By Summer Zhen HONG KONG (Reuters) – People in China splashed out on dining, travel and luxury goods after emerging from three years of pandemic restrictions but are still not spending freely on routine consumer items, if first quarter corporate results are an indication. There was a broad bounce in earnings after China ended its…
ATHENS (Reuters) – The ECB’s monetary tightening cycle will end this year if there are no dramatic changes, Greek central bank chief Yannis Stournaras told a news website in an interview published on Wednesday. Stournaras, considered a dove on the ECB’s 26-member Governing Council, told imerisia.gr that “as things stand at the moment, and if…
WASHINGTON (Reuters) -U.S. federal prosecutors have filed criminal charges against George Santos, the embattled Republican U.S. congressman who has admitted to lying about his resume but defied calls to step down, CNN reported on Tuesday, citing three sources. Santos is expected to appear as soon as Wednesday in federal court in New York’s Eastern District,…
By Sinead Cruise and Iain Withers LONDON (Reuters) – Some of Britain’s top finance executives, fearful London is losing out to New York and rival European cities, are pressing the government to broaden an array of reforms aimed at attracting big-ticket corporate listings. London has seen a 40% decline in publicly-listed companies since 2008 and…
By Julie Zhu HONG KONG (Reuters) – CICC Capital, a unit of leading Chinese investment bank CICC, has stopped using Capvision Partners’ services, three sources said, following an investigation into the “expert network” as part of Beijing’s crackdown on national security. Shanghai-based Capvision is the latest consultancy and due diligence firm to get caught in…
By Summer Zhen HONG KONG (Reuters) – People in China splashed out on dining, travel and luxury goods after emerging from three years of pandemic restrictions but are still not spending freely on routine consumer items, if first quarter corporate results are an indication. There was a broad bounce in earnings after China ended its…
By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s second-biggest lender Oversea-Chinese Banking Corp (OCBC) joined bigger rival DBS Group in flagging a peak in interest rates after reporting record quarterly profit on Wednesday thanks to higher net interest margins. OCBC Group Chief Executive Officer Helen Wong said the bank believed interest rates had peaked and “will go…
(Reuters) – A citizen of the United Kingdom who was extradited to New York from Spain last month has pleaded guilty to cyberstalking and computer hacking schemes, including the 2020 hack of the social media site Twitter, the U.S. Justice Department said on Tuesday. Joseph James O’Connor, 23, was charged in both North Dakota and…
By Khalid Abdelaziz DUBAI (Reuters) – When conflict flared in Khartoum almost a month ago, pitting Sudan’s armed forces and their heavy weaponry against a paramilitary force born out of an agile but lightly-armed desert militia, it looked like it might prove a one-sided fight. But the head of the army, General Abdel Fattah al-Burhan,…
By Mike Dolan LONDON (Reuters) – Sterling’s been down so long, this looks like up to most people. Against the dark mood surrounding the British economy and dour positioning on the pound over the past 18 months, spring appears brighter – even if the gloomy weather being endured by anyone living in the country might…
