By Scott Murdoch and Julie Zhu HONG KONG (Reuters) – Alibaba Group and Tencent shares rose in Hong Kong on Monday as China’s $984 million fine for Ant Group was viewed as signalling the en[...]
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July 10, 2023
Explainer-What’s next for Ant after its nearly $1 billion fine?
BEIJING (Reuters) – The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the fintech giant’s woes and given hope to investors that a regul[...]
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Exclusive-South Korea asks banks to prepare $4 billion to support credit union -sources
By Seunggyu Lim SEOUL (Reuters) -South Korea’s financial services regulator has asked major commercial banks to prepare around $4 billion in financing to support a credit cooperative hit by cust[...]
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Analysis-Ground down: Australia coffee shops an early inflation casualty
By Byron Kaye and Lewis Jackson SYDNEY (Reuters) – The cost of serving up a sandwich with a cup of coffee has hit the roof across Australia’s vaunted cafes, squeezing profits and forcing a[...]
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Hong Kong’s easing of mortgage rules boosts home visitors, but not deals
By Clare Jim HONG KONG (Reuters) – Hong Kong’s move to raise the maximum mortgages available to some homebuyers, its first relaxation in curbs on home purchases adopted in 2009, boosted sh[...]
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Next wave of North American LNG export projects to face labor challenges
By Curtis Williams and Nia Williams HOUSTON (Reuters) – A coming wave of North American liquefied natural gas (LNG) export projects faces staffing challenges that are prompting some of the bigge[...]
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Analysis-U.S. crypto lobbyists court Democrats in fresh legislative push
By Michelle Price WASHINGTON (Reuters) – Embattled by a U.S. Securities and Exchange Commission (SEC) crackdown, crypto companies are making a renewed push on Capitol Hill to drum up support for[...]
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Bank of Canada seen hiking rates quarter point to tame stubborn inflation
By Steve Scherer OTTAWA (Reuters) – The Bank of Canada (BoC) is heading toward a second consecutive quarter-point interest rate hike on Wednesday after a month of economic data revealed resilien[...]
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Marketmind: Bruised bonds relying on disinflation
A look at the day ahead in U.S. and global markets from Mike Dolan Last week’s bond market storm calmed somewhat on Monday, but the interest rate horizon now relies heavily on evidence of more d[...]
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