By Summer Zhen and Samuel Shen HONG KONG (Reuters) – Money managers in China are struggling to lure retail investors, with fundraising by mutual funds in the first five months of the year hitting the lowest in four years and few betting on a near-term rebound, amid diminishing returns and economic challenges. More than 200…
(Reuters) – French software provider Dassault Systemes on Friday forecast a doubling of its earnings per share (EPS) by 2028, and announced a new CEO. Dassault said it plans to reach non-IFRS EPS between 2.20 euros and 2.40 euros by 2028. The company, which supplies software to automakers, airplane manufacturers and industrial clients, also announced…
By Selena Li and Engen Tham HONG KONG/SHANGHAI (Reuters) -Credit Suisse and a joint venture partner are seeking buyers for their China securities brokerage business due to the Swiss bank’s takeover by rival UBS, said two people with direct knowledge of the matter. Citigroup had at one point shown interest in acquiring Credit Suisse Securities…
By Julie Zhu and Aziz El Yaakoubi HONG KONG/RIYADH (Reuters) – Chinese entrepreneurs and investors are flocking to Riyadh this week to attend a business conference, which will bring together business and government leaders aiming to explore expansion and fundraising opportunities, amid warming diplomatic relations. Saudi Arabia will be hosting the 10th Arab-China Business Conference,…
(Reuters) – Binance.US on Thursday said the company is suspending USD deposits while notifying customers that their banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13. The move comes as the U.S. financial regulators supported a freeze on the cryptocurrency exchange’s assets earlier in the day. (Reporting by Rahat…
BEIJING (Reuters) – China’s factory gate prices fell faster than expected in May, as faltering demand weighed on manufacturing, impeding the fragile economic recovery, and consumer inflation missed expectations, data showed on Friday. The producer price index (PPI) for May fell for an eighth consecutive month, down 4.6%, the National Bureau of Statistics (NBS) said….
MEXICO CITY (Reuters) -Japanese carmaker Toyota will invest $328 million more in a plant in the central Mexican state of Guanajuato, it said on Thursday, as it looks to adapt its production processes for a new hybrid model of its Tacoma pickup truck. “The new version of the ‘Mexican pickup’ will be hybrid electric, which…
By Leika Kihara TOKYO (Reuters) -Japan’s bitter memories of its decades-long battle with deflation hang heavily over the central bank’s deliberations to take its first modest step away from ultra-loose monetary policy, even as inflation and wages creep up. The appointment of Kazuo Ueda as Bank of Japan (BOJ) governor this year and mounting price…
By David Shepardson and Joseph White (Reuters) -General Motors will join Ford in adopting Tesla’s North American charging plug standard and give GM electric-vehicle buyers access to the Tesla Supercharger network under an agreement announced on Thursday. GM’s move, which follows a similar decision by Ford to embrace Tesla’s charging plug standard, means three of…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A big dollar fall, historically low volatility, lower bond yields, and Wall Street on the march with the S&P 500 joining the Nasdaq in bull market territory – Thursday’s global market moves augur well for a strong end…
