Finance

Exclusive: Tencent plans to divest Meituan stake worth $24 billion

China's Tencent Holdings (0700.HK) plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan (3690.HK) to placate…

3 years ago

Funds begin parking sanction-hit Russian assets in ‘side pockets’

Some of the world's biggest money managers are talking to investors and regulators about stripping Russian assets from their funds,…

3 years ago

Dollar gains as markets reassess Fed rate hike bets

The dollar edged higher in early London trading on Friday, after hawkish comments from U.S. Federal Reserve officials pushed against…

3 years ago

Analysis: China investors hedge U.S. delisting risk with Hong Kong play

Global fund managers holding U.S.-listed Chinese stocks are steadily shifting towards their Hong Kong-traded peers, even as they remain hopeful…

3 years ago

Indian companies swapping dollar for Asian currencies to buy Russian coal

Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry…

3 years ago

Explainer: What to watch out for as talks on U.S.-China audit deal drag on

The list of Chinese companies facing delisting risks in New York in a long-running dispute over Chinese audits of their…

3 years ago

Trade war with China could cost Germany six times as much as Brexit, study says

Germany would face costs almost six times as high as Brexit if it and the European Union were to shut…

3 years ago

Factbox: Economic sanctions China has imposed on Taiwan over Pelosi visit

China on Wednesday suspended exports of natural sand to Taiwan and halted imports of fruit and fish products from the…

3 years ago

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

Factories across Asia and Europe struggled for momentum in July as flagging global demand and China's strict COVID-19 restrictions slowed…

3 years ago

Italy’s Ali Group sees shelter from economic storm in Welbilt deal

Welbilt's exposure to the U.S. fast-food market will make new Italian owner Ali Group more resilient in a slowing global…

3 years ago