By Paritosh Bansal (Reuters) – Fund managers are worried the Biden administration’s move to restrict some outbound U.S. investment to China will further fuel anti-Beijing sentiment in Washington and prompt more limitations. The executive order regulates U.S. investments in China in sensitive technologies. Investors, advisers and an administration official said it is tailored around national…
By Sinead Cruise and Carolina Mandl LONDON/NEW YORK (Reuters) – Global investors are losing confidence in securities linked to shares of companies in the world’s geopolitical hot spots, investors and analysts said, after Moscow moved to de-list Russian depositary receipts from foreign exchanges in retaliation for Western sanctions over the war in Ukraine. Moscow’s actions…
(Reuters) – Russia sent a task force to oversee cleanup of parts of the country’s Far East on Sunday after Typhoon Khanun passed through the Primorye region, the emergencies ministry in Moscow said. Russia’s TASS news agency quoted the ministry as saying the number of flooded homes stood at 4,368 while 5,654 adjoining plots and…
A look at the day ahead in European and global markets from Wayne Cole. It’s been a nervy start to the week in Asia as concerns about China’s debt-laden property sector take a toll on stocks and the yuan, which hit its lowest in a month despite a strong fix from the PBOC. Chinese blue…
CARACAS (Reuters) – Venezuela’s top prosecutor launched an investigation on Sunday into death threats against a presidential candidate, as fears of political violence in the region have risen following last week’s assassination in Ecuador. Attorney General Tarek Saab wrote in a post on social media platform X, formerly known as Twitter, that human rights prosecutors…
By Selena Li HONG KONG (Reuters) – U.S. bank Citigroup has completed the sale and migration of its Taiwan consumer businesses to Singapore’s DBS Group, it said on Monday. The now transferred retail business includes retail banking, credit card, mortgage and unsecured lending businesses, as well as the transfer of close to 3,000 employees. The…
SYDNEY (Reuters) – Qantas on Monday unveiled plans for some aircraft to carry special livery supporting recognition of Aboriginal and Torres Straits Island people in Australia’s constitution, stepping into the divisive debate on Indigenous rights. Australians will vote in a landmark referendum later this year on whether they support altering the constitution to include a…
By Anton Bridge TOKYO (Reuters) – Rakuten Group shares surged on Monday morning after the e-commerce giant reported narrowing losses at its cash bleeding mobile unit last week alongside assurances that it can cover its debt burden for the next financial year. Shares jumped as much as 5.2% when markets opened, hitting 596.9 yen before…
By Jyoti Narayan and Akanksha Khushi (Reuters) -United States Steel Corp on Sunday launched a formal review of its strategic options, after rebuffing a takeover offer from rival steelmaker Cleveland-Cliffs Inc. The unsolicited cash-and-stock offer from Ohio-based Cliffs valued U.S. Steel at about $7.3 billion, representing a 43% premium to its closing price on Friday….
By Alexandra Valencia QUITO (Reuters) -Ecuador’s presidential candidates promised improvements in security during a debate late on Sunday, days after their fellow hopeful Fernando Villavicencio was assassinated leaving a campaign event. The killing of the 59-year-old in the closing days of the campaign has sent shockwaves through the South American country of 18 million people,…
