China's overnight repo traded on the Shanghai stock exchange surged to a high of 5.4% on Tuesday afternoon, up 242.5 basis points from the previous close of 2.975%.
Supplies of COVID-19 vaccine in Britain remain tight, Britain's COVID-19 vaccine deployment minister Nadhim Zahawi said on Tuesday, saying he was confident Pfizer, AstraZeneca and Moderna would meet supply commitments.
By Reuters Staff
2 Min Read
BANGKOK, Jan 26 (Reuters) - Thailand’s cabinet on Tuesday approved a cut on property tax and other fees for this year, foregoing revenue of about 41 billion baht ($1.37 billion) to help ease the impacts of its latest coronavirus outbreak.
The tax on land and buildings was cut by 90% while some registration and transfer fees were reduced to 0.01% from 1-2%, government spokesman Anucha Burapachaisri told a briefing.
“The cuts are appropriate for the current economic situation,” he said.
The tourism-reliant economy is expected to recover slowly this year due to the new outbreak, its biggest yet, which has spread to most of the country’s provinces.
3 Min Read
FILE PHOTO: The headquarters of Germany s Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File Photo
(Reuters) - Deutsche Bank AG said on Sunday it began a probe in relation to engagement with some clients after the Financial Times reported earlier that the German lender was investigating the alleged mis-selling of investment banking products.
“We initiated an investigation in relation to our engagement with a limited number of clients. We cannot comment on details of the investigation until it is complete”, a Deutsche Bank spokesman said in an emailed statement late on Sunday.
The Financial Times reported that the lender was probing if its staff mis-sold sophisticated investment banking products to clients in breach of European Union rules and then colluded with individuals within these companies to share the profits.