By Rachel Savage JOHANNESBURG (Reuters) – The development bank founded by the so-called BRICS countries closed the auction for its first South African rand bonds on Tuesday, as it comes under pressure to boost its local currency fundraising and lending. The New Development Bank’s (NDB) two bonds, a 1 billion rand ($52.3 million) five-year note…
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s current level of the benchmark interest rate was nearly balanced, the central bank governor said on Wednesday, adding that monetary policy would not be affected by a delay in the formation of a new government. The Bank of Thailand (BOT) has raised its key rate…
(Reuters) -Australia’s corporate regulator said on Wednesday it had asked the country’s general insurers to improve their claims handling practices and resources after it found issues in multiple areas in a review. The Australian Securities and Investments Commission (ASIC) has commenced several investigations related to claims handling practices after its review of more than 218,000…
By Naveen Thukral SINGAPORE (Reuters) -Vietnamese exporters have renegotiated higher prices for around half a million metric tons of rice, two trade sources said, as global prices climbed to 15-year highs following India’s ban on overseas sales last month. This is the first confirmation of rice prices climbing in the wake of India’s surprise ban,…
(Reuters) – Intel said on Wednesday it has terminated its plans to acquire Israeli contract chipmaker Tower Semiconductor as it was unable to get timely regulatory approvals for the $5.4 billion deal. Intel, which signed a deal to buy Tower last year, will pay a termination fee of $353 million to the latter, according to…
By Jack Queen (Reuters) -Donald Trump is likely to claim that his right to free speech and genuine concerns about voter fraud protect him from charges that he pressured Georgia officials to change the results of the 2020 election in his favor. But legal experts say the case appears to be a straightforward fraud prosecution…
By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) – Vietnam’s EV champion VinFast has managed to sell Wall Street on a Nasdaq listing that values the loss-making startup at more than $85 billion, almost twice as much as Ford or General Motors. Now comes the hard part: moving overseas growth out of the slow lane….
By Jorge Garcia and Sandra Stojanovic OLOWALU, Hawaii (Reuters) – Yadira Ulloa was pumping gas near the apartment building where she lived on the western side of Maui when the winds kicked up, blowing shingles off the roof and propelling the wildfire that would soon incinerate her town of Lahaina. The winds from a distant…
MANILA (Reuters) – The Philippines risks losing its investment grade rating if it fails to reform an “unsustainable” military and uniformed personnel (MUP) pension system because it will constrain its ability to cut its debt and deficit, the finance secretary said. President Ferdinand Marcos Jr has made reforming the retirement system for service personnel a…
SEOUL (Reuters) -South Korea’s house prices rose slightly in July after 13 months of decline, data showed on Wednesday, with the rise led by demand for preferred residential complexes in the capital area. Korea Real Estate Board’s nationwide house transaction price index rose 0.03% in July, after a 0.05% fall in June, and posted its…
