SoftBank overseas business chief exits in latest churn

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS / Issei Kato / Register now for FREE unlimited access to Reuters.com Register TOKYO, June 22 (Reuters) – Japan’s SoftBank Group Corp (9984.T) said on Wednesday it has appointed Alex Clavel as chief executive of … Read more

Macao shuts most businesses as Covid cases surge, but casinos stay open

CNN – Macao, the world’s biggest gambling hub, began its second day of mass Covid-19 testing on Monday after dozens of locally transmitted cases were discovered over the weekend. But while most businesses have shut down, casinos remain open. The testing of Macao’s roughly 600,000 residents is expected to end on Tuesday. The Chinese-ruled former … Read more

JD.com Considers a Move Into Competitive Food Delivery Business in China

Text size JD.com stock rose after a company executive said in a TV interview that the Chinese e-commerce giant may move into on-demand food delivery in China. Giulia Marchi / Bloomberg JD.com is considering expanding into on-demand food delivery service, a top executive of the Chinese e-commerce giant said in a Bloomberg TV interview. Such … Read more

Hong Kong’s new govt retains finance chief in sign of continuity

HONG KONG, June 19 (Reuters) – China unveiled on Sunday new top officials in Hong Kong under incoming leader John Lee, who vowed to take the global financial hub to fresh heights, while shrugging off concerns about sanctions the United States has imposed on him . In a sign of continuity for the financial industry, … Read more

Babel Finance suspends withdrawals as crypto markets slump

Representation of cryptocurrency bitcoin is seen in this illustration taken November 29, 2021. REUTERS / Dado Ruvic Register now for FREE unlimited access to Reuters.com Register June 17 (Reuters) – Hong Kong-based Babel Finance temporarily suspended withdrawals and redemption of crypto assets on Friday, as crypto lender scrambles to pay its clients after the recent … Read more

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company- sources

A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS / Aly Song Register now for FREE unlimited access to Reuters.com Register PBOC taking application signals license may come soon – sources Financial holding license to pave way for … Read more

Chinese local govt financing units seek unorthodox route to raise funds

A man works at the construction site of a new financial district in Beijing, China May 23, 2017. REUTERS / Thomas Peter / File Photo Register now for FREE unlimited access to Reuters.com Register Tighter rules prompt LGFVs to seek unconventional funding means Financing efforts skirt regulatory scrutiny Direct financing via the Internet, social media … Read more

Nearly half of Japan firms see weak yen as bad for business – survey

Illustrative picture shows Japanese 10,000 yen bank notes spread out at an office of World Currency Shop in Tokyo in this August 9, 2010 illustrative picture. REUTERS / Yuriko Nakao / File Photo / File Photo / File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, June 14 (Reuters) – Nearly half … Read more

EXCLUSIVE Pakistan finance minister to seek deferred payments for Qatari LNG

Pakistan’s Federal Minister for Finance and Revenue Miftah Ismail speaks during an interview with Reuters at his office, in Islamabad, Pakistan June 11, 2022. REUTERS / Salahuddin / File Photo Register now for FREE unlimited access to Reuters.com Register Pakistan’s FX reserves dwindle as global fuel prices spike Islamabad seeks third long-term LNG supply deal … Read more

IMF still has concerns over Pakistan budget, finance minister says

IMF concerns over fuel subsidies, current account, direct taxes Adjustments can be made to bring IMF onboard – minister Pakistan hopes for staff level agreement with IMF this month ISLAMABAD, June 11 (Reuters) – Pakistan’s finance minister said on Saturday that the International Monetary Fund (IMF) has expressed concern about the country’s recently unveiled budget, … Read more