WASHINGTON: A $1.2 trillion government funding bill passed by Congress will allow the U.S. to lend up to $21 billion to an International Monetary Fund (IMF) trust to help the world’s poorest countries, U.S. Treasury Secretary Janet Yellen said on Saturday. Yellen said the funding would make the United States the largest supporter of the
WASHINGTON (Reuters) – World Bank President Ajay Banga on Monday rejected allegations that the bank’s International Finance Corp arm sought to cover up reports of sexual abuse at a for-profit school chain in Kenya in which it held a stake from 2013 to 2022. Banga, asked during a Center for Global Development public event about
MOSCOW (Reuters) – Moscow Exchange, Russia’s largest bourse, is hoping to see over 20 initial public offerings (IPOs) this year, it said on Wednesday, in a market ruled by retail investors since the exodus of Western capital over the conflict in Ukraine. Russian companies raised only around 140 billion roubles ($1.6 billion) in nine IPOs
LONDON (Reuters) – The European Union’s 1.1 trillion euro ($1.19 trillion) real estate funds sector faces multiple risks related to leverage, valuations and liquidity, requiring “stepped up monitoring”, the bloc’s securities watchdog ESMA said on Tuesday. “ESMA confirms the risks posed by real estate (RE) funds, in a context of declining volumes of transactions and
(Reuters) – U.S. investors continued to reduce their holdings in equity funds for the fourth consecutive week up to Jan. 24, exhibiting caution ahead of a major inflation report and a Federal Reserve meeting set for the following week. U.S. equity funds saw net withdrawals of $3.04 billion in the week, the smallest in four
BEIJING (Reuters) – China on Wednesday said it is widening the uses for commercial property lending by banks in its latest effort to ease a liquidity crunch facing troubled real estate firms. According to a notice jointly issued by the central bank and the financial regulator, by the end of this year banks will be
By Una Galani, and Peter Thal Larsen DAVOS, Switzerland (Reuters) – India could ease its heightened scrutiny of Chinese investments if the two countries’ border remains peaceful, a senior Indian official said in the first signal that the four-year-old curbs could be lifted. Border tensions, the biggest irritant to relations between the nuclear-armed Asian giants,
Oil attracts cautious buying from hedge funds: Kemp LONDON, Jan 15 (Reuters) – Portfolio investors purchased petroleum in the first full week of 2024, reversing sales the previous week and continuing the pattern of choppy trading that has continued since early December. Hedge funds and other money managers bought the equivalent of 54 million barrels
HERZLIYA, Israel (Reuters) – Nearly 7,000 miles away in Portland, Oregon, venture capitalist George Djuric said he was compelled to visit Israel during the country’s war with Palestinian militant group Hamas and to pledge support for the high-tech sector. Djuric, chief technology officer at yVentures who arrived in the United States as a 3-year-old refugee