LONDON (Reuters) – U.S. Treasury Secretary Janet Yellen chaired a meeting of finance ministers from Australia, Canada, New Zealand, and…
Alibaba signs cooperation agreement with authorities in China’s Hangzhou -media
SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd has signed a cooperation agreement with the government of Hangzhou,…
Carlyle buys majority stake in India’s VLCC for $300 million – sources
BENGALURU (Reuters) -Private-equity firm Carlyle Group has acquired a majority stake in Indian beauty care and wellness solutions provider VLCC…
Renault and PUNCH Torino join forces on low-emission diesel engines
PARIS (Reuters) -Renault will team up with propulsion systems and electronics developper PUNCH Torino on 4-cylinder diesel engines for light…
Dalio’s Bridgewater cements rank in 2022 as top foreign hedge fund in China
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Bridgewater has doubled its fund assets in China to more…
China passenger vehicle sales rise in Dec, Tesla sales slump 41% – data
SHANGHAI (Reuters) – China’s passenger car sales rose 2.4% in December as consumers rushed to make use of a subsidy…
Asian companies see earnings upgrades by analysts over the past month
(Reuters) – Analysts raised 2023 earnings estimates for Asian companies over the past month, contrasting with the raft of earnings…
Fixed income returns in India set to surge in 2023, prompt higher investments – analysts
(This Jan. 9 story has been corrected to fix AUM of Nuvama Wealth Management in the fourth paragraph after the…
Philippines central bank flags 25 or 50 bps rate hike next month
By Neil Jerome Morales MANILA (Reuters) – The Philippine central bank chief on Tuesday confirmed interest rates would likely need…
Thailand approves $100 billion budget for 2024 fiscal year
BANGKOK (Reuters) – Thailand’s cabinet on Tuesday approved a budget of 3.35 trillion baht ($100 billion) for the fiscal year…