(Reuters) – BNP Paribas, the euro zone’s biggest bank, said on Tuesday its wealth management arm will launch in Thailand to expand its presence in Asian markets. The new wealth management unit will provide clients access to international capital markets by using BNP Paribas’ platform in Singapore, the bank said. BNP Paribas named Daniel Peter …
BNP Paribas’ wealth management unit to launch in Thailand Read More »
CHENNAI (Reuters) – Tata Coffee Ltd reported a near-20% increase in its fourth-quarter profit on Tuesday, as the Indian coffee company booked sales benefits from higher demand for hot beverages. Several coffee processors, including Tata Coffee, have said in recent months that demand from restaurants, cafes and offices have bounced back as people venture out …
India’s Tata Coffee reports 20% rise in Q4 profit on strong demand Read More »
BEIJING (Reuters) – Chinese banks have agreed to lend 120 billion yuan ($17.5 billion) in loans to private firms, the central bank said, as policymakers pledge to shore up support for the private sector which is vital for growth and jobs. Agreements on the credit lines were signed between 10 banks and 30 private firms …
China’s banks to lend $17.5 billion to private firms, central bank says Read More »
TOKYO (Reuters) -A man suspected of throwing a smoke bomb toward Japanese Prime Minister Fumio Kishida had a track record of suing the government, claiming he was unfairly barred from running in national elections, Japanese media reported on Tuesday. Ryuji Kimura filed suit in Kobe district court last June, claiming he could not run for …
Suspect in attack on Japan PM had sued government over election -Yomiuri Read More »
BERLIN/SHANGHAI (Reuters) – Volkswagen is investing around 1 billion euros ($1.10 billion) in a new development and procurement centre for electric vehicles in Hefei, China, the company said on Tuesday, in a bid to better adapt its cars to Chinese customers’ tastes. The aim of the centre, dubbed “100%TechCo”, will be to reduce development times …
Volkswagen to launch 1-billion euro electric vehicle R&D, procurement centre in China Read More »
SEOUL (Reuters) – J-Hope, a member of Grammy-nominated K-pop boy band BTS, began his mandatory military service in South Korea on Tuesday, the second member of the group to do so. The singer kept a low profile as a van carrying him entered the venue for his military enlistment ceremony in the city of Wonju, …
K-pop star and BTS member J-Hope starts mandatory military service Read More »
HONG KONG (Reuters) – Top shareholder of HSBC renewed its call for breaking up of the Asia-focused bank on Tuesday, saying the lender has failed to address key business model challenges which has resulted in deterioration in its operating performance. Ping An Asset Management Company (Ping An AMC) said in a statement HSBC has “drained” …
HSBC top shareholder renews call for breaking up of bank Read More »
BENGALURU (Reuters) – Indian steelmaker Tata Steel is in talks to raise as much as $400 million in what could be the steelmaker’s first green loan, Bloomberg News reported on Tuesday. Tata Steel has been making efforts to be carbon neutral and plans to start producing “green” steel – or steel made without using fossil …
India’s Tata Steel in talks to raise up to $400 million in green loan – Bloomberg Read More »
By Kevin Yao and Joe Cash BEIJING (Reuters) – China’s economy grew at a faster-than-expected pace in the first quarter, as the end of strict COVID curbs lifted businesses and consumers out of crippling pandemic disruptions, although headwinds from a global slowdown point to a bumpy ride ahead. More than a year-long sweeping streak of …
China’s economy gathers speed, global risks raise challenges to outlook Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares extended losses for a second session on Tuesday, dragged by financials and as sentiment soured after Tata Consultancy Services Ltd and Infosys Ltd reported weak quarterly earnings amid uncertainty over client spending. The Nifty 50 fell 0.26% to 17,660.15, while the S&P BSE Sensex closed 0.31% lower to …
Financials offset IT, pharma gains, drag Indian shares down Read More »
