Factbox-Lawsuits lodged over state-backed Credit Suisse takeover
(Reuters) -Hundreds of lawsuits have been filed over the terms of an emergency deal to save Swiss lender Credit Suisse…
2023
U.S. banking woes a major factor behind Bank of Korea rate freeze
SEOUL (Reuters) – Most of the South Korean central bank’s board members cited concerns about the U.S. banking sector’s health…
BP Profit Rises To $5 Billion As Share Buyback Slows
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -BP made a $5 billion profit in the first quarter of 2023,…
Australia central bank stuns with 25-bps hike, warns more might be needed
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank on Tuesday stunned markets by raising its cash rate 25 basis points…
Turkish factory activity growth gathers pace in April -PMI
ISTANBUL (Reuters) – Growth in new orders and output helped Turkish factory activity expand at a faster pace in April,…
Analysis-Japan’s automakers have a made-in-China sales crisis
By Daniel Leussink TOKYO (Reuters) – Japan’s automakers are facing a sales crisis in China, data shows, as a rapid…
Australian landlords push back on property valuation doomsday
By Lewis Jackson SYDNEY (Reuters) – Australia’s biggest landlords and developers played down concerns about inflated commercial property valuations at…
HSBC Rewards Shareholders With Buyback, Dividend As Profit Triples
By Selena Li and Lawrence White HONG KONG (Reuters) -HSBC Holdings said on Tuesday its profit tripled in the first…
King Charles’ coronation is a great fit for London’s Savile Row tailors
By Kate Holton LONDON (Reuters) – On Savile Row, the London street long celebrated for turning out sharp suits, tailors…
EU, US warn Malaysia of security risk in Huawei’s bid for 5G role – FT
(Reuters) -The European Union and U.S. have warned Malaysia over risks to national security and foreign investment as it finalises…