LONDON (Reuters) – Veteran investment banker Sergio Ermotti is returning to take the top job at UBS as the Swiss lender prepares for the mammoth task of integrating failed cross-town rival Credi[...]
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March 29, 2023
US puts trade curbs on 5 Chinese firms over alleged role in Uyghur repression
WASHINGTON (Reuters) -The Biden administration on Tuesday imposed new trade restrictions on five Chinese companies for allegedly aiding in the repression of the Uyghur Muslim minority but China reject[...]
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Exclusive-Ramsay, Sime Darby plan to revive sale of Asia healthcare venture- sources
By Yantoultra Ngui and Anshuman Daga SINGAPORE (Reuters) – Australia’s largest private hospital operator Ramsay Health Care and Malaysian conglomerate Sime Darby plan to revive the sale of[...]
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BYD downplays China price war impact after Q4 profit jumps
HONG KONG/SHANGHAI (Reuters) -Chinese electric vehicle (EV) giant BYD said on Wednesday it was large enough to shake off the impact of a bruising price war and faltering demand in China, after reporti[...]
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Banking turmoil means recession fears are creeping back
(Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue, and the ensuing turmoil in world markets have re-ignited the rece[...]
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Ride-hailer Careem in advanced talks with UAE’s e& for Super App investment – sources
By Lisa Barrington and Hadeel Al Sayegh DUBAI (Reuters) -Uber Technologies’ Middle East subsidiary Careem is in advanced talks with Emirates Telecommunications Group Company to invest in its exp[...]
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SK Hynix to seek further exemption from US chip curbs against China -CEO
SEOUL (Reuters) – South Korea’s SK Hynix Inc will ask the United States for a year’s further exemption from chip curbs against China, the chief executive of the world’s No. 2 m[...]
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SoftBank shares jump on Alibaba split-up plans
TOKYO (Reuters) – Shares in SoftBank Group Corp soared on Wednesday after Chinese e-commerce conglomerate Alibaba Group, in which the Japanese technology investor has a 13.7 % stake, announced a[...]
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BOJ’s new deputy chief flags chance of change to yield control policy
By Leika Kihara TOKYO (Reuters) -Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said on Wednesday a tweak to the central bank’s bond yield control policy will “undoubtedly” beco[...]
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