Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
China should not rush on digital yuan for cross-border payments – former central bank head
BOAO, China (Reuters) - China should not rush to use the digital yuan for cross-border payments due to regulatory obstacles and foreign concerns about it's global impact, Zhou Xiaochuan, the country's...
Apr 21, 2021
China’s Wanda raising $3 billion ahead of HK IPO for property management unit – sources
By Julie Zhu and Kane Wu HONG KONG (Reuters) - Chinese conglomerate Dalian Wanda Group aims to raise 20 billion yuan ($3.08 billion) for its commercial property management business, before listing the...
Apr 21, 2021
Philippines’ central bank governor says GDP could grow 6% to 7% in 2021
MANILA (Reuters) - The two-week lockdown of the Philippine capital this month will likely slow full-year economic growth to 6% to 7%, central bank Governor Benjamin Diokno said on Wednesday. The Phili...
Apr 21, 2021
SoftBank Vision Fund seen posting record earnings on Coupang
By Sam Nussey TOKYO (Reuters) - SoftBank Group Corp's $100 billion Vision Fund is widely seen reporting record earnings on May 12 after portfolio companies listed during the quarter, mostly driven by ...
Apr 20, 2021
In Japan Inc, activist investors come in from the cold
By Makiko Yamazaki and Noriyuki Hirata TOKYO (Reuters) - Yasuo Takeuchi remembers the horror he felt in 2017 when, as chief financial officer of Japan's Olympus Corp, he was told an activist investor ...
Apr 20, 2021
Oil falls for second day as India’s COVID-19 surge to dent fuel demand
By Sonali Paul MELBOURNE (Reuters) - Oil prices fell for a second day on Wednesday on concerns that soaring COVID-19 cases in India will drive down fuel demand in the world's third biggest oil importe...
Apr 20, 2021
Australia retail sales jump in March – preliminary data
By Swati Pandey SYDNEY (Reuters) - Australian retail sales surpassed expectations in March as soaring house prices boosted consumer confidence while the re-opening of state borders allowed cashed-up h...
Apr 20, 2021
Asian stocks fall as virus worries return to haunt markets
By Stanley White TOKYO (Reuters) - Asian shares and U.S. stock futures fell on Wednesday as concern about a resurgence of coronavirus cases in some countries cast doubt on the strength of global growt...
Apr 20, 2021
Dollar licks wounds after drop to seven-week trough amid lower U.S. yields
By Kevin Buckland TOKYO (Reuters) - The dollar languished on Wednesday, hovering just above a seven-week low with subdued U.S. bond yields reducing the currency's yield appeal. The safe-haven greenbac...
Apr 20, 2021
Home cooking, booze demand fire up global grocery sales in 2020 – report
(Reuters) - The global grocery sector grew a record 10% in 2020, industry data showed on Wednesday, as people stuck at home under COVID-19 restrictions cooked, baked and drank more. Market researcher ...
Apr 20, 2021
