By Li Gu and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s ambitious plan to get its companies listed in London and Zurich stock markets needs fine-tuning, analysts say, as the sparse liquidity in traded Chinese companies there has created market arbitrage opportunities for investors. The Shanghai-London Stock Connect has seen only five Chinese companies issue Global…
MUMBAI (Reuters) – The U.S. dollar-denominated bonds issued by entities of India’s Adani Group were trading marginally higher on Thursday, after a group company said it will consider a buyback of securities. On Wednesday, Adani Ports and Special Economic Zone, part of the beleaguered Adani Group, said it will consider its first and a partial…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla likely will launch full self-drive technology this year and generate significant profits that offset some of the margin pressure it’s facing due to aggressive price cuts. “I hesitate to say this but I think we’ll do it…
By Madhumita Gokhale BENGALURU (Reuters) – India’s economy will slow considerably this fiscal year as the global economic slowdown impedes domestic growth prospects, according to a Reuters poll, which showed inflation will remain elevated despite recent interest rate hikes. While the expected expansion would be faster than other major economies, it will be below the…
SHANGHAI/SINGAPORE (Reuters) -China kept its benchmark lending rates unchanged for the eighth straight month on Thursday in line with expectations, as the economic recovery reduced the need for any immediate monetary support. The world’s second-largest economy grew at a faster-than-expected pace in the first quarter, as the end of strict COVID curbs lifted businesses and…
By Farouq Suleiman and Tommy Wilkes LONDON (Reuters) – British businesses are struggling to meet their sustainability goals due to rising energy prices, costs associated with international trade barriers and the impacts of the COVID-19 pandemic, a survey showed on Thursday. Almost three quarters of the more than 500 business leaders questioned said their…
(Reuters) – Walt Disney World said on Wednesday it would break ground next year on a planned affordable housing development in Central Florida. The unit of Walt Disney Co said it plans to provide 1,400 housing units on 80 acres (32.4 hectares) of land “a few miles away” from the Magic Kingdom and near schools…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said Wednesday that inflation is still at problematic levels and the U.S. central bank will act to lower it, in comments that noted recent stress in the banking sector will likely weigh on economic activity. “Inflation is still…
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will deliver a final 25-basis-point interest rate increase in May and then hold rates steady for the rest of 2023, according to economists in a Reuters poll, which also showed a short and shallow recession this year was likely. Worries about an…
By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan (BOJ) should alter its massive monetary stimulus even though it may be painful for an economy accustomed to decades of ultra-low interest rates, the country’s former top currency diplomat Rintaro Tamaki said. New BOJ Governor Kazuo Ueda currently has the “momentum” needed…
