Author Archives: Syndicated Content
China's Midea Group to price shares at top of range in Hong Kong listing, sources say
By Scott Murdoch SYDNEY (Reuters) - Chinese home appliance maker Midea Group is set to price shares at the top of an indicative range to raise at least $3.46 billion in a Hong Kong listing, said three...
Thomson Reuters Sep 11, 2024
Services' grip on UK economy tightens as manufacturing share ebbs further
By Andy Bruce (Reuters) - Britain's shift towards a services-dominated economy is accelerating, pushing manufacturing's share of economic output to a historic low and setting the nation apart from its...
Thomson Reuters Sep 11, 2024
Indonesia's dwindling middle class seen dimming economic outlook
By Stefanno Sulaiman KARAWANG, Indonesia (Reuters) - Rahmat Hidayat lost his job when the shoe factory he worked for closed down last year in the industrial town of Karawang in Indonesia's West Java. ...
Thomson Reuters Sep 11, 2024
Indian importers favour FX options as rupee holds steady, premiums soar
By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) - Indian importers are exploring options strategies to hedge against currency risks amid muted volatility in the rupee, moving away from outright for...
Thomson Reuters Sep 11, 2024
Goldman Sachs appoints three co-heads of Asia M&A to bolster regional presence
By Kane Wu HONG KONG (Reuters) - Goldman Sachs has appointed Raghav Maliah, Yoshihiko Yano and Ed Wittig as co-heads of mergers and acquisitions in Asia Pacific to expand and deepen deals coverage in ...
Thomson Reuters Sep 11, 2024
Trump Media slumps as Harris victory odds rise after presidential debate
(Reuters) - Shares of Trump Media & Technology Group fell 17% in premarket trading on Wednesday after Democratic candidate Kamala Harris extended her lead over Republican rival Donald Trump in betting...
Thomson Reuters Sep 11, 2024
GSK's experimental HSV vaccine fails to meet main goal in trial
(Reuters) - British drugmaker GSK said on Wednesday its experimental herpes simplex virus (HSV) vaccine candidate failed to meet the main goal of a mid-stage trial and would not be taken forward to a ...
Thomson Reuters Sep 11, 2024
Visa aims for 10-fold rise in Pakistani use of digital payments
By Ariba Shahid KARACHI (Reuters) - Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant's general manager for P...
Thomson Reuters Sep 11, 2024
Huawei's tri-foldable phone stirs Chinese pride but $2,800 price tag panned
BEIJING (Reuters) - Huawei's new tri-foldable smartphone has ignited nationalistic pride in China with social media abuzz with what supporters see as its ability to out-innovate Apple despite U.S. san...
Thomson Reuters Sep 11, 2024
Infineon targets large share of GaN chip market after breakthrough
(Reuters) - German semiconductor maker Infineon said on Wednesday that it would take a large slice of the growing market for gallium nitride (GaN) chips, after announcing a technological breakthrough ...
Thomson Reuters Sep 11, 2024
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