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15 Sep

Argentina hikes interest rate 550 bps after inflation overshoots

Argentina's central bank hiked the country's benchmark interest rate 550 basis points to 75% on Thursday, a day after inflation overshot forecasts to near 80% on an annual basis.

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15 Sep

U.S. sues to block $4.3 billion lock deal between Assa Abloy and U.S. rival

WASHINGTON (Reuters) -The U.S. Justice Department has sued to block a $4.3-billion proposed deal by Assa Abloy AB to buy a division of Spectrum Brands Holdings Inc that makes residential door hardware, the department said in a statement on Thursday which said the deal could lead to higher prices for consumers.

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15 Sep

Big Chinese state-owned banks cut personal deposit rates

SHANGHAI (Reuters) -Five of China's largest banks cut personal deposit rates from Thursday, according to information available on the lenders' mobile apps, a move that could ease the pressure on their margins after recent lending rate cuts to revive the economy.

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15 Sep

U.S. sues to block $4.3 billion deal between Assa Abloy and U.S. rival

The U.S. Justice Department has sued to block a $4.3-billion deal by Assa Abloy AB to buy a division of Spectrum Brands Holdings Inc that makes residential door hardware, the department said in a statement on Thursday which said the deal could lead to higher prices for consumers.

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15 Sep

China central bank pauses monetary easing, partially rolls policy loan, keeps rate unchanged

SHANGHAI (Reuters) -China's central bank partially rolled over maturing medium-term policy loans while maintaining the interest rate as expected on Thursday, as hawkish U.S. Federal Reserve tightening limited room to manoeuvre monetary policy to support the economy.

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15 Sep

CVC selling Asian funeral business Nirvana, seeks as much as $2 billion -sources

SINGAPORE/HONG KONG (Reuters) -Private equity firm CVC Capital Partners is selling Malaysian funeral services provider Nirvana Asia Ltd in a deal that could fetch up to $2 billion, three people with knowledge of the matter told Reuters.

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14 Sep

Germany edges closer to nationalisation of ailing gas importer Uniper

DUESSELDORF/FRANKFURT (Reuters) -Germany's Uniper said on Wednesday the government might take a controlling stake in the company as the ailing gas importer seeks further aid, paving the way for a what could result in a full nationalisation of the firm.

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