Explainer-What would Japan's currency intervention to combat a weak yen look like?

Japan's government said it was ready to take action if "rapid, one-sided" moves in the currency market continue, signalling their alarm over the yen's fall to a fresh 24-year low.

newspaper

07-09-2022

ABB shareholders approve Accelleron spinoff

ABB shareholders approved on Wednesday spinning off turbocharging business Accelleron, whose products increase engine output and raise efficiency while also reducing fuel consumption.

newspaper

07-09-2022

Richemont shareholders reject activist investor's board candidate

Luxury goods group Richemont shrugged off pressure from Bluebell Capital as shareholders voted down the activist investor's board candidate at the annual general meeting (AGM) on Wednesday.

newspaper

07-09-2022

China names Zhang Qingsong as deputy central bank governor amid reshuffle

(This Sept 6 story corrects spelling of Export-Import Bank of China in second paragraph)

newspaper

07-09-2022

Barclays poaches StanChart's global head of sustainable finance

British lender Barclays on Wednesday appointed Standard Chartered's Daniel Hanna as its global head of sustainable finance for the corporate and investment bank to help deliver its climate strategy.

newspaper

07-09-2022

China's trade falters as demand wanes at home and abroad

China's exports and imports lost momentum in August with growth significantly missing forecasts as surging inflation crippled overseas demand and fresh COVID curbs and heatwaves disrupted output, reviving downside risks for the shaky economy.

newspaper

07-09-2022

Speculation lifts EDF shares just above nationalisation price

The share price of EDF on Tuesday crossed the 12 euros price set by the French government to buy out the French energy giant, as speculation grows about efforts by activist minority shareholders to obtain a higher offer price.

newspaper

06-09-2022

China's top banks face narrowing margins as calls to help economy grow

Top tier Chinese banks preparing to respond to Beijing's call to boost lending to the real economy and debt-laden property sector are set to face a squeeze on their profit margins in the second half, bankers and analysts said.

newspaper

06-09-2022

POSCO says fire put out at S.Korea steel plant, production halted due to flooding

SEOUL (Reuters) -A fire broke out at South Korean steelmaker POSCO's plant in the southeastern city of Pohang on Tuesday, a POSCO spokesperson confirmed.

newspaper

06-09-2022