ZURICH (Reuters) – Novartis on Monday announced the appointment of Gilbert Ghostine as chairman-designate of Sandoz, the generics unit Novartis…
Thai banks’ bad loans slow to 2.73% of lending at December-end -central bank
BANGKOK (Reuters) – Thai banks’ non-performing loans stood at 2.73% of total lending at the end of December 2022, down…
Marketmind: Up, up and away
A look at the day ahead in European and global markets from Anshuman Daga Asian shares edged up from their…
Aussie supermarkets set to capitalise on high inflation, but softer demand ahead
By Harshita Swaminathan (Reuters) – Australian supermarkets will reap bigger profits in fiscal 2023 half-year due to decades-high inflation and…
Malaysia’s Jan exports rise 1.6% y/y, below forecast
KUALA LUMPUR (Reuters) – Malaysia’s exports rose 1.6% from a year earlier in January, slower than expected, government data showed…
China holds lending benchmarks for 6th month, but more easing seen
By Winni Zhou and Brenda Goh SHANGHAI (Reuters) – China kept its benchmark lending rates unchanged for a sixth straight…
A.P. Moller Capital plans $750 million infrastructure deals in South, Southeast Asia
By Anshuman Daga SINGAPORE (Reuters) – A.P. Moller Capital, the asset management unit of Danish transportation and logistics giant A.P.…
Disasters lower outlook for New Zealand interest rate rise
By Lucy Craymer WELLINGTON (Reuters) – Expected damage to New Zealand’s economy from severe weather over the past three weeks…
U.S. IPO pick-up offers hope of market re-open
(This Feb. 17 story has been corrected to fix SoftBank Group’s Reuters Instrument Code in paragraph 4.) By Echo Wang…
China’s mortgage rate cuts spur prepayment rush, threaten bank earnings
By Ziyi Tang, Liangping Gao and Ryan Woo BEIJING (Reuters) -China has been cutting mortgage rates since last year to…