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Exclusive – HSBC pulling back from China credit card business after struggling to expand, sources say
Posted inStock

Exclusive – HSBC pulling back from China credit card business after struggling to expand, sources say

By Selena Li and Engen Tham (Reuters) – HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand…
Posted by November 29, 2024
Huawei sees excitement for Mate 70 phone wane, analysts say
Posted inStock

Huawei sees excitement for Mate 70 phone wane, analysts say

SHANGHAI (Reuters) – Huawei is seeing less consumer excitement in China for its newly launched Mate 70 smartphone, which could impact the Chinese tech giant’s overall shipments for the year…
Posted by November 29, 2024
China chip stocks rally on report of less strict US export sanctions
Posted inStock

China chip stocks rally on report of less strict US export sanctions

Investing.com– Shares of major Chinese chipmaking firms rose sharply in Shanghai and Hong Kong trade on Friday after Bloomberg reported the U.S. was considering less strict export restrictions on Beijing…
Posted by November 29, 2024
Adani wipeout hurts but won’t derail foreign investor faith in India
Posted inStock

Adani wipeout hurts but won’t derail foreign investor faith in India

By Ankur Banerjee SINGAPORE (Reuters) -Worries of a wider spillover from bribery charges against the Adani Group will hurt sentiment in India but not the long-term outlook, global investors say,…
Posted by November 29, 2024
China’s Wanda aims to create fund of up to $12.4 billion, Bloomberg News reports
Posted inEconomy

China’s Wanda aims to create fund of up to $12.4 billion, Bloomberg News reports

(Reuters) – Chinese property giant Dalian Wanda has told some investors it plans to establish a fund of about 50 billion yuan to 90 billion yuan ($6.91 billion – $12.44…
Posted by November 29, 2024
Consortium aims to seal ESR buyout in coming weeks, likely valuing it at over $7 billion, say sources
Posted inStock

Consortium aims to seal ESR buyout in coming weeks, likely valuing it at over $7 billion, say sources

(Corrects metric in paragraph 2 to stock move since announcement, not average share price; removes first bullet point on average price) By Kane Wu and Julie Zhu HONG KONG (Reuters)…
Posted by November 29, 2024
China to extend tariff exemptions for some US products to 2025
Posted inEconomy

China to extend tariff exemptions for some US products to 2025

BEIJING (Reuters) – China will extend tariff exemptions for the import of some U.S. products until Feb. 28, 2025, the Customs Tariff Commission of the State Council said on Friday.…
Posted by November 29, 2024
Australia’s world-first social media ban for children under 16 attracts mixed reaction
Posted inEconomy

Australia’s world-first social media ban for children under 16 attracts mixed reaction

By Alasdair Pal and Cordelia Hsu SYDNEY (Reuters) -Australians reacted on Friday with a mixture of anger and relief to a social media ban on children under 16 that the…
Posted by November 29, 2024
China’s home prices set to stabilise by 2026 after slower falls – Reuters poll
Posted inEconomy

China’s home prices set to stabilise by 2026 after slower falls – Reuters poll

By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s home prices are expected to fall at a slower pace this year and next, and stabilise in 2026, a Reuters…
Posted by November 29, 2024
Asian shares slip, yen aims for best week in 4 months on BOJ hike bets
Posted inEconomy

Asian shares slip, yen aims for best week in 4 months on BOJ hike bets

By Stella Qiu SYDNEY (Reuters) – Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders…
Posted by November 29, 2024

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