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(Reuters) -Australian banks could face heightened supervisory attention if they make large exceptions in granting home loans to borrowers who fail to meet an industry standard, the country’s prudential regulator warned on Friday. In a letter to banks, the Australian Prudential Regulation Authority (APRA) reiterated its expectations that lenders should extend home loans only if…
By Julie Zhu and Aziz El Yaakoubi HONG KONG/RIYADH (Reuters) – Chinese entrepreneurs and investors are flocking to Riyadh this week to attend a business conference, which will bring together business and government leaders aiming to explore expansion and fundraising opportunities, amid warming diplomatic relations. Saudi Arabia will be hosting the 10th Arab-China Business Conference,…
By Julie Zhu and Aziz El Yaakoubi HONG KONG/RIYADH (Reuters) – Chinese entrepreneurs and investors are flocking to Riyadh this week to attend a business conference, which will bring together business and government leaders aiming to explore expansion and fundraising opportunities, amid warming diplomatic relations. Saudi Arabia will be hosting the 10th Arab-China Business Conference,…
By Patricia Zengerle WASHINGTON (Reuters) – Legislation to strip China of its status as a “developing nation” at some international organizations was passed by a U.S. Senate committee on Thursday, as members of the U.S. focus on competing with the Asian power. The Senate Foreign Relations Committee approved the “Ending China’s Developing Nation Status Act”…
By Stella Qiu SYDNEY (Reuters) – The risk of Australia’s economy slipping into recession has risen sharply, after the central bank surprised markets this week by raising rates and warned it could tighten again to tamp down on high inflation even at the cost of preserving jobs. For a year, Reserve Bank of Australia Governor…
BEIJING (Reuters) -BYD announced on Friday a new brand of electric vehicles (EV) ranging from off-road to sports cars as the company looks to meet more diversified consumer demand. The new brand is called Fang Cheng Bao, which translates from Chinese literally as “Formula” and “Leopard”. The Chinese EV giant is expected to launch the…
(Reuters) – A group of Japanese investors are planning to file lawsuits against some brokerages based in the country, including Mitsubishi UFJ Morgan Stanley Securities, over their sale of AT1 bonds issued by Credit Suisse Group AG, Nikkei reported on Friday. Former Bank of America Securities lawyer Taiju Yamazaki has said he expects his “first…
SEOUL (Reuters) – Borrowing by South Korean households grew in May, marking the biggest increase in 19 months, as demand for mortgages climbs due to a loosening of regulations. Total household borrowing from banks increased by 4.2 trillion won ($3.3 billion) or 0.4% to stand at 1,056.4 trillion won at the end of May, according…
(Reuters) – Here are reactions after former President Donald Trump said he has been indicted by the U.S. Department of Justice, apparently for mishandling sensitive government documents. U.S. HOUSE SPEAKER KEVIN MCCARTHY: “Today is indeed a dark day for the United States of America.” “House Republicans will hold this brazen weaponization of power accountable.” DEMOCRAT…
By Alexandra Ulmer and Anna Tong SAN FRANCISCO (Reuters) -In one apparently altered image, former U.S. President Donald Trump is seen hugging his bête noire Dr. Anthony Fauci, who beams in response. In another, Trump is kissing Fauci on the nose. These images published by Florida Governor Ron DeSantis’ campaign this week demonstrate how the…
