Asia stocks jump as US inflation recedes, China data surprises

Asia stocks jump as US inflation recedes, China data surprises

A woman walks past a man examining an electronic board showing Japan’s Nikkei average and stock quotations outside a brokerage, in Tokyo, Japan, March 20, 2023. REUTERS/Androniki Christodoulou/File Photo Acquire Licensing Rights U.S. October CPI flat vs 0.1% rise expected Fed funds futures price in rate cuts by May JGBs surge as Japan economy contracts SINGAPORE, … Read more

Singapore’s bank DBS third-quarter net profit rises 18% on-year

Singapore’s bank DBS third-quarter net profit rises 18% on-year

SINGAPORE, Nov 6 (Reuters) – Singapore’s biggest bank DBS Group (DBSM.SI) reported on Monday a 18% jump in net profit in the third quarter from a year earlier as total income grew on higher interest margin and commercial book non-interest income. DBS, which is also Southeast Asia’s largest lender by assets, said July-September net profit … Read more

Exclusive: Biden set to speak with China’s top diplomat Wang Yi on Friday, sources say

Exclusive: Biden set to speak with China’s top diplomat Wang Yi on Friday, sources say

U.S. President Joe Biden delivers remarks on healthcare coverage and the economy, at the White House in Washington, U.S. July 7, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing Rights WASHINGTON, Oct 25 (Reuters) – President Joe Biden is expected to speak with Wang Yi when China’s top diplomat visits the White House this week, according to … Read more

Dollar, yields rise, stocks fall after US consumer price data

Dollar, yields rise, stocks fall after US consumer price data

[1/3]Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights U.S. stocks end lower as yields rise Dollar index jumps; U.S. oil prices down Middle East troubles remain in focus NEW YORK, Oct 12 (Reuters) – U.S. Treasury yields … Read more

Jalolov wins super-heavyweight crown, Kurash medallist tests positive

Jalolov wins super-heavyweight crown, Kurash medallist tests positive

HANGZHOU, China, Oct 5 (Reuters) – Uzbekistan’s Bakhodir Jalolov won super-heavyweight boxing gold and China’s women’s basketballers beat their arch-rivals Japan in a thriller at the Asian Games on Thursday. Tokyo Olympic champion and twice world champion Jalolov, 29, beat Kazakhstan’s Kamshybek Kunkabayev, 31, on points to take gold and continue his impressive record. The … Read more

China’s Hollysys to consider $1.55 bln takeover bid, seek other offers

China’s Hollysys to consider $1.55 bln takeover bid, seek other offers

Bid is latest after multiple offers to buy Hollysys Deutsche Bank to solicit additional potential offers Shares have gained 20.8% year-to-date Oct 2 (Reuters) – China’s Hollysys Automation Technologies , which makes automation and control systems, said on Monday it had set up a committee to consider a $1.55 billion takeover offer from a consortium … Read more

Vietnam’s Masan secures $200 mln investment from Bain Capital

Vietnam’s Masan secures $200 mln investment from Bain Capital

Logo of the Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing Rights HANOI, Oct 2 (Reuters) – Vietnamese conglomerate Masan Group (MSN.HM) has secured funding of at least $200 million from Bain Capital, with the possibility of bringing in other investors to increase that … Read more

Philippines says no standoff with China after removal of floating barrier in South China Sea

Philippines says no standoff with China after removal of floating barrier in South China Sea

Chinese Coast Guard boats close to the floating barrier are pictured on September 20, 2023, near the Scarborough Shoal in the South China Sea, in this handout image released by the Philippine Coast Guard on September 24, 2023. Philippine Coast Guard/Handout via REUTERS Acquire Licensing Rights MANILA, Sept 26 (Reuters) – The Philippines on Tuesday … Read more

Western rival to Belt and Road has much to prove

Western rival to Belt and Road has much to prove

LONDON, Sept 25 (Reuters Breakingviews) – Western countries have a window of opportunity to come up with a credible infrastructure plan for the developing world. China’s $1 trillion Belt and Road Initiative is drowning in bad debts and may be about to lose Italy, the only big rich democracy which is a member. The People’s … Read more

Philippines issues health warning as capital hit by smog, volcanic gas

Philippines issues health warning as capital hit by smog, volcanic gas

BATANGAS, Sept 22 (Reuters) – A small but restive volcano near the Philippine capital Manila spewed above average sulfur dioxide and volcanic smog on Friday, prompting authorities to close schools in dozens of cities and towns and to urge people to stay indoors. The state volcanology and seismology institute said it observed upwelling of hot … Read more