HONG KONG (Reuters) -Shares of Chinese internet gaming and social media giant Tencent Holdings Ltd gave up early gains to fall as much as 2.5% to HK$374.60 in the early afternoon, after Prosus NV and Naspers said they would gradually sell shares in the firm. Tencent stock surged as much as 4.2% in morning trade …
Tencent falls 2.5% as Prosus, Naspers say to gradually sell shares Read More »
BEIJING/SHANGHAI/SINGAPORE (Reuters) – China is considering extending its onshore currency trading hours, according to four sources familiar with the matter, a move that could spur demand for the yuan from global investors. The central bank has surveyed some major market players and sought feedback on lengthening the daily session until 3 a.m. Beijing-time (1900 GMT), …
China considers longer trading hours for onshore yuan – sources Read More »
By Mei Mei Chu KUALA LUMPUR (Reuters) – Some palm oil millers in Malaysia, the world’s second largest producer, have temporarily halted production following a dramatic plunge in prices of the edible oil, a senior official from a miller’s association said on Monday. Malaysian crude palm oil (CPO) prices have seen their biggest one-month decline …
Malaysia palm oil millers halt production as CPO prices plummet Read More »
By Maki Shiraki TOKYO (Reuters) – The low-cost carrier arm of Japan’s ANA Holdings, Peach Aviation, is set to resume flights to Seoul from late August, according to a person familiar with the matter, after a 2-1/2-year halt due to the pandemic and strict border measures. Peach will make six round trip flights a week …
ANA’s low-cost arm to resume flights to Seoul after 2-1/2 years, source says Read More »
BANGKOK (Reuters) – Thai Life Insurance Pcl (TLI) said on Monday it was seeking to raise up to $1 billion in an initial public offering (IPO) next month, pricing shares at 16 baht each in what could be the region’s largest IPO this year. It aims to raise 34.4 billion baht ($971.20 million) for its …
Thai Life Insurance seeks to raise $1 billion in July IPO Read More »
By Selena Li, Kane Wu and Julie Zhu HONG KONG (Reuters) – In 1997, the world watched as Britain returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system. Twenty-five years later, Hong Kong has so far retained its status …
Hong Kong’s top finance executives bank on city to thrive as gateway to China Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – A tightening of Thai monetary policy will be conducted so it does not disrupt the recovery of Southeast Asia’s second-largest economy, central bank officials said on Monday, reinforcing market expectations of interest rate hikes later this year. Thailand’s economy will continue growing this year and next, …
Thai central bank says policy tightening won’t disrupt recovery Read More »
By Jeslyn Lerh SINGAPORE (Reuters) – Pakistan’s monthly fuel oil imports are set to hit a four-year high in June, Refinitiv data showed, as the country struggles to buy liquefied natural gas (LNG) for power generation amid a heatwave that is driving demand. The resurgence in residue fuel demand at power plants underscores the energy …
Pakistan’s fuel oil imports hit 4-yr high as it struggles to buy LNG – data Read More »
By Josh Ye HONG KONG (Reuters) – The chief executive and co-founder of Shanghai-based Chinese gaming firm XD Inc plans to leave China next year, according to an internal notice seen by Reuters, citing family reasons and rising gaming opportunities overseas. Huang Yimeng, 40, who was ranked last year by Forbes to be worth $1.2 …
Co-founder of Chinese game developer XD plans to relocate overseas – internal memo Read More »
By Makiko Yamazaki TOKYO (Reuters) – Toshiba Corp’s shareholders are expected to endorse all proposed directors, including two from its hedge fund investors, on Tuesday in a move that could mark a crossroads for the 146-year-old Japanese conglomerate and hasten a potential buyout. The company has nominated executives from Elliott Management and Farallon Capital Management …
Toshiba shareholders to endorse director nominees as buyout expectations grow Read More »
