ROME (Reuters) – Italy has voted in favour of a European Union move to imposeprovisional tariffs on Chinese electric vehicles, a government source said on Monday. The European Union is imposing provisional tariffs of up to37.6% on EVs imported from China, ratcheting up tensions withBeijing in the EU’s largest trade case yet. This first vote …
Italy backed EU tariffs for China EVs – government source Read More »
By Selena Li HONG KONG (Reuters) – Goldman Sachs has appointed Sudarshan Ramakrishnan and Devarajan Nambakam as co-heads of investment banking in India, the latest Wall Street bank to bolster its leadership amid a rise in dealmaking opportunities in the country. Ramakrishnan and Nambakam, previously the bank’s co-chief operating officers in India, now report to …
Goldman Sachs names India investment banking co-chiefs, Hong Kong coverage head Read More »
BANGKOK (Reuters) -Thai renewable energy firm Energy Absolute (EA) appointed a new board on Monday, with chairman Somchainuk Engtrakul as acting chief executive, after the CEO and his deputy resigned over fraud accusations by the market regulator. In a statement, the company said it was operating normally and could meet its debt obligations. The firm …
Thailand’s Energy Absolute appoints acting CEO after fraud accusations Read More »
By Dave Graham ZURICH (Reuters) – Swatch Group, the world’s biggest watchmaker, reported a steep drop in first half sales and earnings on Monday as demand for luxury goods in China remained weak, but forecast business would improve significantly later in 2024. The Swiss maker of Tissot, Longines and Omega watches, as well as the …
Swatch sales, profits slump on weak China demand, hammering shares Read More »
(Reuters) – Goldman Sachs on Monday lowered its forecast for China’s 2024 gross domestic product to 4.9% from 5.0% after data showed that the country’s economy had slowed in the second quarter. The world’s second-largest economy grew 4.7% in April-June, official data showed, its slowest since the first quarter of 2023 and missing a 5.1% …
Goldman Sachs, J.P. Morgan trims China 2024 growth forecast Read More »
JAKARTA (Reuters) – The central banks of Indonesia and South Korea agreed to accelerate use of cross-border payments between the two countries in a new memorandum of understanding on Monday, Bank Indonesia said in a statement. “The MOU serves as a basis for the two countries to implement cross-border payments with industry players from each …
Indonesia, South Korean central banks to accelerate cross-border payments Read More »
BANGKOK (Reuters) -Thailand will finance a 500 billion baht ($13.8 billion) household handout scheme with the 2024 and 2025 budgets, a deputy finance minister said on Monday. The government has not reduced the size of the stimulus programme but it is expected to use about 450 billion baht, Julapun Amornvivat told reporters, adding the funding …
Thailand to fund $13.8 billion stimulus scheme with 2024, 2025 budgets, official says Read More »
(Reuters) – Investment funds Curi RMB Capital and Oasis Management are contesting the pricing of Taisho Pharmaceutical Holdings’ management buyout in court after failed negotiations over their forced divestment as minority shareholders, Nikkei newspaper reported on Monday. Taisho’s founding family gained 73% of the company in a tender offer in January for 8,620 yen per …
Japan’s Taisho Pharma faces claim over buyout price in court, Nikkei reports Read More »
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Sunday that we must stand firm against any form of violence that challenges democracy, after multiple shots rang out at a rally held by former President Donald Trump in Pennsylvania on Saturday. “I pray for former President Trump’s speedy recovery,” Kishida said in a post …
Japan PM Kishida says we must stand firm against violence after Trump rally shooting Read More »
BANGKOK (Reuters) – Thailand’s market regulator has accused renewable energy firm Energy Absolute’s (EA) CEO and Deputy CEO of fraud in procurement of equipment for the company. The charges against CEO Somphote Ahunai and Deputy CEO Amorn Sapthaweekul relate to the purchase of equipment from overseas and/or software for EA’s solar power plant during 2013-2015, …
Thai regulator accuses Energy Absolute CEO and deputy of fraud Read More »
