BEIJING (Reuters) – Banks in nearly 90 Chinese cities cut mortgage rates in February, a private research group said, in a bid to boost sales and sentiment in a residential property market rocked by a liquidity crunch and troubled developers. Mortgage rates in 87 out of 103 cities surveyed by Beike Research Institute have come …
Banks in nearly 90 Chinese cities cut mortgage rates Read More »
SEOUL (Reuters) – South Korea’s antitrust agency said on Tuesday it conditionally approves flag carrier Korean Air Lines’ planned acquisition of rival Asiana Airlines. In a deal announced in late 2020, Korean Air planned to spend 1.8 trillion won ($1.6 billion) to become the top shareholder of indebted Asiana in one of the first major …
S.Korea gives conditional nod to Korean Air’s Asiana Airlines purchase Read More »
SHANGHAI (Reuters) – Investor worries over the potential for a fresh wave of regulatory crackdowns by Beijing set off steep drops in Chinese tech shares on Tuesday. Chinese authorities have told state-owned firms and banks to launch a fresh round of checks on their financial exposure and other links to Alibaba’s financial affiliate, Ant Group …
Fresh fears over Beijing regulatory crackdown drive China tech rout Read More »
By Anshuman Daga and Lawrence White SINGAPORE/LONDON (Reuters) -HSBC brought forward its key profitability target by a year and more than doubled its annual profit as expected bad loans from the COVID-19 pandemic failed to materialise, and it pointed to rising interest rates lifting its income. Like global peers, HSBC, one of Europe’s largest banks, …
HSBC boosts profitability goal on higher rates, profit doubling Read More »
JAKARTA (Reuters) – Indonesia on Tuesday sold 9 trillion rupiah ($626.52 million) worth of Islamic bonds in an auction, below target, the finance ministry said, noting that the sale drew bids totalling 33.5 trillion rupiah. ($1 = 14,365.0000 rupiah) (Reporting by Gayatri Suroyo; Editing by Ed Davies)
(Reuters) -Chinese regulators have asked state-owned firms to kick-off a fresh round of checks to find out their investments into and other linkages with billionaire Jack Ma’s Ant Group, three people with knowledge of the matter said. State-owned banks and non-bank firms are among the entities that have been asked by the regulatory authorities to …
China asks state firms to check investments in Jack Ma’s Ant – sources Read More »
By Huw Jones and Simon Jessop LONDON (Reuters) – Reliable checks on companies’ sustainability credentials will take years to develop, auditors say, meaning investors pouring trillions of dollars into green funds remain at greater risk of being hoodwinked. Given the demand for investments that support environmental, social and governance (ESG) goals, the pressure is on …
Corporate sustainability push a $35 trillion dollar conundrum for auditors Read More »
By Simon Jessop, Tommy Wilkes and Lawrence White LONDON (Reuters) – HSBC aims to cut emissions associated with loans made to its oil and gas clients by 34% this decade, the bank’s sustainability chief told Reuters, marking the first time that Britain’s biggest lender has committed to such a target. More than 100 banks have …
Exclusive-HSBC targets 34% cut to emissions from oil and gas clients by 2030 Read More »
By Carolyn Cohn LONDON (Reuters) – Global stocks hit three-week lows and oil rose on Monday as worries increased that Russia will invade Ukraine. Russian forces killed a group of five saboteurs who breached the country’s southwest border from Ukraine on Monday, news agencies quoted the military as saying, an accusation that Kyiv dismissed as …
World stocks hit 3-week lows, oil rises on Russia-Ukraine fears Read More »
BEIJING (Reuters) – China Customs has warned consumers against buying and eating certain infant and baby products of Abbott Laboratories that were affected in a recent recall linked to a U.S. factory. The General Administration of Customs, in a post published on Sunday on its website, referred to a Feb. 18 notice issued by the …
China warns consumers not to use Abbott baby formula affected by recall Read More »
