Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Bank of East Asia to launch sale of insurance business in strategy overhaul
HONG KONG (Reuters) - Hong Kong-based Bank of East Asia Ltd (BEA) said on Wednesday it had decided to initiate a sale of its insurance business following the completion of a review of its portfolios a...
Sep 23, 2020
Singapore’s deflation extends to seventh month in core gauge
SINGAPORE (Reuters) - Singapore's main price gauge contracted for the seventh consecutive month in August, data showed on Wednesday, with prices falling 0.3% from a year earlier. Core inflation - the ...
Sep 23, 2020
Australia extends relaxation of company reporting, capital raising rules
SYDNEY (Reuters) - Australia extended by six months its temporary relaxation of company disclosure obligations, including allowing businesses to avoid releasing earnings forecasts, in a bid to shield ...
Sep 23, 2020
Citi closes market making business in retail options: FT
(Reuters) - Citigroup Inc has closed its market making business in retail options that serves retail broker-dealers, the Financial Times reported on Wednesday, citing three people with knowledge of th...
Sep 23, 2020
Chinese brokerages set for consolidation as holding firms meet tighter rules
BEIJING (Reuters) - China's securities broking sector is set for consolidation as stricter regulations covering opaque financial holding firms force owners of mid-sized brokerages to divest, analysts ...
Sep 23, 2020
PetroChina’s Daqing refinery begins processing first Russian crude oil
SINGAPORE (Reuters) - PetroChina Co Ltd's subsidiary refinery in northeast China's Daqing has started processing its first Russian crude oil transported via pipeline, after completion of plant upgrade...
Sep 23, 2020
China will boost investment in strategic industries: state planner
BEIJING (Reuters) - China said on Wednesday it will boost investment in strategic industries including core tech sectors such as 5G, artificial intelligence and chips. China will accelerate developmen...
Sep 23, 2020
BOJ’s Kuroda says FX should move stably reflecting fundamentals
TOKYO (Reuters) - Currency rates should move stably reflecting economic fundamentals, Bank of Japan Governor Haruhiko Kuroda said after meeting new Prime Minister Yoshihide Suga on Wednesday. Kuroda a...
Sep 23, 2020
NZ central bank holds rates but hints at further easing
By Praveen Menon WELLINGTON (Reuters) - New Zealand's central bank held its official cash rate at a record low on Wednesday but hinted at further easing and warned the economy may need support for a l...
Sep 22, 2020
Paytm executive says India’s secondary listing plan would be undue burden
By Sankalp Phartiyal and Nupur Anand NEW DELHI (Reuters) - India's potential plan to compel companies to do a secondary listing on an Indian stock exchange if they opt to first list on an overseas bou...
Sep 22, 2020
