By Lewis Jackson and Praveen Menon SYDNEY (Reuters) – Australia’s third-largest pension fund will officially open its first overseas outpost in London in November, a senior company official said, pushing for more private market investments as the sector outgrows the confines of home. Aware Super, with A$160 billion ($102 billion) in assets, will set up…
By Samuel Shen and Summer Zhen SHANGHAI/HONGKONG (Reuters) – Buy the state, sell the capitalist – that’s how global investors are trying to play China’s latest anti-graft crackdowns as they see private enterprise increasingly sidelined in Beijing’s quest for “common prosperity”. China’s recent sweep of the medical sector came as a shock to many investors…
By Li Gu and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s promise of a “comprehensive” package to address local debt issues has triggered a rush into bonds issued by local government financing vehicles (LGFV) as investors sense an implicit state guarantee for these provincial firms. Yields on LGFV bonds, which account for half of China’s corporate…
TAIPEI (Reuters) -Taiwan Vice President William Lai has promised during a visit to San Francisco to take peace as his “lighthouse” and democracy as his guide, on the final leg of a trip that China has condemned. Lai is stopping briefly in the U.S. city on his way back to Taipei after visiting Paraguay, having…
By Jacqueline Thomsen WASHINGTON (Reuters) – The district attorney prosecuting former U.S. President Donald Trump on election interference charges in Georgia has proposed that his trial start in March of next year, a date that would have Trump in court mid-campaign for the 2024 Republican presidential nomination. The proposed March 4 trial date is one…
OSLO (Reuters) – Norwegian oil and gas companies plan to invest more in 2023 and 2024 than previously thought, driven mainly by rising activity as well as cost inflation from a weaker crown currency, a national statistics office (SSB) survey showed on Thursday. The country’s biggest business sector now expects to invest 213 billion Norwegian…
(Reuters) – The United States is preparing to escalate its complaint that Mexico’s ban on genetically modified corn violates the neighbours’ free-trade deal, Bloomberg News said on Thursday. The office of the U.S. Trade Representative plans to request the formation of a dispute resolution panel under the US-Mexico-Canada Agreement (USMCA), according to the report, which…
By Kane Wu and Abigail Summerville HONG KONG/NEW YORK (Reuters) – U.S. meat and processed food maker Tyson Foods plans to sell its China poultry business, three people with knowledge of the matter said, in the latest case of a multinational firm looking to divest from the country in recent years. The company has hired…
By Soo-hyang Choi and Josh Smith SEOUL (Reuters) -North Korea has concluded that U.S. soldier Travis King wants refuge there or elsewhere because of “inhuman maltreatment and racial discrimination” in the U.S. and the military, state media said on Wednesday. It was the North’s first public acknowledgement of the army private’s crossing from South Korea…
By Summer Zhen HONG KONG (Reuters) – Money continued to flow out of Asian hedge funds in the first half of 2023 as a disappointing China recovery and resilient stock markets outside the region pulled investors away. Funds headquartered in Asia Pacific recorded a net asset outflow of $3.7 billion in the first half, the…
