The Real News Network
LONDON (Reuters) – Lloyds Banking Group <LLOY.L> has offered additional payments of 35,000 pounds each to 191 victims of one of Britain’s biggest banking scandals, after a review of its handling of a compensation scheme found “serious shortcomings”. Britain’s biggest mortgage lender has struggled to contain the fallout from a fraud at Halifax Bank of […]
(Reuters) – Banks will borrow 2.4 billion euros ($2.7 billion) from the European Central Bank at its regular refinancing tender for next week, a Reuters poll of euro money market traders showed on Friday. That is lower than the 2.5 billion euros maturing from last time. Forecasts in the poll of 16 traders and analysts […]
LONDON (Reuters) – U.S. asset manager Eaton Vance has opened a Dublin office to cope with Brexit uncertainty, it said on Friday. The $500 billion asset manager joins firms such as Standard Life Aberdeen <SLA.L> and Legal & General <LGEN.L> in setting up bases in Ireland ahead of Britain’s departure from the European Union next […]
By Hallie Gu and Tom Daly BEIJING (Reuters) – China will make good on a pledge to purchase more than $40 billion per year of U.S. agricultural products under the recently agreed Phase 1 trade deal between the two countries, China’s top agriculture consultancy said on Friday. Chinese purchases of agricultural goods are expected to […]
FRANKFURT (Reuters) – Euro zone banks are making almost full use of the European Central Bank’s two-tier deposit facility as they have redistributed excess liquidity to take advantage of an exemption from the most punitive charges, the ECB said on Friday. The ECB introduced the facility on Oct. 30 to relieve some pressure on bank […]
BEIJING (Reuters) – China said Friday its relationship with the United States had experienced serious difficulties, but they should work in accordance with the consensus reached by the two countries’ leaders to push forward a stable bilateral relationship. Chinese Vice Foreign Minister Le Yucheng made the comment at a meeting with the U.S. special envoy […]
BEIJING/SHANGHAI (Reuters) – Tesla Inc <TSLA.O> said on Friday it will offer its Chinese customers more video and gaming content next year, marking the first time the automaker will offer internet-connected games in its vehicles. Two video-streaming channels from cartoon-focused Bilibili <BILI.O> and Alibaba-backed <BABA.N> Youku will be added for a total of four. Owners […]
By James Oliphant WASHINGTON (Reuters) – If either Elizabeth Warren or Amy Klobuchar is going to win the 2020 Democratic U.S. presidential nomination, they will have to take down Pete Buttigieg to do it. That seemed to be the calculation the two senators made at the debate in Los Angeles on Thursday, when they blasted […]
By Luoyan Liu and John Ruwitch SHANGHAI (Reuters) – Foreign investors are on their longest spell of buying Chinese stocks this year, increasing their bets on the mainland markets as Beijing and Washington prepare to resolve a long-running trade war. That has turned the fortunes around for Chinese technology shares. The sector, which was facing […]
(Reuters) – Mark Schneider, Nestle’s <NESN.S> first outside chief executive officer in almost a century, has made big strides in positioning the world’s largest food company for the future with aggressive deal making since taking over in January 2017. He has set a vision on selling premium products in fast growing categories such as pet […]