By Jonathan Saul, Elisa Anzolin and Francesca Landini LONDON/MILAN (Reuters) – Sixty-five years after Aristotle Onassis founded Greece’s Olympic Airways, another shipping entrepreneur is planning to take to the skies – this time in Italy, where Gianluigi Aponte’s MSC has its sights on the successor company to Alitalia. The 81-year-old, known as “the captain” after…
TOKYO (AP) — The Bank of Japan made an offer for unlimited government bond purchases Monday, moving to curb a surge in long-term interest rates in the world’s third-largest economy. Japan’s central bank set the interest rate for purchasing 10-year government bonds at 0.25%. The market rate had risen close to that level recently on…
TOKYO (AP) — Asian shares were mostly lower Tuesday, echoing a decline on Wall Street, amid concerns about rising tensions in Ukraine over the thousands of Russian troops that have been amassing on their border. Japanese shares started with a boost from bargain-hunting after recent losses, but the buying quickly ran out of steam. Data…
SINGAPORE (Reuters) – HSBC said on Monday it has appointed Luanne Lim as the chief executive officer of its Hong Kong business, its biggest market, as the Asia-focussed bank looks to expand its investment across the region. Lim was named the interim chief executive in September and had previously been the chief operating officer of…
By Florence Tan SINGAPORE (Reuters) – Oil prices on Monday hit their highest in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger U.S. and European sanctions that would disrupt exports from the world’s top producer in an already tight market. Brent crude futures was at $95.61 a…
BEIJING (AP) — Asian stock markets fell Monday and oil prices rose amid concern about a possible Russian invasion of Ukraine. Tokyo’s benchmark index fell by an unusually wide daily margin of 2.6%. Shanghai, Hong Kong and Seoul also retreated. On Wall Street, the benchmark S&P 500 index tumbled 1.9% on Friday after the White…
By Wayne Cole SYDNEY (Reuters) – Asian shares and European stock futures sagged on Monday as warnings that Russia could invade Ukraine at any time sent oil prices to seven-year peaks, boosted bonds and belted the euro. EUROSTOXX 50 futures shed 1.6% and FTSE futures 0.5%. S&P 500 futures edged up 0.3% and Nasdaq futures…
SHANGHAI (Reuters) – Standard Chartered Bank (Hong Kong) Ltd said on Monday that it has become the first foreign bank qualified as a direct participant in China’s Cross-border Interbank Payment System (CIPS) outside mainland China. Backed by the People’s Bank of China (PBOC), China launched the CIPS clearing and settlement services system in 2015 to…
(Reuters) – U.S. arms maker Lockheed Martin Corp called off plans on Sunday to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion amid opposition from U.S. antitrust enforcers. The Federal Trade Commission sued to block the deal in late-January on the grounds that it would allow Lockheed to use its control of…
By Wayne Cole SYDNEY (Reuters) – Asian shares sagged on Monday as warnings that Russia could invade Ukraine at any time sent oil prices to seven-year peaks, boosted bonds and belted the euro. The United States on Sunday said Russia might create a surprise pretext for an attack, as it reaffirmed a pledge to defend…
