EXCLUSIVE India’s top lender asks exporters to trade with Bangladesh in rupees, taka

New Delhi, Sep 19 (Reuters) – The State Bank of India (SBI.NS), the largest lender, has asked exporters to avoid entering into deals with Bangladesh in dollars and other major currencies as it seeks to curb exposure to foreign reserves. decline in Dhaka, according to an internal document and a source. Bangladesh’s $ 416 billion … Read more

The Italian right-wing bloc ready for electoral victory: five questions for the markets

Register now for FREE unlimited access to Reuters.com Sign in MILAN, 19 Sept. (Reuters) – Italy’s right-wing bloc looks set to win a majority in both houses of parliament in next Sunday’s elections, at a time when soaring energy prices and rising interest rates create challenges increasing for the heavily indebted state. Giorgia Meloni, leader … Read more

US SEC cryptocurrency guidelines drive up costs for lenders, disrupting projects

WASHINGTON, Sept. 16 (Reuters) – Banks’ cryptocurrency projects have been overturned by U.S. Securities and Exchange Commission (SEC) accounting guidelines that would make it too capital-intensive for lenders to hold crypto tokens on behalf of clients. , according to more than half a dozen experts in the field. A slew of lenders including US Bancorp … Read more

Traffic, water shortages, now floods: the slow death of the Indian technological hub?

Much of Bengaluru has been submerged by the recent floods Residents forced to wade the water up to their waist The disruptions raise questions about the future of the city as a technology hub Authorities vow to act, but extreme weather conditions can complicate plans BENGALURU, Sept. 15 (Reuters) – Harish Pullanoor spent his weekends … Read more

Week ahead on Wall Street: More worries about US stocks and bonds

Morning commuters walk on Wall St. as the Union Jack flies mid-staff off the New York Stock Exchange (NYSE) in New York City, USA, September 9, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Reuters.com Sign in NEW YORK, Sept. 9 (Reuters) – As the Federal Reserve accelerates its balance sheet … Read more

Rural Indians join the rush to study abroad as prospects at home fade

More people from rural India seeking education abroad Households use savings to afford high tariffs The change reflects bleak job prospects at home for many The number of Indians studying abroad has doubled in recent years Universities welcome the influx after declining numbers from China AMBALA / SYDNEY / TORONTO Sept. 7 (Reuters) – When … Read more

Exclusive: Trump’s business partner for Truth Social fails to win support for the SPAC extension

The social network Truth logo is seen on a smartphone in front of a display of former US President Donald Trump in this illustration taken on February 21, 2022. REUTERS / Dado Ruvic / Illustration / File Photo Register now for FREE unlimited access to Reuters.com Sign in Sep 5 (Reuters) – Blank check acquisition … Read more

EXCLUSIVE Chinese defense firm took over Venezuelan oil lift for debt compensation – sources

SINGAPORE / HOUSTON, Aug 26 (Reuters) – China has entrusted the shipment of millions of barrels of Venezuelan oil to a defense-focused state company despite US sanctions, part of a deal to offset Caracas’ billions of dollars in debt. to Beijing, according to three sources and tanker location data. China National Petroleum Corp (CNPC) stopped … Read more

Exclusive: Chinese financiers keep Beijing property bailout call at bay

Surveillance cameras are seen near residential buildings under construction in Shanghai, China, July 20, 2022. REUTERS / Aly Song Register now for FREE unlimited access to Reuters.com Sign in HONG KONG / SHANGHAI, Aug 25 (Reuters) – Some of China’s state-owned financial institutions are rejecting Beijing’s appeals to support the conflicting real estate sector due … Read more

Analysis: “New shock” for European markets as gas price spikes fuel inflation fears

Flames from a gas burner on a stove are depicted in a private home in this illustrative photo taken on June 27, 2022. REUTERS / Stephane Mahe / Illustration / file Photo Register now for FREE unlimited access to Reuters.com Sign in Euro zone, UK inflation and rising rate expectations The sudden darkness contrasts with … Read more