/cloudfront-us-east-2.images.arcpublishing.com/reuters/SL6TL5UPHZM67OBSMR6X6QGLSI.jpg "Britain lowers stake in NatWest with .6 bln share sale")
LONDON, May 22 (Reuters) – British state-backed bank NatWest (NWG.L) has agreed to buy 1.3 billion pounds ($1.6 billion) worth of its shares back from the government, as it edges closer towards private ownership 15 years after it was bailed out in the global financial crisis. The deal will reduce the government’s stake in the … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZQSOBXUZ4NMRNAGARAAS5GWJK4.jpg "Australia hits buy-now-pay-later sector with consumer credit law")
BNPL providers must carry out background checks before lending Must notify customers when credit limits increase Zip COO: Change would mean “business as usual” SYDNEY, May 22 (Reuters) – Australia said it would regulate buy-now-pay-later services as a consumer credit product under new laws, forcing BNPL providers to carry out background checks before lending in … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/SUSX7O5CCBOHFMQRPO26DGBR5E.jpg "Sen. Warren seeks details on ‘troubling’ sale of First Republic to JPMorgan")
WASHINGTON, May 18 (Reuters) – U.S. Senator Elizabeth Warren is questioning federal bank regulators on their decision to sell First Republic Bank to the nation’s largest bank, JP Morgan Chase. In a letter sent to the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation Wednesday, Warren said the deal was “deeply … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/KZKJW6NQAVON3KGS3EVIWIGJIA.jpg "Top Australian sporting bodies endorse Indigenous referendum as support dips")
SYDNEY, May 18 (Reuters) – Two of Australia’s top football codes on Thursday backed a proposal to constitutionally recognise the country’s Indigenous population in a referendum, as latest opinion polls show public support for the government-backed plan dipping. In a full page statement published in The Sydney Morning Herald, Rugby Australia (RA) said the proposed … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/BY4KZOS24BKDRISBB2CRINKTUI.jpg "US could start buying oil for reserve after June sale, energy secretary says")
WASHINGTON, May 11 (Reuters) – U.S. Energy Secretary Jennifer Granholm told lawmakers on Thursday her department could start repurchasing oil for the Strategic Petroleum Reserve (SPR) after completing a congressionally mandated sale next month. “That congressionally mandated sale of 26 million barrels will be completed by June, and it’s at that point where we will … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/OCGWYGAXFFKYTESQK4C6EXP6K4.jpg "Buoyed by sale of small state assets, Ukraine eyes bigger sell-off")
Ukraine sells some state assets as war rages Ukrainian economy devastated by Russia’s invasion Government eyes large-scale privatisation KYIV, May 11 (Reuters) – Ukraine raised record proceeds from selling small state assets in the first quarter of this year despite Russia’s invasion and aims to privatise thousands more in an economic overhaul, the head of … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZXSR5FD6Q5O3LG7NSLZ2UYC4YU.jpg "Exclusive: Pakistan point-of-sale payments slump nearly 50% after protest violence")
KARACHI, Pakistan, May 11 (Reuters) – Point-of-sale transactions routed through Pakistan’s main digital payments system fell by nearly 50% the day after former Prime Minister Imran Khan’s arrest ignited countrywide protests and prompted authorities to shut down mobile internet services, data showed on Thursday. The reason for the slump was primarily the mobile broadband suspension, … [Read more…]