Venezuela limits COVID-19 insurance payouts as cases rise

Venezuela limits COVID-19 insurance payouts as cases rise
FILE PHOTO: A teacher receives a dose of the Chinese Sinopharm COVID-19 vaccine at a public school in Caracas, Venezuela March 25, 2021. REUTERS/Leonardo Fernandez Viloria NO RESALES. NO ARCHIVES/File PhotoCARACAS (Reuters) - Venezuela has set limits on insurance payouts for COVID-19 patients, according to a document seen by Reuters on Wednesday, as the South… Read More

Tech lifts S&P 500, Nasdaq; indexes post gains for quarter

Tech lifts S&P 500, Nasdaq; indexes post gains for quarter
(Reuters) - The S&P 500 and Nasdaq rose on Wednesday, boosted by gains in technology shares, and the three major Wall Street indexes registered their fourth straight quarterly rise as investors positioned themselves for President Joe Biden’s massive infrastructure plan.Bets on a strong economic rebound supported Wall Street during the quarter even as jitters cropped… Read More

Chile regulator approves $3 billion Chinese takeover of Naturgy unit

Chile regulator approves $3 billion Chinese takeover of Naturgy unit
FILE PHOTO: The logo of Spanish energy company Naturgy at its headquarters in Madrid, Spain, October 9, 2018. REUTERS/Sergio PerezSANTIAGO (Reuters) - Chile’s competition regulator on Wednesday approved a $3 billion takeover by China’s State Grid International Development of Spanish power company Naturgy’s Chilean unit Compania General de Electricidad (CGE).Spain’s Naturgy said last November it… Read More

Central bank digital cash may unleash flood of new payments players, says BIS

Central bank digital cash may unleash flood of new payments players, says BIS
* CBDCs could spark wave on non-bank payment firms* But Big Tech payment offerings risk stifling competitionLONDON, March 31 (Reuters) - Central bank digital currencies could spark a wave of new, non-bank players in retail payments and shake up the sector, the Bank for International Settlements said on Wednesday.Major central banks have stepped up efforts… Read More