Malaysia’s state fund 1MDB sues PetroSaudi executive, seeking $1.83 bln
KUALA LUMPUR, May 23 (Reuters) – Malaysia’s scandal-hit state fund 1Malaysia Development Berhad (1MDB) has filed a lawsuit against a top PetroSaudi International executive […]
Alibaba’s Hong Kong primary listing plan can open the doors to China’s 210 million investors
Alibaba Group Holding is paving the way for China’s 210 million investors to buy a stake in the e-commerce giant as it […]
No delay to Hong Kong’s plan to allow stock market to stay open in typhoons, treasury secretary says
Hong Kong’s financial services secretary, Christopher Hui Ching-yu, has denied reports that a major stock market reform that would see trading continue as […]
South Korea unveils US$19-billion support package for semiconductor sector to compete in global chip ‘warfare’
South Korea on Thursday announced a 26 trillion won (US$19 billion) support package for its chip businesses, citing a need to keep up […]
Natwest shares dip as UK looks set to scrap public sale
May 23 (Reuters) – Shares in Natwest (NWG.L), opens new tab fell slightly in early London trading on Thursday, after Reuters reported that Britain was poised […]
Citi fined after $1.4bn of equities sold in error
Citi has been fined more than £60m by regulators after a trading error led to more than $1bn worth of stock being […]
Elliott takes $1 billion stake in Anglo American as miner faces takeover interest
Elliott Management has built a roughly $1 billion stake in miner Anglo American in recent months, a person familiar with the matter told CNBC. […]
Citi fined $79 mln by UK regulators over trading failures
LONDON, May 22 (Reuters) – UK regulators fined Citigroup (C.N), opens new tab 61.6 million pounds ($78.5 million) for controls failings in its trading […]
HEDGE FLOW Hedge funds buy Chinese stocks for fourth consecutive week
HONG KONG, May 22 (Reuters) – Global hedge funds added to their holdings of Chinese equities for a fourth straight week, joining […]
JPMorgan CEO Jamie Dimon signals retirement is closer than ever
Jamie Dimon’s days as CEO of JPMorgan Chase are numbered — though it is unclear by how much. In a response to a question […]
Exclusive | Dubai prince Ali Al Maktoum returning to Hong Kong within weeks to open US$500 million family office, with chance to ‘clear the air’
A top Hong Kong aide of Dubai Sheikh Ali Rashed Ali Saeed Al Maktoum has reaffirmed a plan of his return to […]
The European Central Bank holds 20% of Atos bonds, La Lettre says
PARIS, May 20 (Reuters) – The European Central Bank holds about 20% of French IT consulting firm Atos’ bonds, making it the […]