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Bloomberg Nato-led international peacekeeping mission in Kosovo (KFOR) boosted number and duration of routine patrols amid increased tensions with neighbouring Serbia, Gazeta newspaper reported. “KFOR is closely monitoring situation throughout Kosovo and remains focused on the day-to-day implementation of its mandate,” KFOR said in a statement to Gazeta on Monday. Tensions started last week when Kosovo, which unilaterally declared independence ...

Bloomberg Global monetary policy looks set to stay super easy well into 2022 even as central banks edge closer to dialing back their emergency support in the face of mounting inflation pressures. In the last week, the US Federal Reserve signaled it will start paring its massive bond-buying as soon as November and the Bank of England hinted for the ...

Bloomberg Siam Commercial Bank Pcl will maintain banking staff levels as Thailand’s biggest lender restructures its business spinning off some units into a new company. There will be no job losses at the banking operations, Chief Executive Officer Arthid Nanthawithaya said in Bloomberg Television interview on Monday. Siam Commercial will focus on profitability, fintech investments and other growth opportunities in ...

Bloomberg The Polish Supreme Court’s inability to provide guidance in Swiss franc-mortgage lawsuits gives local banks an opportunity to resolve their multi-billion zloty disputes directly with borrowers, according to the country’s financial markets regulator. The cases against about a dozen of Polish financial institutions, including PKO Bank Polski SA and Commerzbank AG’s unit MBank SA, have surged in recent months ...

Bloomberg India’s banks need to raise funds from markets for their growth rather than depend on the government for recapitalisation, Finance Minister Nirmala Sitharaman said. “Banks are today less burdened because books are cleaner,” Sitharaman said at the annual general meeting of the Indian Banks’ Association. “As a result they will able to go and raise money from markets. I ...

Bloomberg The biggest US banks appear to be sidestepping any fallout from the crisis at indebted developer China Evergrande Group that sparked a widespread selloff in stocks this week. Citigroup Inc has no direct lending exposure to Evergrande, a spokeswoman said. JPMorgan Chase & Co and Bank of America Corp also have no such links. Bank of America has no ...

Bloomberg Pressure is building for the municipal-bond market after a selloff in US Treasuries this week, according to Barclays Plc. Rates market volatility is one of the challenges facing state and local debt performance in the near-term, according to a September 24 note by strategists Mikhail Foux, Clare Pickering and Mayur Patel. Municipal bonds have posted losses this week but ...

Bloomberg The Italian government and UniCredit SpA are making progress in talks on a deal for the takeover of troubled lender Banca Monte dei Paschi di Siena SpA and could sign a preliminary accord by the end of the year. The Rome-based Finance Ministry is working to meet UniCredit’s demands in a deal that may cost the state more than ...

Bloomberg European stocks and US index futures rise as investors assessed whether global growth can withstand a slowdown in China and a global energy crunch. Contracts on the S&P 500 Index advanced 0.3% after a three-day rally in US stocks. Treasury yields advanced as traders braced for speeches by Federal Reserve policy makers this week. Tightening oil supplies sent West ...

Bloomberg Indian stocks are expected to move in a “calibrated manner” after the benchmark index more than doubled since March last year, driving up the valuations, according to Girish Pai, head of research at Nirmal Bang Equities Pvt. BSE Sensex index had touched the 60,000 mark for the first time on September 24, driven by optimism for recovery in businesses ...