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Reuters - 2 days ago

Zimbabwe names Mushayavanhu as next central bank governor

Zimbabwe names Mushayavanhu as next central bank governor HARARE, Dec 8 (Reuters) - Zimbabwe said on Friday that career banker John Mushayavanhu would take over as its central bank governor next year. President Emmerson Mnangagwa's government said in a statement that Mushayavanhu has more than 30 years of experience at banks including Standard Chartered Bank and FBC Bank.

Reuters - 4 days ago

UK watchdog says savers lapping up higher interest rates at banks

UK watchdog says savers lapping up higher interest rates at banks Dec 6 (Reuters) - Britain's financial watchdog said on Wednesday that banks were paying higher interest rates for savings accounts and that data showed people are moving their cash to take advantage of this, leading to a more competitive market. The Financial Conduct Authority had, in July, said banks needed to raise rates for saving accounts faster following criticism that lenders were quick to pass on higher Bank of England rate

Reuters - 5 days ago

FTSE 100 falls for second day as miners, Barclays weigh

UPDATE 3-FTSE 100 falls for second day as miners, Barclays weigh For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 down 0.3%, FTSE 250 adds 0.7% Barclays down as Qatar Holdings cuts stake November services PMI at 50.9 vs 50.5 estimate London stock market trading resumes after small cap outage Updated at 1654 GMT By Shashwat Chauhan and Sruthi Shankar Dec 5 (Reuters) - Britain's FTSE 100 fell for a second session on Tuesday, as min

Reuters - 5 days ago

India's Adani Green secures additional $1.36 bln loan

UPDATE 1-India's Adani Green secures additional $1.36 bln loan Adds details of the loan throughout BENGALURU, Dec 5 (Reuters) - India's Adani Green Energy ADNA.NS said on Tuesday it has received a follow-on funding of $1.36 billion via a green loan from an international bank consortium to help the company expand its renewable power capacity. This brings Adani Green's total funds in its construction asset portfolio to $3 billion, according to a stock exchange filing , from the initial project fin

Reuters - 1 week ago

China's weak economy spurs furious demand for bond funds

China's weak economy spurs furious demand for bond funds By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG, Dec 1 (Reuters) - Mutual funds that hold bonds are selling like hot cakes in China as investors bet the central bank will cut interest rates further to aid the struggling economy. More than 50 bond-focused mutual funds were launched in November, raising 105 billion yuan ($14.71 billion) in total -- the biggest monthly fundraising this year, according to data from fund consultancy Z-Ben Adv

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