UPDATE 4-Kenya’s Imperial Bank in receivership after possible “malpractices”
* No knock-on effects in sector likely, analyst says (Adds details from central bank statement in paragraphs 4, 10) Reuters: Financials
View ArticleUPDATE 1-Renaissance Technologies to shut small hedge fund -sources
BOSTON, Oct 13 (Reuters) – Renaissance Technologies LLC, one of the world’s most prominent hedge funds, with roughly $ 27 billion in assets, told investors on Tuesday that it is closing its Renaissance...
View ArticleUPDATE 3-Ex-Anglo Irish Bank CEO held in Boston pending bail hearing
BOSTON, Oct 13 (Reuters) – The former head of Anglo Irish Bank must remain in custody ahead of a bail hearing while a U.S. court decides whether to send him back to Ireland to face 33 criminal counts…...
View ArticleUPDATE 2-Rousseff accuses Brazil opposition of ‘coup-mongering’
SAO PAULO, Oct 13 (Reuters) – Brazilian President Dilma Rousseff said on Tuesday her opponents are trying to overthrow a democratically elected government by seeking to oust her without any material…...
View ArticleUPDATE 1-Retirement home firm McCarthy & Stone to list in London
* At least 25 percent of shares to be traded on market (Adds comments from chairman and CEO) Reuters: Company News
View ArticleUPDATE 1-BofA posts quarterly profit as expenses fall
Oct 14 (Reuters) – Bank of America Corp reported a quarterly profit, compared with a year-earlier loss due to a multi-billion dollar settlement with the U.S. government over mortgages. Reuters: Company...
View ArticleUPDATE 2-Measure to increase U.S. debt limit could hit House floor soon
WASHINGTON, Oct 14 (Reuters) – The U.S. House of Representatives could attempt to pass legislation this month raising the amount the federal government is allowed to borrow, before Speaker John…...
View ArticleUPDATE 1-Schlumberger beats estimates as cost cuts cushion weak activity
Oct 15 (Reuters) – Schlumberger Ltd, the world’s No.1 oilfield services provider, reported a marginally better-than-expected quarterly profit, as deep cost cuts and efficiency improvements helped...
View ArticleUPDATE 3-Fitch cuts Brazil rating, says investment grade at risk
SAO PAULO, Oct 15 (Reuters) – Fitch Ratings on Thursday cut Brazil’s credit rating to the brink of junk, warning the country could soon lose its coveted investment grade rating as government finances…...
View ArticleUPDATE 2-Malaysia’s Tenaga submits conditional offer to buy 1MDB’s power unit
* Tenaga shares ended up 0.16 pct prior to announcement (Adds comment from 1MDB) Reuters: Financials
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