HSBC to raise Hong Kong best lending rate to 5.75%
HONG KONG (Reuters) – HSBC will raise its Hong Kong dollar best lending rate from 5.625% to 5.75% with effect…
Economy
IMF sees uncertainty over Japan’s monetary policy, spillover globally
By Leika Kihara (Reuters) -The International Monetary Fund on Thursday warned of “uncertainty” around the direction of Japan’s monetary policy,…
China’s skidding factory sector taps brakes on economic recovery
By Ellen Zhang and Ryan Woo BEIJING (Reuters) -China’s factory activity unexpectedly contracted in April as orders fell and poor…
Indonesia cuts tax breaks to discourage low quality nickel investment-minister
By Fransiska Nangoy, Stefanno Sulaiman JAKARTA (Reuters) -Indonesia has cut tax incentives to limit investment in lower quality nickel products…
Albemarle agrees $1.5 billion plan to double Australian lithium hydroxide output
MELBOURNE (Reuters) -Albemarle has agreed to double the capacity at its lithium hydroxide processing operations in Western Australia to 100,000…
Australia’s exports to China hit record highs as barriers ease
SYDNEY (Reuters) – Australia’s exports to China surged to record highs in March as the Asian giant sucked in more…
Top US CEO pay rose 7.7% last year, outpacing inflation, study finds
By Ross Kerber (Reuters) – Median pay for top U.S. CEOs rose 7.7% last year to a record $22.3 million,…
Australia’s NAB warns of end to windfall from rising rates
By Byron Kaye and Himanshi Akhand (Reuters) – National Australia Bank Ltd, the country’s No. 2 lender, fell short of…
Western Alliance says no unusual deposit outflows after First Republic sale
(Reuters) – Western Alliance Bancorp said on Wednesday it had not experienced unusual deposit outflows following the sale of collapsed…
Apollo Global nears deal to buy Arconic for $3 billion – WSJ
(Reuters) -Private-equity firm Apollo Global Management is nearing a deal to buy U.S. aluminum products maker Arconic, the Wall Street…