By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Temasek Holdings is considering selling Advanced MedTech, multiple sources told Reuters on Monday, after the medical devices firm, fully-owned by the Singaporean state investor, received interest from suitors including buyout funds. Two investment banks have been hired to launch a sale process for Singapore-headquartered MedTech, which…
By Clare Jim and Xie Yu HONG KONG (Reuters) -Chinese property stocks and bonds soared on Monday as the market cheered Beijing’s “most comprehensive” support measures aimed at boosting liquidity in the sector in its latest attempt to stabilise a key pillar for the world’s second-largest economy. The package, which sources say lays out multiple…
NEW YORK (AP) — The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the “effective altruism” movement. The FTX Foundation — and other related nonprofits mostly funded by Bankman-Fried and other top FTX executives…
By Tetsushi Kajimoto TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank would stick to monetary easing to support the economy for the present in order to achieve sustainable and stable inflation accompanied by wage growth. Wage inflation, which has lagged policymakers expectations, is set to again take centre…
NUSA DUA, Indonesia (AP) — It’s not easy being Elon Musk. That was the message the new Twitter owner and billionaire head of Tesla and SpaceX had for younger people who might seek to emulate his entrepreneurial success. “Be careful what you wish for,” Musk told a business forum in Bali on Monday when asked…
TOKYO (Reuters) – Sumitomo Mitsui Financial Group Inc, Japan’s second-largest bank, on Monday reported an 8.0% increase in second-quarter net profit. SMFG posted a profit of 272.99 billion yen ($1.96 billion) in the July-September period versus 252.8 billion yen a year earlier, according to Reuters’ calculations based on six-month cumulative figures disclosed in a stock…
People still looking to book trips home to visit family or take a vacation during the holidays need to act fast and prepare for sticker shock. Airline executives say that based on bookings, they expect huge demand for flights over Thanksgiving, Christmas and New Year’s. Travel experts say the best deals for airfares and hotels…
By Wayne Cole SYDNEY (Reuters) – Asian share markets were mixed on Monday as a top U.S. central banker warned investors against getting carried away over one inflation number, while Chinese stocks gained on signs of aid for the country’s hard-hit property sector. A modest miss on U.S. inflation was enough to see two-year Treasury…
NUSA DUA, INDONESIA (Reuters) – Dominant cryptocurrency exchange Binance’s chief executive Changpeng Zhao called for new but stable and clear regulations for the industry, in light of recent developments and participants “cutting corners”. “We’re in a new industry, we’ve seen in the past week, things go crazy in the industry,” Zhao told a gathering of…
NEW YORK (AP) — Stocks fell on Wall Street Monday, giving back some of their huge gains made last week on hopes the worst of the nation’s inflation may finally have passed. The S&P 500 fell 0.9%, or 35.68 points, to 3,957.25 after drifting between gains and losses several times through the day. The Dow…
