HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday lifted its base rate charged through the overnight discount window by 25 basis points to 5.25%, hours after the U.S. Federal Reserve delivered a rate rise of the same margin. Hong Kong’s monetary policy moves in lock-step with the U.S. as the city’s currency …
Hong Kong central bank raises policy rate after Fed hike Read More »
TOKYO (Reuters) -Japan’s top utility JERA has agreed to buy Parkwind, Belgium’s largest offshore wind platform, for 1.55 billion euros ($1.7 billion), as it expands in renewable power to meet decarbonisation goals. JERA, a joint venture between Tokyo Electric Power Company Holdings and Chubu Electric Power Co Inc, will add Parkwind’s four offshore wind farms …
Japan’s JERA to buy Belgium’s top offshore wind company for $1.7 billion Read More »
SEOUL (Reuters) -South Korea’s financial firms are facing little contagion risk from troubles at U.S. and Swiss banks, but some non-bank firms may have to contend with increased stress from the sluggish property market, the country’s central bank said in a report. South Korean banks have been strictly supervised and their exposure to bonds and …
Bank of Korea says non-bank financial firms face stress from property market Read More »
Sydney (Reuters) – Credit Suisse said on Thursday it has hired private banker Kwong Kin Mun as its new vice chairman for Southeast Asia wealth management. The embattled bank is being bought by rival UBS Group for 3 billion Swiss francs ($3.27 billion) in a deal engineered by Swiss authorities to avoid more market-shaking turmoil …
Credit Suisse hires Southeast Asia wealth vice chairman Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee was expected to rise against the U.S. dollar on Thursday, after the U.S. Federal Reserve hiked rates by 25 basis points and signalled it was closer to the end of its tightening cycle amid turmoil in the financial markets. The non-deliverable forwards indicate the rupee will …
Rupee to strengthen after Fed hints rate hikes nearing end Read More »
(Reuters) – Australia’s Core Lithium Ltd said on Thursday it agreed to sell additional spodumene concentrate to Chinese chemicals firm Sichuan Yahua Industrial Group Co Ltd, a supplier to the electric vehicle (EV) battery industry. Demand for spodumene, or lithium ore, from the EV battery industry is expected to boom this decade as the green …
Australia’s Core Lithium expands sales deal with China’s Sichuan Yahua Read More »
HONG KONG (Reuters) -China Evergrande New Energy Vehicle Group Ltd said on Thursday it may have to halt production of electric vehicles (EVs) if it could not obtain fresh funding, after delivering more than 900 units of its flagship Hengchi 5 model. The EV manufacturing unit of the embattled developer China Evergrande Group said it …
China Evergrande’s EV unit warns it may halt production amid funds shortage Read More »
By David Shepardson WASHINGTON (Reuters) – TikTok creators and three U.S. Democratic Party lawmakers on Wednesday said they opposed any potential ban on the Chinese-owned short video sharing app that is used by more than 150 million Americans. On Thursday TikTok CEO Shou Zi Chew will testify before the U.S. House Energy and Commerce Committee …
TikTok creators, some U.S. Democratic lawmakers oppose ban on app Read More »
By Phil Stewart WASHINGTON (Reuters) – North Korean leader Kim Jong Un does not appear poised to carry out a nuclear test during U.S.-South Korea military exercises, but the United States is staying vigilant, the director of the Defense Intelligence Agency said on Wednesday. U.S. officials have warned for nearly a year that North Korea …
North Korea doesn’t appear poised for imminent nuclear test, U.S. official says Read More »
By David Lawder WASHINGTON (Reuters) – The U.S. nominee to lead the World Bank, former Mastercard CEO Ajay Banga, returns to his native India on Thursday, capping a three-week global tour to drum up support and discuss development and climate needs with donor and borrowing countries. The Treasury said Banga will visit New Delhi on …
U.S. pick for World Bank, Ajay Banga, to meet with Modi in native India Read More »
