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…
Business
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…
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…
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…
Lordstown shares dive 23% as investor Foxconn alleges agreement breach
By David Shepardson and Tiyashi Datta (Reuters) -Lordstown Motors warned on Monday it might be forced to file for bankruptcy…
Russian factory activity expands in April as export orders pick up
MOSCOW (Reuters) – Activity in Russia’s manufacturing sector grew for the 12th month running in April, and new export orders…
Singapore’s DBS posts record Q1 profit, expects margins to decline as rates peak
By Yantoultra Ngui SINGAPORE (Reuters) -DBS Group posted record first-quarter profit, with Singapore’s biggest bank saying it had benefited from…
Lithium prices bounce after big plunge, but surpluses loom
By Eric Onstad, Siyi Liu and Mai Nguyen LONDON/BEIJING/HANOI (Reuters) -Lithium prices rebounded this week for the first time in…
IMF raises Asia’s economic forecast on China recovery, warns of risks
By Leika Kihara (Reuters) -The International Monetary Fund (IMF) raised Asia’s economic forecast on Tuesday as China’s recovery underpinned growth,…