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Egypt central bank approves instant payment regulations
CAIRO (Reuters) - Egypt's central bank has approved regulations designed to allow people to make instant electronic payments between bank accounts using their mobile phones, it said in a statement on ...
Syndicated Content Nov 08, 2021
African artists embrace NFTs for better rewards
By Fikayo Owoeye and Nneka Chile LAGOS (Reuters) - Nigerian artist Abdulrahman Yusuf used to sell his work online but in May he was introduced to non-fungible tokens (NFTs), which he said presented "l...
Syndicated Content Nov 08, 2021
Tesla sold 54,391 China-made vehicles in October – CPCA
BEIJING (Reuters) - U.S. electric vehicle maker Tesla Inc sold 54,391 China-made vehicles in October, including 40,666 for export, the China Passenger Car Association (CPCA) said on Monday. Tesla, whi...
Syndicated Content Nov 08, 2021
Norway’s new government plans wealth fund spending identical to predecessor
OSLO (Reuters) - Norway's new centre-left government said on Monday in aims to spend an identical amount of money from the country's $1.4 trillion sovereign wealth fund in 2022 compared to a plan prop...
Syndicated Content Nov 08, 2021
Marketmind: Calm after — or before — the storm
A look at the day ahead from Sujata Rao. Central banks have managed to walk back the most aggressive rate hike bets, U.S. jobs data last week was robust and a $1 trillion U.S. infrastructure bill has ...
Syndicated Content Nov 08, 2021
SoftBank Group to buy back up to 14.6% of shares
TOKYO (Reuters) - SoftBank Group Corp said on Monday it would buy back up to one trillion yen ($8.82 billion) of its own shares, or 14.6% of outstanding stock. The plan comes after the Japanese conglo...
Syndicated Content Nov 08, 2021
Poor report cards likely at China’s Big Tech after regulatory crackdown
By Brenda Goh SHANGHAI (Reuters) - China's biggest listed companies Tencent and Alibaba are expected to report a fall in profits and slowing revenue growth in the July-September quarter, hurt by the y...
Syndicated Content Nov 08, 2021
Tanzania central bank to go after individuals to reduce non-performing loans
DAR ES SALAAM (Reuters) - Tanzania's central bank said it would target indiciduals and government officials in new measures to reduce non-performing loans. The Bank of Tanzania has been taking measure...
Syndicated Content Nov 08, 2021
Russia quashes appeal by ex-U.S. Marine Whelan -Ifax
MOSCOW (Reuters) - A Russian court on Monday rejected an appeal by jailed ex-U.S. Marine Paul Whelan who had challenged the refusal of a regional court to hear his case to be transferred to the United...
Syndicated Content Nov 08, 2021
Ex-Santander Asset Management CEO Belinky joins Motive Partners
LONDON (Reuters) - Mariano Belinky, former chief executive officer of Banco Santander's asset management arm, has joined financial technology-focused private equity firm Motive Partners, the investmen...
Syndicated Content Nov 08, 2021
Peoria, IL, USA
46 °F Light Rain, Mist
