Reuters Global Investor: Egypt central bank approves instant payment regulations

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Global Investor   Tweet       Share Egypt central bank approves instant payment regulations Egypt's central bank has approved regulations designed to allow people to make instant electronic payments between bank accounts using their mobile phones, it said in a statement on Monday. Tanzania central bank to go after individuals to reduce non-performing loans Tanzania's central bank said it would target indiciduals and government officials in new measures to reduce non-performing loans. Kenya's Equity Group launches COVID-19 loan business recovery plan Kenya's Equity Group Holdings said on Monday it had launched a 500 billion shilling ($4.48 billion) loan programme to help small and medium-sized businesses to recover from the effects of the COVID-19 pandemic. Ant Group starts to differentiate consumer loan business Jiebei from bank loans China's Ant Group said on Monday that it is making efforts to "differentiate" part of its short-term consumer loan business Jiebei, as it pursues a Beijing-led restructuring aimed at reining in some of its freewheeling businesses. ETF's big splash in MSCI's new China index puts pressure on FTSE China A50 Just two months after MSCI introduced its China mega-cap index, the first exchange-traded funds (ETFs) tracking the new index began trading in China on Monday, armed with $4 billion, matching the money tracking the long-established FTSE China A50. Chinese banks quicken home loan disbursement but caution prevails Some Chinese banks have sped up the disbursement of home loans in some cities, a relief to cash-strapped developers anxious to complete sales, but no wave of new credit is being unleashed just yet amid a heavy regulatory push to deleverage the sector. Australia's banking regulator looks into CBA's jump into crypto Australia's banking watchdog said it was examining the regulatory implications of Commonwealth Bank's 's planned introduction of bitcoin trading to unsophisticated retail investors - the first bank in Australia to do so. Italy's Banco BPM to take insurance in-house in new plan Italy's Banco BPM said on Friday it planned to acquire full ownership of its insurance partnerships as part of a new multi-year plan that aims to achieve net profit of more than 1 billion euros ($1.2 billion) in 2024. Personal finance firm NerdWallet valued at $1.5 bln in strong market debut NerdWallet Inc's shares rose nearly 31% in their stock market debut valuing the company at about $1.5 billion, as the firm joined a clutch of companies that have gone public to cash in on the high investor appetite for tech stocks. Insurer Lancashire's written premiums surge as rates improve Lancashire posted on Thursday a 47% surge in gross written premiums for the nine months ended September as the insurer took advantage of improving rates, while its property and casualty reinsurance business saw strong growth. Related Videos New Wall St. records on hiring surge, Pfizer pill Don't buy Peloton 'even at these levels' -advisor Inflation today differs from 1970's -advisor Your world. Your news. More Newsletters Get Reuters News App               © 2021 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions