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SAO PAULO: SoftBank-backed digital lender Banco Inter SA and payments company StoneCo Ltd are in preliminary talks to expand a current partnership agreement, including a potential merger, one source familiar with the matter said.
Japan’s benchmark advanced but other Asian markets were lower Friday amid concerns over troubled Chinese real estate developer Evergrande and the Covid-19 pandemic.
LONDON (Reuters) - Bank of England Deputy Governor Sam Woods said on Thursday he would front-run global rules if necessary to avoid Britain's banks building up big exposures to cryptoassets that were not backed by sufficient capital.
BEIJING (The Straits Times/Asia News Network): The world’s most indebted developer Evergrande Group said it will prioritise its home buyers and retail investors as it faces payment on some of its offshore bonds on Thursday (Sept 23).
Finance in the digital age is turning impatient. Younger investors would rather leave the creation of long-gestation assets to sovereign wealth funds and state institutions.
Nigeria and Ghana are aiming to adopt a national digital currency in the face of increasing usage of cryptocurrency, over their own fiat currency.
KUALA LUMPUR: Concerns on whether China’s property developer Evergrande Group will default on its payments together with the contagion risk have affected the overall sentiment of Asian equity markets, but the impact to Malaysia’s stock market will be limited, according to AmInvestment Bank.
India’s largest private lender expects rising consumer demand