MADRID, May 21 (Reuters) – Spanish holding company Criteria plans to raise its stake in Telefonica (TEF.MC), opens new tab to 10%, matching the government’s recently acquired stake in the telecoms company, news website El Confidencial reported on Tuesday, citing unidentified sources. Criteria, which is Caixabank’s (CABK.MC), opens new tab largest shareholder with a stake of more than 30%, […]
TORONTO, May 21 (Reuters) – Canadian banks are expected to set aside money for challenging days, which will hurt quarterly earnings, as investors await commentary on how the lenders will navigate a prolonged high interest-rate environment that has dented credit growth. The big six banks, which control about 90% of the total banking assets in […]
HONG KONG, May 21 (Reuters) – U.S. investment giant Carlyle group (CG.O), opens new tab said on Tuesday it had raised 430 billion yen ($2.8 billion) for its fifth Japan buyout fund, its largest investment vehicle for Japan. Strong demand and backing from domestic and global investors helped it raise nearly 70% more than its previous fund, […]
Hong Kong stocks declined by the most in five weeks, pulling back from 10-month highs as Li Auto’s earnings fell short of market expectations and sparked concerns about corporate financial performances in the world’s second largest economy. The Hang Seng Index lost 2.1 per cent to 19,220.62 at the close of trade on Tuesday, the biggest retreat […]
Hong Kong-traded share of Chinese dual-listed companies are at their smallest discounts to their counterparts on the mainland in 15 months, reflecting the strong momentum in the city’s US$5.4 trillion equity market that has already entered a bull market. An index compiled by Hang Seng Indexes, which tracks the price difference between the mainland Chinese […]
Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock market, has named former Securities and Futures Commission (SFC) chairman Carlson Tong Ka-shing, a veteran accountant and market regulator, as its new chairman. Tong was elected by the board on Wednesday to succeed Laura Cha Shih May-lung, who retires after a six-year term. Source: […]
May 17 (Reuters) – U.S. equity funds attracted significant inflows in the seven days to May 15, fuelled by expectations of Federal Reserve rate cuts following subdued U.S. jobs data and a softer-than-anticipated inflation reading. Investors pumped a net $5.78 billion into U.S. equity funds, the most in a week since March 20, data from LSEG showed. U.S. […]
May 19 (Reuters) – The Federal Reserve and two other U.S. regulators are moving toward a new plan that would significantly reduce a nearly 20% mandated increase in capital for the country’s biggest banks following lobbying efforts by industry CEOs like JPMorgan Chase’s (JPM.N), opens new tab Jamie Dimon, the Wall Street Journal reported on Sunday. Required […]
SINGAPORE/HONG KONG, May 20 (Reuters) – Asia-Pacific investment firm PAG said on Monday it had raised $550 million for its first renewable energy fund, which focuses on investments in physical assets in Asia and includes solar power in Japan as its primary target. PAG, which manages more than $55 billion of capital ranging from private […]
May 17 (Reuters) – Global equity funds experienced strong demand for the third consecutive week, in the seven days to May 15, bolstered by a softer U.S. jobs report and lower-than-expected inflation figures, which increased expectations that the Federal Reserve may begin cutting rates this year. Investors purchased a net $10.27 billion worth of global equity funds during […]