By Bansari Mayur Kamdar (Reuters) – U.S. stock index futures were muted on Thursday ahead of jobless claims data and fresh inflation figures that are expected to give more cues on the Federal Reserve’s tightening policy, while Delta Air Lines led gains among carriers on strong earnings. Both jobless claims and producer prices data at…
HONG KONG (Reuters) – China Evergrande Group’s main unit Hengda Real Estate Group has reached an agreement with bondholders to delay payments for a 4.5 billion yuan ($707.52 million) onshore bond, Hengda said in a filing on Thursday. The company had been seeking a six-month delay for redemption and coupon payments on its 6.98% January…
By Huw Jones LONDON (Reuters) – British lawmakers plan to scrutinise increases in the fees Visa and Mastercard charge businesses after the country’s payments regulator found no evidence to justify the rises, a parliamentary committee said on Thursday. Parliament’s Treasury Select Committee said the companies, whose networks account for 99% of card transactions in Britain,…
By Kevin Yao BEIJING (Reuters) – China’s economic growth is likely to slow to 5.2% in 2022, before steadying in 2023, a Reuters poll showed, as the central bank steadily ramps up policy easing to ward off a sharper downturn. The expected 2022 growth would be lower than the 5.5% analysts had forecast in a…
KUALA LUMPUR (Reuters) – Malaysia said on Thursday it has recovered enough funds linked to scandal-tainted state fund 1Malaysia Development Berhad (1MDB) to pay off only the principal amount of the debt still owed by the firm this year. 1MDB raised billions of dollars in bonds, ostensibly for investment projects and joint ventures, between 2009…
By James Davey and Paul Sandle LONDON (Reuters) – A desire by British shoppers to celebrate Christmas at home spurred Tesco and Marks & Spencer to the top of the festive retail pile, with demand for premium food, wine and champagne helping both to upgrade profit forecasts. The rapid spread of the Omicron coronavirus variant…
BEIJING (Reuters) – China said on Thursday that it hopes the United States can create conditions to expand trade cooperation, after Chinese purchases of U.S. goods in the past two years fell short of the targets in a Trump-era trade deal. China has been behind in its promises in a “Phase 1” trade pact to…
HONG KONG (Reuters) -Chinese property developer Sunac China Holdings Ltd said on Thursday it planned to raise HK$4.52 billion ($580.09 million) from a share sale for repayment of loans and general corporate purposes. The Hong Kong-listed developer plans to sell 452 million new shares, or 8.3% of the enlarged share capital, to controlling shareholder Sunac…
LONDON (Reuters) – Tesco, Britain’s biggest retailer, on Thursday raised its profit outlook for the second time in four months as it reported a rise in Christmas sales despite a tough comparative with 2020 when spending was boosted by a COVID-19 lockdown. The group said UK like-for-like sales rose 0.2% year-on-year in its third quarter…
By Anthony Deutsch and Simon Jessop AMSTERDAM/LONDON (Reuters) -The Dutch wing of environmental group Friends of the Earth, which won a landmark court victory against Royal Dutch Shell last year, is targeting 30 major corporate emitters in a campaign launched on Thursday. Milieudefensie has set its sights on large companies with legal bases in the…
