EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company- sources

A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market … Read more

China’s banks scramble to raise capital and answer calls to support economy

People walk past the China Construction Bank booth at the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 3, 2021. REUTERS / Florence Lo Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 15 (Reuters) – China Construction Bank Corp (CCB) (601939.SS) started selling 60 billion yuan ($ … Read more

Care home firm Orpea, under pressure over practices, gets new financing

A view shows the logo of French care homes company Orpea at the entrance of a retirement home (EHPAD – Housing Establishment for Dependant Elderly People) in Reze near Nantes, France, February 2, 2022. REUTERS / Stephane Mahe Register now for FREE unlimited access to Reuters.com Register PARIS, June 13 (Reuters) – French care home … Read more

Turkish lira seesaws after economy steps, bond yields slide

Woman holds Turkish Lira banknotes in this illustration taken May 30, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register Lira has tumbled 23% this year on top of 44% slide in 2021 Central bank measure seen boosting demand for bonds Banks lead shares higher on Borsa Istanbul … Read more

Plant-based food stocks lack sustainable finance

A McDonald’s “PLT” burger with a Beyond Meat plant-based patty at one of 28 test restaurant locations in London, Ontario, Canada October 2, 2019. REUTERS/Moe Doiron Register now for FREE unlimited access to Reuters.com Register LONDON, June 10 (Reuters Breakingviews) – Plant -based diets are more environmentally sustainable than those which involve consuming meat and … Read more

Turkey announces economy measures, prioritises inflation fight

A man looks at a butcher shop window in Ankara, Turkey February 16, 2022. REUTERS / Cagla Gurdogan Register now for FREE unlimited access to Reuters.com Register ISTANBUL, June 10 (Reuters) – Turkey’s Treasury said on Friday the fight against inflation remained the top priority in its macroeconomic policy after it and other state institutions … Read more

Apple pay-later foray blurs tech-finance boundary

The Apple Inc. logo is seen in the lobby of New York City’s flagship Apple store January 18, 2011. Register now for FREE unlimited access to Reuters.com Register LONDON, June 9 (Reuters Breakingviews) – Tim Cook has crossed the banking divide. Big US tech firms have so far largely kept out of the lending business. … Read more

China takes steps to ease up on regulatory crackdown as economy slows

HONG KONG, June 9 (Reuters) – Beijing has given tentative approval for Ant Group to revive its initial public offering (IPO) in Shanghai and Hong Kong, two sources told Reuters on Thursday, the biggest sign yet of a cooling of Beijing’s tough stance on the technology sector. Ant, an affiliate of Chinese e-commerce behemoth Alibaba … Read more

Deloitte denies media reports on restructuring plans

Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS / Hannah McKay / Files Register now for FREE unlimited access to Reuters.com Register June 9 (Reuters) – Deloitte, one of the “Big Four” accounting firms, said late on Wednesday that media reports about the company exploring a plan to split its global … Read more

Dubai business park operator TECOM plans July listing

DUBAI, June 9 (Reuters) – Dubai plans to sell a 12.5% ​​stake in business park operator TECOM Group in an initial public offering (IPO) that will list its shares on the emirate’s exchange, the company said in a statement on Thursday. It is the second offering from the emirate this year after Dubai Electricity and … Read more