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Reuters

Facebook signs up partners for German news product, but Springer baulks
Technology

Facebook signs up partners for German news product, but Springer baulks

  • "Part of our user base wants to read more news," Jesper Doub, Facebook's director of news partnerships in Europe, told reporters.
  • Attempts by some platforms on the one hand to position themselves as news media, and on the other to fob off publishers with inadequate remuneration, are problematic.
Published 01 Mar, 2021 08:42pm
Mexico's Femsa reports quarterly loss, sees recovery on horizon
Business & Finance

Mexico's Femsa reports quarterly loss, sees recovery on horizon

  • A new wave of COVID cases and virus variants brought more stringent operating restrictions and again hampered customer mobility.
  • Short-term uncertainty levels remain high, but we anticipate an eventual recovery to take hold on the back of broad vaccination efforts and a pandemic that gradually cedes ground to normalcy as the year advances.
Published 01 Mar, 2021 08:31pm
Latam currencies rise as bonds stabilize, commodity prices rise
Markets

Latam currencies rise as bonds stabilize, commodity prices rise

  • Brazil's real rose 0.5% against a stronger dollar. A survey on Monday showed the pace of expansion in the country's manufacturing sector picked up again in February after three months of deceleration.
  • MXN bonds were the most sensitive during the 2013 & 2016 yields spikes and will likely be hit relatively more as US yields rise.
Published 01 Mar, 2021 08:29pm
Indian regulator proposes stricter rules on independent directors
Business & Finance

Indian regulator proposes stricter rules on independent directors

  • If either of the requirements are not met, a new person will not be appointed and existing independent directors can't be removed, SEBI said in its proposal, which is open for public consultation until April 1.
  • The proposal may be revised after SEBI receives public feedback, and there is no clear timeline on its implementation.
Published 01 Mar, 2021 08:21pm
Credit Suisse suspends supply chain finance funds
Business & Finance

Credit Suisse suspends supply chain finance funds

  • In a note to investors, Credit Suisse Asset Management said that "a certain part of the subfunds' assets is currently subject to considerable uncertainties with respect to their accurate valuation".
  • Greensill, into which the SoftBank Vision Fund, part of Japan's Softbank Group, has invested around $1.5 billion in recent years, was not immediately available for comment.
Published 01 Mar, 2021 08:18pm
Wells Fargo expands in precious metals after Scotiabank exit
Business & Finance

Wells Fargo expands in precious metals after Scotiabank exit

  • Scotiabank was for years the biggest global lender to the physical precious metals industry. It decided in 2018 to downsize and last year to exit the sector.
  • Other banks to have taken on Scotia staff since it began to shrink include Canada's Bank of Montreal (BMO) and Royal Bank of Canada (RBC).
Published 01 Mar, 2021 08:15pm