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Sri Lanka to unveil debt restructuring plan to creditors
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Oil prices edge down, recession fears back in focus
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UK consumer mood sinks to new depths despite energy bills help
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Carrefour management increases offer in wage talks with unions
Sabadell in talks with Worldline, Nexi and Fiserv for payments deal -sources
Date: September 23, 2022
By Pamela Barbaglia, Jesús Aguado and Andres Gonzalez LONDON/MADRID (Reuters) -Spanish bank Sabadell has received indicative bids from France’s Worldline, Italy’s Nexi and U.S. firm Fiserv for its payments arm, with a deal valued at up to 400 million euros ($394 million), three sources said. Sabadell received the non-binding offers last week and is expected...
What crisis? High-stakes crypto lending looks here to stay
Date: September 23, 2022
(Updates Trenchev’s estimate for unsecured lending) By Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) -On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part of a $270 million loan. Three Arrows had just taken a...
Bread sales can’t cover energy bill at family-run Dutch bakery
Date: September 22, 2022
By Charlotte Van Campenhout HOEVELAKEN, Netherlands (Reuters) – For five generations, Dutchman Dennis Toebast’s family has prospered as bread bakers. But since the war in Ukraine his energy bills have jumped fivefold, casting doubt on plans to eventually hand the business down to his daughter. With as many as a million Dutch households at risk...
Yen rallies after Japan intervenes with first support since 1998
Date: September 22, 2022
By Gertrude Chavez-Dreyfuss and Alun John NEW YORK/LONDON (Reuters) – The Japanese yen soared across the board on Thursday after monetary authorities intervened in the foreign exchange market to boost the battered currency for the first time since 1998, although analysts said Japan may struggle to keep the yen strong. The dollar was last down...
EU watchdog proposes emergency brake for energy markets
Date: September 22, 2022
By Huw Jones LONDON (Reuters) -A temporary brake on gas and electricity derivatives when prices spike could improve how energy markets operate, the European Union’s securities watchdog proposed on Thursday, along with more fundamental changes over time. The European Securities and Markets Authority (ESMA) said the number of trading halts in energy derivatives has been...
Yen spikes after Japan intervention, stocks slump
Date: September 22, 2022
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – The yen spiked higher on Thursday after the Federal Reserve’s strong stance on rates the day before roiled the outlook for bonds and stocks while forcing Japan to unilaterally intervene in FX markets to support its currency for the first time since 1998. The dollar...