Indonesia sees Q3 GDP growth at 4.5% y/y, warns of future headwinds
This October 25 story corrected headline and lead paragraph’s Q3 GDP growth projection to 4.5%, not 4.3%, after Finance Ministry issues correction
Asia stocks catch Wall St cheer but China caps gains
Asian stocks inched higher on Tuesday, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China’s property sector hit Hong Kong and mainland markets.
Another Chinese property developer defaults, shares drop
Modern Land (1107.HK) reported a missed payment on Tuesday, the latest Chinese property developer to do so, adding to worries about spiralling effects of the debt crisis at behemoth China Evergrande Group (3333.HK) and dragging on shares in the sector.
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
A deal for the Italian government to sell Monte dei Paschi (BMPS.MI) to UniCredit (CRDI.MI)collapsed on Sunday after the two sides failed to agree terms.
AmEx profit beats as pandemic curbs ease, aiding spending recovery
American Express Co (AXP.N) on Friday reported a higher profit that topped Wall Street estimates for the fourth straight quarter, underpinning a recovery in spending from consumers emboldened by an easing of COVID-19 restrictions.
Analysis: China’s silence on yuan’s swift gains keeps markets buzzing
As China’s yuan climbs rapidly to its strongest levels in six years against the currencies of the country’s trading partners, a notable absence of concern and intervention by the authorities is unnerving investors.
EXCLUSIVE EQT seeks 4 bln euros for Polman-advised impact-driven fund
LONDON, Oct 20 (Reuters) – Swedish private equity firm EQT (EQTAB.ST) is looking to raise 4 billion euros ($4.6 billion) for a fund aiming to create a positive environmental and social impact at its portfolio companies through longer-term investments. The fund, EQT Future, will invest in “mature companies with market-shaping impact potential” through safeguarding the planet’s resources […]
Wage dispute deepens at German public banks as inflation fears persist
A labour dispute at Germany’s public-sector banks deepened on Wednesday after a third round of talks failed to reach agreement, with inflation fears prompting unions to stand firm over demands for higher wages.
Wall St grinds higher on solid healthcare earnings; supply woes linger
U.S. stock indexes edged higher on Wednesday, helped by strong quarterly updates from healthcare companies including Anthem and Abbott, while worries remained about the impact of supply chain constraints and inflation on corporate earnings.
Analysis: Bitcoin futures highlight some pitfalls for new ETFs
The launch of the first bitcoin futures exchange traded fund (ETF) on Tuesday marks a major step toward legitimizing the cryptocurrency, but some ETF investors may face higher costs compared with buying the digital currency itself.
