By Selena Li HONG KONG (Reuters) – HSBC Global Private Banking has launched its business in the large Chinese cities of Chengdu and Hangzhou, it said on Tuesday, to try to capture a bigger share of the local market as uncertainties cloud potential for China’s wealth growth. The bank also said it plans to explore …
HSBC extends Chinese private banking network to lure new digital millionaires Read More »
By Mohi Narayan and Heekyong Yang (Reuters) – South Korea’s petrochemical operators have shut their naphtha crackers for maintenance in October, sources told Reuters on Tuesday. LG Chem Ltd has shut its 1.16 million tonne naphtha cracker for maintenance scheduled to last until November, industry sources said. “LG Chem began scheduled maintenance for its Yeosu …
South Korean naphtha crackers shut for maintenance Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka will remain a middle-income country but request the World Bank to grant it some loans generally offered to poorer nations, the president’s office said on Tuesday, clarifying a cabinet spokesperson’s earlier comments on the matter. The island nation of 22 million is facing its worst economic crisis …
Sri Lanka to keep ‘middle-income’ status but seek concessional loans Read More »
By Simon Johnson and Johan Ahlander STOCKHOLM (Reuters) – A trio of U.S. economists including former Federal Reserve Chair Ben Bernanke won this year’s Nobel Economics Prize on Monday for laying the foundation of how world powers now tackle global crises like the recent pandemic or the Great Recession of 2008. The trio, who also …
Banking crisis breakthroughs win Nobel economics prize for Bernanke, Diamond, Dybvig Read More »
(Reuters) -Singapore Telecommunications Ltd said on Monday its unit Dialog faced a cyber attack that potentially affected 1,000 current and former employees and fewer than 20 clients, weeks after a massive data breach at another Australian unit – Optus. The breach at Optus, Australia’s second-largest mobile operator, late last month compromised data of up to …
Singtel’s second unit faces cyber attack weeks after Optus data breach Read More »
MANILA (Reuters) – Philippines President Ferdinand Marcos Jr on Monday signed into law a measure making cellphone SIM registration compulsory, in a key step towards fighting text scams, bank fraud and misinformation. The law will require users to furnish full names and identity documents before buying a SIM card, with the aim of preventing criminals …
Philippines makes cellphone SIM registration compulsory to fight scams, fraud Read More »
By Sinéad Carew and Amanda Cooper NEW YORK/LONDON (Reuters) – The MSCI global index of stocks lost ground on Monday while the dollar gained slightly as investors waited for economic data and earnings season and after Russian missiles pounded cities across Ukraine. Any lingering hopes that the Federal Reserve could shift to a softer stance …
Stocks ease as investors eye economic data, rate hikes Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rose for a fourth straight session on Monday as investors looked to inflation data later this week that is likely to show that price pressures remain elevated in the world’s largest economy, keeping the Federal Reserve’s aggressive monetary policy on track to continue until next year. …
U.S. dollar advances as investors look to inflation data this week Read More »
By Florence Tan SINGAPORE (Reuters) – Saudi Aramco has told at least seven customers in Asia they will receive full contract volumes of crude oil in November ahead of the peak winter season, several sources with knowledge of the matter said on Monday. The producer is keeping supplies to Asia steady despite likely production cuts …
Saudi Aramco to maintain full oil supplies to Asia in Nov despite OPEC+ cuts Read More »
ALMATY (Reuters) – The International Monetary Fund urged Kazakhstan on Monday to hike interest rates and said fiscal consolidation plans could also help curb runaway inflation in the oil-rich Central Asian nation. Kazakhstan’s annual inflation surged to a 14-year high of 17.7% in September against the background of growing government spending, supply chain disruptions and …
IMF urges Kazakhstan to tighten monetary, fiscal policies Read More »
