World Bank: Emerging economies must grow ‘much faster’ to repay debt

By Karin Strohecker, Jorgelina do Rosario and Libby George LONDON (Reuters) -The World Bank warned that high borrowing costs have “changed dramatically” the need for developing nations to boost sluggish economic growth. The multilateral lender’s latest warning comes as international bond sales from emerging market governments hit an all-time record of $47 billion in January, […]

Capital One-Discover deal adds rival to Visa and Mastercard, easing antitrust concerns

By Niket Nishant, Manya Saini and Carolina Mandl (Reuters) -Capital One Financial’s $35.3 billion deal for Discover Financial would create new competition for payments behemoths Visa and Mastercard, potentially helping smoothen the path for regulatory approval, analysts said. The all-stock deal announced on Monday would create the biggest U.S. credit card issuer, but it would […]

Van Eck to Pay $1.75 Million Fine Over Social Sentiment ETF -SEC

NEW YORK (Reuters) -Van Eck Associates Corporation has agreed to pay a $1.75 million fine to settle U.S. Securities and Exchange Commission charges related to the 2021 launch of its social media-focused exchange-traded fund, the regulator said on Friday. The registered investment adviser failed to disclose a social media influencer’s role in the launch of […]

Deere Cuts 2024 Profit View as Borrowing Costs Hurt Farm Equipment Demand

By Bianca Flowers and Shivansh Tiwary (Reuters) -Deere & Co cut its 2024 profit forecast on Thursday as farmers remained hesitant about big-ticket equipment purchases due to high borrowing rates and falling crop prices, even as its first-quarter sales and profit topped Wall Street estimates. Shares of the world’s largest farm equipment maker were down […]

Musk, Tesla shareholder to propose a stay of pay ruling during appeal

By Tom Hals and Jody Godoy (Reuters) – Elon Musk and the Tesla shareholder who won a verdict last month voiding the CEO’s $56-billion pay package will ask a judge to pause her ruling until an appeal is resolved, according to a Tuesday letter to the court from the shareholder’s attorney. Greg Varallo, the shareholder’s […]

Sticky Jan U.S. CPI Inflation Supports Fed Reticence on Easing

NEW YORK (Reuters) – U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and healthcare, but the pick-up in inflation likely does not change expectations that the Federal Reserve will start cutting interest rates in the first half of this year. The consumer price index (CPI) increased 0.3% […]

Real estate pain for US regional banks is piling up, say investors

(Adds graphic) By Carolina Mandl, Matt Tracy and Saeed Azhar NEW YORK/WASHINGTON (Reuters) -New York Community Bancorp’s exposure to commercial real estate has intensified investor scrutiny around regional banks, with some expecting more pain for those with office and multifamily property loans. Fears about the health of the smaller banks have escalated again a year […]

Hyundai Picks JPMorgan, Citi to Accelerate $3 Billion India IPO

By M. Sriram and Aditi Shah NEW DELHI (Reuters) -Hyundai Motor has appointed investment bankers JPMorgan and Citi to advise on its at least $3 billion India IPO, accelerating listing plans in the world’s third-largest auto market, sources with direct knowledge said. The company plans to file regulatory papers in India by May to June […]

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World Bank: Emerging economies must grow ‘much faster’ to repay debt

February 21, 2024

By Karin Strohecker, Jorgelina do Rosario and Libby George LONDON (Reuters) -The World Bank warned that high borrowing costs have “changed dramatically” the need for developing nations to boost sluggish economic growth. The multilateral lender’s latest warning comes as international bond sales from emerging market governments hit an all-time record of $47 billion in January, […]
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