By Samuel Shen and Scott Murdoch SHANGHAI/HONG KONG (Reuters) – At least six Chinese companies have lodged documents for New York listings in recent weeks, filings showed, promising an end to a months-long freeze after an unprecedented clampdown last year by Chinese regulators. However, the plans are for initial public offerings (IPOs) of small size,…
SINGAPORE (Reuters) – Boeing Co is confident of working through any potential disruption in titanium supplies due to its “very diverse” supply base, a senior executive at the U.S. manufacturer said on Monday. Boeing relies heavily on Russia’s VSMPO-AVISMA for the supply of titanium, a lightweight but strong metal that is used widely in planemaking….
(This story fixes reference to last week in paragraph six) By John O’Donnell and Brenna Hughes Neghaiwi FRANKFURT (Reuters) – Weary Credit Suisse investors fear a long wait for the bank to get back on piste after a string of scandals which have wiped billions off its market value and piled pressure on management. While…
By Aref Mohammed, Rowena Edwards and Dmitry Zhdannikov BASRA/LONDON (Reuters) – A $27-billion deal between France’s Total and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over terms and risks being scrapped by the country’s new government. Iraq has struggled to attract major fresh investments…
By Anshuman Daga SINGAPORE (Reuters) – DBS Group flagged strong business momentum after its profit rose to a record last year, cementing a recovery for Southeast Asia’s largest lender as pandemic-hit economies rebound and boost loan growth and asset quality. Singapore lenders are also expected to be big beneficiaries of rising interest rates, while the…
By Jonathan Saul, Elisa Anzolin and Francesca Landini LONDON/MILAN (Reuters) – Sixty-five years after Aristotle Onassis founded Greece’s Olympic Airways, another shipping entrepreneur is planning to take to the skies – this time in Italy, where Gianluigi Aponte’s MSC has its sights on the successor company to Alitalia. The 81-year-old, known as “the captain” after…
SINGAPORE (Reuters) – HSBC said on Monday it has appointed Luanne Lim as the chief executive officer of its Hong Kong business, its biggest market, as the Asia-focussed bank looks to expand its investment across the region. Lim was named the interim chief executive in September and had previously been the chief operating officer of…
By Florence Tan SINGAPORE (Reuters) – Oil prices on Monday hit their highest in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger U.S. and European sanctions that would disrupt exports from the world’s top producer in an already tight market. Brent crude futures was at $95.61 a…
By Wayne Cole SYDNEY (Reuters) – Asian shares and European stock futures sagged on Monday as warnings that Russia could invade Ukraine at any time sent oil prices to seven-year peaks, boosted bonds and belted the euro. EUROSTOXX 50 futures shed 1.6% and FTSE futures 0.5%. S&P 500 futures edged up 0.3% and Nasdaq futures…
SHANGHAI (Reuters) – Standard Chartered Bank (Hong Kong) Ltd said on Monday that it has become the first foreign bank qualified as a direct participant in China’s Cross-border Interbank Payment System (CIPS) outside mainland China. Backed by the People’s Bank of China (PBOC), China launched the CIPS clearing and settlement services system in 2015 to…
