By Selena Li HONG KONG – China’s proposed cybersecurity rules for financial firms could pose risks to operations of western companies by making their data vulnerable to hacking, among other …
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- Financial News
China to take necessary measures to protect domestic firms from U.S. blacklist – Commerce Ministry
by Reutersby ReutersBEIJING – China’s commerce ministry said on Thursday it will adopt necessary measures to protect the legitimate interests of Chinese companies after the U.S. said it was considering adding new …
- Financial News
Japan price pressures mount as firms ditch ‘deflation’ model, says BOJ official
by Reutersby ReutersBy Leika Kihara TOKYO -Japan may see inflationary pressure build as more companies shift away from a business model that worked under a prolonged period of deflation, Bank of Japan …
- Financial News
Firms in India’s ancient shoe capital squeezed by costs, fading demand
by Reutersby ReutersBy Manoj Kumar AGRA, India – In his small shoe factory in the Indian city of Agra, Rajesh Kumar, his two brothers and three workers have been sitting idle for …
- Financial News
Exclusive-Russian oil firms to reopen wells in June banking on demand rally, sources say
by Reutersby Reuters(Reuters) – Russian oil companies led by Rosneft plan to re-open wells in June which they had shut due to Western sanctions, four sources said, as firms bank on a …
- Financial News
UK audit shake-up targets big firms after spate of corporate failures
by Reutersby ReutersBy Huw Jones LONDON – Britain set out sweeping reforms of big company audits on Tuesday after high-profile collapses at builder Carillion and retailer BHS in recent years hit thousands …
- Financial News
China central bank urges more lending to small firms amid COVID shocks
by Reutersby ReutersBEIJING -China’s central bank said on Thursday it would promote more credit for smaller firms and boost financial institutions’ confidence to lend funds, as policymakers struggle to get the COVID-stricken …
- Financial News
Rouble firms to 4-yr high vs dollar as Russian debt payment licence expires
by Reutersby Reuters(Reuters) – The Russian rouble firmed past 56 against the dollar on Wednesday for the first time since 2018, and touched a seven-year high against the euro as export-focused companies …
- Financial News
Goldman Sachs expects one third of HY China property firms to default in 2022
by Reutersby ReutersLONDON – Goldman Sachs said on Friday it now expects around one third of high-yield China property firms to default in 2022, with stresses on bonds increasingly emerging through maturity …
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By Krishna N. Das and Aftab Ahmed NEW DELHI – Surging inflation is forcing many poor Indians to rein in spending, threatening a slowdown for companies such as Godrej Appliances …
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Tech firms ask U.S. Supreme Court to block Texas social media law
by Reutersby ReutersWASHINGTON – Lobbying groups representing Facebook, Twitter, Google and other tech companies filed an emergency request with the U.S. Supreme Court on Friday, seeking to block a Texas law that …
- Financial News
Top Wall Street firms, Ford to disclose directors’ race and gender
by Reutersby ReutersBy Ross Kerber (Reuters) – Four top Wall Street firms and Ford Motor Co will start to disclose the race and gender of individual directors under deals reached with New …
- Financial News
Moscow lawyers target more cases against Western firms that leave Russia
by Reutersby Reuters(Reuters) – A Moscow law firm that has filed cases against Apple and Netflix over what it says are consumer rights violations is aiming to “punish” other Western companies that …
- Financial News
Canada banks face ‘greenwashing’ claims as oil & gas firms obtain sustainable financing
by Reutersby ReutersBy Nichola Saminather TORONTO – For banks in Canada, one of the world’s largest oil producers, it’s not easy being green. In the past two years, Canadian banks have increased …
- Financial News
Financial firms face $225 billion in water-related losses, analysis estimates
by Reutersby ReutersBy Simon Jessop and Tommy Wilkes LONDON – Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing nothing to …
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SAO PAULO – Brazil’s government will increase taxes on banks and financial institutions on Thursday, the official gazette showed, in a bid to fund a new debt renegotiation program for …
- Financial News
China says U.S. cutting tariffs on Chinese goods would be in interest of U.S. firms, consumers
by Reutersby ReutersBEIJING – China’s Commerce Ministry said on Thursday that if Washington cut tariffs on Chinese goods, it would be in the interests of U.S. firms and consumers. Gao Feng, ministry …
- Financial News
Crypto firms seek clearer U.S. rules on their interest-bearing products
by Reutersby ReutersBy Hannah Lang (Reuters) – Cryptocurrency companies said they remain unsure of U.S. regulations governing products that allow customers to earn interest on holdings instead of trading them, months after …
- Financial News
France gives leeway on food labels as firms switch from sunflower oil
by Reutersby ReutersPARIS – France will give food companies up to six months to change product labels to reflect recipe changes if they replace sunflower oil, supplies of which have been strained …
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WARSAW -Poland is imposing sanctions on 50 Russian oligarchs and companies, the interior minister said on Tuesday, as it seeks to increase pressure on Moscow over its invasion of Ukraine.Poland …
- Financial News
Vaccines company Valneva secures new financing with U.S firms Deerfield and OrbiMed
by Reutersby ReutersPARIS – French vaccines company Valneva, which is aiming to get European approval for its COVID-19 vaccine product, said it had secured new financing with U.S.-based healthcare investment firms Deerfield …
- Financial News
Proxy advisory firms urge Ventas investors to reject activist’s bid for board seat
by Reutersby ReutersBOSTON – Proxy advisory firms Glass Lewis and Institutional Shareholders Services urged investors in healthcare real estate trust Ventas Inc to back management’s director candidates and reject activist investment firm …
- Financial News
Russia tweaks tax code to make it easier for foreign firms to pay in roubles
by Reutersby Reuters(Reuters) – Russian lawmakers on Wednesday passed an amendment to the tax code that they said would make it easier for foreign companies to open accounts with Russian banks and …
- Financial News
China to accelerate VAT credit rebates for small firms – finance ministry
by Reutersby ReutersBEIJING – China’s finance ministry and tax regulator on Wednesday said they will accelerate Value Added Tax (VAT) credit rebates for small firms. Medium-sized manufacturing firms are allowed to claim …
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TAIPEI -Taiwan firms making chip and electronic components reported a mixed picture on Wednesday on work resumption in the eastern Chinese city of Kunshan after COVID-19 curbs, with some warning …