KARACHI (Reuters) – Pakistan’s benchmark share index touched a lifetime high on Monday, breaching the key level of 74,000 points, and was trading up 1.3%. The index has surged 79.1% over the past year and is up 14.49% in the year to date. Pakistan last month completed a short-term $3 billion International Monetary Fund (IMF) loan programme, …
Pakistan benchmark stock index hits record high of 74,000 points Read More »
SEOUL (Reuters) -South Korea’s government signed an agreement on Monday with Alibaba’s AliExpress and PDD Holdings’ Temu to promote product safety, the Korea Fair Trade Commission (KFTC) said. The agreement comes after heightened regulatory scrutiny of AliExpress, Temu and other Chinese e-commerce platforms as they significantly expand their user base in South Korea. “Recently conducted …
South Korea signs agreement with AliExpress, Temu on product safety Read More »
(Reuters) -Global central banks are starting to break away from the pack as rate cuts roll out across Europe while borrowing costs in the U.S. may stay higher for longer, which is lifting the dollar. A key test of U.S. inflation is at the heart of the data calendar and could be the deciding factor …
By Moayed Kenany, Adam Makary and Timour Azhari BAGHDAD (Reuters) -Chinese companies won five more bids to explore Iraqi oil and gas fields, Iraq’s oil minister said on Sunday, as the Middle Eastern country’s hydrocarbon exploration licensing round continued into its second day. Chinese companies have been the only foreign players to win bids so …
Chinese companies win more bids to explore for Iraq oil and gas Read More »
(Reuters) -South Korea’s Korea Electric Power Corp (KEPCO) is in talks with the British government to build a nuclear power station off the coast of Wales, the Financial Times reported on Sunday. The state utility has held early-stage discussions with British officials at the Wylfa site in Anglesey, the newspaper said. Asked for comment, a …
South Korea’s KEPCO in talks to build UK nuclear plant, FT reports Read More »
BEIJING (Reuters) – China’s anti-graft watchdog said it was investigating the former chairman of China state-owned giant National Chemical Corp (ChemChina), for violations of discipline and law, along with another former company official. The investigations come after Swiss seeds and pesticides group Syngenta withdrew in March its bid for a long-delayed $9 billion IPO in …
China’s graft watchdog probes two former officials of ChemChina Read More »
BEIJING (Reuters) – Industrial and Commercial Bank of China said it would issue 30 billion yuan ($4.15 billion) worth of total loss-absorbing capacity (TLAC) bonds on May 15, marking the first issuance of such bonds by a Chinese bank. China’s major state-owned lenders face growing pressure to raise capital, especially as demands mount to support …
China’s ICBC to kick off TLAC bond sales with issuance of $4.15 billion Read More »
SEOUL (Reuters) – South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a “war” in the semiconductor industry. Finance Minister Choi Sang-mok said the government would soon announce details of …
South Korea prepares support package worth over $7 billion for chip industry Read More »
By Moayed Kenany, Timour Azhari and Adam Makary BAGHDAD (Reuters) -Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for hydrocarbon exploration that was primarily aimed at ramping up gas production for domestic use. An Iraqi Kurdish company also took two of the 29 projects up …
Chinese companies win licensing bids to explore Iraq oil and gas fields Read More »
By Joe Cash BEIJING (Reuters) -China’s consumer prices rose for a third straight month in April, while producer prices extended declines, signalling an improvement in domestic demand, as Beijing navigates challenges in its bid to shore up a shaky economy. The closely watched numbers follow better-than-expected imports data for April, suggesting a flurry of policy …
China’s consumer prices rise for third month, signalling demand recovery Read More »
