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Nigerian fintech gaint Moniepoint raises $200 million to expand digital services
LAGOS, Oct 21 (Reuters) - Nigerian fintech firm Moniepoint Inc. said on Tuesday it had raised more than $200 million in a funding round led by Development Partners International, as it seeks to expand its digital financial services across Africa and beyond.The Series C financing, which also included...Reuters
Tue, Oct 21
Genuine Parts cuts profit forecast on restructuring costs, tepid auto part demand
By Apratim Sarkar Oct 21 (Reuters) - Genuine Parts Co GPC.N on Tuesday cut its full-year profit forecast on higher restructuring costs and weak demand for auto parts.The company, which missed its third-quarter profit estimate, also disclosed a relationship with First Brands in its global automot...Reuters
Tue, Oct 21
GBP/JPY steady as Japan’s new leadership weighs on Yen, UK fiscal strain persists
The British Pound (GBP) gains traction against the Japanese Yen (JPY) on Tuesday, as the Yen weakens across the board following Japan’s parliamentary vote earlier in the day that confirmed Sanae Takaichi as the country’s new Prime Minister.
Fxstreet
Tue, Oct 21
Takaichi elected Japan's premier, shattering glass ceiling with hard-right turn
Takaichi becomes Japan's first female prime ministerTakaichi's election marks a shift to the right in JapanEquity markets optimistic about Takaichi's economic policiesBy Mariko Katsumura and Tim Kelly TOKYO, Oct 21 (Reuters) - Hardline conservative Sanae Takaichi was elected Japan'...Reuters
Tue, Oct 21
FOREX-Yen falls to one-week low after Takaichi elected as Japan PM, dollar firms
Yen down 0.57%Dollar index hits six-day high as Trump trade deal optimism boosts market moodECB warns euro zone banks on potential US dollar funding pressuresBy Hannah Lang and Joice Alves NEW YORK/LONDON, Oct 21 (Reuters) - The yen eased to a one-week low on Tuesday after hardline conservative S...Reuters
Tue, Oct 21
EBRD could lend up to $1.5 billion for Central Asia hydro plant
Demand for renewables is increasing, EBRD president says Kambar-Ata 1 is one of largest projects in the regionBank could extend three loans of $500 million eachBy Libby George, Karin Strohecker and Simon Jessop LONDON, Oct 21 (Reuters) - The European Bank for Reconstruction and Development could ...Reuters
Tue, Oct 21
USD/CAD steadies as hot Canadian CPI data trims BoC rate cut bets
The Canadian Dollar (CAD) steadies against the US Dollar (USD) on Tuesday, with USD/CAD erasing earlier gains following stronger-than-expected September inflation data. At the time of writing, the pair is trading around 1.4030, easing from session highs.
Fxstreet
Tue, Oct 21
FOREX-Yen falls to one-week low after Takaichi elected as Japan's PM, dollar firms
Yen down 0.85%Dollar index hits six-day high as Trump's trade deal optimism boosts market moodECB warns euro zone banks on potential U.S. dollar funding pressuresSterling steady despite UK's high borrowing By Joice Alves and Rae Wee LONDON, Oct 21 (Reuters) - The yen eased to a one-week l...Reuters
Tue, Oct 21
Genuine Parts cuts profit forecast on restructuring costs, tepid auto part demand
Oct 21 (Reuters) - Genuine Parts Co GPC.N on Tuesday cut its full-year profit forecast on higher restructuring costs and weak demand for auto parts.The company also missed its third-quarter profit estimate.High interest rates, rising costs and tariffs, along with persistent inflation, have led U.S. ...Reuters
Tue, Oct 21
Bank of England's Bailey says First Brands, Tricolor collapses may herald worse to come
By William Schomberg and David Milliken LONDON, Oct 21 (Reuters) - The recent collapses of U.S. car parts maker First Brands and auto dealership Tricolor may be a warning of much bigger financial problems to come and the Bank of England plans a more detailed probe, Governor Andrew Bailey said on ...Reuters
Tue, Oct 21
Sterling steadies against euro after UK borrowing overshoot
By Joice Alves LONDON, Oct 21 (Reuters) - Sterling was little changed against the euro despite data on Tuesday showing Britain's borrowing in the first half of the financial year was the highest since the pandemic, as investors said a tough budget next month is already priced in.Against the e...Reuters
Tue, Oct 21
Bank of England's Bailey says First Brands, Tricolor collapses may be warning of worse to come
LONDON, Oct 21 (Reuters) - The recent collapses of U.S. car parts maker First Brands and auto dealership Tricolor may be a warning of bigger, systemic risks for the financial system, Bank of England Governor Andrew Bailey said on Tuesday."Are these cases idiosyncratic or are they what are called...Reuters
Tue, Oct 21
NZD/USD Price Forecasts: Kiwi is testing support at the 0.5700 area
New Zealand Dollar’s rejection at the 0.5750-0.5760 resistance area on Monday has reactivated bearish pressure on the pair, pushing prices to the bottom of last week’s trading range, right above 0.5700, which is being tested at the moment.Positive comments from US President Trump, who showed hopes o
Fxstreet
Tue, Oct 21
Syria hopes to have US sanctions formally lifted in coming months, says economy minister
LONDON, Oct 21 (Reuters) - Syria hopes that U.S. sanctions against the country will be formally lifted in the coming months, the country's Economy Minister Mohammad Nidal al-Shaar told Reuters on Tuesday. U.S. President Donald Trump ordered most sanctions lifted on the country in May after meeti...Reuters
Tue, Oct 21
Life sciences firm Danaher beats Q3 revenue estimates
OverviewDanaher Q3 revenue up 4.5% yr/yr to $6.1 bln, beating analysts' expectationsAdjusted EPS for Q3 at $1.89, exceeding expectationsCompany attributes growth to bioprocessing and higher-than-expected respiratory revenue at CepheidOutlookDanaher maintains full-year adjusted EPS guidance of $7...Reuters
Tue, Oct 21
USD/JPY surges as BOJ hike odds collapse ahead of CPI data – BBH
USD/JPY rallied by roughly 0.8% to 151.60. Unverified sources signal that Bank of Japan (BOJ) officials are of the view there’s no urgency to hike the benchmark rate next week. Interest rate futures quickly slashed BOJ October rate hike bets from 25% to under 10%, BBH FX analysts report.Fxstreet
Tue, Oct 21
