By Bansari Mayur Kamdar (Reuters) -Early gains in a handful of companies tied to former U.S. President Donald Trump’s social media venture fizzled out on Monday after the blank-check firm taking it public said it had received fact-finding inquiries from financial regulators. Digital World Acquisition fell 2.9% after gaining as much as 22.3% in premarket …
By Daniel Leussink TOKYO (Reuters) – Asia’s emerging economies should improve oversight of foreign exchange liquidity risks and make currency hedging more flexible as growing dollar investments make the region more vulnerable to currency swings, the Bank for International Settlements said. Increasing wealth and ageing populations have led to growing holdings of dollar-denominated portfolios of …
Emerging Asia needs dollar hedging reforms to reduce market risks, BIS says Read More »
By Nivedita Balu (Reuters) -The U.S. securities regulator has asked Lucid Group Inc for documents related to an investigation into its blank-check deal, joining a growing list of companies that have come under scrutiny for their merger with shell entities. Shares of the luxury electric-car maker fell as much as 19.5% on Monday after it …
EV maker Lucid gets SEC subpoena on $24-billion blank-check deal Read More »
ADDIS ABABA (Reuters) -Ethiopian forces have recaptured the strategic towns of Dessie and Kombolcha from rebellious Tigrayan forces, the government said on Monday, the latest sign of the government retaking territory. Forces aligned with the Tigray People’s Liberation Front (TPLF) had taken control https://www.reuters.com/world/africa/tigrayan-forces-say-they-have-seized-another-town-ethiopias-amhara-region-2021-10-31 of the towns, in the Amhara region, just over a month …
Ethiopian forces have recaptured two strategic towns, government says Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -Anheuser-Busch InBev’s new leadership set the company’s first earnings target on Monday, forecasting 4% to 8% growth in core profit over the next four years based on rising beer sales and expansion in other drinks and even food. Michel Doukeris, who has been chief executive of the world’s largest brewer …
AB InBev sets first profit growth target under new chief Read More »
By Willy Kurniawan and Tommy Adriansyah SUMBERWULUH, Indonesia (Reuters) – An Indonesian volcano was active again on Monday, spewing out hot clouds of ash, two days after a powerful eruption killed at least 22 people and left dozens missing. Mt. Semeru, the tallest mountain on the island of Java, erupted dramatically on Saturday, shooting a …
Indonesia volcano erupts again as death toll rises to 22 Read More »
By Tim Hepher and Rajesh Kumar Singh PARIS/CHICAGO (Reuters) – European regulators have issued a preliminary warning that patches of lightning protection may have been wrongly fitted on over a dozen Airbus A350 jets, while Delta Air Lines has joined a list of carriers facing “paint issues”. The proposed safety warning marks the first time …
European regulators propose check for anti-lightning flaw on some A350 jets Read More »
WASHINGTON (Reuters) – The United States on Monday imposed sanctions on a Democratic Republic of Congo national it accused of providing support to Israeli mining magnate Dan Gertler, part of a policy to target corruption in the central African country. The U.S. Treasury Department accused Alain Mukonda in a statement of making payments into proxy …
U.S. blacklists DR Congo national linked to Israeli investor Gertler Read More »
By Joice Alves LONDON (Reuters) – Sterling rose on Monday after Bank of England Deputy Governor Ben Broadbent warned Britain’s tight labour market will add pressure on inflation, reigniting some hopes for an interest rate hike. After Friday’s slump, sterling strengthened 0.1% versus the dollar, to $1.3238 at 1540 GMT, remaining not far from a …
Sterling rises as BoE’s Broadbent warns of price pressure from tight job market Read More »
By Alun John, Tom Wilson and Gertrude Chavez-Dreyfuss NEW YORK/LONDON/HONG KONG (Reuters) – Bitcoin dropped by almost 5% on Monday as the start of the week offered little respite to the world’s largest cryptocurrency after a bruising weekend when, at one point, it lost over a fifth of its value. The rout sent bitcoin’s price …
Bitcoin extends decline after weekend flash crash Read More »
