By Sinéad Carew NEW YORK (Reuters) – Stock indexes advanced on Thursday but finished below their session highs while the dollar declined as investors turned their focus to upcoming inflation dat[...]
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March 31, 2023
China’s JD.com to spin off industrial, property units in $1 bn Hong Kong floats
By Twinnie Siu and Scott Murdoch (Reuters) -E-commerce firm JD.com Inc is planning to spin off its property and industrial units and list them on the Hong Kong stock exchange in deals worth $1 billion[...]
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Air India’s plans to modernise under new owner Tata
NEW DELHI (Reuters) – Air India is carving out an ambitious renaissance under the Tata Group conglomerate, which regained control last year after the airline was nationalised nearly seven decade[...]
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Investors ride out China uncertainty in convertible bonds
By Georgina Lee HONG KONG (Reuters) – Investors keen for exposure to China’s economic reopening but unwilling to wager unreservedly are turning to convertible bonds issued by Asian compani[...]
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Citigroup hires BofA Merrill’s head Andy Sieg to lead wealth unit
By Lananh Nguyen and Jaiveer Shekhawat (Reuters) -Citigroup Inc hired Andy Sieg to lead its global wealth arm, the lender said on Thursday, from Bank of America Corp, where he led the Merrill Wealth M[...]
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Japan regional banks can weather foreign bond losses – regulatory official
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Japanese regional lenders will be well able to weather even “large” losses on their foreign bond portfolios thanks to strong[...]
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Trump faces more than 30 counts over business fraud in indictment -CNN
(Reuters) – Former U.S. President Donald Trump faces more than 30 counts related to business fraud in an indictment by a Manhattan grand jury investigating hush money payments to a porn star, CN[...]
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Nike faces shareholder proposal on human rights
By Katherine Masters NEW YORK (Reuters) – Activist shareholder platform Tulipshare is calling on Nike to offer more transparency on working conditions in its supply chain. In a shareholder propo[...]
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RBA to hike rates 25 bps on April 4 but decision on a knife edge- Reuters Poll
By Shaloo Shrivastava BENGALURU (Reuters) – Australia’s central bank is expected to go for a final 25 basis point interest rate hike to 3.85% on Tuesday, although forecasts from economists[...]
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