Category Archives:
Exclusive: Alibaba’s Freshippo seeks funds at much lowered $6 billion valuation – sources
By Kane Wu HONG KONG (Reuters) - Alibaba's supermarket chain Freshippo is seeking to raise funds at a valuation of about $6 billion, much lower than a hoped-for valuation of up to $10 billion earlier ...
Syndicated Content Jul 12, 2022
Tiger Brands to extend operations of fruit business for another season
JOHANNESBURG (Reuters) - South Africa's largest food producer Tiger Brands said on Tuesday its fruit canning business would extend operations for a further season to save jobs, while it talks to possi...
Syndicated Content Jul 12, 2022
Factbox – Singapore’s rise, and falter, as Asia cryptocurrency hub
By Alun John and Chen Lin HONG KONG/SINGAPORE (Reuters) - Singapore's burgeoning cryptocurrency sector has been shaken by the recent collapse of Three Arrows Capital, a cryptocurrency hedge fund, and ...
Syndicated Content Jul 12, 2022
CICC investment banking head to take helm at broker Galaxy – sources
By Selena Li and Julie Zhu HONG KONG (Reuters) -Wang Sheng, investment banking head of China International Capital Corp Ltd (CICC), is set to leave the bank to take over as chief executive of smaller ...
Syndicated Content Jul 12, 2022
Polish central bank forecasts inflation peaking at 18.8% in Q1 2023
WARSAW (Reuters) - Poland will see inflation peak at 18.8% and economic growth fall to as low as 0.5% in the first quarter of 2023, according to forecasts published by the central bank on Tuesday. Acc...
Syndicated Content Jul 12, 2022
Singapore’s crypto aspirations shaken by Three Arrows collapse
By Alun John and Chen Lin HONG KONG/SINGAPORE (Reuters) - Singapore's ambitious cryptocurrency sector, by some measures Asia-Pacific's largest, faces an uncertain future after the recent collapse of c...
Syndicated Content Jul 12, 2022
Thailand needs 500,000 more migrant workers for recovery – Chamber of Commerce
BANGKOK (Reuters) - Thailand is short more than half a million migrant workers, the country's Chamber of Commerce said on Tuesday, as Southeast Asia's second-largest economy struggles with a slow post...
Syndicated Content Jul 12, 2022
Temasek reports record portfolio value, sees slowdown in investments
SINGAPORE (Reuters) - Singapore's Temasek Holdings posted a nearly 6% increase in its portfolio value to a record S$403 billion ($286.5 billion) in the year to March 2022, powered by gains in its unli...
Syndicated Content Jul 12, 2022
Marketmind: Goodbye Goldilocks
A look at the day ahead in markets from Saikat Chatterjee. "The Goldilocks option is now off the table," Blackrock, the world's biggest asset manager, screamed in its midyear outlook, referring to the...
Syndicated Content Jul 12, 2022
U.S., Japan agree to address Ukraine war-driven FX volatility, economic challenges
TOKYO (Reuters) - U.S. Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki agreed on Tuesday to further strengthen bilateral ties and work together to address rising food and...
Syndicated Content Jul 12, 2022
Peoria, IL, USA
37 °F Partly cloudy
