Reuters Financial News

By Karin Strohecker and Vincent Flasseur

By Gibran Naiyyar Peshimam

(Reuters) — London Stock Exchange Group (LON:LSEG) is looking into using blockchain to build what it described on Monday as «an end-to-end digital market ecosystem to raise and transfer capital across asset classes».

By Pavel Polityuk, Tom Balmforth and Luiza Ilie

By Maggie Fick

By Divya Chowdhury

By Martin Quin Pollard, Laurie Chen and Liz Lee

US Federal Reserve may not hike rates in September following a jump in the US unemployment rate in August. “Data on Friday showed US job growth picked up in August, but the unemployment rate jumped to 3.8 per cent, while wage gains moderated. The economy created 110,000 fewer jobs than previously reported in June and July," reported Reuters.

real estate player sought approval from its creditors to extend the maturity on a 3.9 billion yuan ($540 million) onshore private bond in a vote that ended on Friday night. The extension means the developer can repay the debt in instalments over three years, instead of meeting its obligations by Saturday. The bond is not publicly traded," the Reuters reports added.

Danish drugmaker Novo Nordisk has launched its weight-loss injection Wegovy in Britain in a bid to expand its presence in the region and keep up with rising demand. The company said that Wegovy will be available in the UK ‘through a controlled and limited launch’. Wegovy has been shown to help patients reduce their body weight by around 15 percent when paired with exercise and lifestyle changes.

blockchain technology known for powering cryptocurrency, the Financial Times reported. The company had been examining the potential for a blockchain-powered trading venue for around a year and reached an «inflection point» where it decided to take plans forward, Murray Roos, head of capital markets at the LSE Group, told FT in an interview.

India's edible oil imports in August rose 5% to a record 1.85 million metric tons as refiners purchased more than 1 million tons of palm oil for the second consecutive month to build stocks for upcoming festivals, four dealers told Reuters. Higher purchases by the world's biggest importer of vegetable oils could help to lower palm oil stocks in Indonesia and Malaysia and support benchmark futures. The buying has helped strengthen soybean oil futures and could reduce inventories in sunflower oil-producing Black Sea countries. India's average monthly edible oil imports in the 2021/22 marketing year were 1.17 million tons, trade body Solvent Extractors' Association of India (SEA) said.

rupee ended 7 paise higher at 82.72 a dollar. Among other currencies, the Japanese yen strengthened 0.03% to 146.18 per dollar. The euro rose 0.05% to $1.0778, while sterling was last at $1.2596, up 0.06% on the day.

Financial Times. As per data analyzed for the FT by the Kyiv School of Economics, the four biggest banks in China have quadrupled their exposure to Russia's banking sector since the war in the Ukraine region, Bloomberg reported.

Mexican senator Xochitl Galvez has been announced as the presidential candidate of the opposition alliance that is set to take on President Andres Manuel Lopez Obrador's National Regeneration Movement (MORENA) in polls next year. Galve's nomination as the presidential candidate of the opposition alliance Frente Amplio por Mexico - or the Broad Front for Mexico was officially announced in a ceremony on Sunday and witnessed her supporters rallying near the Angel of Independence monument in the capital.

Kotak Mahindra Bank: Uday Kotak on 1 September announced to step down as managing director and chief executive officer of Kotak Mahindra Bank, and with this, the baton was passed to Joint Managing Director at Kotak Mahindra Bank -- Dipak Gupta. Gupta will carry out the duties of the MD and CEO until 31 December, which is subject to the approval of the RBI and the members of the bank.

use of coal to generate electricity as an increase in renewables is struggling to keep pace with record power demand, according to Reuters reports. India's electricity demand typically peaks in May when people crank up air-conditioners to beat the heat. It is unusual for India's electricity use to spike in August when temperatures are lower due to the annual monsoon.

CAIRO (Reuters) — Algeria's defence ministry said on Sunday its coastguard fired warning shots before firing directly at a man on a jet ski who entered Algerian waters, in an incident that a survivor said left two dead.

SULAIMANIYA, Iraq (Reuters) -Iraqi security forces deployed in the northern Iraqi oil city of Kirkuk on Sunday to prevent further violence as the death toll in clashes between ethnic groups the previous day rose to four, police and security sources said.

Danube River port infrastructure that is critical to Ukraine's grain exports, injuring at least two people in the attack on southern parts of the Odesa region on Sunday, Ukrainian officials said. The Danube has become Ukraine's main route for exporting grain since July, when Russia quit a U.N. and Turkey-brokered deal that had given safe passage to Kyiv's exports of grains, oilseeds and vegetables oils via the Black Sea. Sunday's attack took place the day before Russian President Vladimir Putin and his Turkish counterpart Tayyip Erdogan are due to hold talks in the Russian Black Sea resort of Sochi. Turkey has been pressing to revive the grain deal. Ukraine's South Military Command said on social media that at least two civilians were injured in the early morning attack on what it called «civil infrastructure of the Danube». The Ukrainian Air Force said air defence systems shot down 22 of the 25 Iranian-made Shahed drones launched by Russia.

(Reuters) -Russian drones hit Danube River port infrastructure that is critical to Ukraine's grain exports, injuring at least two people in the attack on southern parts of the Odesa region on Sunday, Ukrainian officials said.