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Betting on Asia’s debt, Europe’s hunt for yield heads east

Betting on Asia’s debt, Europe’s hunt for yield heads east

Published 01/09/2020

SINGAPORE/AMSTERDAM (Reuters) - Low yields at home are sending some previously shy European investors into Asia’s credit markets, money managers say, lured by the promise [more…]

CABEI approves $400 million loan to Central American nations for vaccine

CABEI approves $400 million loan to Central American nations for vaccine

Published 31/08/2020

TEGUCIGALPA (Reuters) - The Central American Bank for Economic Integration (CABEI) has approved a $400 million loan to seven regional nations and the Dominican Republic [more…]

Euro zone companies tapped bank credit in June even as economy reopened

Euro zone companies tapped bank credit in June even as economy reopened

Published 27/07/2020

FRANKFURT (Reuters) - Euro zone companies continued to tap bank credit at a brisk pace in June even as the economy reopened after three months [more…]

Analysts’ View: EU progress lifts euro, stocks on the defensive

Analysts’ View: EU progress lifts euro, stocks on the defensive

Published 20/07/2020

LONDON (Reuters) - EU leaders reported some progress on Monday after three days of haggling over a coronavirus stimulus plan, sending the euro to a [more…]

EU leaders show first signs of compromise on stimulus plan

EU leaders show first signs of compromise on stimulus plan

Published 20/07/2020

BRUSSELS (Reuters) - Signs emerged that leaders of northern European Union countries were willing to compromise on a 1.8 trillion euro ($2 trillion) coronavirus stimulus [more…]

India’s IL&FS says aims to resolve nearly 60% of debt despite pandemic delays

India’s IL&FS says aims to resolve nearly 60% of debt despite pandemic delays

Published 20/07/2020

MUMBAI/BENGALURU (Reuters) - India’s Infrastructure Leasing & Financial Services (IL&FS) said on Monday it expected to resolve about 57% of its near trillion rupee ($13.35 [more…]

Data shows companies that raised funds in 2020 also approved for U.S. PPP loans

Data shows companies that raised funds in 2020 also approved for U.S. PPP loans

Published 08/07/2020

(Reuters) - Several Silicon Valley firms backed by venture capitalists were unsure over whether to apply for a U.S. pandemic aid program, but data analyzed [more…]

U.S. consumer watchdog removes ‘ability-to-pay’ need from final payday loan rule

U.S. consumer watchdog removes ‘ability-to-pay’ need from final payday loan rule

Published 08/07/2020

WASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau on Tuesday issued its long-awaited payday lending measure that rescinds an Obama-era proposal requiring lenders first [more…]

Greece’s NBG hires Morgan Stanley to advise on six billion euro bad debt sale

Greece’s NBG hires Morgan Stanley to advise on six billion euro bad debt sale

Published 30/06/2020

ATHENS (Reuters) - Greece’s National Bank (NBG) has hired Morgan Stanley as an adviser ahead of a planned sale of more than 6.0 billion euros [more…]

Wirecard’s former boss faces criminal complaint in Austria

Wirecard’s former boss faces criminal complaint in Austria

Published 30/06/2020

VIENNA (Reuters) - An Austrian lawyer has filed a criminal complaint against Wirecard’s (WDIG.DE) former Chief Executive Markus Braun and Chief Operating Officer Jan Marsalek [more…]