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Documents show that Luxembourg’s private banks have asked to freeze their assets in Ecuador amid a dispute between Perenco

Bailiff has ordered 122 banking entities operating in Luxembourg to freeze Ecuadorian assets. Ecuador issued bonds listed in Luxembourg in 2020 to fix debt Some bondholders received interest payments due on July 31 LONDON (Reuters) – Minutes in Luxembourg have ordered banks to freeze assets Ecuadorean holds in Luxembourg accounts as a result of a …

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Inflation begins to strain the finances of young, low-income Americans

Photo of a shopper wearing a face mask at the Dollar Tree store in Pasadena, California, US, June 11, 2020. REUTERS/Mario Anzoni Register now to get free unlimited access to Reuters.com Register NEW YORK (Reuters) – As rising inflation forces Americans to spend more on gas and bills, young, low-income consumers are beginning to feel …

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Australia house prices fall, Sydney suffers worst month in 40 years

FILE PHOTO – Real estate can be seen in the Sydney suburb of Clovelly, Australia on July 19, 2015. REUTERS/David Gray Register now to get free unlimited access to Reuters.com Register SYDNEY (Reuters) – Australian home prices fell for a third month in July and accelerated as Sydney suffered its worst fall in nearly 40 …

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HSBC stops Ping An breakup call, raises profit and pay target

HSBC returns to pay quarterly dividends from 2023 Aims to win over investors with higher profitability goal He says the separation of the Asian business carries enormous risks London shares rise 6% LONDON/SINGAPORE (Aug. 1) (Reuters) – HSBA.L has rejected a proposal by China’s Ping An Insurance Group (601318.SS) to split the bank, a move …

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Wall Street Week: After a sharp decline, US small companies tempt investors with cheap valuations

The floor of the New York Stock Exchange (NYSE) is seen after trading closes in New York, US, March 18, 2020. REUTERS/Lucas Jackson Register now to get free unlimited access to Reuters.com Register NEW YORK (Reuters) – Shares of smaller US companies have outpaced the broader stock market as they attract investors looking to buy …

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Global stocks eye the best month since late 2020, as the dollar drops

The MSCI World Index rose 0.3%; Almost 6% for the month The dollar fell 0.5% against a basket of its major peers Markets are betting on the US slowdown to ease interest rate tightening LONDON/SINGAPORE (Reuters) – Global stocks rose on Friday, on track for their best month since late 2020 as traders bet the …

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Credit Suisse expected to announce Korner as CEO, latest change on his head – sources

July 26 (Reuters) – Credit Suisse Group AG (CSGN.S) is expected to announce its new CEO, Ulrich Koerner, in the latest management shakeup at the Swiss bank as it struggles to recover from a series of scandals, two people familiar with the matter said. . He said the situation on Tuesday. Pressure has been mounting …

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Nasdaq drops with dollar, oil soars profits, Fed in focus

US stocks fell with the Nasdaq closing lower Eurozone study shows low German morale The Federal Reserve is in focus with Tuesday’s two-day policy meeting NEW YORK, July 25 (Reuters) – The Nasdaq (.IXIC) stock market closed lower on Monday after a choppy session for US stocks ahead of a big week of technology earnings …

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A source said that China plans to create a real estate fund worth up to $44 billion for the troubled sector

The Evergrande Center of China’s Evergrande Group appears amid other buildings in Shanghai, China, September 24, 2021. REUTERS/Ali Song Register now to get free unlimited access to Reuters.com Register The size of the fund will be initially set at 80 billion yuan The news comes as regulators scramble to reassure investors The Fund alone will …

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