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UK watchdog shakes up ‘dysfunctional’ bank overdraft market

LONDON (Reuters) – Britain’s banks and building societies will have to charge the same amount for all overdrafts from April 2020, the Financial Conduct Authority (FCA) said on Friday, in a radical change that will raise questions about the future Read more ›

Bank of England says it is watching mortgage price war ‘like a hawk’

LONDON (Reuters) – Regulators are watching a price war in mortgages “like a hawk” and may need to impose stricter minimum capital requirements on lenders, Bank of England Deputy Governor Sam Woods said on Friday. FILE PHOTO: A man walks Read more ›

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 ›

Hyundai Motor, Kia to invest $300 million in India’s Ola

FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Paris, France, Oct. 2, 2018. REUTERS/Regis Duvignau/File Photo (Reuters) – South Korean automakers Hyundai Motor Co and Kia Motors Corp will together Read more ›

Shanghai stocks flat after China reiterates no flood of stimulus

* SSEC flat, CSI300 falls 0.9 pct, HSI 0.5 pct lower * Trump predicts “good deal” or no deal in China trade talks SHANGHAI, March 7 (Reuters) – Chinese stocks were flat on Thursday at the end of a choppy Read more ›

China stocks climb on trade talk optimism

* .SSEC +0.8 pct, .CSI300 +1.3 pct; .HSI +0.2 pct * U.S. officials in Beijing for fresh talks on trade * Better news expected after wave of profit warnings Hong Kong, Feb 11 (Reuters) – China stocks rose on Monday Read more ›

Short seller Andrew Left appeals HK market manipulation ruling

HONG KONG(Reuters) – A Hong Kong court on Wednesday heard an appeal from short seller Andrew Left that sought to overturn a five-year ban from the city’s financial markets and a fine for market manipulation. FILE PHOTO: Andrew Left, the Read more ›

China, Hong Kong stocks rise on trade relief

* Shanghai index rises 0.8 pct, Hang Sang 1.0 pct higher * U.S. Treasury Secretary Mnuchin weighs lifting tariffs on China – WSJ * China to target 6-6.5 pct GDP growth in 2019 – China Daily SHANGHAI, Jan 18 (Reuters) Read more ›

Korean Air to raise refund fees after K-pop fans get the picture, get off

Korean Air Lines Co Ltd said on Tuesday it will raise refund penalties after K-pop fans got on a plane only to take pictures of a boy band on the flight, then demanded to get off before it departed and Read more ›