SHANGHAI/SINGAPORE (Reuters) – China is widely expected to leave lending benchmark rates unchanged at a monthly fixing on Monday, a Reuters survey showed, after the central bank surprised markets by holding a key policy rate unchanged. The loan prime rate (LPR) normally charged to banks’ best clients is calculated each month after 18 designated commercial …
China set to leave lending benchmark LPRs unchanged – poll Read More »
WASHINGTON (Reuters) – The Industrial and Commercial Bank of China Ltd and its New York branch will pay $32.4 million in penalties for the unauthorized use and disclosure of confidential supervisory information, the Federal Reserve announced Friday. The Fed said the joint action, taken with New York’s Department of Financial Services (NYDFS), came after the …
CHICAGO (Reuters) – The U.S. Department of Agriculture (USDA) on Friday confirmed private sales of 297,000 metric tons of U.S. soybeans to China, the first soybean sales announcement under its daily reporting rules since Dec. 19 and the first to the world’s top buyer of the oilseed since Dec. 15. The sales announcement came a …
USDA confirms first big US soy sale to China since mid-December Read More »
By Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s economy in the fourth quarter of 2023 likely expanded 3.4% from a year earlier, marginally faster than the previous three-month period, though a slump in exports and easing activity signaled weakening momentum. While all major sectors registered an expansion in the October-December period, growth in construction slowed to …
Malaysia’s economy likely expanded in Q4 but outlook cloudy Read More »
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Hedge fund Bridgewater Associates’ China business is set to grow to about 40 billion yuan ($5.56 billion) following a fresh round of fundraising, a source familiar with the matter said, marking a doubling of assets over the past year while local rivals have struggled. The …
Bridgewater draws more investors in China, nearly doubles assets Read More »
BANGKOK (Reuters) – Thai Prime Minister Srettha Thavisin said on Friday his government will move ahead with its flagship $14.3-billion ‘digital wallet’ handout scheme, though it may be delayed. Srettha, who has been touting the policy as a stimulus measure necessary to revive a sluggish economy, did not specify a launch date. Earlier this week, …
Thai PM: ‘digital wallet’ handout scheme may be delayed Read More »
By Una Galani, and Peter Thal Larsen DAVOS, Switzerland (Reuters) -India could ease its heightened scrutiny of Chinese investments if the two countries’ border remains peaceful, a senior Indian official said in the first signal that the four-year-old curbs could be lifted. Border tensions, the biggest irritant to relations between the nuclear-armed Asian giants, have …
Exclusive-India could ease China investment curbs if border stays calm Read More »
By Devjyot Ghoshal and Chayut Setboonsarng BANGKOK (Reuters) – The sole Thai distributor of BYD, the world’s biggest electric vehicle maker, will triple its dealerships in Thailand in two years, it said, helping to cement the Chinese automaker’s dominant position in its top overseas market. BYD overtook Tesla as the world’s top EV maker in …
Exclusive-BYD’s Thai distributor to triple EV dealerships, expand commercial offerings Read More »
TAIPEI (Reuters) -Taiwanese chipmaker TSMC’s Taipei-listed shares soared on Friday after the company gave a bullish outlook on the back of the boom in artificial intelligence (AI), delivering a massive shot in the arm for stocks at home and abroad. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a major Apple …
TSMC’s bullish outlook cheers Asian stocks, Taiwan govt Read More »
By Samuel Shen and Vidya Ranganathan SHANGHAI/SINGAPORE (Reuters) – In the face of intense pressure from authorities to help revive a sickly stock market, Chinese fund management companies are increasingly launching equity funds that are bankrolled mostly by the firm’s own money. China’s securities regulator has been nudging fund managers to prioritise the launch of …
Analysis-Chinese fund managers dig deep into own pockets to launch equity funds Read More »
