By Shariq Khan and David French (Reuters) – Oil and gas tycoon Bud Brigham is exploring an initial public offering (IPO) of Atlas Sand, people familiar with the matter said, in what would be the first U.S. listing of an oilfield services company since 2018 as the industry makes a comeback. Atlas and its peers …
Exclusive – Oil tycoon Brigham prepares rare oilfield services IPO – sources Read More »
By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) – Indonesia’s central bank cut its 2022 economic growth outlook on Tuesday amid risks from inflation and geopolitical tensions, while leaving interest rates at a record low to bolster the recovery from the COVID-19 pandemic. Bank Indonesia (BI) kept the benchmark 7-day reverse repurchase rate at 3.50%, …
Indonesia central bank trims growth outlook, holds fire on rates Read More »
ZURICH (Reuters) – The head of Credit Suisse’s securities joint venture in China, Tim Tu, has stepped down to pursue other opportunities within the Swiss bank, a spokeswoman said. Daniel Qiu has been appointed interim CEO of the CSSCL venture, effective immediately. He assumes the role alongside his existing responsibilities as Head of Investment Banking & …
Head of Credit Suisse China securities JV steps down Read More »
SHANGHAI (Reuters) – Benchmark lending rates for China’s commercial banks are likely to be lowered at a monthly fixing on Wednesday, a Reuters survey showed, as Beijing cautiously eases monetary conditions to aid an economy hit by coronavirus lockdowns in several cities. The loan prime rate (LPR), which banks normally charges their best clients, is …
China likely to lower benchmark lending rates after RRR cut – Reuters poll Read More »
BEIJING (Reuters) – China’s state asset regulator vowed on Tuesday to ensure that the debt risks of centrally administered state-owned enterprises are controllable. Peng Huagang, spokesman for the State-owned Assets Supervision and Administration Commission, told a news conference that the commission will push the liability ratio of deeply indebted firms back to a reasonable level …
TOKYO (Reuters) -Major Japanese beef bowl firm Yoshinoya Holdings Co said on Tuesday it has sacked a managing director who made derogatory comments about getting naive young women “hooked” on its products, saying his conduct was “completely unacceptable.” Masaaki Ito, a managing director at the company – known for its inexpensive bowls of beef on …
Japan beef bowl company sacks director for remark on getting women “hooked” Read More »
By Ellen Zhang and Ryan Woo BEIJING (Reuters) – As China’s domestic tourism unravels, desperate provinces are slashing ticket prices, offering tax breaks and even begging locals to help save plummeting tourist earnings in a sector that employs tens of millions of people. The slump in tourism – which includes travel, accommodation and catering – …
As China’s travel chill deepens, tourist-starved regions struggle to get by Read More »
TOKYO (Reuters) – Japanese retailer Seven & I Holdings Co, facing pressure from activist investors for structural reforms, has nominated a former executive of Uber Technologies Inc to join its board of directors, the company said on Tuesday. The operator of the 7-Eleven chain of convenience stores has named Elizabeth Miin Meyerdirk, a founding members …
Japan’s 7-Eleven operator picks former Uber executive as it looks overseas Read More »
By Pete Schroeder WASHINGTON (Reuters) – Wall Street ended the day lower in a choppy trading day on Monday, while U.S. Treasury yields jumped as investors juggled strong earnings with what Russia’s invasion of Ukraine could mean for global growth. A significant cut to global growth expectations from the World Bank, paired with March weakness …
Wall Street ends lower as bond yields jump on growth concerns Read More »
(Reuters) -Elon Musk took a swipe at the board of Twitter on Monday after the social media company adopted a “poison pill” to protect itself from the second-biggest shareholder’s $43 billion cash buyout offer. “Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there,” Musk tweeted https://twitter.com/elonmusk/status/1516056299376623626 in response to …
Musk targets Twitter board as company adopts ‘poison pill’ Read More »
