Tag: sources
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BOJ may signal underlying inflation has hit 2% goal, sources say
TOKYO, Oct 6 : The Bank of Japan may signal this month that underlying inflation has roughly hit its 2 per cent target, three sources familiar with its thinking said, highlighting its readiness to raise interest rates again in the coming months.Any such announcement would largely be symbolic, but it would rei
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South Korean pension fund seeks India government bond investment licence, sources say
MUMBAI, Sept 22 : South Korea’s state-run pension fund, the world’s third-largest, is seeking a licence to invest in Indian government securities under a compliance-light route offered by the market regulator, two sources with direct knowledge of the matter said.India has been trying to draw more foreign capi
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Apple Pay eyes India rollout with Axis Bank, sources say
MUMBAI, Sept 18 : Apple is poised to launch Apple Pay in India next month with Axis Bank’s credit cards, three sources familiar with the matter said, as it works to expand support among the country’s lenders.The launch, starting with a single major banking partner, would help the US company offer its payment
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Exclusive-Vista Equity exploring strategic options for financial software provider Finastra, sources say
LONDON/NEW YORK, Sept 14 : Private equity firm Vista Equity Partners is exploring strategic options for Finastra which could include a potential sale of the software provider focused on financial institutions, four people familiar with the matter said.The buyout group is working with investment bankers at Mor
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BOJ set to lift rates next week but offer few clues on terminal, sources say
TOKYO, Sept 11 : The Bank of Japan is set to raise interest rates next week, most likely by 25 basis points, and may signal faster future tightening if price pressures heighten risks of an inflation overshoot, said four sources familiar with its thinking.A hike to 1.25 per cent would bring the BOJ’s policy ra
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Exclusive-VinFast plans to develop two India-specific EVs in strategy shift, sources say
NEW DELHI/HANOI, Sept 10 : Vietnamese automaker VinFast plans to develop two new electric vehicles for the Indian market, five sources told Reuters, in a strategic shift made just weeks after it suspended plans to manufacture some of its global models there.The move marks a departure from VinFast’s earlier at
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Three Nordic FAs seek EU talks over FIFA governance concerns
PARIS, Sept 2 : The football associations of Finland, Sweden and Denmark have written to European Commissioner for Sport Glenn Micallef seeking a meeting over concerns about governance at FIFA, sources with direct knowledge of the matter said on Wednesday.The letter was signed by Finnish FA President Ari Laht
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Exclusive-BNP Paribas, KB Kookmin in talks for $2 billion Vietnam Techcombank stake, sources say
HONG KONG/HANOI, Aug 26 : France’s BNP Paribas and South Korea’s KB Kookmin Bank are in separate talks to acquire at least a 15 per cent stake in Vietnam’s Techcombank as strategic investors, in a deal that could be worth $2 billion, two sources said.The potential deal, which has not been reported previously,
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Exclusive-India plans first tokenised bond issue in September, sources say
MUMBAI, Aug 24 : India will launch tokenised corporate bonds next month, as it tests the use of blockchain technology to enable instant settlement of bond transactions, three sources with direct knowledge of the matter said on Monday. The notes, to be issued for the first time by state-owned power financier R
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Exclusive-Inside the Google executive moves that led to its big AI reshuffle
SAN FRANCISCO, Aug 12 : Google co-founder Sergey Brin in recent months has urged key AI staff to go all in on the company’s Gemini model as parent Alphabet seeks to close the gap with rivals, two people familiar with his remarks told Reuters. As Anthropic raced ahead with a preview of its powerful Claude…
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