HONG KONG (Reuters) -Hong Kong’s Security Chief Chris Tang criticised an opinion piece in the Wall Street Journal (WSJ) on a seizure by authorities of a statue commemorating Beijing’s Tiananmen Square crackdown on democracy protesters in 1989. Tang said in a letter to the newspaper that the WSJ opinion piece, titled “Subversive Art is a…
By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -Planning for Virgin Australia’s upcoming initial public offering (IPO) is “well advanced”, Chairman Ryan Cotton said on Wednesday in an internal email that also outlined bonus payments to the airline’s shareholders and staff after a return to profit. Cotton said Australia’s second-biggest airline was days away from…
By Karen Lema (Reuters) – Philippine President Ferdinand Marcos Jr has said the prospect of tensions escalating over Taiwan was a “grave concern” to Southeast Asian leaders and discussions about it were inevitable at this week’s summit in Indonesia. “Considering that we agree on the concept of ASEAN centrality when it comes to regional concerns,…
By Sujith Pai BENGALURU (Reuters) – Malaysia’s economic growth probably slowed in the first quarter, hit by tepid consumption and declining exports, a Reuters poll of economists showed. The Southeast Asian economy probably expanded 4.8% in the January-March quarter from a year ago, the median forecast of 21 economists polled from May 2 to 9…
SYDNEY (Reuters) -The privacy regulators for Australia and New Zealand said on Wednesday they had begun a joint investigation into the personal information handling practices at consumer finance firm Latitude Group, which was hit by a cyber attack. The Office of the Australian Information Commissioner (OAIC) and the New Zealand Office of the Privacy Commissioner…
By Julie Zhu HONG KONG (Reuters) – CICC Capital, a unit of Chinese investment bank CICC, has decided to stop using consultancy Capvision Partners’ services, three sources said, as some financial firms review their ties with China’s largest “expert network” group. Capvision is the latest consultancy and due diligence firm to get caught in Beijing’s…
By Madhumita Gokhale BENGALURU (Reuters) – India’s consumer inflation likely cooled to an 18-month low in April as rises in food and fuel prices moderated, keeping it below the Reserve Bank of India’s upper tolerance limit for the second consecutive month, a Reuters poll of economists found. Food inflation, which accounts for nearly half of…
By Khalid Abdelaziz KHARTOUM (Reuters) -Residents of Sudan’s capital reported heavy air strikes in central Khartoum on Tuesday amid a surge in looting while Saudi Arabia said negotiators were working toward a short-term ceasefire. Witnesses said the army unleashed intense air bombardment in the centre of Khartoum and around the presidential palace. The rival Rapid…
(Reuters) – Ratings agency S&P on Tuesday said a pension debt exchange by El Salvador in April constituted a default event, but added that the new terms of the exchange also cured the default. El Salvador conducted a pension debt exchange on April 28, offering private pension funds a mix of new certificates to replace…
By Rae Wee SINGAPORE (Reuters) – The dollar weakened broadly on Wednesday after U.S. President Joe Biden and top lawmakers failed to break a deadlock on the debt ceiling crisis, though currency moves were marginal amid caution ahead of U.S. inflation data later in the day. Biden and House of Representatives Speaker Kevin McCarthy remained…