By David Gaffen NEW YORK (Reuters) -Oil prices rose on Wednesday as caution over tightening supply countered the negative impact of uncertain demand, and news that the United States will release more crude from its reserves. Brent crude futures for December settlement ended up $2.38, or 2.6%, to $92.41 a barrel. U.S. West Texas Intermediate …
Oil up in tight market as U.S. sets release of more reserves Read More »
(Reuters) -Zhejiang Geely Holding Group Chairman Li Shufu is considering raising the company’s stake in British luxury carmaker Aston Martin to up to 10%, Bloomberg News reported on Wednesday, citing people familiar with the matter. The Chinese automotive company had acquired a 7.6% stake in Aston Martin last month. Based on Aston’s closing share price …
Geely chairman eyes larger stake in Aston Martin – Bloomberg News Read More »
By Asif Shahzad ISLAMABAD (Reuters) -Pakistan is considering buying discounted Russian oil, its finance minister said on Wednesday, as he sought to allay concerns that the country might need to reschedule its Paris Club debt following devastating floods. Credit agency Moody’s cut Pakistan’s sovereign rating by one notch on Oct. 6, citing increased liquidity and …
Pakistan may buy discounted Russian oil – finance minister Read More »
By Sarah Wu HSINCHU, Taiwan (Reuters) – Rising Taiwan-China and U.S.-China tensions have brought “more serious” challenges for the semiconductor industry, the chairman of Taiwanese chipmaker TSMC said on Wednesday. Taiwan is a major producer of chips used in everything from cars and smartphones to data centres and fighter jets, and Taiwan Semiconductor Manufacturing Co …
Taiwan and U.S. tensions with China pose ‘serious’ challenges for chip industry – TSMC Read More »
By Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s Lovebonito Holdings, owner of the Love, Bonito female fashion brand and backed by investors including Chinese buyout firm Primavera Capital Group, is targeting opening its first U.S. physical store next year, its top executive said. “The U.S is really one of the big bet markets for us that …
Singapore’s Love, Bonito brand owner to open first U.S. store in 2023, eyes IPO Read More »
TOKYO (Reuters) -Japanese financial group SBI Holdings is considering delisting mid-size lender Shinsei Bank Ltd and will explore options with the country’s banking regulator, the Kyodo news agency reported on Wednesday. SBI said this month it planned to increase its stake to a majority 50.05% by the end of March. It raised its holding to …
Japan’s SBI considering delisting Shinsei, Kyodo says Read More »
By Toby Sterling AMSTERDAM (Reuters) -ASML Holding NV, a key equipment supplier to computer chip manufacturers, on Wednesday reported better-than-expected third-quarter sales and profit along with record new bookings, boosting its shares. Europe’s largest technology company also said it did not expect a large impact from U.S. sanctions on China. CEO Peter Wennink said customers …
ASML shrugs off slowdown, U.S. China sanctions, reports strong Q3 Read More »
By Leika Kihara and Kantaro Komiya TOKYO (Reuters) – Bank of Japan policymakers on Wednesday stressed the need to keep monetary policy ultra-loose to shield the economy from heightening overseas risks, ruling out the possibility of raising interest rates to slow the yen’s slump to 32-year lows. Finance Minister Shunichi Suzuki also warned investors against …
BOJ policymakers rule out countering weak yen with rate hike Read More »
By Georgina Lee and Donny Kwok HONG KONG (Reuters) – Hong Kong’s efforts to defend its pegged currency have pushed cash balances in the banking system to their lowest in nearly three years and driven interbank rates up sharply, with analysts expecting the property sector to feel the first pains. The aggregate balance banks maintain …
Hong Kong banking liquidity at tightest in two years, rates jump Read More »
By Selena Li Hong Kong (Reuters) -Hong Kong’s bourse operator said there were signs of new momentum in the initial public offering market as it posted a 30% drop in third-quarter profit on Wednesday, beating analyst expectations for a steeper fall. Hong Kong Exchanges and Clearing Ltd (HKEX) also said it had launched a two-month …
Hong Kong exchange proposes looser IPO rules for tech companies as profit falls Read More »
