(Reuters) -British sub-prime lender Amigo said on Monday it plans to contribute 97 million pounds ($128.32 million) under a new business rescue proposal, revised up from 35 million pounds that it had previously estimated. The lender laid out two different options — one dependent on the restart of lending operations as well as securing money …
Lender Amigo plans new $128 million rescue proposal, shares fall Read More »
By Chang-Ran Kim and Elaine Lies TOKYO (Reuters) – The United States Embassy in Tokyo on Monday warned in a tweet of incidents of suspected racial profiling of non-Japanese by Japanese police. Japan is a mostly ethnically homogeneous country where some people equate more immigrants with a rise in crime, although foreign labour is increasingly …
U.S. embassy in Tokyo warns of ‘suspected racial profiling’ by Japanese police Read More »
By John Revill ZURICH (Reuters) -Swiss National Bank Vice Chairman Fritz Zurbruegg, who implemented the ripping up of the central bank’s minimum exchange rate policy and the introduction of negative interest rates and massive forex purchases, will retire next year. Zurbruegg, who recently returned to work after being treated for a heart condition, will retire …
Swiss National Bank Vice Chairman Zurbruegg to retire in 2022 Read More »
By Tetsushi Kajimoto and Kiyoshi Takenaka TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida vowed on Monday to ensure worker wage hikes to protect the economy from rising global inflation, while strengthening the country’s defences as it deals with an assertive China and unpredictable North Korea. Kishida made the remarks on the opening day of parliament’s …
Japan PM seeks to boost workers’ wages, defence capability Read More »
(Reuters) -British fashion chain Ted Baker on Monday said Chairman John Barton had died, and senior independent director Helena Feltham would take on the role of interim chairman with immediate effect. In a brief statement, the London-listed retailer did not specify the cause of Barton’s death, but said it was sudden. Barton, 77, joined Ted …
UK fashion chain Ted Baker Chairman John Barton dies at 77 Read More »
JOHANNESBURG (Reuters) -South Africa is preparing its hospitals for more admissions, as the Omicron coronavirus variant pushes the country into a fourth wave of COVID-19 cases, President Cyril Ramaphosa said on Monday. Omicron was first detected in southern Africa last month and has triggered global alarm as governments fear another surge in infections. South Africa’s …
South Africa readies hospitals as Omicron variant drives new COVID-19 wave Read More »
By Kane Wu and Scott Murdoch HONG KONG (Reuters) -Chinese artificial intelligence startup SenseTime Group is looking to raise up to $767 million in its Hong Kong initial public offering (IPO), according to a term sheet seen by Reuters. The deal launched on Monday for the company to sell 1.5 billion primary shares within a …
SenseTime launches Hong Kong IPO to raise up to $767 million -term sheet Read More »
PARIS (Reuters) -French construction materials company Saint-Gobain on Monday said it would buy GCP Applied Technologies in a deal that values the U.S.-based specialty construction chemicals company at around $2.3 billion. “This acquisition is a decisive step in establishing Saint-Gobain’s leading position worldwide in construction chemicals with total sales of more than 4 billion euros …
Saint-Gobain buys U.S.-based GCP to grow in construction chemicals Read More »
(Reuters) – Myanmar’s ousted leader Aung San Suu Kyi received a four-year jail term on Monday on charges of incitement and violations of a law on natural disasters, a source familiar with the proceedings said. The source, who spoke on condition of anonymity, also said ousted President Win Myint got the same jail sentence in …
Myanmar’s ousted leader Suu Kyi gets four-year jail term in trial – source Read More »
By Elias Biryabarema and Karin Strohecker KYANKWANZI, Uganda (Reuters) -Chinese private investment in Uganda is growing while Westerners are losing appetite to put money to work in the country, President Yoweri Museveni told Reuters, pledging to step up efforts to tackle corruption that have made slow progress. Museveni, in power since 1986 and one of …
Western companies are blind to Ugandan investments – President Museveni Read More »
