HONG KONG (Reuters) -Citigroup’s Asia wealth revenue surged 20% in the first quarter of 2023, backed by investment gains, insurance revenue and a jump in new private banking clients, according to a company spokesperson. The wealth market in Asia has been undergoing a shakeup as some rich clients fled Credit Suisse amid a banker exodus…
By Ju-min Park (Reuters) – South Korea’s President Yoon Suk Yeol will be seeking U.S. assurances on deterring North Korea when he meets President Joe Biden this week, while the Americans will likely be looking for Yoon’s support for U.S. interests related to China and Russia. The conservative Yoon has made bolstering South Korea’s alliance…
(Reuters) -Investors are gearing up for a busy week ahead, when the bulk of the S&P 500 components report earnings, the dollar could see if it’s regained any forex-appeal and the Bank of Japan’s new governor chairs his first policy meeting. Here’s a look at the week ahead in markets from Lewis Krauskopf in New…
By Susanna Twidale and Nina Chestney LONDON (Reuters) – Floating wind is viewed as the final frontier for offshore wind as turbines can be installed in deeper waters than fixed-bottom foundations, harnessing stronger and more continuous wind to generate more power. There are two main types of tender for traditional and floating wind projects. Governments…
SHANGHAI (Reuters) – Tesla has begun producing in Shanghai a version of the Model Y to be sold in Canada this year, the first time it will ship cars to North America from China, according to a person with direct knowledge of the plan and a production memo seen by Reuters. The move would connect…
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been a subdued start to a busy week studded with tech earnings and major data from both sides of the Atlantic. Microsoft, Meta, Amazon, Google and Intel all report this week. Just five tech stocks…
By Jeff Mason WASHINGTON (Reuters) -President Joe Biden’s team has picked Julie Chavez Rodriguez, a senior adviser at the White House and deputy campaign manager of his 2020 presidential campaign, to be his campaign manager for the 2024 election, according to a source familiar with the plan. Rodriguez, who is director of the White House…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Inflation figures from Singapore top the Asian economic calendar on Monday, kicking off a week in which eyes of the Asia Pacific region – and beyond – will be focused on the Bank of Japan’s first policy meeting…
By Khalid Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) -The armed forces of the United States and the United Kingdom have evacuated embassy staff from Sudan, while other nations rushed to get their citizens to safety as rival military factions battled in the capital Khartoum on Sunday. The eruption of fighting eight days ago between the…
By Daphne Psaledakis WASHINGTON (Reuters) – The U.S. Agency for International Development (USAID) has deployed a team of disaster response experts for Sudan in the region to coordinate the humanitarian response as fighting rocks the country, USAID head Samantha Power said on Sunday. In a statement, Power said the Disaster Assistance Response Team will operate…
