By Summer Zhen and Xie Yu HONG KONG (Reuters) – A new China-focused hedge fund, led by a former Hillhouse Capital Management fund manager, has raised between $100 million and $150 million, marking one of the strongest launches for a China-focused fund this year. Hong Kong-headquartered Protium Capital Ltd, a long-short equity fund, will begin…
By Praveen Menon SYDNEY (Reuters) -Australia’s Senate passed legislation on Monday that paves the way for the country to hold a landmark referendum later this year on whether to recognise its Indigenous people in the constitution. In a final vote in the upper house of parliament, 52 voted in favour of the bill while 19…
By David Kirton RUICHANG, China (Reuters) – When Steven Du took over his parents’ factory producing temperature control systems in Shanghai, one of the first changes he made was to turn on the plant’s heating in winter – something his frugal forebears were reluctant to do. “If you don’t improve their environment, the workers aren’t…
By David Kirton RUICHANG, China (Reuters) – When Steven Du took over his parents’ factory producing temperature control systems in Shanghai, one of the first changes he made was to turn on the plant’s heating in winter – something his frugal forebears were reluctant to do. “If you don’t improve their environment, the workers aren’t…
LOS ANGELES (Reuters) – American Wyndham Clark won the U.S. Open at Los Angeles Country Club by one shot over Rory McIlroy on Sunday to claim his first major title. Clark, who began the day in a share of the lead with Rickie Fowler, carded an even-par 70 that left him at 10 under on…
By Katya Golubkova TOKYO (Reuters) – Global oil prices fell on Monday, backing off last week’s gains as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Brent crude lost 68 cents to trade at $75.93 a barrel…
By Stella Qiu SYDNEY (Reuters) – Asian shares started cautiously on Monday after their best weekly run in five months, as investors looked ahead to China’s rate decision and U.S. Federal Reserve Chair Jerome Powell’s testimonies for clues on the rate path ahead. S&P 500 futures rose 0.1% early in Asia while Nasdaq futures firmed…
(Reuters) -Moscow declined United Nations offers to help residents affected by the flooding from the breached Kakhovka Dam, the world body said on Sunday, as the death toll rose and filthy water has forced the closing of beaches in southern Ukraine. The collapse of the Moscow-controlled dam on June 6 unleashed floodwaters across southern Ukraine…
By Mark Trevelyan (Reuters) -Russia reported fierce fighting on Sunday on three sections of the front line in Ukraine while Ukraine’s president praised his troops for repelling enemy advances and said their counter-offensive was progressing well. The assesments of action along the 1,000-km (600-mile) long front were made a day after an African peace mission…
(Reuters) – Drugmaker AstraZeneca is drafting a plan to spin off its China business, and listing a separate unit in Hong Kong is being viewed as an option, the Financial Times reported on Sunday. A separation might not ultimately take place, the report said, citing people familiar with the matter, with one of them saying…
