Reuters Asia Business

By Asif Shahzad ISLAMABAD (Reuters) -Pakistan will this week receive a new $700 million loan from China to help shore up its foreign exchange reserves, the South Asian country’s finance minister said on Wednesday. The credit facility, extended through the state-owned China Development Bank, comes as Pakistan is thrashing out a deal with the International …

China lends Pakistan further $700 million to shore up FX reserves Read More »

By Medha Singh and Lisa Pauline Mattackal (Reuters) – The world of stablecoins is suddenly looking shaky. Seismic shifts may be afoot in the $137 billion market after New York-based Paxos Trust Company, which mints Binance’s stablecoin, said it would cease issuing new BUSD tokens after U.S. regulators labeled the asset an unregistered security. The …

Cryptoverse: Tether tightens grip on wobbling world of stablecoins Read More »

By Lawrence White and Iain Withers LONDON (Reuters) – HSBC cut its annual bonus pool by 4% to $3.4 billion in 2022, the bank said on Tuesday, as a global slump in dealmaking led it to trim awards for its bankers. Despite the overall bonus cuts for staff, Chief Executive Noel Quinn saw his pay …

HSBC cuts staff bonus pool, lifts CEO Quinn’s total pay Read More »

By Foo Yun Chee and Stephen Nellis BRUSSELS (Reuters) -Microsoft Corp has struck a 10-year deal to bring “Call of Duty” and other Activision games to Nvidia Corp’s gaming platform, if the Xbox maker is allowed to complete its much-contested $69 billion acquisition of Activision. Regulators and competitors like Sony have come out hard against …

Microsoft inks Nvidia game deal to assuage regulators over Activision merger Read More »

(Reuters) -BlackRock Investment Institute raised U.S. short-term government bonds as well as Chinese and other emerging market stocks to “overweight” on Tuesday, saying investors were realizing that the U.S. Federal Reserve may have to become more aggressive in its campaign to subdue inflation. Macroeconomic data in recent weeks has pointed to a resilient economy with …

BlackRock ‘overweights’ China, Treasuries as inflation lingers Read More »

By Asif Shahzad ISLAMABAD (Reuters) -Pakistan expects to conclude talks with the International Monetary Fund over a staff level agreement as soon as this week, the country’s finance secretary said, in a crucial step towards unlocking funds to battle an economic crisis. An IMF mission spent more than a week in Islamabad earlier this month …

Pakistan finance secretary sees IMF staff level talks wrapping up this week Read More »

By Susanna Twidale LONDON (Reuters) – The price of carbon emissions permits in Europe’s carbon market, the world’s most established, hit a record high over 100 euros ($107) per tonne on Tuesday. Europe’s Emissions Trading System (ETS) is the bloc’s flagship scheme to help curb greenhouse gas emissions. Several other regions across the globe are …

Factbox-Global emission trading systems putting a price on pollution Read More »