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S.Africa's Treasury to trim 2024/25 budget deficit forecast on Oct 30

POLL-S.Africa's Treasury to trim 2024/25 budget deficit forecast on Oct 30 reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=ZAGDPQP Calendar year GDP growth forecasts S.Africa's budget deficit to slim its February estimates By Vuyani Ndaba JOHANNESBURG, Oct 25 (Reuters) - South Africa's National Treasury will trim its 2024/25 budget deficit estimate next week as it aims to lower interest payments on debt, while the fiscal challenges it faces in the coming year are unlikely t
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Uganda's $5 bln EACOP pipeline faces difficult debt talks

Uganda's $5 bln EACOP pipeline faces difficult debt talks By Wendell Roelf CAPE TOWN, Oct 25 (Reuters) - Partners developing the $5 billion East African Crude Oil Pipeline (EACOP) are injecting more cash into the project to prevent it stalling as debt financing proves elusive, Uganda's energy minister told Reuters. Minister Ruth Nankabirwa recently travelled to Beijing to meet with potential Chinese funders seen as crucial for the success of East African Crude Oil Pipeline (EACOP) after six West
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France corporate earnings week ahead

DIARY-France corporate earnings week ahead Oct 25 (Reuters) - Diary of France (.FCHI) corporate earnings for the week ahead FRANCE EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 30-Oct-2024 AMC AIR.PA Airbus SE Q3 2024 Airbus SE Earnings Release 31-Oct-2024 BMO SOGN.PA Societe Generale SA Q3 2024 Societe Generale SA Earnings Release 31-Oct-2024 BMO STMPA.PA STMicroelectronics NV Q3 2024 STMicroelectronics NV Earnings Release 31-Oct-2024 07:00 TTEF.PA TotalEnergies SE Q3 2024 Tot
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South Korea indicts BNP Paribas for short-selling breaches, Bloomberg News reports

South Korea indicts BNP Paribas for short-selling breaches, Bloomberg News reports SEOUL, Oct 25 (Reuters) - South Korean prosecutors have indicted BNP Paribas SA BNPP.PA for breaching short-selling trade rules in the domestic stock market, Bloomberg News reported on Friday, citing sources. BNP Paribas was one of two companies the country's Financial Supervisory Service filed complaints about to prosecutors in December, after the market watchdog found illegal trade practices by foreign firms and
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Japan's Nikkei posts weekly fall amid domestic election jitters

CORRECTED-Japan's Nikkei posts weekly fall amid domestic election jitters Corrects Wei Li's designation in paragraph 8 By Brigid Riley TOKYO, Oct 25 (Reuters) - Japan's Nikkei share average marked a second week of declines on Friday as investors weighed the risk outlooks ahead of a domestic election that could see the ruling party lose its majority. The Nikkei .N225 closed 0.6% lower at 37,913.92, posting a 2.7% loss for the week.
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Santander will have a full-service digital bank in US by end-2025, chair says

UPDATE 2-Santander will have a full-service digital bank in US by end-2025, chair says Adds quotes on U.S presence in paragraph 4-5 By Nupur Anand and Pete Schroeder WASHINGTON, Oct 24 (Reuters) - Spanish lender Santander SAN.MC will have a full-service digital bank in the United States by the end of 2025, its executive chair, Ana Botin, said on Thursday.
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Allianz weighs options for AllianzGI unit, sources say

REFILE-EXCLUSIVE-Allianz weighs options for AllianzGI unit, sources say Clarifies sourcing in paragraph 7 By Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui LONDON, Oct 24 (Reuters) - Allianz ALVG.DE is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale.
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Allianz weighs options for AllianzGI unit, sources say

EXCLUSIVE-Allianz weighs options for AllianzGI unit, sources say Updates with history, performance, industry context paragraphs 6-9 By Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui LONDON, Oct 24 (Reuters) - Allianz ALVG.DE is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale.
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France's top court orders BNP Paribas to repay scam victim

France's top court orders BNP Paribas to repay scam victim PARIS, Oct 23 (Reuters) - France's top court ordered BNP Paribas SA BNPP.PA on Wednesday to repay a client who fell victim to a scammer who pretended to be an adviser for the bank. The scammer called the client in 2019 and asked him to delete five people from his list of beneficiaries for wire transfers and then add them back using his confidential code, the court said.
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Big UK property sales to test market appetite after slump

ANALYSIS-Big UK property sales to test market appetite after slump UK commercial property prices slumped post-pandemic High-quality new offices in demand, older ones need converting UK property forecast to rebound faster than other markets By Iain Withers and Sinead Cruise LONDON, Oct 22 (Reuters) - Britain's commercial property market is returning to life after its post-pandemic freeze, albeit largely at much lower prices.
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Foreign investors cut holdings in China's onshore bonds in September

UPDATE 1-Foreign investors cut holdings in China's onshore bonds in September Adds details, analyst comment in paragraph 6, regulator comment in paragraph 10 SHANGHAI, Oct 22 (Reuters) - Foreign investors reduced their holdings of China's onshore yuan bonds in September for the first time in over a year, as the yuan's appreciation made it less attractive to hold hedged onshore bonds.
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Santander launches US digital bank to cut cost of auto lending

UPDATE 1-Santander launches US digital bank to cut cost of auto lending Launches Openbank in US to expand retail unit nationwide Could help lender fund as much as $30 bln of auto loan assets Plans to evaluate how to grow Openbank further, including deals Adds details in paragraphs 9, 10, 11 on the U.S. and products By Jesús Aguado and Saeed Azhar MADRID/NEW YORK, Oct 21 (Reuters) - Spain's Santander SAN.MC launched its digital bank in the United States on Monday, which could help fund up to $30
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Santander launches digital bank in US to gain cheaper funding for auto loans

Santander launches digital bank in US to gain cheaper funding for auto loans By Jesús Aguado and Saeed Azhar MADRID/NEW YORK, Oct 21 (Reuters) - Spain's Santander SAN.MC launched its digital bank in the United States on Monday, which will help it to fund over $30 billion of auto lending assets and broaden its retail business in the country, U.S. CEO Tim Wennes told Reuters.
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Norwegian bank DNB to buy Sweden's Carnegie for $1.14 bln

UPDATE 5-Norwegian bank DNB to buy Sweden's Carnegie for $1.14 bln Cash deal with PE firm Altor and minority shareholders Will boost Nordic presence, DNB CFO says No job cuts expected, deal to finalise in H1 2025 Adds CFO interview in paragraphs 2-4, 6-7, updates shares in paragraph 8 STOCKHOLM, Oct 21 (Reuters) - Norway's largest bank DNB DNB.OL has agreed to buy Swedish investment bank and asset manager Carnegie from private equity firm Altor and minority owners for around 12 billion Swedish c
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Europe's banks under investor pressure to keep earnings growth alive

PREVIEW-Europe's banks under investor pressure to keep earnings growth alive European banks report Q3 earnings this week and next Focus on fading interest rate boost, cost controls UniCredit move stirs M&A chatter By Sinead Cruise LONDON, Oct 21 (Reuters) - Europe's biggest banks are healthier than at any point since the 2008-09 financial crisis, but investors want reassurance that they can trust their longer term earnings power as interest rates fall.
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FTSE 100 dips but logs weekly gain on rate cut bets

UPDATE 1-FTSE 100 dips but logs weekly gain on rate cut bets FTSE 100 down 0.3%; FTSE 250 up 0.2% British retail sales up 0.3% for September Updated at 1558 GMT By Pranav Kashyap and Nikhil Sharma Oct 18 (Reuters) - The UK's FTSE 100 ended lower on Friday, weighed down by British American Tobacco following its settlement to end a tobacco lawsuit in Canada, but the blue-chip index logged weekly gains in anticipation of a UK rate cut next month.
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China approves BNP Paribas, Prudential insurance ventures

UPDATE 1-China approves BNP Paribas, Prudential insurance ventures Adds details, other regulator's speech HONG KONG, Oct 18 (Reuters) - China has approved separate insurance units to be set up by BNP Paribas BNPP.PA and Prudential Financial PRU.N , a regulator said on Friday, as it looks to further open up the world's second-largest insurance market to foreign companies.
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China approves BNP Paribas, Volkswagen joint venture, Prudential insurance unit

China approves BNP Paribas, Volkswagen joint venture, Prudential insurance unit HONG KONG, Oct 18 (Reuters) - China has approved two more insurance units to be set up by BNP Paribas and Prudential Financial in a move to further open up the local insurance market to foreign companies. China's National Financial Regulatory Administration (NFRA) has approved the creation of a joint venture between BNP Paribas BNPP.PA and Volkswagen Financial Service, Li Yunze, the head of the regulator said on Frid
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Eiffage, Advent International, Manara Minerals, Saba Infraestructuras Oct 16 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 2 000 GMT on Wednesday: * * Spanish parking operator Saba Infraestructuras will be integrated into Belgium-based Interparking after their main shareholders agreed to a merger, the companies said in a joint statement on Wednesday.
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Spanish parking operator Saba to merge with Belgium's Interparking

Spanish parking operator Saba to merge with Belgium's Interparking MADRID, Oct 16 (Reuters) - Spanish parking operator Saba Infraestructuras will be integrated into Belgium-based Interparking after their main shareholders agreed to a merger, the companies said in a joint statement on Wednesday. The three partners - Belgian insurer AG's AGES.BR property subsidiary, Dutch pension fund APG and Spanish holding Criteria Caixa - will become the main shareholders in the new Interparking Group, which wi
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