Category Archives:
China Evergrande set to rise 1.9% after bond payment extension
HONG KONG (Reuters) - Shares of China Evergrande Group are set to open up 1.9% on Friday after the developer secured a crucial approval from onshore bondholders to delay payments on one of its bonds a...
Jan 13, 2022
Biden nominates Raskin, Cook, Jefferson to Fed Board
WASHINGTON (Reuters) - U.S. President Joe Biden has picked former Federal Reserve Governor Sarah Bloom Raskin as the Fed's vice chair of supervision and two Black economists - Lisa Cook and Philip Jef...
Jan 13, 2022
Generali’s second-largest shareholder Caltagirone resigns from board
(Reuters) - Europe's third-largest insurer Assicurazioni Generali said on Thursday that director Francesco Caltagirone has resigned from the board amid a boardroom fight between top investors regardin...
Jan 13, 2022
Singapore’s UOB to buy Citigroup consumer businesses in four Asian countries
(Reuters) - Singapore's lender United Overseas Bank Ltd said on Friday that it would buy Citigroup's consumer businesses in Indonesia, Malaysia, Thailand and Vietnam. UOB added that the total cash con...
Jan 13, 2022
S.Korea’s central bank raises rates amid inflation worries
By Cynthia Kim and Joori Roh SEOUL (Reuters) - South Korea's central bank raised its benchmark rate back to where it was before the pandemic on Friday, seeking to restrain inflation and household debt...
Jan 13, 2022
Japan’s wholesale prices rise for 10th month, weighs on corp margins
By Leika Kihara TOKYO (Reuters) -Japan's wholesale prices rose 8.5% in December from a year earlier, data showed on Friday, increasing for a 10th month in a sign higher raw material and fuel costs con...
Jan 13, 2022
South Korea to submit supplementary budget this month
SEOUL (Reuters) - South Korea's prime minister said on Friday the government will submit a supplementary budget to the national parliament aimed at boosting small firms and the self-employed before th...
Jan 13, 2022
Facebook faces $3.2 billion UK class action over market dominance
By Kirstin Ridley LONDON (Reuters) - Social media giant Facebook, now known as Meta Platforms, faces a 2.3 billion pound plus ($3.2 billion plus) class action in Britain over allegations it abused its...
Jan 13, 2022
S.Korea’s LG Energy Solution plans battery JV with Honda in U.S. -media report
SEOUL (Reuters) - South Korean battery maker LG Energy Solution (LGES) plans to build a battery joint venture with Honda Motor Co in the United States, South Korea's Maeil Business Newspaper said on F...
Jan 13, 2022
Australian regulator expands Star Entertainment money laundering probe
(Reuters) - Star Entertainment Group said on Friday that Australia's financial crime regulator expanded its investigation into possible breaches of anti-money laundering and counter-terrorism laws at ...
Jan 13, 2022
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