Keyword "LOA" - List of latest news (540 results)

03:41 World Bank urged to reduce equity-to-loan ratio to free up funds for poor countries

Given big cuts in development aid by Europe and the United States, think tanks and other groups are urging the World Bank to reduce the equity-to-lending ratio of its main lending arm to free up billions in additional lending capacity.

21/04 US Education Department to resume collecting student loans in default from May 5

The U.S. Department of Education said on Monday it will resume collecting federal student repayments from borrowers in default from May 5 after a pause of more than five years.

21/04 China keeps lending rates steady; trade war raises bets for stimulus

China kept benchmark lending rates steady on Monday for the sixth successive month, matching market expectations.

17/04 Exclusive: IMF says no decision before May on Senegal waiver for misreported data

The International Monetary Fund will not decide before May whether Senegal must repay money disbursed under a now-frozen programme, it said on Thursday, meaning the West African state will likely miss its goal of having a new programme in place by June.

17/04 Under Trump, consumer watchdog to slash industry supervision

The top U.S. watchdog agency for consumer finance will cut its inspections of financial services companies in half while focusing on threats to military personnel and turning away from areas like student loans, medical debt, digital payments and consumer data, according to a memo sent to staff on Wednesday.

15/04 US Treasury's Bessent backs Argentina's economic reforms with eye on China

U.S. Treasury Secretary Scott Bessent said he met with Argentine President Javier Milei on Monday to underscore the Trump administration's full support for economic reforms that were bringing the Latin American country "back from the precipice."

14/04 Britain sends Ukraine second part of $3 billion war loan

Britain sent Ukraine 752 million pounds ($990 million) to buy air defences and artillery on Monday, part of a broader $50 billion international loan programme backed by frozen Russian assets, Britain's government said.

14/04 Goldman Sachs profit jumps as traders cash in on volatile markets

Goldman Sachs' profit rose 15% in the first quarter, fueled by stock traders who capitalized on volatile markets to bring in record equities revenue, but its CEO warned of a difficult environment ahead.

12/04 UnitedHealth asks healthcare providers for hack loan repayments

UnitedHealth Group is demanding that healthcare providers repay the loans they received from the company after a cyberattack at its tech unit Change Healthcare last year, according to two providers on Friday.

12/04 Argentina and the IMF: a troubled history

In December 1958, Argentina, battling inflation and weak reserves, agreed a $75-million loan with the International Monetary Fund, its first deal with the Washington-based lender in a record 23 programs totalling $177 billion in agreed funds.

12/04 World Bank to announce $12 billion financing package for Argentina, source says

The World Bank is poised to announce a $12 billion financing package for Argentina on Friday, supplementing the International Monetary Fund's expected approval of a $20 billion Argentina loan deal, a source with knowledge of the plan said.

12/04 Volkswagen's Scania buys bankrupt Northvolt's heavy industry battery packs unit

Volkswagen's truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt's division that makes battery packs for heavy industry, reviving a transaction first presented in February, for an undisclosed price.

11/04 JPMorgan's profit jumps on record stock trading as CEO Dimon sees economic turbulence

JPMorgan Chase topped first-quarter profit estimates on Friday, driven by record equities trading and higher fees from debt underwriting and merger advisory.

11/04 More than 2,600 US Energy Dept staffers accept second offer to resign, sources say

More than 2,600 U.S. Department of Energy staffers have opted to take the Trump administration's second round of resignation offers, two sources said on Thursday, with offices on power grid stability and loans for high-tech energy projects hit hard.

09/04 Explainer: What is PISCES and can it herald a UK capital markets revolution?

Britain's Financial Conduct Authority (FCA) has set out proposals for a new platform - The Private Intermittent Securities and Capital Exchange System (PISCES) - to enable trading of shares in private companies.

09/04 Banks to battle exchanges for fees on Britain's new private share trading platform

Britain's hopes of an equity capital market revival are weighing heavily on a secondary share trading platform that is sowing discord in the finance sector months before its launch.

08/04 How the oil price plunge complicates Saudi Arabia's economic agenda

Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after a plunge in crude prices, complicating plans to fund an ambitious agenda to diversify its economy.

07/04 JPMorgan CEO Dimon warns tariffs could slow US growth, fuel inflation

JPMorgan Chase CEO Jamie Dimon cautioned investors that the turmoil caused by U.S. tariffs and a global trade war could slow growth in the world's largest economy, spur inflation and potentially lead to lasting negative consequences.

04/04 Exclusive: Official creditors grant Ethiopia more time to pay debt, no write-down

Ethiopia's official creditors expect to finalise within months a draft debt restructuring that gives the government more time to pay but stops short of an outright haircut, the co-chair of the group told Reuters.

01/04 US Education Department closure imperils law school finances, deans say

The Trump administration’s recent moves to shutter the U.S. Department of Education and shift management of the $1.6 trillion federal student loan program to the Small Business Administration threaten to disrupt the flow of money vital to law school operations, deans and other legal education experts said.

31/03 Northvolt bankruptcy trustee secures agreement for scaled-down operation

Northvolt's bankruptcy trustee said on Monday it had reached an agreement in principle with key stakeholders in the electric vehicle battery maker for financial guarantees allowing the company to maintain a scaled-down continuation of operations.

27/03 Argentina targets $20 bln IMF deal as markets wobble

Argentina is targeting a $20 billion deal with the International Monetary Fund, Economy Minister Luis Caputo said on Thursday, formally putting a figure on the long-mooted program for the first time as he looks to calm local market jitters.

27/03 Is Britain on the cusp of another multibillion-pound consumer finance scandal?

The Supreme Court of the United Kingdom will on Tuesday hear arguments to overturn a judgment that could cost Britain's financial industry billions of pounds in fresh legal costs and potential customer compensation.

25/03 Exclusive: Aunt of Trafigura's Mongolia boss ran main partner firm

Trafigura's top executive in Mongolia, who has been suspended while a billion-dollar fraud scheme at the Swiss trading house is investigated, loaned over $500 million of Trafigura’s money to a firm owned by his aunt, Reuters has found.

21/03 US Small Business Administration to cut 2,700 jobs

The U.S. government agency that provides loans and help to millions of small businesses across America, the engine room of the country's economy, said on Friday it will eliminate over 40 percent of its staff.

21/03 France to replace EDF boss ahead of nuclear buildout

France is overhauling the leadership at state-owned utility EDF, as the heavily indebted company gears up to build six new nuclear reactors for the country while struggling to sign up long-term customers for its power.

20/03 Berlin debt splurge turns screws on flagging German property

Berlin's borrow-to-spend splurge is driving up borrowing costs, further choking embattled property companies seeking fresh loans and threatening to compound the country's wider economic woes.

09/03 China rolls over $2 billion loan to Pakistan

China rolled over a $2 billion loan to Pakistan, the adviser to the finance minister of Pakistan, Khurram Schehzad, told Reuters in a text message on Saturday.

24/01 Wall Street banks prepare sale of up to $3 billion in X loans next week, sources say

Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said on Friday.

24/01 China cenbank conducts medium-term loan operation, rate unchanged

China's central bank conducted a medium-term loan operation on Friday and left the interest rate unchanged.

22/01 Meta backs data analytics firm Databricks as AI boom attracts investors

Databricks said on Wednesday Meta Platforms had joined as an investor in a $10 billion funding round intended to fuel the data analytics startup's expansion plans and new product development.

22/01 New York obtains $1.065 billion judgment against accused predatory lender

New York Attorney General Letitia James said on Wednesday her office obtained a $1.065 billion judgment against Yellowstone Capital, a cash advance provider accused of predatory lending, as part of a settlement that gives small businesses more than a half-billion dollars of debt relief.

22/01 Carbon markets investor kicks off $1.5 billion Amazon protection plan in Davos

A carbon markets investor backed by Swiss-trading house Mercuria said on Wednesday it had joined with two non-profits to raise an initial $1.5 billion to help protect the Amazon, by working with Brazilian states, farmers and local communities.

20/01 China leaves benchmark lending rates unchanged

China left benchmark lending rates unchanged at the monthly fixing on Monday, as a weakening yuan has limited Beijing's monetary easing efforts.

16/01 Morgan Stanley's profit more than doubles on boost from dealmaking, stock sales

Morgan Stanley's profit more than doubled in the fourth quarter, fueled by a wave of dealmaking and stock sales that drove its revenue to a full-year record.

16/01 US announces nearly $23 billion in loans to energy utilities across 12 states

The U.S. Energy Department's loan office on Thursday announced $22.92 billion in conditional financing for several energy utilities across a dozen states.

15/01 Profits at Wall Street banks jump with trading strength, dealmaking rebound

Profits at some of the biggest U.S. lenders rose in the fourth quarter as dealmaking picked up and trading was boosted by strong equity markets, sparking a rally in banking stocks on Wednesday.

15/01 Canadian home sales fall in December; up 10% in fourth quarter

Canadian home sales took a breather in December but were still 10% higher in the fourth quarter compared to the third quarter as the Bank of Canada cut borrowing costs, data from the Canadian Real Estate Association (CREA) showed on Wednesday.

15/01 JPMorgan earns biggest-ever annual profit as investment bankers ride rebound

JPMorgan Chase on Wednesday posted record annual profit as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter.

08/01 Industry groups sue over Biden ban on medical debt from credit reports

Two groups representing the credit reporting and credit union industries have filed a lawsuit challenging a new rule adopted by U.S. President Joe Biden's outgoing administration banning the inclusion of medical debt in American consumers' credit reports.

23/12 Lithium Americas and GM close joint venture for Thacker Pass mine

Lithium Americas said on Monday it has closed its joint venture with U.S. automaker General Motors to develop the Thacker Pass lithium mine in Nevada.

21/12 France's Macron backs Ethiopia's debt restructuring efforts

French President Emmanuel Macron expressed full support on Saturday for Ethiopia's debt restructuring efforts, emphasising the need for a swift resolution "in the coming weeks".

21/12 Biden cancels another $4.28 billion in student loans

Nearly 5 million people have been approved for relief, the Education Department said.

19/12 El Salvador says it will keep buying bitcoin despite IMF warning

El Salvador said on Thursday it would keep buying bitcoin, possibly at an accelerated pace, a day after the government reached a financing agreement with the International Monetary Fund that had said it should limit its exposure to the cryptocurrency.

18/12 US watchdog recommends Energy Department halt loans to green projects

The inspector general of the U.S. Department of Energy urged the agency's loan office to immediately halt issuing billions of dollars in loans to green projects, saying contractors who vet them may be serving both the agency and potential borrowers.

17/12 Britain's Thames Water seeks debt lifeline approval in High Court

Britain's Thames Water will attempt to convince a court on Tuesday to approve a 3 billion pound ($3.8 billion) lifeline, one of several hurdles it must clear to avoid nationalisation.

16/12 Canadian housing starts rise more than expected in November

Canadian housing starts rose 8% in November, beating market expectations, driven primarily by multi-unit starts in Quebec, Alberta and British Columbia, data from the national housing agency showed on Monday.

14/12 IMF to release $182 mln to Rwanda after latest board reviews

The International Monetary Fund has said it will release $181.7 million in funds to Rwanda after its executive board concluded reviews of the country's support programmes.

09/12 China's Nov bank lending seen doubling as stimulus kicks in

China's new yuan loans are expected to have almost doubled in November from October, a Reuters poll showed on Monday, demonstrating firmer credit demand as Beijing's recent efforts to prop up economic growth lift confidence.

07/12 US judge won't revive rule capping credit card late fees at $8

A federal judge in Texas rejected on Friday a request by the Consumer Financial Protection Bureau to lift an order that has blocked a new U.S. regulation capping credit card late fees at $8, a policy challenged by business and banking groups.

06/12 Investment banks eye 2025 income boom as Trump drives deal rebound

President-elect Donald Trump's return to the White House is seen fuelling a dealmaking revival that could bolster investment banking income to $316 billion globally next year, a jump of about 5.7% on 2024, data seen by Reuters shows.

05/12 Exclusive: Rising costs squeeze intermediaries out of thriving Russian oil trade with India

Three trading houses have become dominant sellers of Russian oil to India as many smaller players dropped out of the business due to high funding costs in Russia and lack of access to Western funds, according to data and six trading sources.

04/12 Biden visits Angolan port city of Lobito to tout railway plans

U.S. President Joe Biden arrived in the Angolan port city of Lobito on Wednesday, the last day of a trip to Africa, to tout a plan to extend a railway that could channel critical minerals from Congo to the West.

04/12 BlackRock targets private credit growth with $12 billion HPS acquisition

BlackRock will buy private credit firm HPS Investment Partners for about $12 billion in an all-stock deal, the companies said on Tuesday, as the world's largest asset manager seeks to expand in a red-hot market.

03/12 Taiwan's President Lai in Marshall Islands on first overseas state visit

Taiwan President Lai Ching-te arrived on an official visit to the Marshall Islands on Tuesday, which he said was the first country he had visited since taking office in May, as part of a Pacific tour of diplomatic allies.

27/11 Exclusive: France is weighing zero-interest loan for 6 nuclear reactors, sources say

French officials are drawing up plans to provide an interest-free loan to state-owned power utility EDF to finance a significant portion of the construction of six new nuclear reactors, two people familiar with the matter said.

26/11 Ghana's battered local bond market casts shadow over growth rebound

Ghana's economy is growing again, two years after a painful economic crisis pushed it into default, but repercussions from a local debt restructuring are casting a shadow over its longer-term recovery.

26/11 Rivian gets $6.6 bln conditional loan approval to build Georgia EV plant

Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build the electric vehicle maker's production facility in Georgia.

25/11 Australia watchdog, wary of slowing job market, maintains tight home loan rule

Australia's banking regulator on Monday said it would retain a 3% serviceability buffer for home loan lending because of high household debt, persistent cost-of-living pressures, a pickup in credit growth and weakening job market.

24/11 US development agency 'assessing ramifications' on Adani's Sri Lanka project

The group had agreed to lend $550 million to develop a port.

23/11 COP29 agrees deal to kick-start global carbon credit trading

The agreement hinged on how to ensure credibility in the system so it can lead to reductions in greenhouse-gas emissions that are changing the climate.

22/11 China says it is willing to talk with US to push forward bilateral trade

China is willing to conduct active dialogue with the United States based on the principles of mutual respect and promote the development of bilateral economic and trade relations, vice commerce minister Wang Shouwen said on Friday.

22/11 Northvolt goes from Europe battery promise to crisis

Sweden's Northvolt said on Thursday it will seek U.S. Chapter 11 bankruptcy protection as the cash-strapped battery start-up seeks to sort out its finances.

22/11 Canada will not offer additional funding to Northvolt, government source says

Canada does not plan to invest anymore in Swedish electric-vehicle battery maker Northvolt in light of its bankruptcy filing in the United States on Thursday, a Canadian government source said.

21/11 Northvolt files for Chapter 11 bankruptcy in US, secures financing

Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the U.S., and said it has secured $100 million in new financing for the process.

21/11 Key events in Gautam Adani's US indictment over alleged bribery scheme

Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for his alleged role in a $265 million bribery scheme in India, plunging his conglomerate deep into crisis for the second time in two years.

21/11 Cambodia's flagship canal in hot water as China funding dries up

At a ceremony in August, Cambodia's leader Hun Manet knelt to receive blessings from saffron-robed monks as fireworks and balloons heralded the breaking of ground for a canal he hopes will transform his country's economic fortunes.

20/11 Trump to unleash nearly 40% tariffs on China in early 2025, hitting growth: Reuters poll

The United States could impose nearly 40% tariffs on imports from China early next year, a Reuters poll of economists showed, potentially slicing growth in the world's second-biggest economy by up to 1 percentage point.

20/11 China leaves lending benchmark LPRs unchanged, as expected

China left benchmark lending rates unchanged at the monthly fixing on Wednesday, after lenders slashed the rates by higher-than-expected margins last month to revive economic activity.

20/11 Clinton, Yellen to back US community lending fund as Trump seeks spending cuts

Former President Bill Clinton will return to the U.S. Treasury Department for the first time in nearly 25 years on Thursday to mark the 30th anniversary of a community lending fund launched during his presidency but which could be put at risk by President-elect Donald Trump's new government efficiency body.

19/11 How development banks are failing to attract enough private money to climate fight

As officials from around the world strive this week to reach a deal on funding for poorer countries to tackle climate change, investment manager Rob Drijkoningen is the sort of person they're hoping will help get them there.

19/11 Trafigura hunts missing $500 million in Mongolian fuel fraud, trading sources say

Swiss trading house Trafigura is trying to track down $500 million in Mongolia following a year-long probe of staff and associates over a billion-dollar fraud scheme at its local fuel supply business, according to three trading sources familiar with the case.

18/11 Canadian housing starts rise 8% in October

Canadian housing starts in October rose by 8% versus the previous month as groundbreaking increased on multi-unit and single-family detached homes, data from the national housing agency showed on Monday.

16/11 IMF, Pakistan wrap up unscheduled talks on $7 bln bailout

The International Monetary Fund (IMF) said on Friday it held constructive talks with authorities in Pakistan on economic policy and reform efforts to reduce vulnerabilities during an unscheduled staff visit.

15/11 Musk's political ascendancy stirs hopes of redemption for X banks

The billionaire's Trump ties has some Wall Street banks are hoping they may soon be able to offload $13 billion of debt that backed his purchase of social media platform X, sources say

15/11 Crisis-era regulation has 'gone too far', UK's Reeves tells finance sector

Finance minister Rachel Reeves on Thursday promised a reboot of regulation governing Britain's "crown jewel" financial industry, which she said has shackled the City's prospects since the global financial crisis and stifled British economic growth.

14/11 Exclusive: Russian Railways expects interest costs to hit $7 bln in 2025

Russian Railways expects its interest payment costs to hit $7 billion next year, suggesting a rise of around $4 billion, a company document seen by Reuters shows, as businesses and the government blame high rates for slowing investment growth.

14/11 COP29 climate talks urged to find $1 trillion a year for poorer countries

Experts said poor states need at least $1 trillion per year by the end of the decade to move to greener energy and protect against extreme weather.

14/11 Sri Lanka election: President Anura Kumara Dissanayake seeks increased parliamentary strength

Sri Lanka holds a snap election on Thursday which will determine if the South Asian island nation wants to empower its new, leftist President Anura Kumara Dissanayake to push his anti-poverty policies as it recovers from a financial meltdown.

13/11 UK finance firms seek 'bold' reforms to counter Wall St ascendancy

Britain's finance sector is counting on policymakers to deliver a rulebook revamp that prioritises growth and stops business slipping away to global rivals, amid fresh challenges to London's financial superpower status.

13/11 Finance and business deals announced at COP29 climate talks

The latest round of global climate talks in Baku, Azerbaijan, has drawn in 60,000 delegates, including many from the worlds of business and finance.

13/11 China unveils new tax incentives to revive struggling property sector

China on Wednesday unveiled tax incentives to support the ailing property sector, which will take effect from Dec. 1 this year, according to a finance ministry statement.

09/11 The world’s biggest volcano expected to erupt - and it’s not Yellowstone

The world's biggest active volcano spans approximately 2,000 square miles and ascends about 13,600 feet above sea level - and it's not Yellowstone.

07/11 Exclusive: Washington seals $475 million loan for battery recycler Li-Cycle ahead of Trump's arrival

The U.S. Department of Energy on Thursday finalized a $475 million loan for Li-Cycle Holdings , giving the metals recycler a financial lifeline to build a New York battery processing facility seen as key to outgoing President Joe Biden's vision for a domestic electric vehicle supply chain.

06/11 Exclusive: JPMorgan CEO Dimon to remain at bank and has no plans to join Trump administration, source says

JPMorgan Chase CEO Jamie Dimon will remain at the bank and has no plans to join Donald Trump's administration despite questions about whether he would take a senior government role after the U.S. presidential election, a source said.

05/11 Spanish police seek DNA samples for missing, as PM Sanchez offers rescue package to flood victims

Spain's national guard on Tuesday asked relatives of people missing in deadly floods to provide DNA samples to identify bodies, as Prime Minister Pedro Sanchez said he was earmarking 10.6 billion euros ($11.6 billion) to help victims.

05/11 New Zealand central bank paints grim economic outlook

New Zealand's central bank painted a bleak economic picture on Tuesday, citing rising unemployment and delayed business investment plans due to financial hardships.

01/11 Environmentalists sue over US approval of ioneer's Nevada lithium mine

Environmental and Indigenous groups on Thursday filed a lawsuit challenging the U.S. Interior Department's approval of ioneer's Rhyolite Ridge lithium mine in Nevada, the first domestic source of the battery metal to be permitted by Democratic President Joe Biden's administration.

31/10 California, major airlines to work to boost sustainable aviation fuel use

The state of California and a group representing major U.S. passenger and cargo airlines said on Wednesday they had reached an agreement to sharply boost the use of sustainable aviation fuel.

28/10 US regional banks with Florida operations brace for hurricane fallout

Several regional lenders allocated loan-loss provisions in the third quarter to cover potential defaults by borrowers grappling with recent hurricanes, primarily in Florida, highlighting the risks extreme weather and climate change pose to banks.

26/10 G7 leaders agree on how to deliver around $50 billion in loans to Ukraine

Leaders of the Group of Seven wealthy nations have reached consensus on how to deliver around $50 billion in loans to Ukraine backed by the earnings from frozen Russian sovereign assets, a statement said on Friday.

24/10 Wells Fargo may lose $2 billion to $3 billion on its CRE office loan portfolio, CEO says

Wells Fargo Chief Executive Officer Charlie Scharf said on Thursday that the U.S. lender may lose $2 billion to $3 billion on its commercial real estate office loan portfolio.

23/10 New York probing legality of Capital One-Discover merger

New York Attorney General Letitia James is investigating whether Capital One's proposed $35.3 billion takeover of Discover Financial Services violates the state's antitrust law.

23/10 US govt wants half of its $20 billion loan to Ukraine to be military aid

The Biden administration is trying to provide Ukraine with $10 billion in military aid as part of its $20 billion commitment to the country under a $50 billion loan coordinated with the G7 and European Union, the White House National Security Council said on Wednesday.

22/10 US, G7 allies 'very close' to finalizing $50 billion Ukraine loan, Yellen says

U.S. Treasury Secretary Janet Yellen said on Tuesday that G7 and European Union allies are "very close" to finalizing a $50 billion loan to Ukraine backed by frozen Russian assets, with an expected U.S. contribution of about $20 billion.

21/10 Spirit Airlines shares jump 46% on extension to debt refinancing deadline

Shares of Spirit Airlines surged as much as 46% on Monday after the ultra low-cost carrier reached a deal with its credit card processor to extend a debt refinancing deadline by two months until Dec. 23.

21/10 China's listed companies rush to tap central bank funding for share purchases

More than 20 Chinese listed companies have announced plans to tap special central bank lending for share purchases, according to exchange filings, days after the People's Bank of China (PBOC) kicked off the $42 billion funding scheme.

21/10 President Sisi warns regional troubles may force Egypt to re-evaluate IMF accord

President Abdel Fattah al-Sisi warned on Sunday Egypt may be forced to re-evaluate its $8 billion programme with the IMF if international institutions do not take into account the extraordinary regional challenges the country is facing.

26/09 The incredible 16-mile tall volcano bigger than Everest and ‘as wide as France'

The largest volcano in the solar system, Olympus Mons, is three times as high as Everest, as wide as France and may still be active with the potential to erupt.

11/09 IMF, Ukraine reach deal that would give it access to some $1.1 bln

The International Monetary Fund said on Tuesday it had reached a preliminary agreement with Ukraine that would give the war-torn country access to about $1.1 billion in financial assistance.

11/09 At China's Zhongzhi, risky practices preceded shadow bank's collapse

Zhongzhi Enterprise Group, a former leader of China's shadow banking sector that declared insolvency last year, used aggressive and potentially illegal sales practices to sustain its operations as it lurched toward collapse, according to records reviewed by Reuters and eight people with direct knowledge of the matter.

11/09 Breakingviews - China's banks have a nasty case of indigestion

China's financial sector has serious heartburn. For decades, Beijing has leaned on its state-controlled banks to turbo-charge growth by extending credit. But lenders are now clogged with risky assets. The result is something like indigestion: not critical, but painful for the $17 trillion economy.

06/09 ADB to devote half its lending to climate finance by 2030

The Asian Development Bank said on Friday it approved a new goal to devote 50% of its annual lending to climate finance by 2030 and boost private sector capital mobilization as part of a sweeping strategy update for the rest of the decade.

05/09 Fed seeks feedback on emergency lending operations

The Federal Reserve said on Thursday it was seeking feedback on how it operates its "discount window," which is intended to provide emergency lending to banks in times of stress.

05/09 Piedmont Lithium pulls US government loan application as prices slump

Piedmont Lithium has pulled its application for a debt package from a popular U.S. government loan program and is scaling back ambitious expansion plans across two continents, as tumbling prices of the electric vehicle battery metal force the U.S. miner to conserve cash.

05/09 Falling rates offers scant shelter from property storm

Global property markets, rattled by the steepest rise in interest rates in a generation, will get little relief from the gradual easing of borrowing costs, with scant hope of a return to the free money that fuelled a boom.

04/09 China to 'revitalise' ageing railway linking Zambia, Tanzania

China, Tanzania and Zambia signed an initial agreement to rehabilitate a decades-old railway aimed at improving the rail-sea transportation in resource-rich East Africa, Chinese state media said on Wednesday.

03/09 IMF to send first mission to Russia since Ukraine invasion

The IMF will become the first major international financial body to send its official mission to Russia since the invasion of Ukraine in February 2022, Aleksei Mozhin, the IMF's Russian executive director, told Reuters on Tuesday.

03/09 Libya factions agree to appoint central bank governor in bid to ease crisis

The legislative bodies representing Libya's two warring regions agreed on Tuesday to appoint jointly a central bank governor, potentially defusing a battle for control of the country's oil revenue that has slashed production.

01/09 China to pitch green tech exports to African leaders as Western curbs loom

China will urge a summit of 50 African nations in Beijing this week to take more of its goods, before Western curbs kick in on its exports such as electric vehicles and solar panels, in exchange for more pledges of loans and investment.

01/09 China new home prices rise more slowly in August, survey shows

Prices of new homes in China rose at slower pace in August, a private survey showed on Sunday, as the crisis-hit property sector struggles to find its bottom after a slew of supportive policies.

26/08 China central bank rolls over maturing loans, injects cash

China's central bank rolled over maturing medium-term loans and injected cash through its liquidity instruments on Monday, underlining market expectations for further easing as the economy struggles to gain traction.

23/08 Harris adviser Deese calls for Marshall Plan on clean energy

Brian Deese, an economic adviser for Vice President Kamala Harris' presidential campaign, called on Thursday for an economic program to loan allies money to buy U.S. green energy technologies as part of a wider strategy intended to fight climate change.

21/08 New Jersey Governor Phil Murphy forgives $100 mln in medical debt

Nearly 50,000 people in New Jersey will have $100 million in medical debt erased, Governor Phil Murphy said on Tuesday, in one of the largest cases of a state providing direct relief to people unable to pay medical bills.

20/08 Wells Fargo to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont

Wells Fargo on Tuesday agreed to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont, a move that will make the firm the largest servicer of commercial real estate securitized debt in the United States.

14/08 No respite for Chinese officials as economy shows new signs of weakness

A recent string of dismal indicators have dulled expectations for China's economic performance in July, in an ominous sign for the rest of 2024 and pointing to the need for more stimulus measures beyond plastering over pain points in the world's second-largest economy.

14/08 US junk debt investors cautious of leveraged loans as economy slows

Leveraged loan deals are expected to pick back up after a stabilization in markets over the past week, although some investors say they are cautious about junk-rated loans if the economy weakens.

11/08 China central bank says it will increase treasury bond trading

The PBOC also will seek to lower companies' financing and household-credit costs.

06/08 World Bank says assessing impact of Bangladesh events on its loan program

The World Bank on Monday said it was assessing the impact of events in Bangladesh on its loan program with the country after its Prime Minister Sheikh Hasina resigned and fled.

05/08 US banks report best loan demand in 2 years, Fed survey shows

U.S. banks reported unchanged demand for commercial and industrial loans in the second quarter, the first time in two years that demand did not weaken, a Federal Reserve survey of senior loan officers published on Monday showed. Fed officials had the survey results in hand last week when they left the U.S. central bank's policy rate in the 5.25%-5.50% range while flagging a possible interest-rate

12/07 Wall Street banks see investment banking improvement, with some caution

Wall Street banks reported a healthier pipeline for deals and a jump in investment banking activity in quarterly earnings on Friday, but also cited some headwinds and reasons for caution.

12/07 JPMorgan profit jumps on higher investment banking fees, accounting gain

JPMorgan Chase reported a 25% rise in second-quarter profit on Friday, buoyed by rising investment banking fees and an accounting gain of about $8 billion from a share exchange deal with Visa.

12/07 Large distressed Hong Kong realty deals set to rise

Higher-for-longer interest costs and ample retail and office vacancies have pushed the sales of distressed investment properties in Hong Kong higher in the second quarter, a trend realtors expect to continue in an already tepid real estate market.

11/07 JPMorgan aims to amass 15% of US consumer deposits, boost credit card share

The biggest U.S. bank wants to get even bigger.

11/07 Why does China's central bank have a new cash management tool?

China's central bank introduced a new cash management tool this week in the form of temporary bond repurchase (repo) agreements and reverse repos, adding to its various open market operations and creating what could become an important interest rate indicator.

08/07 China's central bank tweaks liquidity operations amid strong bond demand

China's central bank said on Monday it would start conducting temporary bond repurchase agreements or reverse repos to make open market operations more efficient and keep banking system liquidity ample.

02/07 Ukraine eyes debt deal before deadline, seeks to add GDP warrants, sources say

Ukraine told investors it still expects to succeed in its unprecedented aim of restructuring debt in the middle of a war before payment moratoriums expire by Aug. 1, according to two sources who joined a call with the Finance Ministry on Monday.

02/07 US court allows part of Biden student debt relief plan to resume

A U.S. appeals court allowed President Joe Biden's administration to move forward with implementing a key part of a new student debt relief plan designed to lower monthly payments for millions of Americans.

29/06 IMF board approves $360 mln payout to Ghana after second review

The International Monetary Fund's executive board approved the second review of Ghana's $3 billion loan programme on Friday, allowing for the immediate disbursement of around $360 million, the Fund said.

28/06 Kenya's tax-bill turmoil complicates IMF cash, could boost borrowing costs

The violent unrest that forced Kenya's president to withdraw support for a finance bill has left the country's efforts to meet International Monetary Fund targets in doubt and could make borrowing most costly, investors and analysts said.

26/06 Wealthy nation creditor club sees tide shifting as debt defaults peter out

The debt crisis risk that has overshadowed the global economy for four years is beginning to recede, the Paris Club of rich creditor nations said in its 2023 annual report on Wednesday.

25/06 US judges block parts of key Biden student debt plan

Two federal judges in Kansas and Missouri on Monday sided with several Republican-led states and partially blocked Democratic President Joe Biden's administration from moving forward with a key student debt relief initiative that would cost billions of dollars.

20/06 China leaves benchmark rates steady as PBOC walks tight rope

China left benchmark lending rates unchanged at a monthly fixing on Thursday, in line with market expectations.

19/06 Exclusive: Kaisa chairman returns to Shenzhen to meet regulators, sources say

The chairman of defaulted Chinese developer Kaisa Group returned to mainland China from Hong Kong for the first time in almost a decade to get regulatory approval for an offshore debt restructuring, two sources familiar with the matter said.

18/06 Brazil's PetroRio in talks for Petrobas offshore fields; shares soar

Brazilian state-run oil company Petrobras has selected a consortium led by PetroRio SA for bilateral talks over the sale of its Albacora and Albacora Leste offshore oil fields, both companies said on Friday.

17/06 Apple to discontinue 'buy now, pay later' service in US as it plans new loan program

Apple on Monday said it will discontinue its "buy now, pay later" (BNPL) service in the United States as it launches a new loan program.

17/06 China cbank leaves key policy rate unchanged as expected

China's central bank left a key policy rate unchanged as expected on Monday when rolling over maturing medium-term loans, and drained some funds from the banking system.

15/06 Italy's Meloni shows her arch-conservative credentials at G7 summit

Since taking office in 2022, Italian Prime Minister Giorgia Meloni has proved a pragmatic partner on major international issues, assuaging fears she would be a dogmatic conservative unwilling to compromise.

14/06 Explainer: What is the G7's $50 billion loan plan for Ukraine?

The Group of Seven rich democracies have agreed to use proceeds from frozen Russian assets to give Ukraine $50 billion in loans, aiming to ensure Kyiv can continue its fight against Russia's invasion and to signal Western resolve to Moscow.

14/06 World Bank approves Nigeria's $2.25 billion loan request

The World Bank has approved a total of $2.25 billion loan for Nigeria to help stabilise its economy following reforms and scale up support for the poor, it said in a statement on Thursday.

14/06 China to dominate final day of G7, Pope to lead AI discussions

Group of Seven (G7) leaders hold a final day of talks at their annual summit on Friday, with China topping the agenda before Pope Francis puts in a historic appearance to discuss artificial intelligence (AI).

13/06 Biden will sign new security agreement with Ukraine during G7 summit

U.S. President Joe Biden will sign a new security agreement with Ukraine on Thursday to pledge America's long-term support to the country, during his meeting with leaders of the Group of Seven democracies in Italy, a top U.S. official said.

12/06 UBS market strength puts Swiss industry on edge

UBS's takeover of Credit Suisse has fed a creeping anxiety that Swiss companies will pay a price for the enlarged bank's outsize market strength.

10/06 China's home de-stocking push to bring developers little cheer

China's efforts to clear massive inventory by turning unsold homes into affordable housing are unlikely to help cash-strapped developers due to the programme's limited size and potentially low prices, analysts and developers say.

07/06 Exclusive: Major world economies seek to halt new private sector coal financing

Some of the world's major economies want to finalise a plan ahead of this year's U.N. climate summit to halt new private sector funding for coal projects, five sources with direct knowledge of the matter told Reuters.

06/06 IMF says Ukraine debt talks 'on track,' board to consider disbursement soon

Ukraine's debt restructuring talks with bondholders and other creditors are 'on track,' with discussions continuing, International Monetary Fund spokesperson Julie Kozack said on Thursday.

25/05 Yellen says Ukraine loan plan has support, more work needed

U.S. Treasury Secretary Janet Yellen said on Saturday that a loan for Ukraine backed by the income from frozen Russian sovereign assets is the main option for G7 leaders to consider in June, but added that she doesn't want to "take anything off the table as a future possibility."

24/05 G7 finance summit kicks off seeking unity on Ukraine, China

Finance chiefs from the Group of Seven industrial democracies began a two-day meeting in Italy on Friday seeking to present a common front on the need to provide a loan to Ukraine and oppose China's "unfair" industrial policies.

20/05 JPMorgan expects rising interest income while citing economic risks

JPMorgan Chase predicted it would earn more income from elevated U.S. interest rates despite uncertainty hanging over the economy, executives said at the bank's investor day on Monday.

17/05 Bank of America to buy WaFd's multi-family loan portfolio for $2.9 bln

Washington Federal Bank agreed on Friday to sell a portfolio of commercial multi-family real estate loans to Bank of America for about $2.9 billion, helping the regional lender cut its exposure to the troubled sector.

17/05 China expected to stand pat on lending rates in May

China is widely expected to hold benchmark lending rates steady on Monday, a Reuters survey showed, although expectations are growing for a cut in the mortgage reference rate as the authorities scramble to boost housing.

17/05 China to let local governments buy homes, cut mortgage rates to revive property sector

China will allow local government authorities to buy some homes at "reasonable" prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing policy on Friday, the official news agency, Xinhua, said.

17/05 Country Garden's Hong Kong liquidation hearing adjourned

A Hong Kong court adjourned to June 11 a hearing of a petition on Friday seeking liquidation of Country Garden , providing a breather to the embattled Chinese developer amid Beijing's efforts to revive the crisis-hit property sector.

17/05 Exclusive: Vietnam forfeits billions of dollars in foreign aid amid anti-graft freeze, document says

Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government in a letter seen by Reuters.

16/05 JPMorgan investors weigh CEO Dimon's strategy, succession after record year

With JPMorgan Chase coming off a year of record profits, investors are eager to learn about the firm's succession plans, investments in artificial intelligence and opportunities beyond traditional banking.

15/05 Global corporate defaults doubled from March to April, S&P finds

Global corporate debt defaults more than doubled in April from March to their highest monthly tally since October 2020, according to a report from S&P Global Ratings.

15/05 NYCB shares rise as $5 bln loan sale to JPMorgan bolsters liquidity

New York Community Bancorp's shares rose about 3% before the bell on Wednesday after the lender agreed to sell a portfolio of about $5 billion in mortgage warehouse loans to JPMorgan Chase .

14/05 China's property 'whitelist' lifeline stutters amid sector gloom

When China's local governments began compiling a "whitelist" of housing projects for loans earlier this year, troubled developers hoped it would open a spigot of credit for a sector that remains a major stumbling block to a broad economic revival.

14/05 Big-name funds pile into real estate debt as banks retreat

Some of the world's largest investors are making deeper inroads into lending to commercial property, as they snap up market share from retreating banks and bet on an end to the sharp drops in real estate prices.

14/05 IMF staff, Argentina agree loan review to help unlock $800 million

Staff of the International Monetary Fund (IMF) and Argentine authorities have reached an agreement on the eighth review of the country's $44 billion extended fund facility arrangement, as reforms under President Javier Milei have improved macroeconomic stability, the IMF said on Monday.

13/05 European banks' Goldilocks rally tempts back buyers... and bears

Investors are racing back into European bank stocks after a surprisingly upbeat earnings season, pushing their shares to multi-year highs, but the bounce has also lured short sellers betting that the optimism is unlikely to last.

11/05 In the Market: Financiers fret over 'leverage on leverage' in private credit

To some elite financiers who gathered in Los Angeles for the Milken Institute conference, a debt binge in private markets is reminding them of the go-go days of risk-taking before the 2008 financial crisis.

11/05 US judge halts rule capping credit card late fees at $8

A federal judge in Texas on Friday halted the Consumer Financial Protection Bureau's new rule capping credit card late fees at $8, a victory for business and banking groups challenging part of the Biden administration's crackdown on "junk fees."

10/05 US banks face climate risk data challenges, Fed analysis shows

U.S. banks face significant data and modeling challenges in predicting the impact of climate change on their loan books, the Federal Reserve said on Thursday after its first analysis on the issue.

07/05 Bankrupt Steward Health puts its hospitals up for sale, discloses $9 bln in debt

Bankrupt Steward Health Care has put all of its 31 U.S. hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its attorneys said at a Tuesday court hearing in Houston.

06/05 U.S. hospital network Steward files for bankruptcy, aims for new loan

Steward Health, which operates 30 hospitals in nine U.S. states, filed for Chapter 11 bankruptcy in Texas on Monday, aiming to secure a new loan from its landlord Medical Properties Trust .

04/05 Fitch revises Egypt's outlook to positive on reduced external financing risks

Global ratings agency Fitch revised Egypt's outlook to positive from stable on Friday.

01/05 Exclusive: Citigroup sees loan book hit in climate action ramp-up, document shows

Citigroup could suffer billions of dollars of losses in its loan book if the world sped up efforts to tackle climate change, according to a confidential analysis prepared by the U.S. bank that was reviewed by Reuters.

30/04 Strained Chinese cities struggle to pay home buying subsidies

Amy Wang was counting on a 100,000 yuan ($13,800) subsidy promised by authorities in the eastern Chinese city of Weifang to fit and furnish an apartment she bought two years ago. Still waiting for the money, she is yet to move in.

23/04 JPMorgan CEO Dimon says US economy is booming

JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances.

22/04 US consumers on lower incomes face loan stress while banks pull back

U.S. borrowers on lower incomes are increasingly struggling to keep up with their loan payments, according to recent data and bank executives, prompting banks to become more cautious about dishing out credit cards and car loans.

22/04 Macquarie's banking unit to stop new car loans to focus on mortgage growth

Australian financial conglomerate Macquarie Group said on Monday its banking and financial services unit will stop new car loans through direct, broker and novated lease channels in a bid to prioritise growth of home loan and deposit offerings.

22/04 China leaves benchmark lending rates unchanged

China left benchmark lending rates unchanged at a monthly fixing on Monday, in line with market expectations.

21/04 Ghana finance minister expects MoU with bilateral lenders in May

Ghana's Finance Minister expects a draft Memorandum of Understanding (MoU) from the country's bilateral creditors in May on a restructuring deal, he said on Sunday.

18/04 'Amazonia' bonds in 2024 seen a tough sell for some

A political push to raise the first-ever "Amazonia Bond" has ramped up during talks to agree a "roadmap", yet the chance of a deal this year faces technical hurdles and scepticism among some of those tasked with managing the debt, sources told Reuters.

17/04 Canada to give Indigenous groups loan guarantees for resource projects

Canada will provide up to C$5 billion ($3.6 billion) in loan guarantees to help Indigenous groups invest in natural resource projects, the Liberal government said in its annual budget on Tuesday.

16/04 Yellen says US working to mitigate risks to global economy

U.S. Treasury Secretary Janet Yellen on Tuesday said a stronger-than-expected U.S. economic growth had helped power the global economy, and Washington was working to mitigate remaining risks to the global outlook and ensure sustainable long-term growth.

15/04 China c.bank keeps policy rate unchanged, drains cash from banking system

China's central bank on Monday left a key policy interest rate unchanged as widely expected when rolling over maturing medium-term loans, and drained some cash from the banking system through the bond instrument.

14/04 Spanish drug maker Grifols will bring in independent directors, chairman tells newspaper

Spanish drug maker Grifols , battling a plunge in its share price this year, plans to add independent directors to its audit and compensation committees to improve its governance, its chairman said in a newspaper interview published on Sunday.

13/04 IMF, Ghana reach staff-level agreement on loan programme review

International Monetary Fund staff and Ghana's authorities have reached an agreement on a second review of the West African country's $3 billion loan programme, the IMF said in a statement on Saturday.

13/04 Less than half of U.S. banks ready to borrow from Fed in emergency

A year after Silicon Valley Bank's failure, less than half of U.S. banks have established borrowing capacity by pledging collateral at the Federal Reserve's emergency lending facility, according to Fed data released on Friday.

12/04 EU pledges Egypt 1 billion euros in financial aid

The EU on Friday said it would provide Egypt with 1 billion euros ($1.07 billion) in short-term financial aid to help stabilise the country's economy.

12/04 JPMorgan profit rises 6% even as interest income forecast falls short of predictions

JPMorgan Chase's profit rose 6% in the first quarter, although its shares dropped after the bank's forecast for its income from interest payments came in below analysts' expectations.

11/04 Breakingviews - Sotheby’s next hot auction: a Picasso-backed bond

Francisco Goya’s Saturn devoured his son; Damien Hirst cut a shark into pieces. Financial markets are similarly keen on slicing and dicing. Now auction house Sotheby’s, owned by French billionaire Patrick Drahi, is bringing investment creativity to the art world by parcelling and selling chunks of loans secured by Picassos and Manets. The avant-garde $500 million securitization could boost art-bac

10/04 Swiss call for change to 'unrealistic' bank liquidity rules

Switzerland called on Wednesday for changes to global measures to prevent liquidity crunches which were introduced after the global financial crisis, to make bank runs less calamitous.

08/04 China's Shimao faces liquidation suit over failure to pay $202 million loan

Shimao Group said on Monday China Construction Bank (Asia) had filed a liquidation lawsuit against the Chinese developer over a financial obligation of HK$1,579.5 million ($201.75 million).

05/04 India's foreign exchange reserves rise for sixth week to record high

India's foreign exchange reserves rose for a sixth straight week to hit a lifetime high of $645.58 billion as of Mar. 29, data from the central bank showed on Friday.

04/04 Ethiopia official creditors to extend deadline for IMF deal, source says

Ethiopia's official international creditors will give the East African nation until the end of June to wrap up talks on IMF support after a prior deadline lapsed, a source close to the Paris Club of creditors said on Wednesday.

03/04 China eases car loan policy for first time since 2018 to boost demand

China's central bank on Wednesday announced revisions to car loans to promote auto trade-ins and scrap government-set minimum down payments for consumers financing new car purchases.

01/04 Japanese banks less reluctant to finance hostile takeovers, lobby chief says

Japanese banks have become less reluctant to finance hostile acquisitions because the government's new takeover guidelines have shaken off the taboo on such deals, Japan's new banking lobby chief said.

30/03 UBS flags commercial real estate downturn as a top risk

UBS flagged on Thursday the downturn in commercial real estate markets as one of the "top and emerging risks" facing the Swiss bank, as higher borrowing costs and a post-pandemic slump in demand for office space hit the sector.

30/03 Texas federal judge blocks updated fair lending rules

A federal judge in Texas on Friday blocked enforcement of new regulations adopted during the Biden administration that sought to overhaul how lenders extend loans and other services to low- and moderate-income Americans.

27/03 US banks face loss risk from multi-family property loan exposure, says Fitch

U.S. banks with significant lending exposure to some multi-family properties and particularly rent-controlled housing are vulnerable to posting losses this year on rising costs facing landlords, according to Fitch Ratings analysts.

27/03 UBS sells $8 billion of Credit Suisse assets to Apollo

UBS has sealed the sale of Credit Suisse's securitised products business to Apollo Global Management as part of efforts to shed non-core assets after its takeover of the collapsed banking group.

25/03 Exclusive: China pushes banks to speed approvals of new loans to private developers, say sources

Chinese regulators are pushing banks to speed up approvals of new loans to cash-starved private property developers, people with knowledge of the matter said, a bid to revive homebuyer sentiment that risks denting lenders' asset quality.

24/03 World Bank to share more data to attract private investors to developing countries

The World Bank will publish more of its proprietary data, including on debt defaults, starting next week as part of a push to attract more private sector investment to developing countries, World Bank President Ajay Banga said.

20/03 Intel clinches nearly $20 billion in awards from Biden to boost US chip output

The Biden administration said it is awarding Intel nearly $20 billion in grants and loans on Wednesday, supercharging the company's domestic semiconductor chip output and marking the government's largest outlay to subsidize leading-edge chip production.

20/03 IMF says it reaches a staff level agreement with Pakistan to disburse $1.1 bln

Pakistan and the International Monetary Fund on Wednesday reached a staff level agreement which, if approved by its board, will disburse $1.1 billion for the debt-ridden South Asian economy, the global lender said.

20/03 China leaves benchmark lending rates unchanged, as expected

China left benchmark lending rates unchanged at a monthly fixing on Wednesday, in line with market expectations, after the central bank kept a key policy rate steady last week amid some signs of improvement in the broad economy.

19/03 Chinese developer Vanke's credit pursuit clouded by clamour for collateral

A rare Beijing directive to help Vanke beat a liquidity crisis has left lenders scrabbling for the assets that the state-backed developer has proposed for collateral, as parties pull out all the stops to arrest deterioration in the property sector.

19/03 China seen leaving benchmark lending rates unchanged in March

China is widely expected to leave benchmark lending rates unchanged on Wednesday, a Reuters survey showed, as the central bank kept a key policy rate steady last week at a time when the broad economy is starting to show some signs of improvement.

17/03 EU to bolster Egypt ties with billions of euros in funding

The European Union announced a 7.4 billion euro ($8.06 billion)funding package and an upgraded relationship with Egypt, part of a push to stem migrant flows to Europe that has been criticised by rights groups.

15/03 Peak rates boost U.S. demand for riskier form of corporate debt

The U.S. market for one of the riskiest types of corporate debt is resurging this year, as companies cater to investor demand for assets that can lock in high yields for several years ahead of an expected decline in interest rates.

15/03 China c.bank leaves key policy rate unchanged, as expected

China's central bank left a key policy rate unchanged while withdrawing cash from a medium-term policy loan operation on Friday, as authorities continued to prioritise currency stability amid uncertainty over the timing of expected Federal Reserve interest rate cuts.

14/03 Private credit ties to banks deepen in Europe as default risk rises

Europe's private credit funds are increasingly borrowing from banks to boost their performance, fuelling concerns about the wider risks posed by this interconnectedness.

13/03 Metro Bank posts smaller annual loss after last-minute rescue package

British lender Metro Bank posted a smaller annual loss on Wednesday, supported by its cost-cutting efforts and as outflows stabilised towards the end of the year after an eleventh-hour capital injection.

11/03 Exclusive: Chinese regulators ask large banks to step up support for Vanke, sources say

Chinese regulators recently met financial institutions to discuss state-backed property developer China Vanke where they asked large banks to enhance financing support and asked private debt holders to discuss maturity extension, two sources said.

09/03 World Bank approves $350 million loan for Costa Rica

The World Bank approved a $350 million loan for Costa Rica to fund infrastructure and climate and disaster resilience projects, the lender said on Friday.

08/03 US small businesses struggle for credit, one year after regional turmoil

Small business owners in the U.S. are struggling to get financing from traditional lenders as the impact of higher rates and bank failures of a year ago linger, holding back business growth for some.

07/03 Nationwide's Virgin swoop reignites UK banking takeover talk

Nationwide's 2.9 billion pound ($3.7 billion) play for Virgin Money is fuelling talk that Britain's biggest banks might pounce on smaller lenders, heralding an M&A watershed as competition to lend reaches new heights.

07/03 U.S. bank profits drop 44% in Q4 as big firms cover failed bank costs

The U.S. banking sector saw its profits drop by nearly half in the last quarter of 2024, as large firms began paying hefty fees to help recoup costs incurred by several bank failures last spring, the Federal Deposit Insurance Corporation reported Thursday.

05/03 Exclusive: Country Garden lenders' group hires advisers for debt revamp talks, sources say

A group of lenders to China's Country Garden has hired Allen & Overy and Deloitte as advisers, three sources with knowledge of the matter said, as creditors to the embattled developer gear up for possible debt restructuring talks.

05/03 China Vanke assures repayment for dollar bond amid liquidity worries

State-backed China Vanke said on Tuesday the funding for repaying its dollar notes due on March 11 is in place, amid more selling pressure on its bonds as concern mounts over liquidity at the Chinese developer.

29/02 China rolls over $2 bln loan to Pakistan, finance minister says

China has rolled over a $2 billion loan to Pakistan, caretaker finance minister Shamshad Akhtar confirmed in a response to Reuters on Thursday.

27/02 Exclusive: IMF's Georgieva sees completion of Egypt loan reviews in 'weeks'

The International Monetary Fund has resolved key issues with Egyptian authorities in a review of its $3 billion loan program and should finalize an augmented financing package within weeks, IMF Managing Director Kristalina Georgieva told Reuters on Tuesday.

27/02 Nigeria unveils big rate hike as hardship prompts worker protests

Nigeria's central bank delivered its largest rate hike in absolute terms in around 17 years on Tuesday to tame soaring inflation, amid nationwide trade union protests over price rises that have left people struggling to meet their basic needs.

27/02 European private credit rebounds to levels last seen in mid-2022, says Deloitte

European private lending activity has rebounded to levels last seen in mid-2022, new data from Deloitte showed on Tuesday, in a sign investors are piling in to risky corporate debt as they anticipate European Central Bank interest rate cuts this year.

26/02 Breakingviews - How a syndicated loan can funnel cash to Ukraine

The need for creative ideas to fund Ukraine has never been more apparent. Two years on from Russia’s illegal invasion, its army is struggling on the battlefield in part because of lack of ammunition. Meanwhile, President Joe Biden has so far failed to persuade the U.S. Congress to approve more military aid.

23/02 IMF, Ukraine reach staff agreement on next disbursement of $880 mln

Officials from the International Monetary Fund and the Ukrainian government on Thursday reached a staff-level agreement on updated economic policies, paving the way to release about $880 million once approved by the IMF's board, the fund said.

22/02 Lloyds profit rises despite murky UK outlook, motor finance charge

Lloyds Banking Group reported a 57% jump in annual profit on Thursday, despite Britain's faltering economy and a 450 million pound charge for potential costs from a regulatory review into motor finance.

21/02 Exclusive: Brazil readies broad FX hedging program with $2 billion in derivatives for green investments

Brazil's government will announce on Monday new measures to help foreigners with foreign exchange hedges on their investments in sustainable development, while avoiding currency and fiscal risks for the Treasury, said two people familiar with the plan.

21/02 Biden administration to cancel another $1.2 bln of student loans

President Joe Biden's administration said on Wednesday it is cancelling $1.2 billion worth of student loans for some 153,000 people who are eligible under a program used to make good on promises to increase loan forgiveness.

21/02 Chinese banks approve $17 bln of loans under 'whitelist' project - housing authority

China's housing authority said 123.6 billion yuan ($17.20 billion) of development loans have been approved and 29.4 billion yuan have been issued under a special mechanism aimed at injecting liquidity into the crisis-hit property sector.

20/02 Barclays maps uncertain route to a simpler, stronger future

Barclays , unveiling its biggest revamp since 2016, sought to appease investors seeking a clearer route to less volatile returns.

20/02 NYCB stock rout prompts US bank regulators to conduct health checks

U.S. banking regulators have been asking regional lenders whether they faced any fallout from the problems at New York Community Bancorp , several sources said, in a sign that worries about the health of the sector persist.

20/02 China cuts mortgage reference rate more than expected to revive property market

China cut the benchmark reference rate for mortgages at a monthly fixing on Tuesday by more than expected, as authorities ramped up efforts to stimulate credit demand and revive the property market.

16/02 Judge in Trump fraud case would not back down

Arthur Engoron, a cabdriver-turned-judge who found Donald Trump liable for fraud, did not hold back in accusing the former U.S. president of trying to take him for a ride.

16/02 Exclusive: HSBC to improve ties with Hong Kong unit Hang Seng to mitigate risk

HSBC plans to tighten risk management at Hong Kong unit Hang Seng Bank due to worries about a potential rise in bad loans amid growing economic headwinds and property sector crisis in China, said two people with knowledge of the matter.

16/02 China steps up 'whitelist' mechanism for property sector - media

Five state-owned Chinese banks have been matched with more than 8,200 residential projects for development loans under the "whitelist" mechanism aimed at injecting liquidity into the crisis-hit sector, government-backed media The Paper reported.

16/02 NatWest profit jumps 20% as Thwaite confirmed as CEO

British bank NatWest confirmed Paul Thwaite as its permanent chief executive on Friday and reported forecast-beating profit for 2023, as it gears up for a crunch sale of state-owned stock in the company after a scandal-hit year.

15/02 Explainer: European banks and their $1.5 trillion commercial property headache

European banks have about 1.4 trillion euros ($1.50 trillion) in loans to the troubled commercial property industry, amid a steep fall in office prices on both sides of the Atlantic and investor concerns about lenders' ability to handle the risk.

12/02 Colombia secures $1.2 billion in loans to finance budget, peace plans

Colombia has reached loan agreements worth more than $1.2 billion with multilateral lenders, the finance ministry said, adding resources will go toward budget items this year and costs associated with peace plans.

12/02 Australia's ANZ rises as first-quarter revenue in line with year-ago average

Australia's ANZ Group said on Monday its first-quarter group revenue was in line with the quarterly average of first-half fiscal 2023 revenue, driven by its institutional division's markets business, lifting shares to their highest in 22 months.

12/02 Female student won the world architectural project championship

Tran Thi Chi was invited by Binh Thuan province to work and receive a full master's scholarship in Italy, after becoming the champion of the world architecture student graduation project competition.

09/02 China January new bank loans hit record high on policy support

New bank loans in China jumped by more than expected to an all-time high in January, as the central bank moves to shore up the sputtering economy.

09/02 Focus: Barclays investors crave simpler bank as CEO Venkat prepares revamp

Barclays' CEO C.S. Venkatakrishnan is under pressure to deliver a plan this month to win over restless shareholders clamouring for a streamlined business model and higher, more sustainable returns for a fraction of the risk.

05/02 China property developers Sunac, CIFI say projects get local govt support

Chinese property developers Sunac China and CIFI Holdings said some of their projects had been listed by local governments as suitable for loans, adding to the number of defaulted developers getting support from authorities.

02/02 IMF backs Milei's reforms, says risks to Argentina's $44 bln loan program remain

The International Monetary Fund said Argentina is committed to accumulating international reserves and stemming a central bank financing of government debt under the latest review of its $44 billion loan program, as the global lender backed a set of reforms proposed by President Javier Milei's new administration.

02/02 New China property financing measures set to be tested by banks' cautious approach

China aims to ramp up financing for home projects in the coming days as part of its support measures, but banks' reluctance to lend to the crisis-hit sector will remain a major obstacle for the distressed developers who need fresh funding the most.

02/02 Ahead of election, Pakistan seals plan to sell national airline

Ahead of elections next week, Pakistan's caretaker administration is making binding plans for a new government to sell loss-making Pakistan International Airlines , according to the minister in charge of the process and other officials.

01/02 Wall Street explores novel ways to repackage bank loan risk

A financial product that enables banks to shed risk from loan portfolios is gaining more popularity among lenders in the United States, with investors and lawyers devising new structures to broaden its appeal.

31/01 China unveils new property support measures amid concerns about Evergrande fallout

A state-backed property project in China has received the first development loan under Beijing's so-called "whitelist" mechanism and two major cities have eased home-buying curbs, state media reported, as concerns mount about the liquidation of Evergrande.

31/01 Chinese major cities ease home purchase limits to boost sales

Two of China's major cities, Suzhou and Shanghai, followed Guangzhou in easing home-buying restrictions, in an effort to boost property sales as persistent weakness in confidence delays a recovery in the crisis-hit property sector.

31/01 World-beating growth? Not for India's rural majority

Jakir Khan, an Indian farm worker, says he has cut down on food as his income has halved. There are fewer and fewer opportunities, he says, for employment in his small village in Uttar Pradesh state.

30/01 HSBC fined $73 million for 'serious failings' in UK deposit protection

HSBC has been fined 57.4 million pounds ($73 million) for "serious failings" in protecting some depositors over several years, in the first penalty of its kind under British rules designed to protect customers if banks fail.

28/01 Julius Baer set to announce writeoff linked to Signa exposure - SonntagsZeitung

Wealth manager Julius Baer is set to announce a writeoff related to its exposure to property group Signa that may be around 400 million Swiss francs ($463 million), Swiss newspaper SonntagsZeitung said on Sunday.

26/01 Dubai's property boom shows signs of fizzling out

As cranes speckle the Dubai skyline and ultra-luxury homes change hands at record prices, signs that the city-state's property boom is fizzling out are coming into view.

25/01 New rules boost China property shares but could miss the mark, analysts say

Chinese property shares rose on Thursday, strengthened by the latest relaxation in credit measures to support the embattled real estate industry, but few market participants expected them to overcome banks' reluctance to lend.

25/01 China widens commercial property loan uses to ease liquidity

China on Wednesday said it is widening the uses for commercial property lending by banks in its latest effort to ease a liquidity crunch facing troubled real estate firms.

24/01 China announces biggest bank reserve ratio cut since December 2021

China's central bank will cut the amount of cash that banks must hold as reserves from Feb. 5, the first such cut for the year as policymakers extend efforts to shore up a fragile economic recovery amid plunging stock markets.