Mois : décembre 2019

U.S. appeals court upholds risk payments to health insurers

() – A U.S. appeals court upheld the validity of a federal program governing the payment of billions of dollars to insurers under the Affordable Care Act, reversing a lower court ruling that had prompted the White House to temporarily suspend payments. Tuesday’s 3-0 decision by the 10th U.S. Circuit Court of Appeals in Denver

UPDATE 4-Fed sees small take-up of repo, rates fall for year-end

() – The Federal Reserve averted a year-end funding squeeze on Tuesday as large banks took only a small portion of $150 billion on offer in its last overnight repo operation of 2019, and the cost of borrowing fell to its lowest level since March 2018. FILE PHOTO: The Federal Reserve building is pictured in

Repo rates lowest since March 2018 on collateral demand

Dec 31 () – The cost to borrow in the overnight repo market fell below the U.S. federal funds target range on Tuesday on strong demand for Treasuries to rebalance portfolios at year-end, with the Federal Reserve seeing the largest take-up for its reverse repo operation in a year and a half. The Fed accepted

UPDATE 5-Angola hits ‘Princess’ dos Santos with asset freeze

LISBON/JOHANNESBURG/LAGOS () – Angola has frozen the assets of Isabel dos Santos, the billionaire daughter of the country’s previous leader, in a sign that President João Lourenço is taking a tougher line against the former first family. FILE PHOTO: Isabel dos Santos, the daughter of Angolan President Jose Eduardo dos Santos, speaks to journalists before

UPDATE 4-Angola hits « Princess » dos Santos with asset freeze

LISBON/JOHANNESBURG () – Angola has frozen the assets of Isabel dos Santos, the billionaire daughter of the country’s previous leader, in a sign that President João Lourenço is taking a tougher line against the former first family. FILE PHOTO: Isabel dos Santos, the daughter of Angolan President Jose Eduardo dos Santos, speaks to journalists before

UPDATE 1-Hudson’s Bay chairman considers sweetened bid for retailer

FILE PHOTO: A man exits a Hudson’s Bay department store in Toronto, Ontario, Canada June 6, 2016. /Chris Helgren() – Hudson’s Bay Co (HBC.TO) Chairman Richard Baker and his partners have approached the retailer’s minority stockholders, including bidding rival Catalyst Capital, to potentially raise their take-private bid, a source familiar with the matter said on

UPDATE 1-European shares falter as year-end rally fades

() – European shares ended the final trading day of the decade with a whimper on Tuesday as investors locked in gains after a record rally fuelled by optimism around trade and easing fears of a global recession. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt,

Britain says will raise minimum wage by more than 6% in 2020

LONDON () – Britain’s national minimum wage will rise by more than 6% next year, taking it to 8.74 pounds an hour, the government announced on Tuesday. FILE PHOTO: Britain’s Prime Minister Boris Johnson processes through the Central Lobby during the State Opening of Parliament at the Palace of Westminster in London, Britain December 19,

MOVES-Head of PetroChina’s Singapore trading office set to leave

SINGAPORE, Dec 31 () – The head of PetroChina’s oil trading unit in Singapore will leave the company after serving nearly 26 years, two company officials told on Tuesday. Xia Hongwei, the managing director for both the Asian operations at PetroChina’s trading vehicle China National United Oil Corp, known as Chinaoil, and for PetroChina International

China outbound M&A plummets to 10-year low on trade tensions, economic slowdown

HONG KONG () – China’s outbound mergers and acquisitions (M&As) clocked their weakest year in a decade in 2019, as an escalated U.S.-China trade war and tightened regulatory scrutiny of Chinese companies impacted appetite for overseas dealmaking. FILE PHOTO: An investor looks at computer screens showing stock information at a brokerage house in Shanghai, China

Russia’s service sector growth loses momentum in Dec – PMI

MOSCOW, Dec 31 () – Activity in Russia’s service sector expanded at the slowest pace in four months in December, despite a rise in new business, the Markit purchasing managers index (PMI) showed on Tuesday. The index’s headline figure declined to 53.1 from 55.6 in November but remained well above the 50 mark that separates