(Reuters) -Hong Kong’s banking regulator said on Thursday it had, in April, asked lenders operating in the region to try and meet the business needs of licensed crypto exchanges, responding to a report saying banks were under pressure to take such exchanges on as clients. The Hong Kong Monetary Authority’s (HKMA) comments were in response …
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By Saqib Iqbal Ahmed NEW YORK (Reuters) – Shares of U.S.-listed Chinese exchange traded funds edged higher on Thursday, tracking gains in the Chinese markets after the central bank cut borrowing costs to aid a shaky economic recovery and as investors pinned hopes on further stimulus. China’s stock markets rose on Thursday, with the benchmark …
TAIPEI (Reuters) – Taiwan’s government on Thursday agreed to fully open its market to imports of Canadian beef, lifting a stumbling block as Taipei angles to sign a bilateral investment agreement with Ottawa this year. Taiwan had previously banned imports of Canadian beef slaughtered more than 30 months earlier due to concerns about bovine spongiform …
Taiwan agrees to fully open to Canadian beef imports ahead of trade deal Read More »
By Foo Yun Chee BRUSSELS (Reuters) – EU industry chief Thierry Breton on Thursday urged more EU countries to join the 10 that have restricted or banned China’s Huawei and ZTE from their 5G telecoms networks, citing risks to the bloc’s collective security. Breton has in recent weeks voiced concerns that some EU countries still …
Breton urges more EU countries to ban Huawei, ZTE from networks Read More »
(Corrects first name of incoming Pirelli CEO in para 11) MILAN (Reuters) – Pirelli’s CEO said in a recent private meeting that he is “very confident” Rome will use its Golden Power to curb Chinese influence over the Italian tyremaker, deemed a strategic asset, a person with knowledge of the matter said. Italy’s right-wing government …
Pirelli CEO ‘confident’ Rome will act to curb Chinese influence over tyremaker -source Read More »
By Julie Zhu, Kane Wu and Selena Li HONG KONG (Reuters) -Goldman Sachs Group is cutting more than 30 banking jobs in Asia, two sources with knowledge of the matter said, as a challenging markets environment weighs on Wall Street banks’ dealmaking and trading revenues. The reduction in regional jobs, most of which are in …
Goldman cutting more than 30 Asia investment banking jobs – sources Read More »
By Paul Sandle LONDON (Reuters) -It has taken months of tortuous negotiations for Vodafone and CK Hutchison to agree a deal to create Britain’s biggest mobile operator, but from a regulatory standpoint the hard work is only just beginning. The $19 billion tie-up will be scrutinised by Britain’s Competition and Markets Authority, the antitrust regulator …
Vodafone and Hutchison’s UK mobile merger faces tough test yet Read More »
By Ellen Zhang and Kevin Yao BEIJING (Reuters) – China’s economy stumbled in May with industrial output and retail sales growth missing forecasts, adding to expectations that Beijing will need to do more to shore up a shaky post-pandemic recovery. The economic rebound seen earlier this year has lost momentum in the second quarter, prompting …
China’s economy slows in May, more stimulus expected Read More »
By Kevin Yao BEIJING (Reuters) – China will roll out more stimulus to support a slowing economy this year, but concerns over debt and capital flight will keep measures targeted at shoring up weak demand in the consumer and private sectors, sources involved in policy discussions said. The world’s second-largest economy stumbled in May with …
China eyes support for consumer, private sectors as growth falters Read More »
By Takaya Yamaguchi TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida’s administration will pledge to boost childcare spending and focus on sustaining wage hikes in its mid-year economic policy roadmap, a final draft obtained by Reuters showed on Thursday. The blueprint, expected to be approved by cabinet on Friday, comes amid simmering speculation Kishida could …
Japan’s Kishida to focus on spending, wages in policy roadmap – draft Read More »
