By Clare Jim and Andrew Galbraith HONG KONG/SHANGHAI -Shares and international bonds of Zhenro Properties slumped further on Monday after it said existing internal resources might be insufficient to repay …
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India’s IPO-bound LIC may not sell entire stake in IDBI Bank – chairman
by Reutersby ReutersNEW DELHI -State-run Life Insurance Corp Of India (LIC), which is planning the country’s largest IPO next month, may not sell its entire stake in IDBI Bank and can use …
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Brazil’s Embraer firm order backlog hits highest level since Q2 2018
by Reutersby ReutersSAO PAULO – Brazilian planemaker Embraer SA said on Monday its firm order backlog ended 2021 at $17 billion, the highest level since the second quarter of 2018, even after …
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Beijing sanctions Lockheed, Raytheon again over Taiwan arms sales
by Reutersby ReutersBEIJING -China has placed Lockheed Martin Corp and Raytheon Technologies Corp under sanctions over arms sales to Taiwan, the government said on Monday, at least the third time it has …
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Swedish central bank split over policy, Jan inflation surge may tip balance
by Reutersby ReutersSTOCKHOLM -Swedish rate-setters were split over how fast to start tightening policy at their most recent meeting, the minutes published on Monday showed, but a surge in January inflation could …
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Greek December current account deficit widens, tourism revenues up
by Reutersby ReutersATHENS -Greece’s current account balance showed a wider deficit in December last year compared to the same month in 2020 while tourism revenues rose, the Bank of Greece said on …
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SYDNEY – One of JPMorgan’s most senior Asia Pacific equities bankers, Ryan Holsheimer, is leaving the bank and Hong Kong to return to Australia, according to a memo seen by …
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Hong Kong’s Nov-Jan unemployment unchanged at 3.9%, outlook gloomy
by Reutersby ReutersHONG KONG – Hong Kong’s seasonally adjusted unemployment rate was unchanged at 3.9% in the November-January quarter, the government said on Monday, and the outlook is overshadowed by a surge …
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TAIPEI – Taiwan’s export orders grew broadly in line with expectations in January to a record high for the month thanks to sustained technology demand, but the government warned of …
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Swiss watchdog in touch with Credit Suisse over client data leak reports
by Reutersby ReutersZURICH – Swiss banking supervisor FINMA is in contact with Credit Suisse over media reports by a network of investigative journalists detailing client data leaks, the watchdog said on Monday. …
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China to expand commercial pension pilot scheme nationwide, regulator says
by Reutersby ReutersBEIJING – China will from March 1 expand nationwide a pilot scheme developing commercial pension products for the country’s aging population, its banking and insurance regulator said on Monday. Other …
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ISTANBUL – The number of foreign visitors arriving in Turkey jumped 151% from a year earlier to 1.28 million in January, data showed on Monday, as the sector continued to …
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German economy grows at fastest rate for six months in February -PMI
by Reutersby ReutersBERLIN – Improving demand for services pushed business activity across Germany’s private sector to a six-month high in February, and while manufacturing lagged due to COVID-19 infections among staff the …
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French business activity grew more strongly than forecast in Feb -PMI
by Reutersby ReutersPARIS – French business activity grew more strongly than forecast in February, according to a monthly survey, helped by an improvement in the country’s COVID-19 situation and stronger demand for …
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Australia’s AGL Energy spurns surprise $3.5 billion bid, suitor Brookfield digs in
by Reutersby ReutersBy Sonali Paul and Shashwat Awasthi MELBOURNE -Australia’s top power producer AGL Energy Ltd on Monday rejected an unsolicited $3.54 billion takeover overture from tech billionaire Mike Cannon-Brookes and Canada’s …
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Russian finance ministry to consider central bank proposals on cryptocurrencies
by Reutersby ReutersMOSCOW – Russia’s finance ministry on Monday said it would take proposals on cryptocurrencies from the country’s central bank into account so long as they do not contradict its own …
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A look at the day ahead in markets from Julien Ponthus While the Kremlin complains about “daily” Western predictions of a Russian invasion of Ukraine, investors for their part have …
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– French car parts group Faurecia, which sealed its takeover of Germany’s Hella in early February, on Monday forecast a rise in annual sales, as it expects semiconductor shortages to …
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BANGKOK – Thai banks’ non-performing loans slightly dropped to 2.98% of total lending at the end of December from 3.14% as the end of September, helped by measures to support …
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Thai economy returns to growth in Q4, but recovery in 2022 seen slow
by Reutersby ReutersBy Orathai Sriring and Kitiphong Thaichareon BANGKOK -Thailand’s economy returned to growth in the fourth quarter, expanding faster than expected, but the 2021 pace was one of the slowest in …
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Japan’s record $940 billion budget set for parliament approval in March
by Reutersby ReutersTOKYO – A key Japanese parliamentary committee on Monday approved the government’s record $940 billion initial spending plan for the next fiscal year, setting the stage for the budget’s full …
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After ECB shock, European firms confront higher borrowing costs
by Reutersby ReutersBy Yoruk Bahceli -European companies hoping to fund M&A and capital expenditures on bond markets this year are facing a sudden jump in borrowing costs and wary buyers after the …
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Indian carrier IndiGo’s parent skids over 4% as co-founder quits, plans stake cut
by Reutersby ReutersBENGALURU – Shares of InterGlobe Aviation, the parent of India’s biggest airline IndiGo, dropped on Monday after one of its co-founders resigned from the board last week and said he …
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– Donald Trump’s Truth Social app is available for download on Apple Inc’s app store late Sunday evening, according to witness accounts. The app was also automatically downloaded to Apple …
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BEIJING – China’s new home prices rose for the first time since September on a monthly basis, official data for January showed on Monday, as efforts to soften the blow …