China’s industrial profits tumble, deepening economic gloom
BEIJING (Reuters) -Annual profits at China’s industrial firms extended a double-digit decline in the first five months as softening demand…
Asia
Temasek sells 1.85% stake in Singapore Airlines, remains top investor
By Selena Li and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) – Singapore’s state investor Temasek is selling around S$400 million ($295.92…
Age of crisis leaves world’s big currencies out of sync
By Alun John and Dhara Ranasinghe LONDON (Reuters) – Big global currencies are rarely on different paths. Yet Japan’s yen…
HK’s Swire Pacific sells U.S. drinks unit to shareholder for $3.9 billion
(Reuters) -Hong Kong-based conglomerate Swire Pacific Ltd said on Wednesday it would sell its Swire Coca-Cola USA unit for $3.9…
Hong Kong film-makers say censorship law spooks investors, actors
By Jessie Pang HONG KONG (Reuters) – Two years after screening an internationally acclaimed documentary on the democracy movement in…
World Bank raises Thailand 2023 growth outlook to 3.9% as tourists return
BANGKOK (Reuters) – Thailand’s economy is projected to grow 3.9% this year, up from a previous forecast of 3.6%, helped…
Marketmind: G4 central bankers speak, chips wars rumble
A look at the day ahead in U.S. and global markets from Mike Dolan Eyeing another slew of impressive U.S….
India’s aerospace suppliers see upside in parts-making from record jet orders
By Allison Lampert and Aditi Shah PARIS/DELHI (Reuters) -Indian aerospace suppliers see record jet orders by the country’s top two…
Chinese payment giants revive effort to accept foreign credit cards
By Josh Ye HONG KONG (Reuters) – Chinese tech giants Tencent Holdings and Ant Group said that they would allow…
Pakistan, IMF discuss $2.5 billion standby arrangement -domestic media
ISLAMABAD (Reuters) – Pakistan and the International Monetary Fund are discussing a $2.5-billion “standby arrangement” for six to nine months,…