Buyout firm Centerbridge makes major investment in GoHealth

Aug 19 () – Private equity firm Centerbridge Partners LP has made a significant investment in GoHealth LLC, giving the online health insurance marketplace a major new financial backer at a time when the insurance industry is bracing for change. reported on Sunday that Centerbridge was nearing a deal to acquire a majority stake in

UPDATE 1-India exempts shadow lenders from debenture reserve requirements

(Adds details) NEW DELHI, Aug 19 () – India’s non-banking financial firms and listed companies that issue debentures will no longer have to maintain a certain level of redemption reserves against them, the government said on Monday, in an effort to increase the availability of money for lending. The non-banking finance companies, also known as

UPDATE 1-Catalyst Capital to buy about 10% stake in Hudson’s Bay

(Adds background, related items links, PIX available) By Jessica DiNapoli Aug 19 () – Buyout firm Catalyst Capital Group Inc said on Monday it will acquire a significant stake in Hudson’s Bay Co, a move that could block the department store’s executive chairman’s plans to take it private for C$1.74 billion. Catalyst’s acquisition, which it

UPDATE 3-UK’s Johnson tells Germany and France: do a Brexit deal

TRURO, England/LONDON () – Prime Minister Boris Johnson called on France and Germany on Monday to change their position on Brexit and negotiate a new exit deal for Britain, reiterating his stance that he is ready to leave the European Union without a deal if they do not. Britain’s Prime Minister Boris Johnson talks as

UPDATE 2-Cathay Pacific’s new boss puts emphasis on safety and security

HONG KONG/SINGAPORE () – Cathay Pacific Ltd (0293.HK) needs to focus on safety and security, its customers and the completion of a three-year financial turnaround plan, the airline’s new chief executive told staff on Monday. FILE PHOTO: A plane flies behind a new Cathay Pacific Airways Airbus A350 after being received by the airline at

COLUMN-Hedge funds sell oil as global economy slows: Kemp

LONDON () – Hedge funds cut their bullish positions in petroleum last week for the second week running as anxiety about the slowing global economy and oil consumption trumped optimism over production restraint by OPEC and its allies. FILE PHOTO: A view shows a well head and a drilling rig in the Yarakta Oil Field,

GRAINS-Prices ease on favourable Midwest weather

* Corn, soybeans and wheat retreat after Friday’s bounce * Rain and mild temperatures seen helping Midwest corn and soybeans * Trade war and high global supplies pressure prices (Updates with European trading, changes byline/dateline) By Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, Aug 19 () – Chicago corn, wheat and soybean futures eased on Monday,

Bosnian region raises $20.6 mln in 7-yr bond auction at lower cost

SARAJEVO, Aug 19 () – Bosnia’s autonomous Serb Republic raised 36.4 million Bosnian marka ($20.6 million), above a 35 million marka target, through an auction of seven-year domestic bonds aimed at helping it plug a budget gap and finance maturing debt, the Banja Luka Stock Exchange said on Monday. Below are the auction details: 7-year

UK Labour’s Corbyn: we want parliament recalled

LONDON, Aug 19 () – British opposition Labour Party leader Jeremy Corbyn said on Monday he supported recalling parliament to deal with the Brexit crisis but sidestepped a question about whether he would step down as leader. “We will do everything to stop a no-deal Brexit,” Corbyn said, when asked if he would consider stepping

UK Labour leader Corbyn says will do everything possible to block no-deal

Britain’s opposition Labour Party leader Jeremy Corbyn leaves his home in London, Britain August 19, 2019. /Henry NichollsLONDON () – The opposition Labour Party will do everything possible to stop Britain leaving the European Union without a deal on October 31, Labour leader Jeremy Corbyn said on Monday. He urged lawmakers that were “serious” about

India cenbank weighs linking some new bank loans to policy rate

MUMBAI () – The Reserve Bank of India is looking to get banks to link some new loans to its key policy rate or other external benchmarks, Governor Shaktikanta Das said on Monday, as he pushes them to cut rates faster to stimulate a flagging economy. FILE PHOTO: A security guard’s reflection is seen next

UPDATE 2-Recall UK parliament to tackle Brexit crisis, opposition Labour Party says

LONDON () – Britain’s parliament needs to be recalled immediately to discuss Brexit, the opposition Labour Party’s finance spokesman John McDonnell said on Monday, after leaked official documents forecast possible food, fuel, and medicine shortages. Britain’s opposition Labour Party leader Jeremy Corbyn leaves his home in London, Britain August 19, 2019. /Henry NichollsBritain has less

EXPLAINER-How China’s new interest rate reforms will work

SHANGHAI/BEIJING () – China’s central bank pushed out long-awaited interest rate reforms on Saturday by establishing a reference rate for new loans issued by banks to help steer corporate borrowing costs lower and support a slowing economy. FILE PHOTO: People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in

HK stocks see best session in two months on China’s rate reform

* HK->Shanghai Connect daily quota used 7.4%, Shanghai->HK daily quota used 4.9% * HSI +2.2%, HSCE +1.5%, CSI300 +2.2% * FTSE China A50 +1.7% SHANGHAI, Aug 19 () – Hong Kong stocks climbed more than 2% on Monday amid a broad upbeat investor mood, posting their best session in two months, bolstered by Beijing’s reforms

UPDATE 1-Stimulus hints drive European stocks higher

() – European stock markets rose for the second session running on Monday, with Frankfurt shares leading a recovery from last week’s six-month lows as investors cheered signs of moves by Germany and China to counter slowing growth. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August

Khazanah injects $72 mln in Malaysia Airlines as it considers offers

KUALA LUMPUR () – Malaysian sovereign wealth fund Khazanah Nasional Bhd [KHAZA.UL] said on Monday it had pumped another 300 million ringgit ($72 million) into Malaysia Airlines to keep the national carrier afloat as it considers offers for the company. Malaysia Airlines has been struggling to transform its operations and return to profitability since two

Australia shares see best day in 2 months; energy stocks power gains

(Updates to close) Aug 19 () – Australian shares gained the most in two months on Monday, powered by energy firms and heavyweight financial stocks, as expectations of more stimulus in major economies helped ease global recession worries. The S&P/ASX 200 index closed 1% higher for its best session since June 19 at 6,467.40 points.

Thai to cut 2019 growth forecast again -gov

BANGKOK, Aug 19 () – Thailand’s central bank will lower its 2019 economic growth forecast of 3.3% as growth slows amid rising global trade protectionism, the governor said on Monday. The central bank is also worried about strength in the baht but it has only acted on excessive moves in the currency, Bank of Thailand

UPDATE 1-Denmark’s DSV acquires Swiss logistics group Panalpina

COPENHAGEN () – Denmark’s DSV (DSV.CO) said on Monday it has completed the acquisition of Swiss logistics group Panalpina (PWTN.S), creating the world’s fourth largest freight-forwarding company. The Swiss logistics group accepted a bid from DSV in April, after more than two months of negotiations. The enterprise value of the acquisition was about 37 billion

JGB yields rise as policy hopes ease global recession fears

TOKYO, Aug 19 () – Japanese government bond yields edged up on Monday, moving further away from three-year lows hit late last week, as hopes of fresh stimulus measures from major economies soothed some of the recent global recessionary fears that crept up among investors. The benchmark 10-year JGB yield rose one basis point to

China, HK stocks extend rally after Beijing unveils rate reform

* SSEC 1.5%, CSI300 1.5%, HSI 1.9% * HK->Shanghai Connect daily quota used 4.4%, Shanghai->HK daily quota used 1.8% * FTSE China A50 +1.0% SHANGHAI, Aug 19 () – China and Hong Kong stocks rose on Monday, on track for their fourth consecutive session of gains, as investors cheered Beijing’s latest measures to underpin an