By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Chinese companies are at the forefront of global stock offerings this year, with their issuances being facilitated by easy monetary settings at home and a lack of clarity on access to offshore capital markets. According to Refinitiv data, Chinese companies have raised $71.2 billion through initial public …
By Leika Kihara TOKYO (Reuters) – Japan’s weighted median inflation rate, which is closely watched as an indicator on whether price rises are broadening, hit a record 1.1% in October in a sign of heightening inflationary pressure from rising raw material and labour costs. The data will likely keep alive market expectations the Bank of …
BOJ’s price gauge hits record high in sign of broadening inflation Read More »
OSLO (Reuters) -A planned merger of Thai telecoms firms DTAC and True Corporation will not take place as planned this year, but may still go ahead in the first quarter of 2023, DTAC majority owner Telenor said on Tuesday. Plans for a new industry leader in Thailand, with a market share of more than 50% …
Thailand telecom merger faces delay, Norway’s Telenor says Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar rose against most major currencies on Monday, recouping recent losses, as fresh COVID-19 curbs in China fuelled worries over the global economic outlook and made traders shun riskier currencies. China’s capital warned on Monday that it was facing its most severe test of the …
Dollar rises as China COVID worries spook markets Read More »
By Ju-min Park SEOUL (Reuters) – In an upscale Seoul neighbourhood two years ago, a white Tesla Model X smashed into a parking lot wall. The fiery crash killed a prominent lawyer – a close friend of South Korea’s president. Prosecutors have charged the driver with involuntary manslaughter. He blames Tesla. Choi Woan-jong, who …
Tesla safety at centre of South Korean trial over fiery, fatal crash Read More »
By Laila Kearney NEW YORK (Reuters) – Oil prices rebounded from early losses on Monday after Saudi Arabia denied a report it was discussing an increase in oil supply with OPEC and its allies. Brent crude futures for January settled at $87.45, shedding 17 cents. U.S. West Texas Intermediate (WTI) crude futures for December settled …
Oil rebounds from early plunge after Saudis deny OPEC+ output report Read More »
(Reuters) – WeLab Ltd, a fintech company backed by investors including Sequoia Capital and Hong Kong billionaire Li Ka-shing, is weighing a new funding round that could value the firm at about $2 billion, Bloomberg News reported on Monday. WeLab, backed by investors like Allianz and Li Ka-Shing’s Tom Group Ltd, is looking to raise …
Hong Kong fintech WeLab seeks funds at $2 billion valuation -Bloomberg Read More »
TAIPEI (Reuters) – Taiwan’s export orders contracted more severely than expected in October on weak consumer demand hit by inflation and interest rate hikes, with the government warning that China’s insistence on a zero-COVID strategy would affect the outlook. Export orders, a bellwether for global technology demand, shrank 6.3% in October from a year earlier …
Taiwan Oct export orders down more than expected; outlook tough Read More »
By Jamie Freed (Reuters) -Cathay Pacific Airways Ltd will increase base pay by an average of 3.3% in 2023 and offer bonuses worth the equivalent of one month’s salary to Hong Kong-based staff meeting performance targets, its CEO said in a memo on Monday. “We have moved from ‘survival’ to ‘recovery’ and I am so …
Cathay Pacific to lift staff pay by 3.3%, offer bonus – CEO memo Read More »
By Anshuman Daga SINGAPORE (Reuters) – Standard Chartered expects Asia and the Middle East to outperform other regions even as spiralling inflation and a spike in borrowing costs risk tipping major global economies into a recession next year, a senior executive at the bank said. The London-headquartered lender has been beefing up its transaction banking …
StanChart sees Asia, Middle East as bright spots in weak global economy Read More »
