(Reuters) – HSBC Holdings on Tuesday said its chief executive, Noel Quinn, has decided to retire. (Reporting by Rishav Chatterjee in Bengaluru; Editing by Savio D’Souza)
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April 30, 2024
China developer Fantasia proposes new restructuring terms, shares up
By Clare Jim HONG KONG (Reuters) – Embattled Chinese property developer Fantasia said on Monday it has entered into a new agreement with its ad hoc group of bondholders to restructure its $4 bil[...]
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China’s factory activity expands at fastest clip in 14 months, Caixin PMI shows
BEIJING (Reuters) – China’s manufacturing activity expanded at the fastest pace in 14 months in April, driven by a solid uptick in new export orders, a private survey showed on Tuesday, an[...]
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Asia’s first spot bitcoin and ether ETFs gain in Hong Kong debut
By Summer Zhen HONG KONG (Reuters) -Six spot bitcoin and ether exchange traded funds (ETFs) gained in their Hong Kong debut on Tuesday, with the three bitcoin ETFs climbing more than 3% in early trade[...]
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Activist investor Elliott buys stake in Japan’s Sumitomo, source says
By Anton Bridge TOKYO (Reuters) – U.S. hedge fund Elliott Management Corp has bought a stake in Sumitomo Corp worth several tens of billions of yen, a person familiar with the situation said on[...]
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KFC Malaysia temporarily shutters outlets citing challenging economy
KUALA LUMPUR (Reuters) – KFC Malaysia has temporarily closed outlets in the country, citing challenging economic conditions, after local media reported that the closings were because of boycotts[...]
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Australia’s Coles eyes more product volume as cooling inflation lures shoppers
By Byron Kaye and Rishav Chatterjee (Reuters) -Australian No.2 grocery chain Coles said on Tuesday it was asking suppliers to ship more product after a slowdown in inflation encouraged shoppers to buy[...]
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China non-manufacturing activity expands at slower pace in April
BEIJING (Reuters) – China’s non-manufacturing activity expanded at a slower pace in April, an official survey showed on Tuesday, likely due to disruption caused to construction and service[...]
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Japan March factory output rises as vehicle production recovers
TOKYO (Reuters) -Japan’s factory output grew more than expected in March, government data showed on Tuesday, thanks largely to automakers resuming production after safety scandals. Industrial pr[...]
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