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UK Treasury asks banks for ideas to boost ‘left-behind’ Northern towns
By Iain Withers LONDON (Reuters) – Britain’s finance ministry has canvassed banks for ideas to boost the country’s “left-behind” northern towns and cities, weeks after the governing Conservatives won an election promising to boost the regions outside London. The call comes as figures show lending by banks to small and medium sized businesses has shrunk […]
China firms in $10 billion share sale rush as funding rules eased amid virus worries
By Samuel Shen and Brenda Goh SHANGHAI (Reuters) – Listed Chinese companies are queuing up to issue shares and have already announced plans to raise more than $10 billion in the past week after fundraising rules were relaxed to help ease cash strains caused by the coronavirus. More than 50 companies, including Bank of Ningbo […]
U.S. downgrade could stoke bias against Malaysian airlines: regulator
KUALA LUMPUR (Reuters) – Malaysia’s aviation regulator said on Tuesday its airlines could be discriminated against by foreign authorities after the country’s air safety rating was downgraded by the U.S. Federal Aviation Administration (FAA) late last year. The Malaysian Aviation Commission (MAVCOM) said the immediate impact of the FAA downgrade was expected to be minimal, […]