UBS shelves plan for new China fund unit, takes over Credit Suisse joint venture – sources
By Selena Li and Samuel Shen HONG KONG (Reuters) – UBS has halted plans to set up a new fund…
2023
ASEAN chair urges unity as top diplomats meet amid Myanmar discord
By Kate Lamb and Stanley Widianto JAKARTA (Reuters) – ASEAN chair Indonesia on Tuesday stressed the importance of the regional…
More than $2 billion committed at UK-US climate finance forum
LONDON (Reuters) -Finance leaders, companies and philanthropists have committed more than $2 billion to help finance efforts to reduce carbon…
S.Korea state-run banks join liquidity support effort for credit union
By Jihoon Lee SEOUL (Reuters) -South Korean state-run banks are providing at least two trillion won ($1.54 billion) of liquidity…
China’s foreign minister to miss ASEAN meeting for health reason
By Yew Lun Tian and Karen Lema (Reuters) – China’s foreign minister Qin Gang will not attend a diplomatic gathering…
Mercedes sales rise in Q2 on top-end, electric vehicles
BERLIN (Reuters) – Mercedes-Benz Group sales in the second quarter rose 6% year-on-year – a total of 515,700 vehicles –…
Australia court approves $300m money laundering fine for Blackstone’s Crown Resorts
SYDNEY (Reuters) – An Australian court signed off on a A$450 million ($300 million) fine for Blackstone-owned owned casino operator…
Spain rescues boat with 86 migrants, hundreds likely still missing
MADRID (Reuters) -Spanish maritime rescue that dispatched a plane and a ship to search for a fishing vessel from Senegal…
Renault brand sales up 11% in first half
PARIS (Reuters) – French automaker Renault said on Tuesday worldwide sales of its flagship brand rose 11% in the first…
Israel’s Knesset gives first nod to contested Supreme Court bill
By Maayan Lubell JERUSALEM (Reuters) -Israel’s parliament has given initial approval to a bill that limits some Supreme Court power,…