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January 19, 2022

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China’s Evergrande scrambles to avoid new default, Shimao hoists ‘for sale’ sign

Reuters
A man walks past a wall carrying the logo of Shimao Group, with residential buildings and the financial district of Pudong seen in the background, in Shanghai, China January 1, 2013. Picture taken January 1, 2013. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register Shimao puts assets on......

Base metals shine in 2021 on robust China demand, supply concerns

Reuters
Dec 31 (Reuters) – Base metals, which were mixed in late Asian trading on Friday, were poised to end 2021 firmer across the board, propped up by an economic rebound in top consumer China and supply concerns. Prices on the London Metal Exchange were mostly lower on the last trading......

Japan business lobbyist backs Myanmar coup, urges investment

Reuters
TOKYO, Dec 17 (Reuters) – A Japanese former politician who campaigned to bring billions of dollars of investment from some of Japan’s top companies to Myanmar has urged Japan to endorse its military regime, saying the nation’s coup leader has “grown fantastically as a human being,” while praising his “democratisation......

Copper falls as cautious investors await Fed policy decision

Reuters
Dec 15 (Reuters) – London copper prices fell to their lowest in almost a month on Wednesday as cautious investors reduced exposure ahead of a U.S. Federal Reserve decision on how soon it would conclude its bond-buying programme. Three-month copper on the London Metal Exchange (LME) fell 0.7% to $9,346......

China’s November coal imports at highest in 2021

Reuters
Workers operate loaders unloading imported coal at a port in Lianyungang, Jiangsu province, China December 5, 2019. REUTERS/Stringer Register now for FREE unlimited access to reuters.com Register Nov coal imports at 35.05 mln T, vs 26.94 mln T in Oct Some Australian coal at ports granted customs clearance Chinese mines......

Copper rises as supply tightness offsets dollar strength

Reuters
Dec 6 (Reuters) – London copper prices rose on Monday after a decision by MMG Ltd (1208.HK) to shut down production at its Las Bambas mine in Peru exacerbated supply concerns in an already tight market, although the metal’s gains were capped by a firmer dollar. Three-month copper on the......

Softbank Group shares slide 3% after Didi, Arm, Grab triple setback

Reuters
Tokyo, Japan, Feb. 4, 2021. REUTERS/Kim Kyung-Hoon//File Photo Register now for FREE unlimited access to reuters.com Register HONG KONG, Dec 3 (Reuters) – Shares in Japanese conglomerate SoftBank Group Corp (9984.T) dropped over 3% on Friday after the giant tech investor was hit with three disappointments within 24 hours, including......

Southeast Asia’s Grab slumps in U.S. debut after record SPAC deal

Reuters
Grab listed on Thursday after $40 bln deal with Altimeter Debut marks biggest U.S. listing by a Southeast Asian firm Early backers SoftBank, Didi set for payday bonanza Bell-ringing ceremony takes place in Singapore SINGAPORE, Dec 2 (Reuters) – Shares in Grab , Southeast Asia’s biggest ride-hailing and delivery firm,......

U.S. FTC sues to block Nvidia deal to buy Arm

Reuters
SAN FRANCISCO/WASHINGTON, Dec 2 (Reuters) – The U.S. Federal Trade Commission on Thursday sued to block U.S. chip company Nvidia Corp’s (NVDA.O) more than $80 billion planned acquisition of British chip technology provider Arm, adding to already significant global regulatory challenges of the deal. The FTC said the proposed deal......

India’s Paytm falls as net loss widens on higher expense

Reuters
The interface of Indian payments app Paytm is seen in front of its logo displayed in this illustration picture taken July 7, 2021. REUTERS/Florence Lo/Illustration//File Photo Register now for FREE unlimited access to reuters.com Register NEW DELHI, Nov 29 (Reuters) – Shares in India’s One 97 Communications Ltd (PAYT.NS), the......

China asks Didi to delist from U.S. on data security fears – Bloomberg News

Reuters
SHANGHAI, Nov 26 (Reuters) – Chinese regulators have asked top executives of ride hailing giant Didi Global Inc (DIDI.N) to devise a plan to delist from the New York Stock Exchange due to concerns about data security, Bloomberg News reported. China’s tech watchdog wants the management to take the company......

Consortium of Japanese firms to test digital currency in coming months, launch in FY2022

Reuters
A man walks past in front of a sign board of Mitsubishi UFJ Trust and Banking Corporation, the asset management unit of Japan’s Mitsubishi UFJ Financial Group Inc. (MUFG), in Tokyo, Japan July 31, 2017. REUTERS/Issei Kato/Files Register now for FREE unlimited access to reuters.com Register Consortium includes Japan’s three......

Tencent boosts Prosus profit, e-commerce trading loss widens

Reuters
A logo of Prosus is diplayed at Amsterdam’s stock exchange building as Prosus begins trading on the Euronext stock exchange in Amsterdam, Netherlands, September 11, 2019. REUTERS/Piroschka van de Wouw/File Photo Register now for FREE unlimited access to reuters.com Register AMSTERDAM/JOHANNESBURG, Nov 22 (Reuters) – Prosus, which owns a $175......

India’s Paytm falls for second day after debut debacle

Reuters
BENGALURU, Nov 22 (Reuters) – Digital payments firm Paytm (PAYT.NS) fell for a second session on Monday, shaving off $7.75 billion from its market value since its dismal debut in India’s biggest initial public offering last week. Shares fell 17.78% as of 0733 GMT to 1,271 rupees compared with the......

India’s Paytm crashes in market debut, business model questioned

Reuters
MUMBAI, Nov 18 (Reuters) – Indian digital payments firm Paytm (PAYT.NS) tumbled 26% on its maiden day of trade, with investors questioning its lack of profits and the lofty valuations it gained in the country’s largest-ever IPO. While there had been some expectations that Paytm’s market debut could underwhelm, the......

Oil prices mixed on tight inventories, demand worries

Reuters
The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann/File Photo Trafigura CEO Weir sees ‘very, very tight’ oil market Oil price rally set to ease as supply rebounds, IEA says Fears of COVID lockdown in Europe, rising......

Saudi PIF nearly triples U.S. stock holdings; adds Walmart, Pinterest

Reuters
DUBAI, Nov 15 (Reuters) – The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, nearly tripled its holdings of U.S.-listed stocks to $43.45 billion in the third quarter, adding shares of Alibaba Group , Walmart (WMT.N) and Pinterest (PINS.N). Its U.S.-listed stock holdings in the quarter ended Sept. 30......

Coal stocks lose ground after Glasgow climate deal

Reuters
Smoke billows from a chimney at a coking factory in Hefei, Anhui province October 2, 2010. REUTERS/Stringer/File Photo Coal miners down in Asia Selling crimps long rally amid energy squeeze Oil, gas steady; China coal futures sink amid output surge SYDNEY, Nov 15 (Reuters) – An international agreement to reduce......

China state council think-tank met developers, banks, says source, as debt woes mount

Reuters
The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo SHANGHAI/BEIJING, Nov 9 (Reuters) – A think-tank of China’s powerful state council met real estate developers and banks in Shenzhen city, a source with direct knowledge of the meeting told Reuters, amid intensifying worries over......

SoftBank-backed Indian logistics startup Delhivery files for $997 mln IPO

Reuters
BENGALURU, Nov 2 (Reuters) – SoftBank Group (9984.T)-backed Indian logistics firm Delhivery has filed for an initial public offering of up to 74.6 billion rupees ($997.33 million), joining a long list of startups that have tapped the capital market this year. The filing comes on the heels of several public......

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