BANGKOK (Reuters) – The strengthening of Thailand’s baht was in line with regional currencies, the central bank said in a…
China sovereign fund CIC posts 14.27% overseas investment return in 2021
BEIJING/HONG KONG (Reuters) – The China Investment Corp (CIC) sovereign wealth fund booked a 14.27% net return on overseas investment…
Mercedes-Benz works council asks for record bonus for employees
FRANKFURT (Reuters) – The Mercedes-Benz works council expects the German car manufacturer to dole out a record-high bonus to its…
Philippine central bank governor sticks to 75 bps rate hike plan
MANILA (Reuters) – Philippines central bank governor Felipe Medalla repeated on Friday he will vote to raise interest rates by…
Thai Airways to name new CEO as early as Jan 2023, acting head says
By Chayut Setboonsarng BANGKOK (Reuters) -Thai Airways International PCL expects to name a new permanent CEO as early as January…
IMF announces start of new policy discussions with Ukraine
KYIV (Reuters) – The International Monetary Fund said it was starting “policy discussions” with Ukraine on Friday, building on meetings…
Germany faces 10 billion euro rise in interest costs – committee document
BERLIN (Reuters) – The rising cost of borrowing and high inflation mean Germany’s federal government faces some 10 billion euros…
Daimler Truck warns supply chain troubles not over as Q3 unit sales jump
By Victoria Waldersee BERLIN (Reuters) -Daimler Truck reported a 27% jump in third-quarter unit sales to nearly 135,000 on Friday…
No easy fix for China as economy slows more than expected
By Kevin Yao BEIJING (Reuters) – An unexpectedly weak run of Chinese economic data this month has raised the heat…
Richemont stock soars as jewellery business sparkles
By John Revill and Mimosa Spencer ZURICH (Reuters) -Luxury goods group Richemont’s shares soared as much as 21% in early…