Hong Kong stocks rise to 10-month highs after China’s property rescue measures
Hong Kong stocks climbed to a 10-month high as Beijing’s latest efforts to salvage the beleaguered property sector boosted sentiment, with some analysts advising […]
Hanesbrands to Sell Champion Brand for Up to $1.5 Billion
Hanesbrands HBI -0.94%decrease; red down pointing triangle has agreed to sell its embattled Champion sportswear business to Authentic Brands Group in a transaction valued at up to […]
Rate cuts will support recovery, ECB’s Rehn says
COPENHAGEN, June 7 (Reuters) – Inflation will continue to decline and interest rate cuts will support economic recovery, Finnish ECB policymaker Olli […]
Banks say growing reliance on Big Tech for AI carries new risks
AMSTERDAM, June 7 (Reuters) – The boom in artificial intelligence will increase banks’ dependence on big U.S. tech firms, creating new risks […]
Azerbaijan hoping to cut emissions with $2 bln green energy investment
BAKU, June 5 (Reuters) – Azerbaijan is hoping to raise the share of renewables across its energy sector to almost a third […]
Demise of dollar’s FX reserve omnipotence greatly exaggerated: McGeever
ORLANDO, Florida, June 6 (Reuters) – After two decades of the dollar’s share of global foreign exchange reserves gradually eroding to less […]
TSMC-backed Vanguard and Dutch firm NXP to build $7.8 billion Singapore wafer plant
Taiwan Semiconductor Manufacturing Co.-backed Vanguard International Semiconductor Corporation and Dutch chip designer and manufacturer NXP Semiconductors will build a $7.8 billion wafer manufacturing plant in […]
Shares in Swiss bank EFG jump on renewed takeover speculation
ZURICH, June 6 (Reuters) – Shares in Swiss bank EFG International (EFGN.S), opens new tab rose by as much as 10% on Thursday fuelled […]
Project mBridge e-currency project involving Hong Kong, mainland China hits landmark
A multi-country central bank digital currency (CBDC) project involving mainland China, Hong Kong, Thailand and the United Arab Emirates has made a […]
Hedge fund giant Bridgewater misses out on stock market bull run, ditching Chinese stocks in first quarter
Bridgewater Associates, the world’s biggest hedge fund, pulled back drastically from Chinese stocks again last quarter, slashing its investment by nearly 90 […]
Russia’s two largest banks to open in annexed regions of Ukraine by July
LONDON, June 4 (Reuters) – Russia’s two largest banks expect to open branches and offices in July in the regions of Ukraine […]
NYCB names CEO Joseph Otting to additional role of executive chairman
June 4 (Reuters) – Regional lender New York Community Bancorp (NYCB.N), opens new tab said on Tuesday it had expanded the role of its […]