(Reuters) -HSBC shares fell 6% in London from near record levels after the British bank announced plans to buy out minorities in its majority-held Hang Seng Bank subsidiary in a deal worth around $13.6 billion. “While strategic rationale is compelling, and this seems a sensible overall use of capital, we expect investors will query why …
HSBC shares slide 6% from peaks on Hang Seng buyout move Read More »
JAKARTA (Reuters) -Indonesia has asked miner Freeport to conduct an evaluation after a mud flow disaster at its Grasberg copper and gold mine, which killed seven workers, a mining ministry official said on Thursday. (Reporting by Fransiska Nangoy; Editing by David Stanway)
(Reuters) -The International Monetary Fund (IMF) has reached a staff-level agreement with Sri Lanka to complete the fifth review of its reform program, paving the way for access to about $347 million in financing, the organisation said on Thursday. The country will have access to the financing once the review is approved by the IMF …
IMF, Sri Lanka reach staff-level agreement for $347 million in financing Read More »
By Chayut Setboonsarng and Orathai Sriring BANGKOK (Reuters) -Thailand will spend 10 billion baht ($307 million) to buy bad debt this month, the finance minister said on Thursday, as part of its plans to revive its sluggish economy. Thailand’s stubbornly high levels of household debt have shackled the economy for several years, with the ratio …
Thailand to spend $307 million to buy bad household debt, stocks edge up nearly 1% Read More »
SINGAPORE (Reuters) -HSBC on Thursday proposed to take Hong Kong-listed Hang Seng Bank private for HK$155 per share, valuing the lender at about HK$290 billion ($37 billion). HSBC, which already owns roughly 63% of Hang Seng, said it will keep the Hang Seng brand and branch network if the deal goes through. WHAT IS HANG …
Factbox-What is Hang Seng Bank and what does HSBC’s proposed privatisation entail? Read More »
BEIJING (Reuters) -Solar glass producer Haikong Sanxin New Energy Materials will apply for bankruptcy to curb mounting losses, in the latest sign of the financial difficulties facing the solar industry in China, home to around 80% of global production. Haikong Sanxin posted a net loss of 194.5 yuan ($27.3 million) for January-June 2025 and 659 …
Chinese solar glass producer Haikong Sanxin to file for bankruptcy Read More »
By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) -The yen’s current weakness benefits the economy and the hit to households from rising import costs can be offset by aggressive fiscal spending, said Takuji Aida, an economist advising the policy circle of Japan’s likely new premier Sanae Takaichi. In an interview with Reuters, Aida brushed off …
Adviser to Takaichi’s policy circle says weak yen is good for economy Read More »
By Leika Kihara and Takahiko Wada TOKYO (Reuters) -The Bank of Japan can raise interest rates if prospects of durably meeting its 2% inflation target improve, but would struggle to justify doing so this year given weak signs in the economy, former deputy governor Masazumi Wakatabe told Reuters. Wakatabe, who is known as a fiscal …
BOJ will find another rate hike this year difficult, says ex-deputy governor Read More »
By Andrea Shalal WASHINGTON (Reuters) -The world economy has proven more resilient than expected despite acute strains from multiple shocks, the head of the International Monetary Fund said on Wednesday, forecasting only a slight slowing of global growth this year and in 2026. IMF Managing Director Kristalina Georgieva said recent economic data showed a softening …
IMF chief says global economy doing ‘better than feared,’ downside risks dominate Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Well, that time out in the ‘everything rally’ didn’t last long. Wall Street and precious metals hit new highs on Wednesday as investors shrugged off any potential reason to play safe, such as the …
