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…
Investing
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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…
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,…
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…
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…
Vietnam govt says SpaceX plans $15 billion investment in country
HANOI (Reuters) -Elon Musk’s SpaceX plans to invest $15 billion in Vietnam, the Vietnamese government said in a statement on Thursday. The statement came after a meeting in New York…
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…
Australia central bank warns households against over-borrowing once rates fall
SYDNEY, Sept 26 (Reuters) – Australia’s central bank on Thursday cautioned borrowers against taking on excessive debt when interest rates start to fall and risking a boom/bust cycle, though it…
Barbados PM Mottley calls for new World Bank emergency liquidity facility
By Andrea Shalal NEW YORK (Reuters) – Barbados will call for creation of a new World Bank finance facility to provide emergency liquidity to climate-vulnerable countries in a third version…