By Georgina Lee and Scott Murdoch HONG KONG (Reuters) – China Life Insurance (Overseas) Hong Kong has mandated banks for its 10-year subordinated bond offering, according to a preliminary term sheet seen by Reuters on Monday. The Hong Kong arm of China’s second-biggest insurer by assets is looking to raise between $1 billion and $2…
By Leika Kihara TOKYO (Reuters) -The Bank of Japan debated growing prospects of sustained inflation at their July meeting with one board member saying wages and prices could keep rising at a pace “not seen in the past,” according to a summary of opinions released on Monday. While the members stressed the need to keep…
SYDNEY (Reuters) – Australian job advertisements posted a small rise in July after an outsized decline in the previous month, data showed on Monday, but analysts say the lift could be a blip as rate hikes work to cool red-hot labour demand. Data from Australia and New Zealand Banking Group and employment website Indeed showed…
FRANKFURT (Reuters) -Daimler Truck’s Chief Financial Officer Jochen Goetz has died in a “tragic accident,” the company said on Sunday. Goetz, 52, died on Saturday, a statement said, without giving details of the accident. Goetz spent his entire professional career, spanning more than 36 years, in the Daimler Group, and was largely responsible for the…
By Anton Bridge TOKYO (Reuters) – Japan’s SoftBank Group is likely to report a return to profit when it announces first-quarter earnings on Tuesday, analysts said, as its Vision Fund investing arm’s portfolio of technology stocks enjoyed a rebound. The tech investor has posted two consecutive years of loss on the slumping value of the…
By Mark John (Reuters) – A global failure to curb carbon emissions will lead to rising debt-servicing costs for 59 nations within the next decade, according to a study that simulated the economic impact of climate change on current sovereign credit ratings. Among them, China, India, the United States and Canada could expect higher costs…
By Suban Abdulla LONDON (Reuters) – British employers reduced the number of new permanent staff they hired through recruitment agencies by the most since mid 2020 last month due to concerns about the economic outlook, adding to signs that the market is becoming tougher for job seekers. A gauge of permanent staff hiring by the…
By Muyu Xu, Alex Lawler and Arathy Somasekhar SINGAPORE (Reuters) -Surging U.S. crude exports in 2023 are pushing down oil prices in Europe and Asia, proving a key source of supply as producers cut output and sanctions on Russian crude disrupt trade flows. The introduction in June of U.S. crude grade WTI Midland to set…
By Nidal al-Mughrabi GAZA (Reuters) – A team of U.S. orthopaedic surgeons is visiting the Gaza Strip to perform a series of joint replacement operations and provide training to local doctors. Khaled Saleh, president of the U.S.-based non-profit Fajr Scientific, said the visit would help patients immobilised by joint problems and chronic pain, as well…
JERUSALEM (Reuters) -Israeli security forces shot dead three Palestinian militants in the occupied West Bank on Sunday, Israeli police said, drawing threats of revenge by Palestinian militant factions. Violence has worsened in the West Bank since last year with more Israeli raids and Palestinian street attacks on Israelis. The Israeli police said in a statement…
