Money – Page 4

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Indian shares slip from record highs as financials, Nestle fall

By Sachin Ravikumar BENGALURU (Reuters) – Indian shares eased on Wednesday after scaling record highs for two successive sessions, as investors sold off high-flying financial stocks and Nestle slid after reporting disappointing earnings. Strong corporate earnings, progress in COVID-19 vaccinations and a high-spending federal budget have pushed Indian stocks up 12% in February. The NSE […]

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UK reopens Brexit rift with demand for longer N.Ireland grace

By Graham Fahy, William James DUBLIN/LONDON (Reuters) – Britain demanded a two-year extension on Wednesday to a grace period for checks on goods going between Northern Ireland and other parts of the United Kingdom, in a row that threatens to reopen the rift that bedevilled years of Brexit talks. British and EU officials were expected later […]

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Barclaycard customers face higher minimum payments

By Kevin Peachey Personal finance correspondent, BBC News Some Barclaycard customers will see their minimum repayments rise from Tuesday, at a time when finances are already stretched owing to Covid and Christmas. The new requirements are tailored to each customer, although some may see a significant rise in demands. But the changes will also see […]

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Jack Ma makes first appearance since October

Alibaba Group founder Jack Ma has made his first appearance since Chinese regulators cracked down on his business empire. His absence had fuelled speculation over his whereabouts amid increasing official scrutiny of his businesses. The billionaire met 100 rural teachers in China via a video meeting on Wednesday, according to local government media. Alibaba shares […]

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Covid: Cash refusal ‘creeping into UK economy’

By Kevin Peachey Personal finance correspondent Coronavirus pandemic A refusal to accept cash is “creeping into the wider UK economy”, an expert has said, after a survey suggested coronavirus had hastened a shift towards a cashless society. Consumer group Which? said that 34% of people asked said they had been unable to pay with cash […]

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Indian shares hit over one-week low as shadow lenders drop

By Reuters Staff BENGALURU (Reuters) – Indian shares ended at a more than one-week low on Monday, weighed down by non-bank financial companies (NBFCs) on fears over possible tighter rules for the sector, although gains in heavyweights HDFC Bank and Reliance Industries capped losses. The blue-chip NSE Nifty 50 index fell 1.06% to close at 14,281.3, […]

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China’s economy picks up speed in fourth quarter, ends 2020

By Gabriel Crossley, Kevin Yao BEIJING (Reuters) – China’s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand further this year even as the global pandemic rages unabated. Gross domestic product grew 2.3% in 2020, official data […]

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Casino mogul and political donor Sheldon Adelson dead at 87

Billionaire casino magnate Sheldon Adelson, whose gambling and hotel businesses turned him into a major political power broker in the US and Israel, has died. He was 87. The founder of the Las Vegas Sands casino company, Mr Adelson was known for his support of conservative causes and Israel. He was a significant backer of […]

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Philippines’ Catholics display devotion to Christ statue, pray for end

By Adrian Portugal, Eloisa Lopez MANILA (Reuters) – Thousands of Catholic devotees observed physical distancing as they queued for Saturday morning masses in the Philippine capital to celebrate a centuries-old black wooden statue of Jesus Christ believed to bring miracles to the faithful. With the coronavirus pandemic afflicting the country, authorities cancelled an annual procession of the […]