By Davide Barbuscia, Marc Jones and Dhara Ranasinghe NEW YORK/LONDON (Reuters) – The scale and speed of the sell-off in British assets has jolted world markets, raising concern about contagion as chaos in a major developed economy adds to unease already generated by sharp interest rate rises from the United States and elsewhere. Following Friday’s …
Britain’s market rout stokes contagion fears around the globe Read More »
SHANGHAI (Reuters) -Investors dumped shares and bonds of Chinese property developers on Wednesday, after a media report that CIFI Holdings (Group) Co had defaulted added to worries over the crisis-stricken real estate sector. Hong Kong-listed shares of CIFI Holdings plunged 32.3% to a record low as of the market close on Wednesday, after credit intelligence …
China property shares, bonds slump as CIFI default report adds to sector woes Read More »
By Yantoultra Ngui SINGAPORE (Reuters) -Singapore-based ground handling and catering provider SATS Ltd is acquiring Paris-based Worldwide Flight Services (WFS) for 1.19 billion euros ($1.14 billion) cash in its largest ever deal, to create the world’s biggest global air cargo handler. The combined entity’s network covers trade routes responsible for more than 50% of global …
Singapore’s SATS in $1.1 billion deal to become biggest air cargo handler Read More »
By Scott Murdoch and Donny Kwok HONG KONG (Reuters) – Chinese electric vehicle maker Zhejiang Leapmotor Technology and China Vanke, unit Onewo Inc shares, two of Hong Kong’s largest inital public offerings (IPO) of 2022, are set to open in the red, according to grey market trading on Wednesday. Leapmotor shares, priced at HK$48 each …
Hong Kong’s largest IPOs for 2022 set to open in the red on Thursday Read More »
By Leika Kihara TOKYO (Reuters) – A decade ago, Bank of Japan Governor Haruhiko Kuroda won praise for ending a debilitating spike in the yen with his “bazooka” stimulus. Now the currency’s slide is putting him under siege and forcing him to reluctantly concede that once he leaves next April, the bank may start relaxing …
Analysis-Weak yen pulling Japan away from BOJ Kuroda’s radicalism Read More »
BEIJING (Reuters) – China’s central bank said on Wednesday it has set up a relending facility with a more than 200-billion-yuan ($27.59 billion) quota to support equipment upgrades in manufacturing and other sectors. The facility aims to expand market demand in the manufacturing industry and promote consumption, the central bank said in a statement. ($1 …
China central bank launches relending facility to support equipment upgrades Read More »
SEOUL (Reuters) – South Korea’s top financial regulatory agency told officials on Wednesday to prepare to re-activate a stock market stabilisation fund as global markets tumble on fears that rising interest rates will trigger a recession. The Financial Services Commission (FSC) said Vice Chairman Kim So-young told officials to make preparations for the implementation of …
S.Korea preparing to re-activate stock market stabilisation fund Read More »
KUALA LUMPUR (Reuters) – The Mercedes Formula One team said on Wednesday it will renew its title and technical partnership with Malaysian oil company Petronas from 2026. Mercedes have won the constructors title eight times since partnering with Petronas in 2010, though drivers Lewis Hamilton and George Russell are yet to win a race this …
Motor racing-Mercedes extends partnership with Petronas Read More »
By Makiko Yamazaki TOKYO (Reuters) -Japan’s securities watchdog on Wednesday recommended punishment of SMBC Nikko Securities, the brokerage unit of Sumitomo Mitsui Financial Group Inc (SMFG), over alleged market manipulation that led to the indictment of former executives. The Securities and Exchange Surveillance Commission recommended that the Financial Service Agency impose an administrative punishment on …
Japan’s securities watchdog recommends punishment for SMBC Nikko Read More »
By Florence Tan and Emily Chow SINGAPORE (Reuters) -China’s economy is recovering from a trough hit in the second quarter, with oil demand expected to rebound next year as Beijing eases COVID-19 restrictions, senior Chinese refining executives said on Wednesday. The recovery will come on the back of an expected contraction in oil demand in …
China’s oil demand set to recover as COVID curbs ease Read More »
