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UPDATE 1-Pakistan returns $1 bln of Saudi Arabias soft loan, officials say Reuters 12/17/2020 By Asif Shahzad (Updates Dec. 16 story with comments from finance ministry, central bank and foreign office, and debt swap option with China) By Asif Shahzad ISLAMABAD, Dec 16 (Reuters) - Pakistan has returned $1 billion to Saudi Arabia as a second instalment of a $3 billion soft loan, as Islamabad reaches out to Beijing for a commercial loan to help it offset pressure to repay anothe...

Dalal Street in the grip of a disbelief rally as bulls party while bears sulk For now, the parties seem unending for the bulls as Diwali’s hesitant up-moves have morphed into a fully grown bull market that seems to be heading for a euphoric budget till February 2021. However, signs of froth are amply visible in some parts of the market. December 17, 2020 / 07:09 PM IST Indian stocks have climbed walls of worries and consistently closed at record highs all of December, much to the dismay of...

4 Min Read HAVANA (Reuters) - Cuba said late on Thursday it would scrap its dual currency and labyrinthine multiple exchange rate system in January, effectively devaluing the peso heavily to administer bitter medicine for its crisis stricken economy. FILE PHOTO: A farmer holds a wad of Cuban money at a vegetable stall at a market in Sagua La Grande, in the province of Villaclara in central Cuba, around 240 km (149 miles) east of Havana October 12, 2013. REUTERS/Desmond Boylan Announcing the lo...

Pakistan returns $1 bln of Saudi Arabias soft loan, officials say Reuters 12/16/2020 By Asif Shahzad ISLAMABAD, Dec 16 (Reuters) - Pakistan has returned $1 billion to Saudi Arabia as a second instalment of a $3 billion soft loan, as Islamabad reaches out to Beijing for a commercial loan to help it offset pressure to repay another $1 billion to Riyadh next month, officials said on Wednesday. Analysts say it is unusual for Riyadh to press for the return of money. But relations have been straine...

China to crank up anti-trust heat on Big Tech after unprecedented fines SECTIONS Last Updated: Dec 15, 2020, 05:42 PM IST Share Synopsis The regulator is particularly keen to "make an example" of a $3.5 billion plan for search engine Sogou Inc to be taken private by shareholder Tencent Holdings, two people with direct knowledge of the matter said. AFP HONG KONG | BEIJING: Chinas unprecedented anti-trust squeeze on its technology giants is only just beginning. Having levied fines and announced ...

Russian hacks weigh on private equitys software investments Toggle share menu Advertisement Russian hacks weigh on private equitys software investments The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) Apr 4, 2016. (Photo: REUTERS/Brendan McDermid) 16 Dec 2020 02:35AM (Updated: 16 Dec 2020 04:53AM) Share this content Bookmark NEW YORK: Some of the worlds big...

5 Min Read (Reuters) - North Dakota has become the 35th U.S. state to require face coverings be worn in public, as governors across the country grapple with a surge in coronavirus infections that threatens to swamp their healthcare systems. North Dakota joined 38 other states this month in reporting record daily jumps in new cases, 17 others with record deaths and 25 others with a record number of COVID-19 patients in hospitals, according to a Reuters tally. “Our situation has changed, and we...

14 December, 2020 On the day that McLaren confirmed a $200-milliom financial boost, Lando Norris and Carlos Sainz did enough to ensure that the Zak Brown led outfit finished third in the 2020 Formula 1 constructors’ championship. A consortium led by American-based investment group, MSP Sports Capital, will take a 15 per cent significant minority stakeholding in Britain’s most successful F1 team, rising to a maximum of 33 per cent by the end of 2022. The news was revealed just hours before L...

By Marc Frank HAVANA (Reuters) - Cuba said late on Thursday it would start its long-awaited monetary reform in January, eliminating its dual currency ...