Young Chinese spurn traditional investments in favour of gold
By Casey Hall and Amy Lv SHANGHAI/BEIJING (Reuters) – Gold buyers in China are getting younger, as a property market downturn, weakening stocks and currency and low bank deposit interest rates have…
Pakistan caretaker govt appears to favour Imran Khan’s foes – election commission
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s election commission has questioned the neutrality of the country’s caretaker government tasked with holding national elections, saying it appears to be aligned with the opponents…
Norway wealth fund to vote in favour of UniCredit remuneration plan
OSLO (Reuters) – Norway’s $1.3 trillion sovereign wealth fund, one of the world’s largest investors, will vote in favour of the UniCredit remuneration package, it said on Sunday. The Italian bank is…
European court rules in favour of whistleblower in Luxembourg leaks case
PARIS (Reuters) -The European Court of Human Rights on Tuesday ruled in favour of a former employee of accounting firm PwC, saying his 2016 conviction for leaking data about Luxembourg’s tax deals…
Sovereign investors favour U.S., India as top 2022 investment markets – study
LONDON (Reuters) – India has emerged as the second most coveted investment market after the United States for sovereign wealth funds and public pensions funds in 2022, according to a study by…
Pilots at Lufthansa’s Eurowings vote in favour of strike action
BERLIN (Reuters) – Pilots at Lufthansa’s subsidiary Eurowings voted in favour of strike action on Wednesday but first want to continue wage negotiations with their employer, said pilots’ union VC. Some 97.7%…
ECB to revamp corporate debt holdings to favour greener firms
FRANKFURT – The European Central Bank plans to gradually revamp its 344 billion euro ($358 billion) corporate debt portfolio to favour greener firms, it said on Monday, taking another step in aligning…
Italian court rules in favour of Blackstone in RCS property dispute
MILAN – A Milan court has ruled in favour of investment fund Blackstone and rejected an appeal by Italy’s RCS Mediagroup against an arbitral tribunal decision on the disputed sale of the…
Incoming Philippine Finance Minister does not favour tax hikes to tackle debt
MANILA – Philippine central bank governor Benjamin Diokno, who takes on a new role as finance secretary next month, said on Friday he does not favour raising taxes even as the incoming…
Canada says it is in favour of ‘quick’ accession to NATO for Sweden, Finland
WASHINGTON – Canadian Foreign Minister Melanie Joly said Canada was in favour of a “quick” accession to the NATO military alliance for Sweden and Finland. “Canada not only favors their accession (to…
France in favour of cutting off Russia from SWIFT – Ukrainian minister
– Ukrainian Foreign Minister Dmytro Kuleba said on Saturday French Foreign Minister Jean-Yves Le Drian had supported cutting off Russia from the global SWIFT payment system in a phone conversation with him.…
Japan’s yen back in favour as a funding currency, but with more risks
(Refiles to correct 14th paragraph by adding missing word research to analyst job title) By Alun John HONG KONG – As the Bank of Japan asserts its standing as a lone dove…
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