FINS08

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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China’s Alibaba is scrambling to keep its New York listing amid audit dispute

The Alibaba Group logo appears on the trading floor of the New York Stock Exchange in Manhattan, New York City, US, August 3, 2021. REUTERS/Andrew Kelly/File Photo Register now to get free unlimited access to Reuters.com Register Aug 1 (Reuters) – Alibaba Group Holdings Limited (9988.HK) said on Monday it would keep its listing on …

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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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Indonesia bans Yahoo, Paypal and games for license violations

The PayPal app logo is seen on a mobile phone in this illustration on October 16, 2017. REUTERS/Thomas White/Illustration Register now to get free unlimited access to Reuters.com Register JAKARTA (Reuters) – Indonesia has blocked search engine Yahoo, payments firm PayPal (PYPL.O) and several gaming websites for failing to comply with licensing rules, an official …

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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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Billionaire Jack Ma plans to give up control of a Chinese ant group – The Wall Street Journal

Jack Ma, co-founder and CEO of Alibaba Group, attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China, September 17, 2018. Photo taken September 17, 2018. Reuters/Ali Song/File Photo/File Photo Register now to get free unlimited access to Reuters.com Register BEIJING/HONG KONG (Reuters) – Chinese billionaire Jack Ma plans to relinquish control of financial technology …

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