SHANGHAI (Reuters) – China’s abrupt and ferocious stock market rally has slammed some of the country’s biggest hedge funds, forcing them to hastily cover short positions and take losses on their bets in the heavily regulated derivatives market. Beijing X Asset Management, Techsharpe Quant (Beijing) Capital Management and Shenzhen Chengqi Funds are among the funds …
China hedge funds caught out by abrupt market surge Read More »
TOKYO (Reuters) -Rigaku Holdings raised 129 billion yen ($863 million) after the Japan X-ray testing tool maker priced its IPO at the top of its range, according to a regulatory filing on Thursday. The company, which is backed by buyout firm Carlyle Group, priced the IPO at 1,260 yen per share, at the top end …
Carlyle-backed Rigaku raises $863 million in Tokyo IPO Read More »
BEIJING (Reuters) – Chinese Commerce Minister Wang Wentao said on Monday the EU investigation into Chinese electric vehicles was seriously affecting Chinese car companies’ confidence in investing in Italy. That was not in Italy’s long-term interests, Wang told Italian Economic Development Minister Adolfo Urso in a meeting in Rome, China’s commerce ministry said. “It is …
China tells Italy: EU electric vehicle probe affecting investor confidence Read More »
By Scott Murdoch and Donny Kwok SYDNEY (Reuters) -Midea Group shares rose as much as 9.5% on their trading debut in Hong Kong on Tuesday with the Chinese home appliances maker raising nearly $4 billion in the city’s largest share offering in almost four years, bolstering hopes for a revival in large Chinese issuances. The …
Midea shares leap 9.5% in Hong Kong debut after $4 billion listing Read More »
By Summer Zhen HONG KONG (Reuters) – Saudi Arabia has granted approval for its first exchange-traded funds (ETFs) tracking equities listed in Hong Kong on Tuesday, the Capital Market Authority (CMA) said, marking the debut of such a product in the Middle East. The move follows efforts by Beijing and Hong Kong to deepen ties …
Saudi Arabia approves first ETFs tracking Hong Kong-listed equities Read More »
JAKARTA (Reuters) – Indonesia’s key parliamentary budget committee on Tuesday approved increased spending for the incoming government of president-elect Prabowo Subianto while maintaining the fiscal deficit at 2.53% of GDP, its chair said. The approved spending of 3,621.31 trillion rupiah ($236.2 billion) for 2025 is around 6% higher than the 2024 spending estimate of 3,412.2 …
Indonesia parliamentary committee approves incoming govt’s budget Read More »
KUALA LUMPUR (Reuters) – Malaysian authorities have frozen almost 100 bank accounts linked to an Islamic business group being investigated for suspected child abuse, a senior police official said on Tuesday. Authorities are investigating Global Ikhwan Services and Business (GISB) for allegedly running charity homes from which police last week rescued more than 400 children …
Malaysia freezes bank accounts linked to GISB after child abuse allegations Read More »
By Orathai Sriring and Thanadech Staporncharnchai BANGKOK (Reuters) -Thailand’s government plans to increase borrowing by 8% to about 2.6 trillion baht ($78.2 billion) for the 2025 fiscal year starting on Oct. 1, according to three market sources and a government presentation seen by Reuters. Of the projected total, 1.06 trillion baht will be new borrowing …
Thailand to lift borrowing by 8% in fiscal 2025 to help growth, market sources say Read More »
By Makiko Yamazaki TOKYO (Reuters) -The new classification of 7-Eleven’s parent company as “core” to Japanese national security will not raise hurdles to a potential buyout, Japan’s finance minister said on Tuesday, comments that appeared aimed at easing investor concerns about the move. “We can’t say the core classification makes a buyout more difficult,” Suzuki …
7-Eleven parent’s new security rating won’t affect a buyout, Japan minister says Read More »
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) -Indonesia’s trade surplus rose to a three-month high in August, topping forecasts, as exports grew much faster than expected, official data showed on Tuesday. The August trade data is among economic indicators the central bank will analyse during its two-day policy meeting starting on Tuesday. Economists polled …
Indonesia’s trade surplus beats forecast in August on export recovery Read More »
