By Elena Fabrichnaya MOSCOW (Reuters) – Russia’s No. 2 lender VTB expects to raise 94 billion roubles ($1.15 billion) in its secondary public offering (SPO), CFO Dmitry Pyanov said, in a capital top-up that will see an undisclosed investor acquire a chunk of the state’s share in the bank. VTB purchased rival Otkritie for 340…
FRANKFURT (Reuters) – European Central Bank interest rate hikes could take longer than usual to pass through to the real economy and their impact may be more muted than usual, ECB board member Isabel Schnabel said in a newspaper interview. The ECB has raised rates by a combined 375 basis points in the past year…
TOKYO (Reuters) -Goldman Sachs Group plans to establish a desk in Tokyo to start trading Japanese power derivatives, two people familiar with the matter told Reuters on Wednesday. More foreign energy companies and banks are seeking access to the Japanese power market, which was launched in 2016 in the wake of the Fukushima nuclear disaster…
By Mathieu Rosemain PARIS (Reuters) -Atos, the struggling French IT consulting firm planning to split into two listed entities, said it expected sales at loss-making unit Tech Foundations to hit bottom in 2024. The firm, which will hold an investor day on Wednesday, said Tech Foundations – which groups its legacy IT consulting activities –…
By Leika Kihara TOKYO (Reuters) -Japan’s finance minister said on Wednesday the government must look into whether it can buy the central bank’s huge holdings of exchange-traded funds at book value, following a proposal that they be used to distribute wealth to the younger generation. The proposal came from an opposition lawmaker, though Prime Minister…
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank chief on Wednesday stepped up a warning of more rate hikes ahead to temper rising price pressures, even as risk of a steep economic downturn heightens with data showing GDP expanded at its weakest pace in 1-1/2 years last quarter. The Reserve Bank of Australia (RBA) surprised…
By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s transport ministry and three consultants have pushed back on a China-funded consortium’s plan to start full commercial operations of the country’s $7.3 billion first high-speed train service in August, an internal document shows. A flagship project of President Joko Widodo – and part of China’s Belt and Road…
HONG KONG (Reuters) – A Shanghai court has ordered the freezing of 1.98 billion yuan ($278.18 million) worth of shares in a unit of Dalian Wanda Group, China’s largest commercial property developer. The shares frozen were issued by Dalian Wanda Commercial Management Group, the property management arm of Dalian Wanda Group. According to two court…
A look at the day ahead in European and global markets from Sonali Desai China’s keenly awaited trade data for May did little to stir markets increasingly inured to weakening momentum in the world’s second-largest economy, although it will fuel further speculation of policy stimulus measures from Beijing. For the record, exports posted a bigger-than-expected…
By Joanna Plucinska ISTANBUL (Reuters) – Despite progress in improving gender diversity in the aviation sector, equality is still a distant goal, figures presented on Tuesday at the International Air Transport Association’s (IATA) annual meeting in Istanbul showed. Aviation is known for its poor record on achieving gender balance, particularly among pilots, but also in…
