Risk FX rallies, safe havens offered as Evergrande fears ebb

LONDON (Reuters) – The risk-sensitive Australian dollar rallied and the safe-haven yen dipped to a nearly three-month low on Monday, as fears of widespread market contagion from indebted China Evergrande Group receded.FILE PHOTO: A U.S. hundred dollar bill and Japanese 10,000 yen notes are seen in this photo illustration in Tokyo, February 28, 2013. REUTERS/Shohei […]

Hong Kong tycoon Richard Li's FWD makes U.S. IPO filing public

(Reuters) – Insurance company FWD Group Holdings Ltd, owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing a jump in revenue last year.FILE PHOTO: Richard Li, Hong Kong businessman and younger son of tycoon Li Ka-shing, waves as he arrives to […]

Stocks shrug off hawkish Fed, Evergrande soars in China

LONDON (Reuters) – World markets rallied on Thursday after the U.S. Federal Reserve confirmed plans to start reeling in stimulus, Norway became the first rich economy to raise rates since COVID struck and China Evergrande shares leapt ahead of a crucial debt payment.FILE PHOTO: Investors look at computer screens showing stock information at a brokerage […]

Stocks find fleeting relief in Evergrande deal; Fed looms

SINGAPORE (Reuters) – Stocks found relief on Wednesday after teetering developer China Evergrande said it would be able to pay a coupon on one of its bonds, easing some market jitters, however, the Federal Reserve’s looming policy decision kept investors cautious.FILE PHOTO: An investor sits in front of a board showing stock information at a […]

Japan's MUFG to sell part of U.S. unit to US Bancorp for $8 billion

Signboards of MUFG Bank are seen in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai/FilesTOKYO (Reuters) -Mitsubishi UFJ Financial Group (MUFG) said it has agreed to sell the personal banking arm of its U.S. unit MUFG Union Bank to US Bancorp in a cash and stock deal worth $8 billion. The payment will include $5.5 billion […]

Asian stocks tense for Fed tapering news

SYDNEY (Reuters) – Asian shares eased and the dollar held firm on Monday ahead of a week graced with no less than a dozen central bank meetings, highlighted by the Federal Reserve which is likely to take another step toward tapering.FILE PHOTO: A man looks at a board showing stock prices outside a brokerage in […]

BlackRock's China unit raises $1 billion in maiden mutual fund

FILE PHOTO: Rachel Lord, CEO EMEA of Black Rock arrives at 10 Downing Street in London, Britain January 11, 2018. REUTERS/Peter NichollsSHANGHAI (Reuters) – BlackRock’s mutual fund subsidiary in China established its first fund in the country after raising 6.68 billion yuan ($1.03 billion) in a shortened subscription period, signalling a warm reception by Chinese […]

World shares hit fresh peaks on dovish Fed bets

MILAN (Reuters) – World stocks hit fresh record highs on Tuesday on growing bets that the U.S. Federal Reserve will push back tapering its bond purchases and keep its expansive policy for the near-term.FILE PHOTO: The German share price index (DAX) board is seen at the end of a trading day at the German stock […]

Soros says BlackRock's China investments likely to lose money – WSJ

FILE PHOTO: Billionaire investor George Soros speaks to the audience at the Schumpeter Award in Vienna, Austria June 21, 2019. REUTERS/Lisi Niesner/File Photo(Reuters) – Billionaire investor George Soros said BlackRock Inc investing billions of dollars into China now is a “mistake” and will likely lose money for the asset manager’s clients, according to an opinion […]

China's economy gets welcome boost from surprisingly strong Aug exports

BEIJING (Reuters) – China’s exports unexpectedly grew at a faster pace in August thanks to solid global demand, helping take some of the pressure off the world’s second-biggest economy as it navigates its way through headwinds from several fronts.FILE PHOTO: Containers are seen at the Yangshan Deep-Water Port in Shanghai, China October 19, 2020. REUTERS/Aly […]