By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s central bank kept interest rates steady on Wednesday, emphasizing its focus on stabilising the rupiah currency amid global uncertainties, but said further easing to prop up economic growth is only a matter of timing. The benchmark 7-day reverse repurchase rate was held steady at 5.75%, …
Bank Indonesia pauses easing cycle, but says more cuts to come Read More »
By Nell Mackenzie, Summer Zhen and Carolina Mandl LONDON (Reuters) – Global hedge funds keen to navigate U.S.-China trade tensions are amassing Chinese stock bets in the hopes of making huge profits if Beijing forms a pact with Donald Trump, or if the rest of the world and China unite against the U.S. president. As …
Analysis-Hedge funds tailor win-win bets on China Read More »
BEIJING (Reuters) – Foreign direct investment into China came in at 97.6 billion yuan ($13.40 billion) in January, down 13.4% from the previous year, the Chinese commerce ministry said on Wednesday. ($1 = 7.2848 Chinese yuan renminbi) (Reporting by Beijing Newsroom; editing by Jane Merriman)
(Reuters) – Hong Kong-based Hang Seng Bank said on Wednesday Edward Cheng, chief of Wing Tai Properties, will succeed Irene Lee as the chairman of the board. Cheng is currently also the deputy chairman at Wing Tai Properties, a diversified developer with a portfolio ranging from commercial to residential projects. Lee, who joined the board …
SHANGHAI (Reuters) – China is expected to leave its benchmark lending rates unchanged on Thursday, a Reuters poll showed, as authorities walk a fine line between prioritising financial stability and providing more stimulus at a time when Beijing is facing fresh trade tensions. The central bank has adopted a cautious approach in recent cash injection …
In balancing risks and rewards, China set to leave lending rates unchanged in Feb Read More »
By Roshan Thomas and Rishav Chatterjee (Reuters) – Singapore Telecommunications (Singtel) issued a positive annual earnings outlook and posted a nearly threefold increase in third-quarter earnings on Wednesday, driven by an exceptional gain, propelling its shares to near six-year highs. Shares in Singtel climbed 1.2% to S$3.4 and were on track for their strongest trading …
Singtel’s quarterly earnings nearly triple, shares hover around six-year highs Read More »
By Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s Foundation Healthcare Holdings is looking to conduct a funding round that could raise more than $100 million and value the private healthcare group at more than S$1 billion ($750 million), said two sources with knowledge of the matter. Foundation Healthcare is in talks with at least one adviser …
Singapore’s Foundation Healthcare eyes over $100 million fundraising, sources say Read More »
By Thanadech Staporncharnchai and Kitiphong Thaichareon BANGKOK (Reuters) – A Thai industry body said it wanted more government support to counter global trade risks even as data on Wednesday showed industrial sentiment at a 10-month high, and the prime minister repeated calls for the central bank to cut interest rates.The Federation of Thai Industries said …
Thai industrial sentiment hits 10-month high, but trade risks a concern Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan must raise interest rates more as keeping them at current low levels could cause excessive risk-taking and push up inflation too much, its board member Hajime Takata said, cementing expectations of further hikes in borrowing costs. But Takata offered few clues on how soon and how …
BOJ policymaker calls for more rate hikes, warns of inflation risk Read More »
By Sam Nussey and Ritsuko Shimizu TOKYO (Reuters) -Japan’s Resonac Holdings is looking to make deals after reducing its borrowing and wants to be involved when a state-backed fund exits from peer JSR, the CEO of the chip materials maker said on Wednesday. “We will go on the offensive from this year,” Hidehito Takahashi told …
Japan chip materials maker Resonac looks to chase deals after restructuring Read More »
