TAIPEI (Reuters) – Taiwan’s exports fell for a ninth consecutive month in May, although meeting expectations, in a symptom of anaemic demand for the island’s tech products from China and global markets, with matters not expected to improve until the third quarter. Exports last month were down 14.1% in value on the year, at $36.13…
By Shreyashi Sanyal (Reuters) -Madrid stocks rose on Wednesday after Zara-owner Inditex’s strong quarterly showing, while its other European peers lagged as luxury companies dipped on weak China trade data. The pan-European STOXX 600 index edged 0.2% lower, while Spain’s IBEX 35 index gained 0.3%, in the first hour of trading. Inditex rose 5.6% after…
By Sarah Marsh BERLIN (Reuters) – The far-right Alternative for Germany (AfD) is riding high in the polls to the alarm of mainstream parties and is on track to win three state votes in the east of the country with calls to stop migration and curb what it sees as a costly green agenda. AfD…
By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s government will hope to find a balance between reforms to satisfy the International Monetary Fund and measures to win over voters in an imminent election in its budget for the 2023-24 fiscal year to be announced on Friday, analysts said. Pakistan’s IMF programme runs out this month…
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Japan’s financial regulator is exploring ways to bolster financing for leveraged buyouts (LBOs) and is in discussions with big banks and other institutions about how to bring more participants into the market, regulatory officials said. As more corporations step up sales of non-core assets or seek…
By Maria Martinez BERLIN (Reuters) -German industrial output rose less than expected in April, darkening the outlook for the euro zone’s largest economy following weak new orders data earlier this week. Production increased by 0.3% on the previous month, the federal statistical office said on Wednesday. In a Reuters poll, analysts had pointed to an…
HONG KONG (Reuters) – Some of China’s distressed property developers face the risk of being delisted, which would reduce their options for restructuring and make them more vulnerable to liquidation, S&P Global Ratings said on Wednesday. China’s private developers have been in turmoil since mid-2021 after Beijing’s crackdown on debt impacted first Evergrande Group and…
By Blake Brittain (Reuters) -Realtek Semiconductor Corp sued rival Taiwanese chipmaker MediaTek Inc in Northern California federal court on Tuesday, claiming MediaTek paid a company that sues over patents a “secret litigation bounty” to file meritless lawsuits in the United States to disrupt its business. The lawsuit accuses MediaTek of conspiring with IPValue Management Inc…
By Leigh Thomas PARIS (Reuters) -Global economic growth will pick up only moderately over the next year as the full effects of central bank rate hikes are felt, softening the boost from lower inflation, the OECD said on Wednesday, nudging up its 2023 economic outlook. The world economy is set to grow 2.7% this year,…
By Scott Murdoch and Kane Wu SYDNEY/HONG KONG (Reuters) – Private equity firm Hillhouse Capital Group has offered to make concessions in its purchase of Australian medical researcher George Clinical to gain regulatory approval after an unusually long review, said two people with knowledge of the matter. Hillhouse will retain Australian directors and keep data…
