By Selena Li HONG KONG (Reuters) -BlackRock Inc has appointed Hua Fan, formerly general manager of its majority-owned China asset management unit, as head of China, two sources with knowledge of the matter said. Fan, who joined the world’s largest asset manager in 2022 to lead its 51%-owned China joint venture, has been promoted to …
BlackRock appoints Hua Fan head of China, succeeding Tony Tang -sources Read More »
By Yuka Obayashi TOKYO (Reuters) – Japan’s top steelmaker Nippon Steel is confident of successfully completing its planned acquisition of U.S. Steel, despite opposition from labour union and certain U.S. senators, its president said on Friday. The world’s fourth-largest steelmaker’s planned $14.9 billion deal has drawn criticism from Democratic and Republican lawmakers and the powerful …
Nippon Steel confident of completing US Steel acquisition Read More »
By Xie Yu and Samuel Shen HONG KONG/SHANGHAI (Reuters) -Beijing has informally asked some money managers in China to prioritise the launch of equity funds over other products, four sources with direct knowledge of the matter said, as authorities scramble to revive its lagging stock market. The “window guidance”, or unofficial, verbal advice from regulators, …
Exclusive-China pushes equity fund launches to support stock market -sources Read More »
BEIJING (Reuters) -Chinese wealth manager Zhongzhi Enterprise Group has filed for bankruptcy liquidation after failing to repay debt, as the firm grapples with a deepening property market downturn. Zhongzhi applied for bankruptcy on the grounds it could not pay its due debts and its assets were insufficient to pay all its debts, a court in …
Chinese wealth manager Zhongzhi files for bankruptcy liquidation Read More »
BENGALURU (Reuters) – Indian jeweller and watchmaker Titan Co Ltd said on Friday it registered a revenue growth of 22% year-on-year in the third quarter ended Dec. 31 as it saw double-digit growth in its jewellery business. Titan’s jewellery business alone had accounted for more than 85% of total income in the September quarter. The …
India’s Titan posts strong growth in jewellery segment in Q3 Read More »
By Amy-Jo Crowley LONDON (Reuters) – Ant Group is closing in on a deal to buy Dutch payments firm MultiSafepay as part of the Chinese financial technology group’s latest push into Western payment markets, people familiar with the matter told Reuters. The transaction, which is subject to regulatory approval, is expected to value MultiSafepay at …
Ant Group close to buying MultiSafepay in about $200 million deal-sources Read More »
(Reuters) – India’s market regulator said on Friday that institutional investors will have to disclose upfront whether a transaction in Indian securities involves short selling, while retail investors will have to do so by the end of the day when a trade is made. Securities and Exchange Board of India (SEBI) said in a circular …
Indian regulator to require short selling details from investors Read More »
By Casey Hall and Dominique Vidalon SHANGHAI/PARIS (Reuters) -China has opened an anti-dumping investigation on brandy imported from the European Union, a step that appears to be mainly targeted at France and adds to ongoing trade disputes between Beijing and Brussels. The investigation announced by China’s commerce ministry on Friday will focus on brandy in …
China targets EU brandy in tit-for-tat anti-dumping probe Read More »
BENGALURU (Reuters) -Indian consumer companies Marico and Adani Wilmar on Friday said revenue in the third quarter ended Dec. 31 fell from a year ago due to lower demand and selling prices. While Marico said its revenue declined in the low single digits on weaker rural demand, Adani Wilmar said its revenue fell 15%, impacted …
India’s Marico, Adani Wilmar say Q3 revenue down on lower demand, prices Read More »
By Ju-min Park and Soo-hyang Choi SEOUL (Reuters) – North Korea fired more than 200 artillery rounds on Friday near a disputed maritime border with South Korea in another escalation of tension between the rivals and prompting the South to take “corresponding” action with live fire drills. North Korea later said it conducted firing drills …
North Korea fires artillery at sea against South military ‘gangsters’ Read More »
