Mois : septembre 2019

NEW YORK () – An extra $200 billion in cash available to the U.S. banking system on Monday thanks to injections by the Federal Reserve kept a lid on short-term borrowing costs at end of the third quarter, preventing a replay of the chaos that hit money markets nearly two weeks ago. Traders and analysts […]

TALLINN, Sept 30 () – Swedbank has removed three executives from its Estonian business and appointed their replacements, including a new head of the unit embroiled in an international money laundering investigation. The Swedish lender has already fired its CEO and its chairman resigned in the wake of the allegations being investigated by authorities in […]

NEW YORK () – The interest rate on U.S. overnight repurchase agreements jumped on Monday as banks and Wall Street are scrambling to fund their loans and trades at the end of the third quarter and before the Federal Reserve’s operation to offer cash into banking system. In early U.S. trading, overnight repo rates were […]

() – Julius Baer said on Monday Patrick Prinz and Ettore Bonsignore will be joining the Swiss wealth management group as market heads, effective Oct. 1. Prinz will serve as the market head for Germany and Austria, while Ettore Bonsignore will work as the head of Italy. Prinz was most recently the head of private […]

SAO PAULO, Sept 30 () – Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses are expected to be the biggest so far, exceeding $25 billion, national oil regulator ANP said on Monday. As widely expected, the companies participating include a […]

(Updates with Adria statement, Lufthansa comment) By Marja Novak LJUBLJANA, Sept 30 () – Slovenian airline Adria Airways has filed for bankruptcy and cancelled all flights, it said in a statement on Monday, after financial problems forced it to ground most of its planes over the last week. “Bankruptcy proceedings were initiated by the management […]

(Adds details) NAIROBI, Sept 30 () – Kenya’s economy grew by 5.6% in the second quarter of this year, down from expanding 6.4% in the same period a year earlier, the statistics office said on Monday. It attributed the deceleration in growth to a slowdown in the key farming sector, which accounts for close to […]

(Adds HKMA comments, charts, year-on-year changes, analyst comments; updates HKD price; recasts) By Noah Sin HONG KONG, Sept 30 () – Local currency deposits in Hong Kong shrank the most month-on-month in over a year in August while U.S. dollar deposits ballooned, official data showed on Monday. Hong Kong dollar deposits declined by 1.6% last […]

* Agency cites rising geopolitical and military tensions * Move disappoints Saudi Arabia * Saudi says budget deficit is within 2019 parameters * Riyadh seeks investment to drive diversification * Attack initially halved crude oil output * Kingdom pursues Saudi Aramco IPO * FACTBOX on regional tensions (Adds quotes, details) DUBAI, Sept 30 () – […]

(Amends to “Saudi Arabia” in headline from “Saudi Arabia’s”) DUBAI, Sept 30 () – Rating agency Fitch downgraded Saudi Arabia’s credit rating to A from A+ on Monday, citing rising geopolitical and military tensions in the Gulf and a deterioration of the kingdom’s fiscal position. The downgrade – which places Saudi Arabia one notch above […]

(Updates with quote, details) LJUBLJANA, Sept 30 () – The bankruptcy of Adria Airways seems the only possible scenario after the Slovenia-based airline cancelled most of its flights since last Tuesday, the country’s economy minister Zdravko Pocivalsek said on Monday. He said the government was considering establishing a new airline company to improve Slovenia’s international […]

* Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Updates prices, adds quote, chart) By Sujata Rao LONDON, Sept 30 () – Sterling inched higher on Monday after a week of hefty losses and showed little reaction to data pointing to a contraction in the UK economy as […]

JAKARTA, Sept 30 () – Indonesia’s President Joko Widodo said on Monday the government would review a plan to raise the cheapest premiums of the state health insurer by 65% starting this month, after meeting with trade union leaders opposing the measure. BPJS Kesehatan, which provides universal health coverage for over 200 million people, regularly […]

ROME, Sept 30 () – Italian Prime Minister Giuseppe Conte said on Monday his government had freed up the 23 billion euros ($25 billion) in funds needed to avoid a scheduled increase in the sales tax next year. “We’ll discuss the new budget forecasts today … the first good piece of news is that we’ll […]

* Second fine by regulator over enhanced annuities * Follows 31 mln stg fine for Standard Life Assurance in July * Prudential has so far paid 110 mln stg in redress (Adds background, detail, shares) By Huw Jones and Carolyn Cohn LONDON, Sept 30 () – Britain’s markets watchdog has fined the country’s largest insurer […]