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Exclusive-Credit Suisse Hong Kong investing banking job cuts, targeting 80% staff, start this week- sources
By Selena Li HONG KONG (Reuters) - Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts will start from this week, two people with knowledge of the mat...
Syndicated Content Aug 07, 2023
Thai inflation slower than expected in July, small rises seen
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) - Thailand's annual headline inflation was weaker than expected in July, helped by lower food and energy prices, and the commerce ministr...
Syndicated Content Aug 07, 2023
South Korea’s heatwave-hit scout jamboree bracing for typhoon
By Hyunsu Yim SEOUL (Reuters) - Organisers of the World Scout Jamboree in South Korea, who have been grappling with a debilitating heatwave for days, were on Monday preparing for a typhoon to batter t...
Syndicated Content Aug 06, 2023
China developer Yuzhou offers debt restructuring plan
HONG KONG (Reuters) - Chinese property developer Yuzhou Group rolled out a plan to restructure its debt after defaulting on dollar bond payments last year, sparking a short rally in its shares and bon...
Syndicated Content Aug 06, 2023
Marketmind: Caution the watchword for inflation tests
A look at the day ahead in European and global markets from Wayne Cole. It's been a slow start in Asia, with little in the way of market-moving news over the weekend. Shares are narrowly mixed, with N...
Syndicated Content Aug 06, 2023
Indonesia Q2 GDP growth strongest in three quarters
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) -Indonesia's economic growth in the second quarter accelerated unexpectedly to its highest rate in three quarters, shored up by strong househo...
Syndicated Content Aug 06, 2023
Paytm CEO Sharma to buy 10.3% stake in co from Antfin Holding
BENGALURU (Reuters) - Paytm's founder and CEO, Vijay Shekhar Sharma, will buy a 10.3% stake in the company from Antfin (Netherlands) Holding B.V., the fintech company said in a filing on Monday. Antfi...
Syndicated Content Aug 06, 2023
China Life mandates banks for up to $2 billion bond offering
By Georgina Lee and Scott Murdoch HONG KONG (Reuters) - China Life Insurance (Overseas) Hong Kong has mandated banks for its 10-year subordinated bond offering, according to a preliminary term sheet s...
Syndicated Content Aug 06, 2023
U.S. trucking firm Yellow files for bankruptcy after loading up on debt
(Reuters) - U.S. trucking firm Yellow Corp filed for Chapter 11 bankruptcy protection on Sunday, burdened with a heavy debt load after a series of mergers and following tense contract negotiations wit...
Syndicated Content Aug 06, 2023
Fourteen dead in floods in northeastern China
BEIJING (Reuters) - Fourteen people were reported to have died over the weekend in the Chinese city of Shulan due to flooding caused by Typhoon Doksuri. Northeastern China, Beijing and Hebei province ...
Syndicated Content Aug 06, 2023
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