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Global banks seek to contain damage over $2 trillion of suspicious transfers

18h20 Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds. . .  Full story

Dash for bigger homes pushes up September asking prices, Rightmove says

01h01 Surging activity in Britain's housing market nudged up asking prices for homes in September, as buyers sought larger properties following the coronavirus lockdown, a survey showed on Monday.. . .  Full story

Banks agree $545 million for Congo Republic economy

19/09 A group of banks has agreed more than $545 million worth of funding to boost Congo Republic's long-suffering economy, officials said on Saturday.. . .  Full story

Canadian dollar hits a 5-week low as risk aversion climbs

15h13 The Canadian dollar weakened to a five-week low against its U.S. counterpart on Monday as rising coronavirus infections weighed on investor sentiment, while domestic data showed new house prices increasing at the fastest annual rate. . .  Full story

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Shoprite hit by challenges in Africa's frontier markets

26/02 Africa's largest supermarket group Shoprite reported on Tuesday its first half-year earnings decline in over a decade, hit by a currency devaluation in Angola, highlighting the challenges of doing business in frontier African markets.. . .  Full story

Indian shares close slightly higher on global cues

07/09 Indian shares ended slightly higher on Monday as investors looked past surging coronavirus infections at home and took cues from global shares, which edged up following a Wall Street-led rout in technology stocks last week.. . .  Full story

VW-backed battery maker QuantumScape to go public at $3.3 bln valuation

03/09 QuantumScape, the 10-year-old Silicon Valley battery startup backed by Volkswagen AG, said on Thursday it plans to go public through a reverse merger with Kensington Capital Acquisition Corp with an enterprise value of $3.3 billion.. . .  Full story

Pound whipsawed as UK butts heads with EU over post-Brexit life

09/09 Sterling hit a six-week low below $1.29 on Wednesday before bouncing back above $1.30 as Britain unveiled draft legislation for post-Brexit life, stoking concern that trade talks with the European Union could be derailed.. . .  Full story

Dollar weakness gives currencies a boost

01/09 Central European currencies firmed on Tuesday, as FX markets paid little attention to regional manufacturing surveys and focused on the weakening dollar instead. The dollar has been hit by fears about. . .  Full story

Latest on the worldwide spread of coronavirus

30/08 Global coronavirus cases surged past 25 million on Sunday, according to a Reuters tally, as India marked a worldwide record for daily new cases in the pandemic.. . .  Full story

Indian shares end lower as banks drop; pharma shines

18/09 Indian shares gave up early gains to end lower on Friday as banking stocks fell in afternoon trading, with HDFC Bank closing at a month's low, although a jump in pharma stocks capped losses. . .  Full story

Global banks seek to contain damage over $2 trillion of suspicious transfers

18h20 Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds. . .  Full story

Banks, Reliance drag Indian shares lower; IT stocks surge on HCL outlook

14/09 India's main stock indexes snapped two sessions of gains to end a tad lower on Monday, dragged by banks and heavyweight Reliance Industries Ltd , although a rally in IT stocks after HCL Technologies raised. . .  Full story

LSE picks Euronext as preferred bidder for Borsa Italiana

18/09 London Stock Exchange entered exclusive talks to sell Borsa Italiana to Euronext on Friday, with the French operator seeing off Deutsche Boerse and Switzerland's Six as it bids to add another bourse to its pan-European. . .  Full story

Trump to shut off TikTok, WeChat to new U.S. users on Sunday

18/09 The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns they pose a national security. . .  Full story

S.Africa approves AngloGold's Harmony sale but with conditions

26/08 South Africa's mines ministry has given the green light for the sale of AngloGold Ashanti's last remaining assets in the country to Harmony Gold on condition that it does not delist. . .  Full story

Indian banks panel names official for State Bank of India top job

28/08 A state-run banks appointment panel on Friday recommended Dinesh Kumar Khara, one of the State Bank of India's (SBI) four managing directors, as the next chairman of India's top lender.. . .  Full story

Silver Lake to invest $1 bln in retail arm of India's Reliance

09/09 Reliance Industries Ltd said on Wednesday U.S. private equity firm Silver Lake Partners will invest $1.02 billion in its retail business, helping the Mukesh Ambani-controlled company widen its lead as India's biggest retailer.. . .  Full story

Portugal's solar energy auction breaks record for low power prices, again

26/08 Portugal's latest auction of contracts to build and operate new solar energy capacity set a world record for the lowest price of future output, the Environment Minister Joao Pedro Matos Fernandes said on Wednesday.. . .  Full story

Tabreed plans to issue up to $1 bln in bonds

09/09 Dubai-listed National Central Cooling Co (Tabreed) is planning a potential issuance of up to $1 billion in bonds or sukuk with a tenor of up to 30 years, it said in a stock exchange. . .  Full story

Swiss exchange Six makes highest bid in Italy's Borsa battle -sources

14/09 Switzerland's Six has made the highest bid in the battle for Borsa Italiana, ahead of France's Euronext and Deutsche Boerse, two sources familiar with the matter said.. . .  Full story

South African rand firmer after central bank holds rates

17/09 South Africa's rand extended its recent rally to a new six-month peak on Thursday after the central bank kept lending rates unchanged.. . .  Full story

Banks eye layoffs as short-term crisis ends, long-term costs emerge

28/08 At the height of the coronavirus pandemic last spring, the heads of U.S. banks including Morgan Stanley, Bank of America Corp and others pledged not to cut any jobs in 2020 because it was the. . .  Full story

FOCUS-Coronavirus accelerates European utilities' digital drive

10/08 When COVID-19 plunged Italy into lockdown, it was decision time at the Verampio power station. The control room, which runs a fleet of hydroelectric plants across the Piedmont region, hard hit by the pandemic,. . .  Full story