By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Bridgewater has doubled its fund assets in China to more than 20 billion yuan ($2.93 billion) over the past year, according to two sources and government data, a feat that cements its position as the biggest foreign hedge fund in the country. The jump was …
Dalio’s Bridgewater cements rank in 2022 as top foreign hedge fund in China Read More »
SHANGHAI (Reuters) – China’s passenger vehicle sales totalled 2.19 million units in December, up 2.4% from the same period in 2021, the China Passenger Car Association (CPCA) said on Tuesday. (Reporting by Zhang Yan, Brenda Goh; Editing by Andrew Heavens)
By Neil Jerome Morales MANILA (Reuters) – The Philippine central bank chief on Tuesday confirmed interest rates would likely need to rise a further 25 or 50 basis points at next month’s policy meeting, though said pressure to match rate hikes by the U.S. Federal Reserve was waning. “The pressure on us to match U.S. …
Philippines central bank flags 25 or 50 bps rate hike next month Read More »
BANGKOK (Reuters) – Thailand’s cabinet on Tuesday approved a budget of 3.35 trillion baht ($100 billion) for the fiscal year 2024. The new budget is 5.18% bigger than the previous year, government spokesperson Anucha Burapachaisri said. ($1 = 33.4900 baht) (Reporting by Chayut Setboonsarng and Panarat Thepgumpanat; Editing by Martin Petty)
A look at the day ahead in European and global markets from Anshuman Daga: The strong start to equity markets this year has got bulls excited but markets know it’s better to be well behaved before Federal Reserve Chair Jerome Powell speaks. Asian stocks edged lower on Tuesday after recent gains even as Asian tourism-focused …
By Minwoo Park, Chris Gallagher and Jiraporn Kuhakan SEOUL/TOKYO/BANGKOK (Reuters) – South Korean and Japanese shop owners, Thai tour bus operators and K-pop groups are among those celebrating China’s border reopening as businesses around Asia rekindle ties with the region’s largest economy. China was the world’s largest outbound tourism market before the pandemic, and the …
Asian tourism-focused businesses ready for China rebound as border reopens Read More »
(Reuters) – Chinese tycoon Xiang Guangda’s Tsingshan Holding Group (THG) is in talks with several struggling copper plants to process nickel, Bloomberg News reported on Monday, citing people familiar with the matter. THG, one of the world’s top nickel producers, faced massive losses on its short positions after prices soared to more than $100,000 per …
Tsingshan in talks with Chinese copper plants to process nickel-Bloomberg News Read More »
SHANGHAI (Reuters) – Investors should avoid Chinese currency risk and adapt to higher foreign exchange volatility, three state financial newspapers in Shanghai and Beijing said in front-page commentaries on Tuesday after more than a week of strong gains by the yuan. The currency may have strengthened, but this year it would be volatile in both …
China state media warn of two-way volatility for yuan in 2023 Read More »
By David Randall NEW YORK (Reuters) -World stocks rallied on Monday to their highest levels since mid-December after China reopened its borders while benchmark Treasury yields drifted lower as investors scaled back expectations for further rate hikes by the Federal Reserve. The gains were broad across global equity markets, with Europe’s STOXX 600 near a …
Global stocks close in on 4-week highs, oil rises on hopes of ‘soft landing’ Read More »
(Reuters) -Seattle’s public school district filed a lawsuit against Big Tech claiming that the companies were responsible for a worsening mental health crisis among students and directly affected the schools’ ability to carry out their educational mission. The complaint, filed on Friday against Alphabet Inc, Meta Platforms Inc, Snap Inc and TikTok-owner ByteDance with the …
Seattle public schools blame tech giants for social media harm in lawsuit Read More »
