Morning Bid: China gives markets another reason to cheer
A look at the day ahead in European and global markets from Rae Wee Asian markets rallied on Thursday, defying weakness overnight on Wall Street as optimism over China’s latest…
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Australia’s Qantas says rolling engineer strikes not expected to disrupt flights
(Reuters) – Australia’s Qantas Airways said rolling aircraft maintenance engineer strikes that began on Thursday in Melbourne and are set to continue for two weeks across the country are not…
M&A seen slowing ahead of US elections after uneven third quarter
By Anirban Sen NEW YORK (Reuters) – Dealmakers are bracing for a slowdown in global mergers and acquisitions in the fourth quarter as companies postpone pursuing big targets ahead of…
China to give one-off handouts to needy
BEIJING (Reuters) – China will distribute a one-time allowance to disadvantaged people ahead of a national holiday next week, a government statement said. The value of the handouts was unspecified…
Investors remain bullish on EM, Asia most preferred- HSBC survey
Investing.com– Investors remained bullish on emerging markets, an HSBC survey showed, with Asian currencies being the most preferred asset class in the sector in the face of falling U.S. interest…
Canada makes it easier for mortgage borrowers to switch lenders
(Reuters) – Canada’s banking regulator said on Wednesday it will make it easier for borrowers to switch banks when they renew their mortgages by eliminating a rule that industry players…
China weighs injecting $142 billion of capital into top banks, Bloomberg News reports
HONG KONG (Reuters) – China is considering injecting up to 1 trillion yuan ($142.39 billion) of capital into its biggest state banks to increase their capacity to support the struggling…
Healthcare firm Guardian Pharmacy raises $112 million in US IPO
(Reuters) -Guardian Pharmacy, which provides pharmacy services to long-term healthcare facilities, raised $112 million in its U.S. initial public offering on Wednesday, valuing the company at $869.3 million. The Atlanta,…
Asian stocks defy Wall St selloff, charged by dogged China optimism
By Rae Wee SINGAPORE (Reuters) – Asian stocks bucked the global trend to extend a rally on Thursday, fuelled by persistent optimism over China’s aggressive stimulus package, although there were…
Dollar firm following sharp rebound as Fed speakers eyed
By Kevin Buckland TOKYO (Reuters) – The dollar held firm on Thursday following its sharpest rally since early June as traders looked ahead to speeches from key Federal Reserve policy…