SINGAPORE (Reuters) -Capital A Berhad, parent of Malaysian budget airline AirAsia, expects to see the carrier’s operations returning to pre-pandemic levels by December, Capital A CEO Tony Fernan[...]
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September 11, 2023
Exclusive-SoftBank’s Arm eyes pricing IPO at top of range or above-sources
By Echo Wang and Anirban Sen NEW YORK (Reuters) -Arm, the chip designer owned by SoftBank Group Corp, is getting close to securing enough investor support to attain the fully diluted valuation of $54.[...]
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Take Five: Doves versus hawks
LONDON (Reuters) -It’s a packed week ahead for markets with the European Central Bank holding a crunch meeting on whether or not to hike rates again as the economy falters, while the United Stat[...]
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Country Garden faces fresh test for onshore bond extensions
By Xie Yu HONG KONG (Reuters) -Embattled developer Country Garden faces a new round of voting by creditors to extend several debt maturities on Monday, having avoided default at the last minute twice[...]
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Franklin Templeton CEO says China pessimism is overhyped
By Yantoultra Ngui SINGAPORE (Reuters) – The idea that investment opportunities in China have met their demise is probably overhyped, said Jenny Johnson, president and chief executive officer at[...]
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Malaysia targets at least 5% economic growth annually until 2025 – PM
KUALA LUMPUR (Reuters) – Malaysia is aiming for economic growth of at least 5% annually until 2025, lower than the Southeast Asian nation’s previous target, Prime Minister Anwar Ibrahim sa[...]
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More Chinese seek bargains at Beijing market as confidence in economy wanes
By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Amy Zhang used to buy branded fashion from shopping malls, but China’s economic uncertainty has driven the 35-year-old tea[...]
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Analysis-European retailers risk dressing-down from investors as consumers flinch
By Joice Alves LONDON (Reuters) – European retailers have been unlikely stock market stars this year, but a long spell of high borrowing costs and inflation has started to bite, so wary investor[...]
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Pricing in focus as Zara owner Inditex seeks to maintain its edge over rivals
By Helen Reid and Corina Pons LONDON/MADRID (Reuters) – Zara owner Inditex, which was among the first fashion retailers to raise prices in response to surging inflation, is in a strong financial[...]
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