(Reuters) – French cognac makers rallied on Tuesday after President Emmanuel Macron flagged his Chinese counterpart’s “open attitude” amid a trade dispute that could see possible tariffs imposed by China on EU brandy imports. Shares in Pernod Ricard and Remy Cointreau surged 3% and 6% respectively by 0800 GMT, and stayed among top performers on …
French cognac makers rally on China’s ‘open attitude’ to probe Read More »
By Hadeel Al Sayegh DUBAI (Reuters) – Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its shareholders despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil prices and volumes sold. The Saudi government, which directly holds about 82.2% of Aramco, …
Saudi Aramco maintains $31 billion dividend despite lower Q1 net income Read More »
By Neil Jerome Morales and Yantoultra Ngui MANILA/SINGAPORE (Reuters) -The Philippines’ largest telecommunications group PLDT is in talks to sell up to 49% of its data centre business to Japan’s Nippon Telegraph and Telephone (NTT), PLDT Chairman Manuel Pangilinan told Reuters on Tuesday. The deal could value the data centre business at $750 million, said …
Philippines’ PLDT in talks to sell up to 49% of data centre business to Japan’s NTT Read More »
SHANGHAI (Reuters) – China International Capital Corp (CICC) may reduce its investment banking headcount by at least 10% this year, two people with knowledge of the matter said, as a capital market downturn and sluggish economy darken prospects. Beijing-based CICC, which had about 2,400 investment banking staff at the end of 2023, is considering cuts …
By Scott Murdoch SYDNEY (Reuters) -Chinese electric vehicle maker Zeekr Intelligent Technology Holding will close its New York initial public offering (IPO) bookbuilding to raise up to $367.5 million on Wednesday, according to two sources with direct knowledge of the matter. The company, the premium brand of Chinese automaker Geely, had planned to close the …
China’s Zeekr to close $367.5 million New York IPO one day early, sources say Read More »
SEOUL (Reuters) – South Korea’s foreign exchange reserves dropped in April by the biggest amount in 19 months as authorities intervened in the currency market to curb weakness in the won currency. Reserves stood at $413.26 billion at the end of April, down $5.99 billion from $419.25 billion a month earlier, central bank data showed …
South Korea FX reserves log biggest monthly drop in 19 months on intervention Read More »
NEW YORK (Reuters) – A U.S. judge on Monday formally ended the U.S. government’s criminal case against Goldman Sachs related to the Wall Street bank’s work for the Malaysian fund 1MDB after it met its obligations and paid $2.9 billion in penalties. Chief Judge Margo Brodie of the federal court in Brooklyn dismissed a bribery …
Goldman Sachs criminal case over 1MDB formally ends Read More »
By Gilles Guillaume PARIS (Reuters) – China’s premium electric vehicle maker Nio is on track to unveil a new model under a mass-market brand by the end of this month and a second smaller EV to be sold in Europe next year for less than $30,000, a senior executive told Reuters on Monday. Nio has …
Nio on track to unveil its first mass-market car in May, executive says Read More »
PARIS (Reuters) – French and Chinese companies signed on Monday deals ranging from energy, finance and transport on the sidelines of Chinese President Xi Jinping’s visit to the French capital. WHY IT’S IMPORTANT French President Emmanuel Macron and EU Commission chief Ursula von der Leyen urged Xi in Paris to ensure more balanced trade with …
French and Chinese firms ink deals on sidelines of Xi’s Paris visit Read More »
By Gursimran Mehar (Reuters) -China’s Ping An Insurance Group Co the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move. …
Ping An votes against reappointment of HSBC CEO as director, source says Read More »
