Author Archives: Syndicated Content
Uganda central bank cuts policy rate to 7%
KAMPALA (Reuters) - Uganda's central bank on Monday again cut its benchmark lending rate by 100 basis points, taking it down to 7%, to support the east African nation's economy as it downgraded projec...
Jun 08, 2020
Spain's supreme court investigates former king Juan Carlos on Saudi case
MADRID (Reuters) - Spain's supreme court prosecutor has opened an investigation into former King Juan Carlos as part of a probe into a high-speed train contract in Saudi Arabia, the general prosecutor...
Jun 08, 2020
PG&E expects to raise $5.75 billion from public offerings to fund bankruptcy exit
(Reuters) - Power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings to partially fund its emergence from Chapter 11 bankruptcy. Separately, the company said inves...
Jun 08, 2020
China's finance ministry asks local governments not to ignore debt risks
BEIJING (Reuters) - China's local governments cannot ignore debt risks and take on more debt illegally because of the fiscal difficulties caused by the coronavirus pandemic, a meeting chaired by finan...
Jun 08, 2020
Ireland cancels June 11 bond auction in favour of syndicated deal
DUBLIN (Reuters) - Ireland's debt agency has cancelled a regular bond auction planned for Thursday and will instead sell new 10-year debt through a syndicate of banks, a method that typically raises a...
Jun 08, 2020
Slovenia central bank sees 2020 GDP down 6.5% due to coronavirus pandemic
By Marja Novak LJUBLJANA (Reuters) - The Bank of Slovenia expects the county's GDP to fall 6.5% in 2020 due to the coronavirus pandemic before rising by 4.9% in 2021, it said on Monday. In December th...
Jun 08, 2020
U.S. Fed's Main Street lending facility likely to start with a whimper
By Jonnelle Marte and Michelle Price (Reuters) - The Federal Reserve's most ambitious and complicated crisis relief program is set to launch in coming days but it is far from certain that the small an...
Jun 08, 2020
Congressional Democrats to unveil sweeping U.S. police reform proposal after Floyd death
WASHINGTON (Reuters) - U.S. congressional Democrats on Monday plan to unveil a sweeping package of legislation to combat police violence and racial injustice, after two weeks of protests across the na...
Jun 08, 2020
Law firm Herbert Smith Freehills promotes Matt Emsley to China head
(This June 1 story corrects spelling of Herbert in headline and first para) HONG KONG (Reuters) - Law firm Herbert Smith Freehills has appointed Matt Emsley as its new managing partner for China, acco...
Jun 08, 2020
Morgan Stanley flags risk oil price rally will lead to a fall
(Reuters) - Oil prices have quickly climbed to levels that raise the risk of price falls as demand is fragile, Morgan Stanley said on Monday, as benchmark crude hit its highest in three months. Oil cl...
Jun 08, 2020
