HK authority ups rates, matching Fed, says banks’ bad loans remain steady
By Georgina Lee and Donny Kwok HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday raised its base…
UK retail sales slide at fastest pace in more than a year: CBI
LONDON (Reuters) – British retail sales fell in July at the fastest rate since April 2022 and stores are bracing…
Hedge funds rush to buy China stocks on economy stimulus prospects – Goldman
By Summer Zhen HONG KONG (Reuters) – Global hedge funds snapped up Chinese equities following the politburo meeting this week,…
Analysis-Investors manoeuvre, warily, for long-shot BOJ policy move
By Kevin Buckland TOKYO (Reuters) – From a rising yen to debt market derivatives, market signals reveal how investors are…
Singapore’s Keppel logs over seven-fold jump in first-half profit
(Reuters) -Singapore’s Keppel Corp on Thursday reported a more than seven-fold jump in its first-half profit boosted by a one-off…
Roche: have abandoned some trials due to U.S. drug pricing plans
FRANKFURT (Reuters) -Roche said it had abandoned certain drug development projects or acquisitions under consideration because of planned price cuts…
Nestle says price rises will moderate in rest of 2023
LONDON (Reuters) – Nestle will raise prices at a more moderate rate in the remainder of 2023, its CEO said…
US not seeking permanent base in Papua New Guinea – defense secretary
By Kirsty Needham (Reuters) -U.S. Secretary of Defense Lloyd Austin said on Thursday during a visit to Papua New Guinea…
Nestle sales outlook brightens after strong first half
By Richa Naidu LONDON (Reuters) -Nestle improved its full-year organic sales outlook and reported better-than-expected first-half organic sales, as the…
BNP Paribas facing potential fine as it resolves U.S. messaging probe
PARIS (Reuters) – BNP Paribas is set to resolve a U.S. probe into employees’ use of unapproved messaging platforms, its…