By Georgina Lee HONG KONG (Reuters) – Hong Kong interbank rates rose across all tenors on Friday, with the overnight interbank offered rate rising the most, climbing to the highest in four weeks. The overnight Hong Kong interbank offered rate (Hibor) jumped 63.5 basis points (bps) to 4.88%. One-week Hibor rose 62 bps to 4.92%,…
MEXICO CITY (Reuters) -Mexico and the European Union agreed to quickly finalize an updated free trade deal, Mexican President Andres Manuel Lopez Obrador said Thursday in a post on social media after meeting with European Commission President Ursula von der Leyen. Both sides aim to sign a deal by the end of the year, according…
By Abhirup Roy SAN FRANCISCO (Reuters) – Nikola’s top shareholder and founder, Trevor Milton, on Thursday urged investors to vote against the electric truck maker’s proposal to increase the number of shares it is allowed to issue and called for a change in leadership. Nikola said Milton’s social media post “misstates the facts,” adding in…
BEIJING (Reuters) – China will speed up the process to allow private firms to access infrastructure of major national scientific research projects and will encourage private businesses to participate in key supply chain projects, a state planner spokesperson said on Friday. Private fixed-asset investment shrank 0.1% in the first five months of the year, a…
By Luc Cohen NEW YORK (Reuters) -A U.S. judge on Thursday granted a request from prosecutors to try some of their charges against Sam Bankman-Fried in a second trial next year separate from his scheduled Oct. 2 trial over the collapse of now-bankrupt cryptocurrency exchange FTX. Bankman-Fried, 31, will be tried on March 11, 2024,…
By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Beijing resident Hu Yongwei bought more than a dozen apartments in the small central Chinese city of Hebi for about $31,000 in all, betting they will be financially more rewarding than other investments. Hu, who mostly acquired two- or three-bedroom apartments built about three decades…
(Reuters) -The U.S. banking regulator is seeking bids for the sale of collapsed Silicon Valley Bank’s German assets, according to a Thursday notice posted on its website. The U.S. Federal Deposit Insurance Corporation (FDIC) is inviting bids for SVB’s $460 million asset portfolio, including loans and leases, in Frankfurt and Berlin. The deadline for submission…
(Reuters) -Virgin Galactic Holdings, the space tourism firm founded by Richard Branson, said on Thursday its long-awaited commercial spaceflight service would launch later this month, sending its shares up over 55% in trading after the bell. The first spaceflight, called “Galactic 01”, is planned between June 27 and June 30, the company said. “Galactic 02”…
By Jarrett Renshaw (Reuters) – Ticketmaster and other companies have agreed to offer consumers upfront, all-in pricing, the White House announced as it convened a meeting on Thursday to highlight efforts to crack down on so-called junk fees. President Joe Biden hosted a meeting at the White House of private companies – including Live Nation’s…
By Leika Kihara TOKYO (Reuters) -One of Bank of Japan Governor Kazuo Ueda’s biggest challenges will be to phase out a controversial yield curve control policy, which is criticised for distorting markets by keeping long-term interest rates low despite creeping inflation. While Ueda has stressed the BOJ will be in no rush to dial back…
