LONDON (Reuters) -HSBC’s most vocal individual activist shareholder Ken Lui on Monday said he had spoken for the first time with the bank’s largest investor, Ping An, about their controversial proposals to spin off the lender’s Asia business. Top management executives of Ping An Asset Management, an investment unit of the Chinese insurer, exchanged views…
By Florence Tan and Mohi Narayan (Reuters) -Oil prices fell more than 1% on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. Brent crude slipped 91 cents, or 1.11%, to $80.75 a barrel by 0627…
By Chen Lin SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 5% in March, slightly lower than forecast, official data showed on Monday. The core inflation rate – which excludes private road transport and accommodation costs – rose 5% year-on-year in March, lower than the 5.5% rise seen in February. A Reuters poll of…
(Reuters) -Investors are gearing up for a busy week ahead, when the bulk of the S&P 500 components report earnings, the dollar could see if it’s regained any forex-appeal and the Bank of Japan’s new governor chairs his first policy meeting. Here’s a look at the week ahead in markets from Lewis Krauskopf in New…
By Joice Alves LONDON (Reuters) – A big splurge in spending in China after Beijing lifted COVID-19 lockdowns will help cushion quarterly results of the world’s biggest companies, investors say, even as forecasts suggest the United States and Europe are heading into a corporate recession. Concerns are growing that tightening credit will dent the…
BARCELONA (Reuters) – Global fashion retailers gathering in Barcelona this week will discuss how they respond to pressure from regulators and consumers to move to more sustainable models while reversing declining sales in Europe. Executives from companies including Chinese fast-fashion retailer Shein, Spain’s Mango, and Ireland’s Primark are among those attending the World Retail Congress,…
By Susanna Twidale and Nina Chestney LONDON (Reuters) – Floating wind is viewed as the final frontier for offshore wind as turbines can be installed in deeper waters than fixed-bottom foundations, harnessing stronger and more continuous wind to generate more power. There are two main types of tender for traditional and floating wind projects. Governments…
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Monday the central bank’s inflation forecasts must be “quite strong and close to 2%” in the coming year to consider tweaking yield curve control. “At present, trend inflation is below 2% so we must maintain monetary easing,” Ueda told parliament. “But when…
SHANGHAI (Reuters) – Tesla has begun producing in Shanghai a version of the Model Y to be sold in Canada this year, the first time it will ship cars to North America from China, according to a person with direct knowledge of the plan and a production memo seen by Reuters. The move would connect…
AMMAN (Reuters) -Israel has detained a Jordanian lawmaker on suspicion of smuggling arms and gold into the West Bank and Amman is working to secure his release, the kingdom’s foreign ministry said on Sunday. Imad al Adwan, a member of parliament who had crossed a main border crossing along the Jordan River earlier on Sunday…
