BEIJING (Reuters) – China’s securities regulator on Friday issued draft rules to regulate the country’s futures exchanges in a bid to maintain the order of the futures market and promote its stable development. The draft rules made some adjustments based on the futures and derivatives law China introduced in April, which was implemented from Aug. …
China issues draft rules to regulate futures exchanges Read More »
(Corrects 10th paragraph to show company plans to increase holding in joint venture, not that it has no such plans) By Selena Li HONG KONG (Reuters) -U.S. asset manager Invesco’s Chinese joint venture withstood a volatile first half and attracted $5.4 billion from local investors, but the country’s persistent zero-COVID policy poses risks to the …
Invesco raises $5.4 billion in China investments in first half; flags economic risks Read More »
By Alex Lawler and Marwa Rashad LONDON (Reuters) – Saudi Arabia and Russia, the de facto leaders of the OPEC+ oil producer group, see $100 a barrel as a fair price that the global economy can absorb, sources familiar with government thinking in the two countries told Reuters. The Organization of the Petroleum Exporting Countries, …
Analysis-OPEC+ leaders like $100 oil, won’t necessarily defend it Read More »
TOKYO (Reuters) – Tokyo Electric Power Company (Tepco) said on Friday it will revise its pricing for high-voltage industry customers next year to reflect soaring costs, but will take into account the assumed restart of the No.7 unit of its Kashiwazaki-Kariwa nuclear power plant. Tepco President Tomoaki Kobayakawa told a news conference of the new …
Tepco to revise power prices for industry, factoring in nuclear restart Read More »
JAKARTA (Reuters) – Indonesia has yet to buy Russian oil as it was not yet available and Jakarta is open to buying cheap oil from any country, local media reported its energy minister as saying on Friday. Minister Arifin Tasrif was asked by reporters if Indonesia had purchased any oil from Russia, local media reported. …
Indonesia energy minister says open to buying cheap oil from any source – media Read More »
(Reuters) -JPMorgan Chase & Co and ICBC Standard Bank Plc are cutting back on financing to China’s troubled metals trade, Bloomberg News reported on Friday, citing people familiar with the matter. The lenders have pulled back after a liquidity crisis emerged at top copper trader Maike Metal International Group Co. Ltd, the report said. At …
JPMorgan, ICBC Standard pull back from China metal financing -Bloomberg News Read More »
BEIJING (Reuters) -ByteDance will spend up to $3 billion to repurchase shares in a deal that values the Chinese unlisted owner of TikTok at around $300 billion, according to a company memo to investors seen by Reuters on Friday. The exercise is mainly aimed at helping some of its shareholders improve their liquidity positions, a …
ByteDance to spend up to $3 billion to repurchase shares from investors Read More »
SHANGHAI (Reuters) – China’s yuan weakened past the psychologically important 7 per U.S. dollar level for the first time in two years on Friday, pressured by a buoyant greenback and strong market expectations for an even more aggressive U.S. interest rate hike next week. The onshore yuan finished the domestic trading session at 7.0166 per …
China’s yuan breaches key 7/$ mark, ends at 26-month low Read More »
By Jamie Freed and Casey Hall SYDNEY/SHANGHAI (Reuters) -Global trade bellwethers like FedEx and Cathay Pacific Airways have cast a pall over the year-end holiday shopping season – the business slowdown they’re seeing points to weaker-than-expected consumer demand, not a Christmas bonanza. The gloomy outlook comes as consumers globally struggle to cope with surging costs …
Global cargo market sags as softer economy points to gloomy Christmas Read More »
BEIJING (Reuters) – China’s government land sales revenue for January to August shrank 28.5% from the same period last year to 3.37 trillion yuan ($480 billion), narrowing from the 31.7% slump recorded as of January-July, data from the Ministry of Finance showed on Friday. Land sales in August fell 4.9% year-on-year after a 33.2% drop …
China’s Jan-Aug revenue from govt land sales down 28.5% year/year Read More »
