By Summer Zhen HONG KONG (Reuters) – As Japan’s stock market roars to multi-decade highs, large investors with long memories say they are staying out, wary of sagging momentum and the prospect the central bank will unwind its massive monetary stimulus. Riding a wave of buybacks and strong corporate earnings, and pumped up by a…
(This May 17 story has been corrected to rectify the name to Friberg, not Friburg, in paragraph 17) By Samuel Shen and Xie Yu SHANGHAI/HONG KONG (Reuters) – Smaller consultancy and due-diligence firms in China reckon they stand to gain once business returns to normal after the shock administered by Beijing’s crackdown on firms supplying…
By Sabine Siebold BRUSSELS (Reuters) – NATO will step back to the future at its Vilnius summit in July, with leaders set to approve thousands of pages of secret military plans that will detail for the first time since the Cold War how the alliance would respond to a Russian attack. The move signifies a…
By Leigh Thomas PARIS (Reuters) – France’s unions may have failed to derail President Emmanuel Macron’s push to raise the retirement age, but they are reaping big gains in new members thanks to the months-long battle. Hydroelectric plant worker Jeremy Bensa joined the hardline CGT after he and co-workers in his unit at state power…
By Rama Venkat (Reuters) -Amazon.com Inc’s cloud computing unit will invest 1.06 trillion rupees ($13 billion) in India by the end of this decade, doubling down on its past investments to cater to the growing demand for such services in one of Asia’s fastest-growing economies. This comes on top of its $6.5 billion investment in e-commerce…
By Matt Tracy (Reuters) -Many U.S. regional lenders may have to consider selling off commercial real estate (CRE) loans at a steep discount after breaching key regulatory thresholds for exposure to the troubled sector, according to new data and market sources. Regional banks, the largest lenders to the beleaguered U.S. CRE and construction markets, have…
WELLINGTON (Reuters) – Six Pacific countries are at a high risk of debt distress in part due to government spending to respond to the COVID-19 crisis, the World Bank said in a report on Thursday. The report, titled Raising Pasifika, said fiscal consolidation was needed in Kiribati, Republic of the Marshall Islands, Federated States of…
WELLINGTON (Reuters) – Six Pacific countries are at a high risk of debt distress in part due to government spending to respond to the COVID-19 crisis, the World Bank said in a report on Thursday. The report, titled Raising Pasifika, said fiscal consolidation was needed in Kiribati, Republic of the Marshall Islands, Federated States of…
BEIJING (Reuters) – Beijing’s special envoy noted there was no panacea to the war in Ukraine during a visit to Kyiv earlier this week, but urged all parties to create conditions for peace talks, China’s foreign ministry said on Thursday. Special envoy for Eurasian Affairs Li Hui visited Kyiv on Tuesday and Wednesday, where he…
(Reuters) -Chile’s SQM, the world’s second-largest lithium producer, said on Wednesday that its first-quarter net profit slid almost 6% compared to the year-ago period to total nearly $750 million. Revenue for the miner landed at $2.26 billion during the January-to-March period, up almost 12% compared to revenue during last year’s first quarter as sale prices…
