Demise of dollar’s FX reserve omnipotence greatly exaggerated: McGeever
ORLANDO, Florida, June 6 (Reuters) – After two decades of the dollar’s share of global foreign exchange reserves gradually eroding to less […]
TSMC-backed Vanguard and Dutch firm NXP to build $7.8 billion Singapore wafer plant
Taiwan Semiconductor Manufacturing Co.-backed Vanguard International Semiconductor Corporation and Dutch chip designer and manufacturer NXP Semiconductors will build a $7.8 billion wafer manufacturing plant in […]
Shares in Swiss bank EFG jump on renewed takeover speculation
ZURICH, June 6 (Reuters) – Shares in Swiss bank EFG International (EFGN.S), opens new tab rose by as much as 10% on Thursday fuelled […]
Project mBridge e-currency project involving Hong Kong, mainland China hits landmark
A multi-country central bank digital currency (CBDC) project involving mainland China, Hong Kong, Thailand and the United Arab Emirates has made a […]
Hedge fund giant Bridgewater misses out on stock market bull run, ditching Chinese stocks in first quarter
Bridgewater Associates, the world’s biggest hedge fund, pulled back drastically from Chinese stocks again last quarter, slashing its investment by nearly 90 […]
Russia’s two largest banks to open in annexed regions of Ukraine by July
LONDON, June 4 (Reuters) – Russia’s two largest banks expect to open branches and offices in July in the regions of Ukraine […]
NYCB names CEO Joseph Otting to additional role of executive chairman
June 4 (Reuters) – Regional lender New York Community Bancorp (NYCB.N), opens new tab said on Tuesday it had expanded the role of its […]
Backlash blunts edges of UK watchdog’s ‘naming and shaming’ plan
LONDON, June 5 (Reuters) – Britain’s markets regulator is expected to narrow down plans to name companies under investigation, four lawyers told […]
Lithium Ionic arranges $11 million financing for Brazil projects
Lithium Ionic (TSXV: LTH) said on Monday it plans to raise C$15 million ($11m) through a private placement with its long-term shareholders. […]
China to build $1.5 billion copper smelter in Kazakhstan
The Republic of Kazakhstan government has agreed with China Nonferrous Metal Mining (NFC) to build a smelter projected to have an annual […]
MMG plans to raise $1.16bn to repay debt, fund mine development
China’s MMG said on Tuesday it plans to raise about HK$9.08 billion ($1.16 billion) through a rights issue to repay existing debt, […]
Australia orders Chinese investors to sell down stake in rare earths miner
Australian Treasurer Jim Chalmers has ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest […]