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Swiss watchdog seeks more tools to go after bad bankers - paper

ZURICH, Dec 5 (Reuters) - The chairperson of Switzerland's financial watchdog has called for more power to punish wayward bankers after a string of scandals tarnished the sector's international reputation. Marlene Amstad, head of the Swiss Financial Market Supervisory Authority's (FINMA) board of directors, told the SonntagsZeitung paper the agency
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Vivendi is open to discuss with Rome over state control on TIM's network

MILAN, Dec 5 (Reuters) - Telecom Italia's (TIM) top shareholder Vivendi VIV.PA is open to discussing the possibility that the Italian government wins control of TIM's fixed-line network, a spokesperson for the French company said on Sunday. The statement marks a shift in the stance of the French media group as TIM's investors get ready to evaluate
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Bahrain central bank plans to offer digital Dinar - Sky News Arabia

DUBAI, Dec 5 (Reuters) - The Central Bank of Bahrain plans to offer a digital Dinar through a digital payments platform which will be available around the clock, Sky News Arabia reported on Sunday. The central bank also aims to gradually raise the share of financing for small- and medium-sized enterprises to 20% of the financial portfolios of local

Amid Evergrande crisis, more Chinese developers to issue ABS

BEIJING, Dec 5 (Reuters) - Some of China's major property developers are planning to issue asset-backed securities in the near term, a further sign that regulators are marginally broadening financial channels for developers amid Evergrande's debt crisis. China Evergrande 3333.HK , wrestling with debts of more than $300 billion, said on Friday that

China securities regulator says govt policies have no "necessary connection" with overseas IPOs

BEIJING, Dec 5 (Reuters) - China's securities regulator said on Sunday that Beijing's policies are not aimed at specific industry or private firms, and have no "necessary connections" with companies seeking to list in overseas markets. The China Securities Regulatory Commision said it learned some companies are actively communicating with domestic

Saudi Aramco Updates On Case Brought By Heirs Of Khalid Abu Al-Waleed Al-Hood Al-Qarqani

Dec 5 (Reuters) - SAUDI ARABIAN OIL CO 2222.SE : * ANNOUNCES THE LATEST DEVELOPMENTS RELATED TO THE CASE BROUGHT BY HEIRS OF KHALID ABU AL-WALEED AL-HOOD AL-QARQANI AND APPEAL NOTICE SAUDI ARAMCO RECEIVED FROM THE U.S. DISTRICT COURT FOR THE SOUTHERN DISTRICT OF TEXAS * ANNOUNCE COURT OF APPEALS UNANIMOUS DECISION IN FAVOR OF SAUDI ARAMCO Source te

Factors to watch - December 5

DUBAI, Dec 5 (Reuters) - Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Stocks, yields slide after U.S. jobs report as Omicron looms * Oil rises as OPEC+ poised to act if demand weakens * PRECIOUS-Gol

Bukele steps up El Salvador's bet on sliding bitcoin; buys another 150 coins

SAN SALVADOR, Dec 4 (Reuters) - El Salvador President Nayib Bukele said the Central American country had acquired an additional 150 bitcoins after the digital currency's value slumped again, enlarging his bet on the cryptocurrency despite criticism. Bitcoin, the world's biggest and best-known cryptocurrency, is down about 30% from the year's high o

Bitcoin falls 9.2% to $48,782

Dec 4 (Reuters) - Bitcoin dropped 9.29% to $48,752.15 at 22:01 GMT on Saturday, losing $4,991.54 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 29.3% from the year's high of $69,000 on November 10. Ether ETH=BTSP , the coin linked to the ethereum blockchain network, dropped 3.61% to $4,070.52 on Saturda

Bitcoin falls 8.4% to $49,228.82

Dec 4 (Reuters) - Bitcoin dropped 8.4% to $49,228.82 at 20:01 GMT on Saturday, losing $4,514.87 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 28.7% from the year's high of $69,000 on Nov. 10. Ether ETH=BTSP , the coin linked to the ethereum blockchain network, dipped 2.69 % to $4,109.14 on Saturday, lo

Trump's social media venture says it has raised $1 bln

By Krystal Hu and Juby Babu Dec 4 (Reuters) - Donald Trump's new social media venture said on Saturday it had entered into agreements to raise about $1 billion from a group of unidentified investors as it prepares to float in the U.S. stock market. The capital raise, details Link of which were first reported by Reuters on Wednesday, underscored the

Bitcoin tumbles 9.95% to $48,397.56

Dec 4 (Reuters) - Bitcoin dropped 9.95% to $48,397.56 at 18:02 GMT on Saturday, losing $5,346.13 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 29.9% from the year's high of $69,000 on Nov. 10. Ether ETH=BTSP , the coin linked to the ethereum blockchain network, dropped 4.67 % to $4,025.67 on Saturday,

Iran walks back prior nuclear concessions -U.S. official

WASHINGTON, Dec 4 (Reuters) - Iran walked back any compromises it made in previous talks on reviving the 2015 nuclear deal, pocketed all compromises made by others and asked for more during indirect U.S.-Iranian talks this week, a senior State Department official said on Saturday. Iran continues to accelerate its nuclear program in provocative ways

Iran walks back all prior concessions in nuclear proposals -U.S. official

WASHINGTON, Dec 4 (Reuters) - Iran walked back all the compromises it made in previous talks on reviving the 2015 nuclear deal, it pocketed the compromises made by others and it asked for more in its latest proposals, a senior U.S. State Department official said on Saturday. Iran continues to accelerate its nuclear program in pretty provocative way

OPEC will continue with supply adjustments for oil market, chief says

MILAN, Dec 4 (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) will continue with its supply adjustments for the oil market, the OPEC Secretary General said on Saturday. "We will continue to do what we know best to ensure we attain stability in the oil market on a sustainable basis," Mohammad Barkindo said in a webinar organi

Erdogan says he hopes volatile Turkish lira will steady soon

By Azra Ceylan ISTANBUL, Dec 4 (Reuters) - Turkish President Tayyip Erdogan said on Saturday he hoped that volatile foreign-exchange and inflation rates would stabilise shortly and he again promised low interest rates, after a historic plunge in the lira currency to record lows. The lira shed some 30% over the last month in a selloff driven by aggr

South Africa's Eskom to implement scheduled power cuts as coal units fail

JOHANNESBURG, Dec 4 (Reuters) - South African utility Eskom said it would implement "Stage 2" scheduled power cuts from 9 p.m. local time (1900 GMT) on Saturday until 5 a.m. on Monday, after units failed at three of its coal plants and the return to service of another unit was delayed. "These constraints, together with higher demand yesterday and t

Erdogan says he hopes Turkish lira will steady soon

ISTANBUL, Dec 4 (Reuters) - Turkish President Tayyip Erdogan said on Saturday he hoped that foreign-exchange rates would stabilise shortly and again promised low interest rates, after a historic plunge in the lira currency to record lows. "God willing we will stabilise foreign-exchange rates in a short time period," Erdogan told an audience in the

Bitcoin falls by a fifth, cryptos see $1 bln worth liquidated

By Maria Ponnezhath and Vidya Ranganathan Dec 4 (Reuters) - Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies. Bitcoin BTC=BTSP was 12% down at 0920 GMT at $47,495. It fell as low as $41,967.5 during the session, tak

India detects third Omicron case, reports 415 19 deaths

By Sumit Khanna AHMEDABAD, Dec 4 (Reuters) - India reported its third case of the Omicron coronavirus variant on Saturday, government officials said, as total Covid-19 cases inched closer to the 35 million mark. Officials in the western state of Gujarat said the patient who tested positive for Omicron was a 72-year old man of Indian origin who had



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