By Lavanya Sushil Ahire and Anirudh Saligrama (Reuters) -Singapore’s second-biggest bank, Oversea-Chinese Banking Corp (OCBC), said it had restored all its banking services on Monday after grapp[...]
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August 28, 2023
Thailand’s Siam Cement puts chemical unit’s IPO on hold
SINGAPORE (Reuters) -Thailand’s largest industrial conglomerate Siam Cement said on Monday it has decided not to proceed with the domestic initial public offering (IPO) of its unit SCG Chemicals[...]
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Marketmind: Beijing tries new ways to lift moribund markets
A look at the day ahead in European and global markets from Wayne Cole Chinese blue chips were enjoying a rare rally on Monday after Beijing rolled out more measures to support the market. These inclu[...]
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China’s Sinopec plans steady refinery output on fuel recovery
By Chen Aizhu and Judy Hua (Reuters) -Chinese refining giant Sinopec Corp plans to maintain steady refinery output during the second half of 2023 as domestic fuel demand recovers, after reporting a 20[...]
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Fortescue profit drops on Iron Bridge impairment charge; co-CEO to step down
By Roushni Nair and Melanie Burton (Reuters) -Australia’s Fortescue on Monday reported a $1 billion pre-tax impairment charge associated with its flagship magnetite growth project, while posting[...]
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Australia retail sales rebound after fall, annual rate slows further
SYDNEY (Reuters) – Australian retail sales rebounded in July after a sharp fall the previous month, but the annual rate slowed further, a result that should not upset the outlook for interest ra[...]
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Thailand’s employment growth drops in Q2 as economy slows
BANGKOK (Reuters) – Thailand’s employment in the second quarter rose 1.7% from a year earlier, slowing from a 2.4% increase in the previous three months, the state planning agency said on[...]
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China approves 37 retail funds to help revive market
SHANGHAI (Reuters) – China’s securities regulator approved the launch of 37 retail funds over the weekend, part of government efforts to revive a stock market struggling for lift-off in an[...]
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Shares of Country Garden set to rise after it sells stake in development
HONG KONG (Reuters) – Shares of Country Garden are set to rise 14.8% on Monday after it sold a minority stake in a mixed development in Guangzhou for 1.3 billion yuan ($178.35 million). On Frida[...]
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