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July 19, 2023
Activist investor Elliott takes big stake in drugmaker Catalent – WSJ
(Reuters) -Activist investor Elliott Investment has built a significant stake in Catalent and is pushing for a shake-up on the…
Exclusive-China’s state banks seen selling dollars offshore to slow yuan declines – sources
SHANGHAI (Reuters) – China’s major state-owned banks were seen selling dollars to buy yuan in the offshore spot market in…
Australia jobs jump again, heaping pressure on RBA
SYDNEY (Reuters) -Australia employment handily beat expectations for a second straight month in June, while the jobless rate stayed near…
China’s Washington envoy warns of retaliation against further US tech curbs
By David Brunnstrom WASHINGTON (Reuters) – China does not want a trade or tech war but will definitely respond if…
Australia telco giant Telstra to cut nearly 500 jobs
SYDNEY (Reuters) – Australia’s biggest telecommunications company Telstra said on Thursday it planned to cut nearly 500 jobs due to…
Bank Indonesia rates on hold for rest of year, cut in Q1 2024 – Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75%…
China keeps lending benchmarks unchanged; economic weakness tests policymakers
SHANGHAI/SINGAPORE (Reuters) -China left its lending benchmarks unchanged on Thursday, after the central bank stood pat on a key policy…
Canada’s Pacific dock workers revoke strike notice after Trudeau’s crisis meeting
By Chris Helgren and Steve Scherer VANCOUVER (Reuters) – Dock workers on Canada’s Pacific coast said they have revoked a…
S.Korea financial watchdog gathers securities firms to manage real estate risks
SEOUL (Reuters) – South Korea’s financial market watchdog gathered local securities firms on Thursday to assess real estate-related risks and…
Geely truck unit, Farizon, raises $600 million in funding round
(Reuters) – China’s Farizon, a maker of electric and hybrid trucks which is owned by automaker Geely, has raised $600…