Stocks were mixed in Asia on Tuesday after closing broadly lower on Wall Street, where the Dow Jones Industrial Average fell into what’s known as a bear market. Tokyo, Sydney and Shanghai advanced while Hong Kong and Seoul declined. U.S. futures rose and oil prices also were higher. The week started out with a bout…
By Kevin Buckland TOKYO (Reuters) – Sterling tumbled to a record low on Monday as traders scampered for the exits on speculation the new government’s economic plan will stretch its finances to the limit. The British pound’s searing fall helped the U.S. dollar index – which gauges the greenback versus six peers, including sterling and…
HONG KONG (Reuters) – A tender sale of China Evergrande Group’s headquarters in Hong Kong will close on Oct. 31, real estate services firm Savills said, appointed by receivers to dispose of the asset. Lenders of struggling Evergrande appointed receiver Alvarez and Marsal earlier this month to seize the China Evergrande Center in Hong Kong,…
By Byron Kaye and Harish Sridharan (Reuters) – A KKR & Co Inc led group withdrew a A$20 billion ($13 billion) approach for Australian hospital operator Ramsay Health Care after talks hit a stalemate, killing Australia’s biggest deal of the year and sending the target’s shares tumbling. The decision announced by both sides on Monday…
SYDNEY (Reuters) – Australia plans changes to its privacy rules so that banks can be alerted faster following cyber attacks at companies, Prime Minister Anthony Albanese said on Monday, after hackers targeted Australia’s second-largest telecommunications firm. Optus, owned by Singapore Telecommunications Ltd, last week revealed databases containing home addresses, drivers licences and passport numbers of…
By Aditi Shah NEW DELHI (Reuters) -U.S. startup Fisker Inc will begin selling its Ocean electric sport-utility vehicle (SUV) in India next July and could begin manufacturing its cars locally within a few years, the company’s chief executive officer told Reuters. Sales of electric cars in India will gather pace by 2025-26, Henrik Fisker said…
(Reuters) – Australia’s Ramsay Health Care and a consortium led by KKR & Co will cease discussions on a non-binding buyout proposal, the hospital operator said on Monday. The consortium had said earlier this month it will not improve its $14.5 billion cash-and-stock offer for Ramsay. (Reporting by Harish Sridharan in Bengaluru; editing by Diane…
(Reuters) – A right-wing alliance led by Giorgia Meloni’s Brothers of Italy party looks set to win a clear majority in the next parliament, exit polls said on Sunday after voting ended in an Italian national election. Here is a list of companies that could be affected by the outcome of the election. BANKS —–…
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Expect an ugly open to Asian markets on Monday as investors try to shield themselves from the fallout from the widespread selling that battered stocks, bonds, and currencies on Friday. The historic rout in UK bonds and sterling took center stage…
WASHINGTON (Reuters) – Atlanta Federal Reserve President Raphael Bostic said Sunday he still believes the central bank can tame inflation without substantial job losses given the economy’s continued momentum. “If you look over history…there is a really good chance that if we have job losses it will be smaller” than in past slowdowns, Bostic said…