By Selena Li HONG KONG (Reuters) – The Hong Kong government has named Julia Leung as new head of the…
Citi to wind down consumer banking in China, affecting about 1,200 staff
By Xie Yu SINGAPORE (Reuters) -Citigroup Inc will wind down its consumer banking business in China in a move that…
Factbox-Details of Indonesia’s new financial sector law
By Stefanno Sulaiman (Reuters) – Indonesia’s parliament on Thursday approved a financial law revising more than a dozen existing regulations,…
Pakistan signs $475 million flood loan deal with ADB
ISLAMABAD (Reuters) – Pakistan has signed a $475 million loan agreement for flood relief with the Asian Development Bank (ADB),…
Exclusive-U.S. to remove some Chinese entities from red flag list soon, U.S. official says
By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) -The Biden administration plans to remove some Chinese entities from a red…
HSBC’s disgruntled HK retail shareholders campaign for spinoff
By Selena Li HONG KONG (Reuters) -A small group of HSBC’s Hong Kong-based retail investors are seeking support to put…
JPMorgan, Citi and BNP invest in risk management provider Acin
By Andres Gonzalez LONDON (Reuters) – A group of five banks including JPMorgan, Citi and BNP Paribas are among the…
Asian FX bulls return as easing China COVID curbs improves outlook: Reuters poll
By Upasana Singh (Reuters) – Investors were most bullish on the Singapore dollar and the Thai baht since the Russia-Ukraine…
German wholesale price index eases in November
BERLIN (Reuters) – Germany’s wholesale price index eased in November compared to the previous month, as signs mounted that inflation…
Foreigners turn net buyers of Japanese stocks last week
(Reuters) – Foreign investors were net buyers of Japanese stocks last week, as worries about the U.S. Federal Reserve’s interest…