By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -The Philippine central bank left its benchmark interest rate steady at 6.25% for a third straight meeting on Thursday, saying it needed to balance the need to support economic growth while keeping inflation in check. While inflation risks were tilted to the upside, Bangko Sentral…
By Mariya Gordeyeva ALMATY (Reuters) – Kazakhstan-based Freedom Holding, the latest target of Hindenburg Research, plans to keep working with non-sanctioned Russian clients despite a critical report from the short-seller that Freedom describes as speculative and unsubstantiated. Hindenburg, which has tussled with tycoons such as Carl Icahn and Gautam Adani this year, said its research…
By Toby Sterling, Pablo Mayo Cerqueiro and Andres Gonzalez AMSTERDAM (Reuters) – Investment company Exor was able to build a 15% stake in Dutch healthcare group Philips without triggering the usual disclosures thanks to derivatives deals through Goldman Sachs, regulatory filings show. The two companies said earlier this week that Exor, the investment arm of…
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…
