China Evergrande moves headquarters from Shenzhen to Guangzhou -report
Cash-strapped property firm China Evergrande Group (3333.HK) has left what has been its headquarters in the city of Shenzhen and relocated to nearby Guangzhou, Chinese media outlet The Paper reported on Monday, citing people familiar with the matter.
Analysis: Argentina’s strategy toward IMF deal hits a wall of doubt
Argentina’s insistence on its deficit spending plan is putting it on a fresh collision course with the International Monetary Fund, though analysts predict the country will be forced to change tack and clinch a deal to avoid a bigger crisis.
Analysis: Shrink to fit: the year Big Oil starts to become Small Oil
Europe’s Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil.
Stocks sag as U.S. yields climb higher
Stock markets struggled on Monday as U.S. Treasury yields reached a new two-year high and investors fretted about the prospect of rising interest rates and a surge in COVID-19 infections.
JPMorgan to boost Asia private banking headcount by over 100 this year – sources
JPMorgan Chase & Co (JPM.N) plans to boost its private banking business headcount in Asia by more than 100 this year, two people with direct knowledge of the matter said, joining its peers in a push to grab a bigger share of the region’s wealth.
Dollar rides high on rate hike bets ahead of payrolls report
The dollar is set to notch broad weekly gains and could extend its rally if U.S. labour data due on Friday reinforces the case for early Federal Reserve interest rate hikes.
Private equity behemoth TPG aims for over $9 bln valuation in U.S. IPO
TPG is aiming for a valuation of as much as $9.3 billion in its U.S. initial public offering, as the private equity powerhouse finally moves closer to a stock market flotation after toying with the idea of going public for several years.
World shares stretch positive start to 2022
World shares extended on Tuesday their positive start to 2022 with markets from Europe to Asia shrugging off worries the Omicron coronavirus variant could choke the global economic recovery, while the dollar rose after U.S. bond yields jumped.
Indonesia approves merger of units of Qatar’s Ooredoo, CK Hutchison
JAKARTA, Jan 4 (Reuters) – Indonesia on Tuesday approved a $6 billion merger of telco units of Qatar’s Ooredoo and Hong Kong’s CK Hutchison (0001.HK) and set a deadline of 2025 for the merged entity to ramp up its services, its communication minister said. CK Hutchison Holdings and Ooredoo announced in September the deal, which will […]
Ford doubles Lightning production as electric truck battle with GM heats up
Ford Motor Co (F.N) said on Tuesday that it will nearly double annual production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles as the model has already attracted nearly 200,000 reservations ahead of its arrival this spring at U.S. dealers.
