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MPs square up to regulator over duty of care for banks

LONDON (Reuters) – A legal duty for banks to act in the best interests of their customers may be needed, British lawmakers said on Monday, piling pressure on regulators to step up protection of consumers after a string of mis-selling Read more ›

WRAPUP 2-China stocks, yuan tumble on Trump’s fresh tariff threats

(Updates prices, add background) By Luoyan Liu and Andrew Galbraith SHANGHAI, May 6 (Reuters) – Chinese investors, caught off guard by U.S. President Donald Trump’s tariff threats, dumped stocks and sold the yuan currency on Monday as a fresh deterioration Read more ›

Countrywide warns on earnings as Brexit bites

April 30 (Reuters) – Countrywide Plc said uncertainty around Britain’s impending exit from the European Union had hit residential and commercial property markets, prompting the nation’s largest estate agent to warn of a shortfall in its first-half earnings. Countrywide said Read more ›

Britain starts search for next Bank of England governor

LONDON (Reuters) – Britain’s finance minister Philip Hammond said on Wednesday he was starting the process of finding a replacement for Mark Carney as governor of the Bank of England. FILE PHOTO: Workers emerge from Bank underground station with the Read more ›

Intu Properties, Cale Street in shopping centre joint venture

April 18 (Reuters) – British shopping centre operator Intu Properties Plc on Thursday said it would form a joint venture with Cale Street for the Intu derby shopping centre. Cale Street Investments, an investment firm backed by the Kuwait Investment Read more ›

China’s Ant Financial amasses 50 million users, mostly low-income, in new health plan

The logo of Ant Financial Services Group, Alibaba’s financial affiliate, is pictured at its headquarters in Hangzhou, Zhejiang province, China January 24, 2018. REUTERS/Shu Zhang SINGAPORE (Reuters) – A mutual health aid plan launched by Ant Financial Services Group, the Read more ›

UPDATE 1-Creditors approve Avianca Brasil plan as antitrust concerns loom

(Adds creditors’ vote results) By Marcelo Rochabrun SAO PAULO, April 5 (Reuters) – Creditors led by hedge fund Elliott Management approved on Friday a restructuring plan for bankrupt airline Avianca Brasil, hours after the country’s antitrust regulator announced preemptively that Read more ›

UK house prices edge up, London falls again – Nationwide

LONDON (Reuters) – British house prices picked up only a little bit of speed this month as the approach of Brexit weighed on the housing market, data from mortgage lender Nationwide showed on Friday. FILE PHOTO: A row of houses Read more ›

China’s services activity quickens in March: official PMI

FILE PHOTO – A waiter prepares a table for service at Haidilao’s new artificial intelligence hotpot restaurant in Beijing, China, November 14, 2018. REUTERS/Jason Lee/File Photo BEIJING (Reuters) – Growth in China’s services industry quickened in March, an official survey Read more ›

S.Korea c.bank chief says may change policy course if ‘recovery sentiment’ worsens

SEOUL, March 25 (Reuters) – South Korea’s central bank chief on Monday said the bank may change its current cautious stance on monetary policy should “recovery sentiment” worsen significantly, signaling it could ease policies if needed. “We can think about Read more ›