By Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) – Investors are getting more bang for their buck this year by buying European companies with a focus on China than buying Chinese companies themselves, a sign of the unevenness of China’s pandemic recovery and geopolitical concerns. Late last year, China dismantled its strict zero-COVID policy, helping…
By Maya Gebeily BEIRUT (Reuters) – Having brought President Bashar al-Assad in from the cold, Arab states want him to rein in Syria’s flourishing drugs trade in exchange for even closer ties. But as Damascus makes its own demands, the way ahead appears far from simple. Arab states turned the page on years of confrontation…
By Ludwig Burger FRANKFURT (Reuters) – Zealand Pharma and partner Boehringer Ingelheim said their experimental obesity drug achieved up to 14.9% weight loss after 46 weeks in a mid-stage trial, adding a potential contestant to the fast growing obesity drug market. In a statement on Wednesday, the partners said that the Phase II dose-finding trial…
COLOMBO (Reuters) – An International Monetary Fund (IMF) staff team will arrive in Sri Lanka on Thursday, a statement from the global lender said as the crisis-hit country prepares for the first review of a loan programme in September. The delegation will visit Sri Lanka during May 11-23 as part of regular consultations ahead of…
By Chiara Elisei LONDON Reuters) – UBS could have to lure investors with significantly higher yields when it next sells Additional Tier 1 bonds, paying what analysts say could be a punitive price for a Swiss decision to wipe out Credit Suisse AT1s under their shotgun merger. To sell new AT1s, UBS would have to…
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…
