SAO PAULO (Reuters) – Brazilian oilseeds crushers group Abiove on Friday welcomed an agreement between Brasilia and Beijing to allow soybean meal exports from Brazil to China. Abiove said in a statement, however, that it is still necessary “to understand the procedures for accreditation of the crushing plants,” which seems to be a requirement for …
Brazil’s Abiove welcomes agreement to export soymeal to China Read More »
By Nivedita Balu (Reuters) -Alibaba Group Holding Ltd on Friday became the latest company to be added to the U.S. Securities and Exchange Commission’s list of Chinese companies that might be delisted. Alibaba’s shares were down 11% at $89.37 at the closing bell, ending the month 21.4% lower. The e-commerce giant’s shares were already feeling …
Alibaba added to SEC’s delisting watchlist, shares fall Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar dropped to a three-week low in choppy trading on Friday, as investor concerns about recession outweighed inflation worries, for now, amid a mixed batch of economic data. There was also a lot of month-end position-squaring, analysts said. Earlier, U.S. economic numbers showed that inflation continued its …
Dollar slides as mixed U.S. data highlights uncertain path Read More »
WASHINGTON (Reuters) – The United States and Japan have decided to launch a new joint international semiconductor research hub, Japanese Trade Minister Hagiuda Koichi said at press conference in Washington. The countries agreed during U.S and Japanese economic talks to work on joint research for next-generation semiconductors to establish a secure source of the vital …
United States, Japan to launch new semiconductor research hub Read More »
By Richa Naidu, Lucy Raitano and Mimosa Spencer LONDON/PARIS (Reuters) – While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000 Hermes handbags as soaring prices leave wealthier people relatively unscathed. A string of consumer companies, from spirits group Diageo to Birkin bag maker …
How the other half lives: luxury companies thrive Read More »
By Divya Chowdhury MUMBAI (Reuters) – Japan doesn’t need to intervene in the currency market as the sharp depreciation in the yen won’t continue, due to the changing economic environment in the United States and Japan, the country’s former top currency diplomat Eisuke Sakakibara said on Friday. “It might reach 140, and it could exceed …
No intervention needed in yen as it stages recovery, ‘Mr. Yen’ Sakakibara says Read More »
By Clare Jim and Xie Yu HONG KONG (Reuters) – China Evergrande Group will offer its offshore creditors asset packages that may include shares in two overseas-listed units as a sweetener, the developer said on Friday, as a stifling liquidity crisis in the property sector continues. The two listed units are Evergrande Property Services Group …
Evergrande offers sweetener for debt revamp as China property crisis worsens Read More »
By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan’s powerful army chief appealed to Washington to use its leverage to secure the early release of International Monetary Fund money, Pakistani sources said on Friday, as the South Asian nation struggles to stave off an economic crisis. Pakistan’s foreign office confirmed a phone conversation …
Crisis-hit Pakistan’s army chief seeks U.S. help in quick release of IMF funds – sources Read More »
By Clare Jim HONG KONG (Reuters) – China Evergrande Group will offer asset packages that may include shares in its two overseas-listed businesses as a sweetener for restructuring offshore debt, the developer said, as a stifling liquidity crisis in the property sector continues. Evergrande’s restructuring proposal came on Friday as China’s property sector, a key …
Explainer-What’s next for China Evergrande after a restructuring proposal? Read More »
HONG KONG (Reuters) – Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted an investment loss of HK$144.2 billion ($18.37 billion) in the first six months of 2022, the Hong Kong Monetary Authority (HKMA) said on Friday. Its second-quarter loss amounted to HK$95.4 billion after a loss of HK$48.8 billion …
Hong Kong Exchange Fund posts H1 investment loss of HK$144.2 billion Read More »
