BEIJING (Reuters) – China Yangtze Power Co Ltd, the world’s largest listed hydropower company by capacity, plans to buy two large hydropower stations for a total of 80.5 billion yuan ($12 billion), boosting its capacity by over a half. In a filing to the Shanghai Stock Exchange on Thursday, China Yangtze Power said it would …
China Yangtze Power to buy two hydropower stations for $12 billion Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks on global indexes were sharply lower on Thursday and Treasury yields slid after U.S. data showed consumer spending rose less than expected in May while price pressures were still strong enough to leave the Federal Reserve on its aggressive policy-tightening path. The U.S. benchmark S&P 500 was …
Stocks fall as U.S. data supports recession fears; yields down Read More »
SINGAPORE (Reuters) – Singapore’s financial regulator has accused embattled crypto hedge fund Three Arrows Capital of exceeding its assets threshold and providing false information. Three Arrows (3AC) is one of the highest profile investors hit by the sharp sell-off in crypto markets and is being liquidated, Reuters reported on Wednesday, citing a source familiar with …
Singapore regulator rebukes crypto fund Three Arrows Capital Read More »
By Uditha Jayasinghe COLOMBO (Reuters) -The International Monetary Fund said its talks with crisis-hit Sri Lanka had been “constructive” on Thursday, raising hopes it would soon grant preliminary approval for a desperately needed financial support package. Sri Lanka has had to shut schools and stop providing fuel to all but essential services this week after …
Sri Lanka makes progress towards IMF support – IMF Read More »
By Scott Murdoch HONG KONG (Reuters) – China Tourism Group Duty Free Corp Ltd is aiming to raise $2-3 billion in a Hong Kong secondary listing, two people with direct knowledge of the matter told Reuters. The company lodged updated filings with the Hong Kong Stock Exchange on Thursday as it begins its second attempt …
China Tourism aims for $2-3 billion Hong Kong listing – sources Read More »
TOKYO (Reuters) – Tokyo aims to deepen its ties with the City of London by promoting financial collaboration and exchanging information, while promoting the push towards sustainable finance, Governor Yuriko Koike said on Thursday. “We exchanged views on how Tokyo and the City of London can collaborate in tackling sustainable finance as we face the …
Tokyo, City of London seek to deepen collaboration on sustainable finance Read More »
By Nupur Anand MUMBAI (Reuters) – HSBC Holdings PLC plans to relaunch its India private banking business within a year, its India CEO told Reuters on Thursday, after the Asia-focused lender has identified the country as a key strategic market for growth. HSBC exited the Indian private banking business in 2015 as part of a …
HSBC to relaunch India private banking business within a year – executive Read More »
By Joyce Lee SEOUL (Reuters) – Samsung Electronics Co Ltd said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it seeks new clients to catch far bigger rival TSMC in contract chip manufacturing. Compared with conventional 5-nanometre chips, the newly developed first-gen 3-nanometre process …
Samsung Elec starts 3-nanometre chip production to lure new foundry customers Read More »
SHANGHAI (Reuters) -The Cyberspace Administration of China (CAC) said on Thursday that it seeking feedback from the public on draft rules governing the transfer of personal data overseas. The new rules being drafted are part of Chinese regulators’ drive to strengthen oversight over troves of data collected by the country’s private sector and its array …
Chinese regulators issue new draft rules on transfer of personal data overseas Read More »
LONDON (Reuters) – The Swedish crown rose on Thursday against the euro after Sweden’s central bank hiked its benchmark interest rate by 50 basis points as expected. In the meantime, the euro flattened against most peers, remaining close to a fresh 2015-low versus the Swiss franc and near a two-week low against the U.S. dollar, …
