By Lewis Jackson and Praveen Menon SYDNEY (Reuters) – Australia’s second-largest pension fund plans to open its first overseas office by mid-2024, its chief investment officer said on Frid[...]
Read more
August 25, 2023
U.S., China set for talks as they bring trade closer to shores
By Joe Cash and Kripa Jayaram (Reuters) – U.S. Commerce Secretary Gina Raimondo visits China from Sunday to shore up ties between two global superpowers that are increasingly drifting apart econ[...]
Read more
Disney closes at lowest in nearly nine years as investors turn bearish
(Reuters) -Shares of Walt Disney fell 3.9% on Thursday, closing at their lowest level in nearly nine years, with some investors betting that a further price drop is on the cards in the next few months[...]
Read more
Analysis-China has no pain-free solutions for its slowing economy
By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) – Erin Yao would like to take street dance classes and travel, activities she could not do during three years of COVID-19 restrictio[...]
Read more
Exclusive-China steps up yuan defence with bond limit guidance – sources
SHANGHAI/BEIJING (Reuters) -China’s central bank has asked domestic lenders to scale back outward bond investments according to two sources with direct knowledge of the matter, the latest in ser[...]
Read more
Mastercard, Binance to end crypto card partnership
By Elizabeth Howcroft and Tom Wilson LONDON (Reuters) -Mastercard and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of Sept. 22, a sp[...]
Read more
Marketmind: Jitters mount as Powell retakes centre stage
A look at the day ahead in European and global markets from Brigid Riley Fed Chair Jerome Powell will be back in the spotlight when he takes the podium at Jackson Hole later in the day to deliver a sp[...]
Read more
BOJ will keep current policy until at least July 2024, most economists say: Reuters poll
By Kantaro Komiya and Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan will start downscaling its massive monetary easing only in a year’s time, the majority of economists said in a Re[...]
Read more
Vietnam joins Southeast Asian effort on cross-border payments
JAKARTA (Reuters) – Vietnam’s central bank signed an agreement on Friday to be part of an initiative by five other Southeast Asian countries to establish a cross-border payments mechanisms[...]
Read more