(Reuters) -PacWest Bancorp said on Thursday that it has been approached by several potential partners and investors, and that those talks are ongoing as it continues to evaluate all options to maximiz[...]
Read more
May 4, 2023
Marketmind: Next up ECB: Will it be a hawkish 25 or dovish 50?
A look at the day ahead in European and global markets from Vidya Ranganathan. The spotlight moves swiftly from the Fed’s “possible pause or pivot” message overnight to the European[...]
Read more
HSBC to raise Hong Kong best lending rate to 5.75%
HONG KONG (Reuters) – HSBC will raise its Hong Kong dollar best lending rate from 5.625% to 5.75% with effect from Friday, the bank said in a statement on Thursday, following the territory[...]
Read more
IMF sees uncertainty over Japan’s monetary policy, spillover globally
By Leika Kihara (Reuters) -The International Monetary Fund on Thursday warned of “uncertainty” around the direction of Japan’s monetary policy, saying a possible shift from ultra-low[...]
Read more
China’s skidding factory sector taps brakes on economic recovery
By Ellen Zhang and Ryan Woo BEIJING (Reuters) -China’s factory activity unexpectedly contracted in April as orders fell and poor domestic demand dragged on the sprawling manufacturing sector, a[...]
Read more
Indonesia cuts tax breaks to discourage low quality nickel investment-minister
By Fransiska Nangoy, Stefanno Sulaiman JAKARTA (Reuters) -Indonesia has cut tax incentives to limit investment in lower quality nickel products as it aims to extract as much value as possible from its[...]
Read more
Australia’s exports to China hit record highs as barriers ease
SYDNEY (Reuters) – Australia’s exports to China surged to record highs in March as the Asian giant sucked in more iron for its steel industry and lowered barriers to thermal coal shipments[...]
Read more
Top US CEO pay rose 7.7% last year, outpacing inflation, study finds
By Ross Kerber (Reuters) – Median pay for top U.S. CEOs rose 7.7% last year to a record $22.3 million, a new study found, as big stock awards helped the group stay ahead of inflation while U.S.[...]
Read more
Australia’s NAB warns of end to windfall from rising rates
By Byron Kaye and Himanshi Akhand (Reuters) – National Australia Bank Ltd, the country’s No. 2 lender, fell short of analyst forecasts in half-year profit released on Thursday and took a h[...]
Read more