Saudi Arabia Invests $2.5 Billion in Middle East Green Initiative
In a significant move towards environmental sustainability, Saudi Arabia has pledged $2.5 billion to the Middle East Green Initiative. This ambitious regional […]
Hong Kong’s moribund IPO market seen revived by deals from innovative, ‘unbelievably huge’ China companies: Citi
Hong Kong’s limping initial public offerings (IPO) market, dealt a crippling blow by rising interest rates and an aversion to Chinese assets, appears to […]
Hong Kong stocks enter bull market: banks, insurers gain after Fed rate decision as China’s policy support adds to cheer
Hong Kong stocks rose on Thursday driven by gains in the banking sector and in insurance companies after the US Federal Reserve signalled […]
Private credit market is a ‘big story’ in Asia though institutional investors have become selective, say industry experts
Hong Kong-based credit investment firm SC Lowy is raising a private debt fund with a target size of up to US$800 million, […]
US financial regulators restart work on long-delayed compensation rules
WASHINGTON, May 6 (Reuters) – A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive […]
Exclusive: China’s CICC may cut investment banking headcount by at least 10% this year, sources say
SHANGHAI, May 7 (Reuters) – China International Capital Corp (CICC) (3908.HK), opens new tab may reduce its investment banking headcount by at least 10% […]
Australia’s RBA sees no need to hike rates but wary of price risks
SYDNEY, May 7 (Reuters) – Australia’s central bank chief said on Tuesday interest rates were at the right level after holding steady […]
How Finnish strikes over labour reforms are affecting companies
May 7 (Reuters) – The SAK trade union association said in early April that Finnish labour unions would suspend a four-week strike which began […]
Mubadala Capital to Invest $13.5B in Brazilian Biofuels
Abu Dhabi’s Mubadala Capital is gearing up for a substantial investment venture in Brazil, planning to allocate around $13.5B over the next […]
Morgan Stanley, Frasers settle UK lawsuit over $1 bln margin call
LONDON, May 3 (Reuters) – British retail tycoon Mike Ashley’s Frasers Group (FRAS.L), opens new tab has withdrawn its London lawsuit against Morgan Stanley (MS.N), […]
Westpac announces new buyback, special dividend as profit slumps
May 6 (Reuters) – Australian bank Westpac (WBC.AX), opens new tab raised its share repurchase programme by A$1 billion ($661 million) and declared a […]
Louisiana Secures $52.7 Million for Pipeline Construction and Natural Gas Infrastructure
(P&GJ) — U.S. Senator Bill Cassidy, M.D. (R-LA), announced that Louisiana has been awarded more than $52.7 million in grants from the […]