukraine Russian, MOSCOW, DELHI, Ukraine, India, Russian, Hong, Africa, China, Turkey, Washington, Moscow, United States, Russia's, Sakhalin, UAE

Russia, whose officials haven't commented on the corridor, warned this summer that ships heading to Ukraine's Black Sea ports would be assumed to be carrying weapons. Despite such attacks, Ukraine has exported over 5.6 million metric tons of grain and other products through the new corridor, U.S. “That corridor worked in an unpredictable way for us,” said Mykola Horbachov, president of the Ukrainian Grain Association. Before the invasion, the exporter paid $50 per metric ton to ship grain through the Black Sea. To ease that hurdle, an insurance program launched this month to provide affordable coverage to shippers carrying food from Ukraine’s Black Sea ports.

Persons: Roman Andreikiv, ”, Munro Anderson, Lloyd’s, Ukraine’s, haven't, Volodymyr Zelenskyy, Ukraine Bridget Brink, Taras Kachka, it’s, Kelly Goughary, “, Oleksandr Kubrakov, it's, Mykola Horbachov, ” Horbachov, Osmachko, Anderson, ” Osmachko, Marsh McLennan, Zelenskyy, Mykola Solskyi, ___ Bonnell Organizations: —, Agroprosperis, Liberian, Gro Intelligence, Farmers, Ukrainian Grain Association, Ukrainian Locations: KYIV, Ukraine, Russia, Africa, East, Asia, Egypt, Spain, China, Bangladesh, Netherlands, Tunisia, Turkey, Kyiv, U.S, Sumy, Ukrainian, Europe, Lloyd’s, Nigeria, London, russia, ukraine

☆ Exclusive: China's state banks seen swapping and selling dollars for yuan
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +3 min

Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSHANGHAI, Nov 21 (Reuters) - China's major state-owned banks were seen exchanging yuan for U.S. dollars in the onshore swap market and selling those dollars in spot currency markets this week, two sources told Reuters on Tuesday. Some market participants said state banks might be trying to speed the yuan's gains and spur exporters to convert more of their FX receipts into yuan. The selling of dollars by state banks caused the onshore spot yuan to briefly touch 7.1296 per dollar, firmer than its daily official guidance for the first time in four months. To me, it looks like they are doing preparatory work ahead of a policy rate cut," said Kiyong Seong, lead Asia macro strategist at Societe Generale.

Persons: Yuan, Dado Ruvic, Kiyong Seong, Zhi Xiaojia, Zhi, Simon Cameron, Moore, Clarence Fernandez Organizations: REUTERS, Rights, Reuters, Federal, People's Bank of China, Societe Generale, Credit Agricole, Shanghai, Thomson Locations: Asia, China, United States

☆ Why it's now easier for student loan borrowers to get rid of their debt in bankruptcy court
▼ + stars: | 2023-11-20 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

Richard Levine | Corbis News | Getty ImagesFor decades, it was nearly impossible for student loan borrowers to walk away from their debt in bankruptcy court. Congress has set a high bar for discharging student loan debt in bankruptcy. Under the new process, student loan borrowers complete a form to assist the government in evaluating their discharge request. "It makes it easier for student loan borrowers to qualify for bankruptcy discharge by clearly setting out the policy," said higher education expert Mark Kantrowitz. Federal student loan borrowers have several ways to reduce their debt burden, including payment plans with $0 monthly payments and economic hardship and unemployment deferments.

Persons: Richard Levine, That's, Biden, —, Mark Kantrowitz, Kantrowitz Organizations: United State Bankruptcy Court Southern District of NY, Corbis, U.S . Department of Justice, U.S . Department of Education, American Bar Association, Consumer, Federal

☆ Grain ship lightly damaged off Ukraine, likely hit sea mine - sources
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 17 (Reuters) - A merchant ship transporting grains was lightly damaged off the coast of Ukraine and was likely to have been hit by a floating sea mine, according to maritime specialists and a Ukrainian government source. This is the latest incident affecting commercial ships sailing in the Black Sea. War risk insurance premiums have risen to as much as 3% of the value of a vessel after a missile damaged a merchant ship in the Ukrainian port of Pivdennyi last week, industry sources said. A Ukrainian government source told Reuters on Friday that it was likely that a floating sea mine hit the vessel. After withdrawing from a U.N.-backed deal in July that guaranteed safe shipments of Ukrainian grain via the Black Sea, Ukraine says Russia has repeatedly attacked Ukrainian port infrastructure and also laid sea mines.

Persons: Marsh, Jonathan Saul, Gus Trompiz, William Maclean Organizations: Seagate, Thomson Locations: Ukraine, Ukrainian, Pivdennyi, Liberia, Georgia, Greece, Constanta, Sea, Russia, Kyiv, London, Paris

☆ How an Indian startup hacked the world
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +41 min

The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, prominent attorneys and more. Run by a pair of brothers, Rajat and Anuj Khare, the company began as a small Indian educational startup. The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, sports figures and more. Back in 2012, Kristi Rogers was an executive at Aegis, a London-based security company. Canadian security company GardaWorld, which acquired Aegis in 2015, said it had no information on the incident.

Persons: Chuck Randall, Randall, “, ” Randall, ”, Randall’s inbox, Appin, Rajat, Anuj Khare, Rajat Khare’s, Clare Locke, Khare “, Khare, ” Clare Locke, Ted Kaczynski, Anuj, who’ve, SentinelOne, Tom Hegel, Appin “, Hegel, Mandiant, ” Hegel, Shane Huntley, ” Huntley, Google’s Huntley, ‘, Jochi Gómez, Gómez, Halevi, Tamir Mor, Russian oligarch Boris Berezovsky, Mohamed Azmin Ali, ” Mor, Berezovsky, Azmin, Mor, Roman Abramovich, Mark Hastings, Hastings, didn’t, Jim H, ” Jim H, Jim H’s, Kristi Rogers, Mike Rogers, he’s, Global’s, sully, Rogers, Damian Perl, – “, Steven Santarpia, ” Santarpia, Santarpia, Leonel Fernández, ” Fernández, Rajat Khare, “ Let’s, Ministry of Home Affairs didn’t, Peter Hargitay, Stevie, Billing, ” Stevie, ’, ” Peter Hargitay, Mookhey, Norman Shark, Jonathan Camp, Shark, Camp, Norman, Dominican Republic –, Dan Brady, Sandra Schweingruber, ” Schweingruber, Schweingruber, Brady, ” Gómez, –, ” –, Anna Carter, Mark Califano, ” Rajat Khare’s, India’s, Educomp, Karen Hunter, Hunter, Bryan, Rajat’s, Vijay Kumar, Deepak Kumar, Kumar, ACSG, Jay Solomon, Solomon, ” Rebsec’s, Vishavdeep Singh, Rebsec, CyberRoot, Sumit Gupta, Gupta, Raphael Satter, Zeba Siddiqui, Christopher Bing, Ryan McNeill, Corinne Perkins, John Emerson, Marla Dickerson Organizations: Reuters, Google, Harvard University, U.S, Symantec, Appin, Caribbean, El, Israeli Defense Forces, Commando, Quillon Law, U.S . House Intelligence, The Michigan Republican, U.S . Senate, Aegis, Global Security, Security, Rogers, Army Corps of Engineers, Rotary, Aegis ’, Global, ” Reuters, Britain’s, Appin Software Security, Ltd, Appin Security, –, Research, Analysis, Intelligence Bureau, Indian, India’s Ministry of Home Affairs, India’s Ministry of Defense, of Home Affairs, Central Bureau of Investigation, CBI, Federal Bureau of Investigation, Ministry of Home Affairs, Telenor, Broadcom, FBI, Dominican, Criminal Investigation Service, Appin Security Group, CERT, country’s, Bureau of Investigation, Educomp, State Bank of India, State Bank, The National Security Agency, NSA, U.S ., Swiss, Appin Technology, India’s Ministry, Corporate Affairs, Control Security Global, Technology, Kumar, Facebook, Meta, BellTroX, Services, Street, New, Rebsec, BellTroX’s, Hire Locations: Long, New Delhi, India, Yorker, Paris, Swiss, cybersecurity, Appin, Dominican, California, “, Dominican Republic, El Siglo, United States, Britain, Switzerland, New York, French, New Jersey, Israel, Russian, Malaysian, London, Rwandan, Virginia, Canadian, Chuck@shinnecock.org, Texas, Indian, India’s Punjab, Pakistan, Zurich, Australia, Norway, Oslo, Brady, Former, ”, U.S, Islip, Shinnecock, Washington, cyberespionage

☆ China’s property boost has to sway wary banks
▼ + stars: | 2023-11-15 | by ( Chan Ka Sing | ) www.reuters.com time to read: +4 min

That didn’t work because lenders balked at increasing their exposure to over-leveraged real estate groups. Xi needs to articulate a broader plan to restore banks’ confidence in the troubled property sector. Beijing’s problem is that the cash it doles out may not reach the intended targets because banks are reluctant to pass it on to property developers. Chinese banks heeded the strong signal coming from Beijing. Still, simply throwing money at reluctant banks won’t help heal the current real estate wounds.

Persons: Aly, homebuyers, Xi, shantytown redevelopments, ”, Francesco Guerrera, Thomas Shum Organizations: REUTERS, Reuters, People’s Bank of China, Authorities, Bloomberg, Financial Times, Reuters Graphics Reuters, Thomson Locations: Guangfuli, Shanghai, China, HONG KONG, Beijing, shantytown

☆ Greek state bank bailout fund sells 9% of Alpha bank to Unicredit
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

ATHENS, Nov 13 (Reuters) - Greece's state-controlled bank bailout fund HFSF said on Monday it sold its 9% stake in Alpha Bank (ACBr.AT) to UniCredit after an improved bid by the Italian bank. UniCredit (CRDI.MI) announced last month it would become Alpha Bank's biggest investor by buying a 9% stake owned by Greece's HFSF and also agreed to acquire most of Alpha's Romanian business. Greece has been attracting significant investment as its economy strengthened after the crisis, prompting S&P Global to upgrade the country to investment grade in October. HFSF sold last month its 1.4% stake in Eurobank and is expected to proceed with the sale of about 20% of National Bank in next coming days. Reporting by Lefteris Papadimas; Editing by Tom Hogue and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: HFSF, Greece's HFSF, UniCredit, Lefteris Papadimas, Tom Hogue, Stephen Coates Organizations: Alpha Bank, Alpha, Athens Stock Exchange, Global, National Bank, Thomson Locations: ATHENS, Italian, Romanian, Greece, Eurobank

Senator Tim Scott (R-SC) speaks at the third Republican candidates' U.S. presidential debate of the 2024 U.S. presidential campaign hosted by NBC News at the Adrienne Arsht Center for the Performing Arts in Miami, Florida, U.S., November 8, 2023. Senator Tim Scott suspended his run for the 2024 Republican presidential election nomination on Sunday after months of burning through campaign cash at a blistering rate without making a significant dent in national opinion polls. "I think the voters, who are the most remarkable people on the planet, have been really clear that they're telling me: 'Not now Tim,'" Scott told Fox News in an interview on Sunday evening. The lone Black Republican in the U.S. Senate, Scott began his campaign in May, promising to present an optimistic, forward-looking vision for America. At the same time, Scott's finances began to deteriorate, an ominous sign for any presidential campaign.

Persons: Tim Scott, Adrienne Arsht, Mike Segar, Scott, Donald Trump, Nikki Haley, Haley, Ron DeSantis, Andy Sabin, Eric Levine, Levine, " Levine, Jeff Burns, Joe Biden, DeSantis, Biden, Gram Slattery, Alexandra Ulmer, Dan Whitcomb, Ross Colvin, Grant McCool, Miral Organizations: Republican, U.S, NBC News, Adrienne, Adrienne Arsht Center, Performing Arts, REUTERS, Rights, Fox News, United, Reuters, Black Republican, U.S . Senate, America, Florida, Trump, Democratic, Palestinian, Hamas, Thomson Locations: Miami , Florida, U.S, South Carolina, United States, Trump, New York, California, Ukraine, Israel, Washington, San Francisco

Mendoza, a former fighter for the now-disbanded Revolutionary Armed Forces of Colombia (FARC) guerrillas, dragged her children back inside the house. In interviews with Reuters, those people recounted how the attacks left conservation projects adrift, with conservationists withdrawing from environmental protection works because of fear of more violence. Municipal data from local environmental authorities and the Colombian Institute of Meteorology (IDEAM) also showed that in the year after each killing, deforestation at a local level was worse than national trends. Santofimio's killing brought his hard-fought conservation project to a halt. In the tree nursery, which stopped work after Santofimio's killing, saplings bask in the dappled sunlight beneath protective nets.

Persons: Duberney Lopez, Jorge Santofimio, PUERTO, Leidy Mendoza, Mendoza, Jorge !, they'd, Susana Muhamad, Muhamad, Colombia's, –, Armando Aroca, Santofimio, Lopez, Kevin Murakami, Comuccom, Aroca, Javier Franciso Parra, Francisco couldn't, Andres Felipe Garcia, Cormacarena, Parra, Garcia, Luisz Martinez, Martinez, La, KfW, Roberto Gomez, Gonzalo Cardona, Sara Ines Lara, Oliver Griffin, Julia Symmes Cobb, Katy Daigle, Claudia Parsons Organizations: Revolutionary Armed Forces, Colombian, Villagers, Reuters, Environment Ministry, Global, Colombian Institute of Meteorology, Comuccom, International Narcotics, Law, Affairs, U.S, National Liberation Army, UN, Programme, Meta, UNDP, Progress, World Wildlife Fund, Security, USAID, Thomson Locations: Colombia, PUERTO GUZMAN, Putumayo, Bogota, La, Meta, La Macarena, Amazonia, Puerto Guzman

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