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Analysis-Higher-for-longer rates regime pressures US recession trades
By Davide Barbuscia NEW YORK (Reuters) - Bond investors who had positioned portfolios defensively in anticipation of a U.S. recession are adjusting their strategies for a surprisingly resilient econom...
Syndicated Content Aug 16, 2023
Cathay Pacific clears about $38 million dividend payment on preference share
(Reuters) - Cathay Pacific Airways said on Wednesday it has paid a dividend of HK$292.5 million ($37.4 million) due on preference shares on Aug. 14 and said it expects strong travel demand to remain t...
Syndicated Content Aug 15, 2023
Marketmind: Stock markets tense as China gloom builds
A look at the day ahead in European and global markets from Brigid Riley China's new home prices fell in June for the first time this year, adding to an alarming picture of the world's second largest ...
Syndicated Content Aug 15, 2023
U.S. band the Killers apologises for bringing Russian fan on stage in Georgia
(Reuters) - An American alternative-rock band, the Killers, has apologised for bringing a Russian drummer on stage during a show in Georgia and for describing fans as "brothers and sisters," which pro...
Syndicated Content Aug 15, 2023
Yield gap between China and US widens to highest since 2007 after surprise rate cut
SHANGHAI/SINGAPORE (Reuters) - Yield differentials between China and the United States widened to their highest 16 years on Wednesday, as investors speculated that China's central bank would ease mone...
Syndicated Content Aug 15, 2023
Woodside, unions remain at odds over wages at Australia’s largest LNG facility
SYDNEY (Reuters) - Woodside Energy said on Wednesday "positive progress" was being made on wage disputes at Australia's largest liquefied natural gas (LNG) facility even as a union alliance said key d...
Syndicated Content Aug 15, 2023
Thai economy expanding as policy rate nears stability level – central bank minutes
BANGKOK (Reuters) - Thailand's economy should continue to expand as the policy rate is approaching a level consistent with long term stability, minutes of the central bank's Aug. 2 monetary policy mee...
Syndicated Content Aug 15, 2023
Intel to walk away from $5.4 billion acquisition of Tower Semiconductor-sources
By Anirban Sen NEW YORK (Reuters) - Intel Corp will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once the companies' contract expires later on Tue...
Syndicated Content Aug 15, 2023
NZ central bank sees cash rate on hold until 2025
By Lucy Craymer WELLINGTON (Reuters) -New Zealand's central bank held the cash rate steady at 5.5% on Wednesday but slightly pushed out when it expects to start cutting the cash rate to 2025, which pr...
Syndicated Content Aug 15, 2023
Asia stocks fall as weak China data weigh
By Kane Wu HONG KONG (Reuters) - Asia stocks hit a 11-week low on Wednesday as renewed concerns about U.S. interest rates slugged Wall Street, while investors still smarted from dismal Chinese economi...
Syndicated Content Aug 15, 2023
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