(Reuters) – The Bank of Japan is set to decide on ending its negative interest rate policy and also call time on its yield curve control and purchase of risk assets at its board meeting through Tuesday, Nikkei newspaper reported on Monday. The country’s central bank, which is holding a two-day policy meeting is preparing …
BOJ to call time on negative interest rates and end yield curve control – Nikkei Read More »
By Andres Gonzalez, Pablo Mayo Cerqueiro and Sergio Goncalves LONDON/LISBON (Reuters) – Fosun International is open to selling its remaining stake in Portugal’s Millennium bcp after disposing of some shares earlier this year, two sources familiar with the matter told Reuters. The Chinese conglomerate, which aims to boost its working capital amid what analysts see …
Exclusive-Fosun open to sale of Portuguese bank stake, sources say Read More »
BEIJING (Reuters) -China has changed the rules for consumer finance firms for the first time in a decade, setting a higher bar for non-bank financial businesses providing small personal loans in the world’s second-largest economy. The stricter measures, which will take effect on April 18, come amid a regulatory tightening across China’s financial sector, despite …
China sets higher bar for consumer finance companies Read More »
BEIJING (Reuters) – Chinese military and state-run media on Sunday accused the United States of threatening global security, days after a Reuters report which found Elon Musk’s SpaceX was building hundreds of spy satellites for a U.S. intelligence agency. SpaceX’s Starshield unit is developing the satellite network under a classified $1.8 billion contract with the …
China’s military, state media slam U.S. after Reuters report on SpaceX spy satellites Read More »
By Ellen Zhang and Joe Cash BEIJING (Reuters) -China’s factory output and retail sales beat expectations in the January-February period, marking a solid start for 2024 and offering some relief to policymakers even as weakness in the property sector remains a drag on the economy and confidence. Monday’s data join recent better-than-expected exports and consumer …
China’s upbeat industrial output, retail sales tempered by frail property Read More »
BEIJING (Reuters) – Freshippo, the groceries arm of e-commerce giant Alibaba Group, told staff that its CEO Hou Yi would retire, according to an internal letter seen by Reuters on Monday. Current CFO Yan Xiaolei will take on the CEO role, while Hou will continue as consultant to the company, the letter said. (Reporting by …
Alibaba groceries arm Freshippo CEO to step down Read More »
(Reuters) – China’s CNOOC Ltd has made a major oilfield discovery in the Bohai Sea, adding over 100 million tons of oil equivalent proved in-place volume, the state-owned oil and gas giant said on Monday. The discovery was made at the Qinhuangdao 27-3 oilfield located in the north-central waters of the Bohai Sea, the company …
China’s CNOOC discovers 100 million ton oilfield in Bohai Sea Read More »
(Reuters) – China’s Gotion filed a lawsuit on Friday against Green Charter Township in Michigan, citing breach of contract over the connection of water lines to its planned $2.36 billion battery component plant in the state. Gotion’s plant, located in Big Rapids, about 60 miles (97 km) north of Grand Rapids, was expected to create …
China’s Gotion sues US township for breach of contract over $2.4 billion plant Read More »
KUALA LUMPUR (Reuters) -Google Malaysia on Monday apologised for misquoting the ringgit’s exchange rate, after the country’s central bank called out its error, saying the tech giant had undervalued the currency against the dollar. The ringgit, which declined to a 26-year low last month, has weakened about 2.44% this year. Bank Negara Malaysia (BNM) has …
Google Malaysia apologises for misquoting ringgit exchange rate Read More »
By Sam Nussey TOKYO (Reuters) – Japanese chip materials maker JSR said on Monday that state-backed fund JIC would launch a tender offer for its shares on March 19 as it no longer requires approval from Chinese regulators. The tender offer was slated to begin at the end of last year but JIC in December …
Japan state-backed fund to launch tender offer for JSR shares on March 19 Read More »
