By Scott Murdoch SYDNEY (Reuters) – China Evergrande’s offshore dollar bondholders stand to receive a potentially tiny payout in a complicated process that could take years to play out aft[...]
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January 31, 2024
Chinese major cities ease home purchase limits to boost sales
BEIJING (Reuters) – Two of China’s major cities, Suzhou and Shanghai, followed Guangzhou in easing home-buying restrictions, in an effort to boost property sales as persistent weakness in[...]
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BOJ made hawkish tilt in January, debated stimulus exit scenarios – summary
By Leika Kihara TOKYO (Reuters) -Bank of Japan policymakers discussed in January the likelihood of a near-term exit from negative interest rates and possible scenarios for phasing out the bank’s[...]
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World-beating growth? Not for India’s rural majority
By Aftab Ahmed, Saurabh Sharma and Jatindra Dash BAHBOLIYA MAHADA, India, (Reuters) – Jakir Khan, an Indian farm worker, says he has cut down on food as his income has halved. There are fewer an[...]
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IMF sees scope for Asia to cut rates, urges clarity in China’s property fixes
By Leika Kihara TOKYO (Reuters) – Asian central banks may see scope to loosen monetary policy later this year as inflation moderates, the International Monetary Fund said on Wednesday and called[...]
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Samsung Sees Tech Devices Demand Recovering in 2024 After Record Chip Loss
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34% drop in fourth-quarter profit despite a[...]
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Australia’s Westpac found guilty of misconduct in 2016 rate swap deal
(Reuters) – Australia’s corporate regulator said on Wednesday that a court found Westpac engaged in unethical conduct while carrying out an A$12 billion ($7.88 billion) interest rate swap[...]
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China’s factory activity shrinks again, weak demand hobbles economy
BEIJING (Reuters) -China’s manufacturing activity contracted for the fourth straight month in January, an official factory survey showed on Wednesday, suggesting the sprawling sector and the bro[...]
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What investors and legal experts are saying about Elon Musk’s voided $56 billion pay package
(Reuters) – A Delaware judge tossed out Elon Musk’s record-breaking $56 billion Tesla pay package on Tuesday, calling the compensation granted by the EV maker’s board “an unfat[...]
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