‘Hong Kong 47’: Reaction to jailings of democrats in landmark national security trial
By Jessie Pang and James Pomfret HONG KONG (Reuters) -Hong Kong’s High Court on Tuesday sentenced 45 leading democrats to jail terms of up to 10 years in what critics say is a major blow to the financial hub’s rule…
Beijing pledges support for more Chinese listings, bond issues in Hong Kong
By Selena Li and Kane Wu HONG KONG (Reuters) -Beijing will support more high-quality enterprises from China to list and issue bonds in Hong Kong, China’s Vice Premier He Lifeng said on Tuesday, offering backing to the city at a…
China expected to leave benchmark lending rates unchanged on Wednesday
SHANGHAI (Reuters) – China is widely expected to leave its benchmark lending rates unchanged on Wednesday, a Reuters poll showed, as rate cuts a month earlier squeeze banks’ profitability and the yuan comes under fresh pressure as Donald Trump returns…
Rothschild launches wealth management office in Dubai to tap wealth influx
By Federico Maccioni DUBAI (Reuters) – Rothschild has launched a wealth management office in Dubai to boost its offering to local clients as well as wealthy individuals in the region, it said on Tuesday, following other financial institutions tapping into…
Nestle to cut at least $2.8b of costs by 2027, boost marketing under CEO Freixe
By Richa Naidu VEVEY (Reuters) – Nestle (NS:NEST) will boost advertising and marketing, trim costs by at least $2.8 billion by 2027, and carve out its water and premium drinks businesses into a standalone global unit, as it looks to…
EM stocks rally; Manila, Bangkok up on rate-cut bets
By Sneha Kumar (Reuters) -Emerging Asian stock markets rallied on Tuesday, with Bangkok and Manila trading higher on expectations of rate cuts in the near future, while Singapore stocks hit a 17-year high. Thailand stocks gained as much as 1.3%…