By Scott Murdoch and Julie Zhu SYDNEY (Reuters) – Drinks maker China Resources Beverage is set to raise $650 million from Hong Kong’s second largest initial public offering (IPO) this year, pricing it at the top of the range, two sources with direct knowledge of the matter said. The shares will be sold at the …
JAKARTA (Reuters) – Indonesian police and military started deploying at least 100,000 personnel across the capital Jakarta on Friday, officials said, as the country prepares for the inauguration of President-elect Prabowo Subianto this weekend. Former General Prabowo will be sworn in as Indonesia’s president on Sunday with Vice President-elect, Gibran Rakabuming Raka, the son of …
Indonesia ramps up security ahead of Prabowo’s inauguration Read More »
By Kevin Yao BEIJING (Reuters) – China’s economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise growth. Authorities have sharply ramped up policy stimulus since …
China’s Q3 GDP hits weakest pace since early 2023, backs calls for more stimulus Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Technology has been the main driving force behind the evolution of financial markets in recent decades, with the explosion of automated and algorithmic trading fostering the eye-popping speed, efficiency, and liquidity that traders and investors enjoy today. Artificial intelligence is likely to accelerate these positive changes and revolutionize financial …
For markets, AI efficiency may bring volatility: McGeever Read More »
By Joyce Lee and Jack Kim SEOUL (Reuters) -North Korean leader Kim Jong Un said South Korea is a foreign and hostile nation, state media KCNA reported on Friday, with photos showing Kim conferring with high-ranking soldiers and poring over a map labelled “Seoul” at a command post. Kim discussed the use of “offensive forces” …
North Korea’s Kim Jong Un calls South Korea a foreign, hostile country Read More »
By William Schomberg LONDON (Reuters) – Speculation is swirling about what new British finance minister Rachel Reeves might announce in her first tax and spending plan this month, but one thing she seems certain to say is that she is doing it for the “working people.” The term “working people” has been used repeatedly by …
The UK’s budget – it’s all about the ‘working people’ Read More »
By Lisa Richwine, Dawn Chmielewski, Harshita Mary Varghese LOS ANGELES (Reuters) -Netflix picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million, and said it expected higher customer growth around the holidays when Korean drama “Squid Game” returns. Shares of Netflix rose 4.8% in after-hours trading …
Netflix tops subscriber targets as ad-tier signups grow Read More »
By Leika Kihara TOKYO (Reuters) -Japan’s core inflation slowed in September due to the rollout of energy subsidies but an index excluding the effect of fuel held steady, a sign that broadening price pressure will keep the central bank on track to raise interest rates further. A Reuters poll, however, showed inflation in Tokyo – …
Japan’s core inflation slows on fuel subsidies, demand-driven pressure intact Read More »
By Yoruk Bahceli and Naomi Rovnick (Reuters) – Traders raised their bets on quick-fire European Central Bank rate cuts on Thursday, taking the bank’s first consecutive rate cut in 13 years as a green light from policymakers that a speedier easing cycle has begun. A worsening economic outlook and signs that inflation is increasingly under …
Traders bet the ECB’s rate-cut floodgates are open Read More »
BEIJING (Reuters) – China’s central bank governor said on Friday the reserve requirement ratio for commercial lenders could be cut further by 25 to 50 basis points by the year-end depending on liquidity conditions, keeping the door open to more policy easing steps. The benchmark seven-day reverse repurchase rate has been lowered by 20 basis …
China cenbank chief flags more interest rate cuts Read More »
