India’s e-bus ambition hits financing speed bump
Indian banks are reluctantto lend to electric-bus makers for supply to ailing statetransport operators over concerns on recovery of dues, hurtingthe country’s goal of curbing vehicle emissions, said banking,industry and government sources.
Japan govt to revise accord with BOJ to make price target flexible -Kyodo
Japan’s government is set torevise a decade-old accord with the Bank of Japan (BOJ) statingthe central bank will aim to achieve its 2% inflation target “atthe earliest possible time”, Kyodo news agency reported onSaturday, citing government sources.
UPDATE 2-Foxconn unit to sell stake in Chinese chip firm Unigroup
Taiwan’s Foxconn,the world’s largest contract electronics maker, said on Fridayits subsidiary in China has agreed to sell its entire equitystake in embattled Chinese chip conglomerate Tsinghua Unigroup.
UPDATE 1-Citi, Revlon lenders reach deal over $500 mln accidental payment
Citigroup Inc reached anagreement with all 10 Revlon Inc lenders itmistakenly paid about $500 million on a loan, ending litigationof more than two years, a court document showed on Friday.
Citi ends litigation with Revlon lenders over $500 mln accidental payment
Citigroup Inc reached anagreement with all 10 Revlon Inc lenders that it mistakenly paidabout $500 million on a loan, a court document showed on Friday.
Crypto exchange Bitvavo says 280 million euros ‘locked’ at DCG
Bitvavo, a Dutchcryptocurrency exchange, said on Friday it has 280 million euros($296.30 million) locked at Digital Currency Group (DCG), aU.S.-based company.
UPDATE 1-Credit Suisse, BNP faulted by U.S. bank regulators for resolution plans
The U.S. Federal Reserveand the Federal Deposit Insurance Corp identified problems inthe so-called living wills of Credit Suisse Group AGand BNP Paribas SA detailing how the banks’ U.S.operations would be unwound in the event of bankruptcy.
Top U.S. Democratic campaign groups move to return Bankman-Fried donations
The Democratic Party’sthree top campaign groups are preparing to return over $1.1million they have received from imprisoned cryptocurrency tycoonSam Bankman-Fried, they said on Friday.
UPDATE 1-U.S. court decision paves way for depositor case against Lebanese bank
A U.S. court of appealsdetermined this week that cases against Lebanese commercialbanks can be tried outside Lebanon, according to a decision seenby Reuters, paving the way for more cases by depositors seekingto unlock their frozen funds.
TREASURIES-U.S. bonds mixed as hawkish central banks trigger global sell-off
U.S. Treasuries were mixedon Friday, with longer-term bond yields rising in line withglobal bonds, while short-term paper continued to challenge theFederal Reserve’s guidance on protracted monetary policytightening. Volatility in U.S. government bond yields, which moveinversely to prices and had fallen on Thursday, was also partlythe result of thin trading ahead of the holiday season.