By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets bring an eventful first half of the year to a close on Friday with investors bracing for a raft of top tier economic data, particularly from China and Japan, and digesting yet another…
By Simon Lewis and Daphne Psaledakis WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken said hard work remains to reach a final agreement to end the conflict over the Nagorno-Karabakh enclave, as talks between Armenia and Azerbaijan’s foreign ministers hosted by Washington ended on Thursday. Blinken, who posed for a photograph with Armenian Foreign…
By Stephen Culp NEW YORK (Reuters) – The S&P 500 advanced on Thursday and benchmark Treasury yields hit their highest level since early March as robust economic data helped ease recession fears but increased the odds of the Fed keeping its restrictive policy in place for longer than expected. Financials led the gainers after the…
WASHINGTON (Reuters) – A Chinese spy balloon that flew over the United States earlier this year before being shot down did not collect information as it went across the country, the Pentagon said on Thursday. “We assess that it did not collect while it was flying over the U.S.,” Pentagon spokesman Brigadier General Pat Ryder…
By Scott Murdoch and Kane Wu SYDNEY/HONG KONG (Reuters) – Chinese companies are finding it challenging to get timely regulatory approvals for overseas share offerings as scrutiny of their proposals has intensified under new listing rules, frustrating potential issuers and investment bankers. Since the launch of the overhauled listing regime on March 31, not a…
By Asif Shahzad LAHORE (Reuters) -Pakistan’s finance minister said a staff level agreement for a crucial bailout deal with the International Monetary Fund was “very close” and expected in the next 24 hours. Islamabad is racing against time to unlock at least $1.1 billion under the lender’s ninth review of a $6.5-billion Extended Fund Facility…
By Jonathan Stempel NEW YORK (Reuters) – Coinbase, the largest U.S. cryptocurrency platform, said it will ask a judge to dismiss the U.S. Securities and Exchange Commission lawsuit claiming it broke the law by failing to register its business. In a letter filed just before midnight on Wednesday in Manhattan federal court, Coinbase said the…
By Maya Gebeily BEIRUT (Reuters) -Lebanon’s financial crisis has been aggravated by vested interests resisting crucial reforms, the International Monetary Fund (IMF) said on Thursday, warning that no action could lead the country “down an unpredictable road”. The nearly four-year economic meltdown has cost the local currency roughly 98% of its value, seen GDP contract…
(Reuters) -Australian financial conglomerate Macquarie Group said on Thursday it would divest its U.S.-based port terminal operator Ceres Terminals, with a source familiar with the matter placing the deal value north of $900 million. Macquarie did not disclose any further details on the deal, and declined to comment on Reuters’ request seeking confirmation of the…
By Joe Cash BEIJING (Reuters) – The value of Chinese debt relief decreased by over 50% between 2021 and 2022, a report from Rhodium Group showed, with Angola alone receiving two thirds of deferrals despite China backing multilateral efforts to standardise support for poor countries. As the world’s largest bilateral creditor, China is central to…
