By Rae Wee SINGAPORE (Reuters) – Private equity holdings are being sold at a record clip in an opaque secondary market, investors say, as asset managers cash out to cover losses elsewhere and rebalance portfolios. The wave of selling is the latest of several signs of stress in private markets and is another signal of…
By Rae Wee SINGAPORE (Reuters) – Private equity holdings are being sold at a record clip in an opaque secondary market, investors say, as asset managers cash out to cover losses elsewhere and rebalance portfolios. The wave of selling is the latest of several signs of stress in private markets and is another signal of…
BEIJING (Reuters) -China’s business confidence fell to its lowest since January 2013, a survey by World Economics showed on Monday, reflecting the impact of surging COVID-19 cases on economic activity with the abrupt lifting of many pandemic control measures. The index fell to 48.1 in December from 51.8 in November, showed the World Economics’ survey…
(Reuters) -Twitter CEO Musk launched a poll on the social media platform on Sunday asking whether he should step down as head of the company, adding that he would abide by the poll results. The poll is scheduled to close around 1120GMT on Monday although the billionaire did not give details on when he would…
TAIPEI (Reuters) – Taiwan’s government has opened a probe into Chinese-owned social media platform TikTok on suspicion of illegally operating a subsidiary on the island, and warned that the social media platform was being used by Beijing to spread disinformation. TikTok, which is not widely used in Taiwan, has come under pressure mostly in the…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) must make its monetary policy framework more flexible and stand ready to raise its long-term interest rate target next year if the economy can withstand overseas risks, former deputy governor Hirohide Yamaguchi told Reuters. Yamaguchi, who is considered a candidate to become next BOJ…
MELBOURNE (Reuters) – Newcrest Mining Ltd Chief Executive Sandeep Biswas will retire from his role at the helm of Australia’s largest gold producer, the company said on Monday. Chief Financial Officer Sherry Duhe, who joined the company in February, will step in as interim chief executive while a global internal and external search for a…
ROME (Reuters) – Italy will scrap part of its plans to facilitate cash payments for goods and services after criticism from European Union authorities, Economy Minister Giancarlo Giorgetti said on Sunday. In its draft 2023 budget the government had proposed changing the current system in which sellers risk fines if they refuse to accept card…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. There’s a reason investors are warned not to fight the Fed, but sometimes they still need to learn the hard way. When the second most powerful central bank in the world is standing shoulder to shoulder with the…
(Reuters) -Twitter on Sunday said that it will remove accounts created solely for the purpose of promoting other social platforms and content that contains links or usernames. The move would impact content from social media platforms like Meta Platforms’ Facebook and Instagram, along with Mastodon, Truth Social, Tribel, Nostr and Post while allowing cross-content posting,…
