April 2024 – Page 8 – UAG Trade Asia

S.Koreas Public Finances no Longer Credit Rating Strength, Fitch

April 26, 2024
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SEOUL, April 26 Reuters South Korea39;s public finances are no longer a strength for its sovereign credit rating but are now a neutral factor requiring nearterm efforts to contain the rise in debt, global ratings agency Fitch said. We39;ve seen a bit of a deterioration in public finance metrics over the past five or six […]

April 26, 2024
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BEIJING, April 26 Reuters China on Friday passed a law leaving its biggest trade partners in no doubt that it can hit back should they put tariffs on the exports of the world39;s No.2 economy as Washington and Brussels take aim at Beijing over excess industrial capacity. The Tariff Law, which was approved by China39;s […]

April 26, 2024
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HONG KONG, April 26 Reuters Hong Kong39;s private home prices reversed a 10month falling streak in March, climbing 1.1 from February, after the financial city lifted curbs to boost the ailing property market. The increase in home prices in one of the world39;s most expensive property markets followed a revised 1.7 fall in February, official […]

April 26, 2024
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FRANKFURT, April 26 Reuters Euro zone lending continued to stagnate in March and consumers trimmed their inflation expectations as recordhigh borrowing costs kept putting the brakes on the euro zone39;s economy, European Central Bank ECB reports showed on Friday. The data was likely to cement the ECB39;s plan to start cutting interest rates in June after seeing […]

April 26, 2024
Business
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HOUSTON, April 26 Reuters Exxon Mobil Corp on Friday missed analysts39; estimates with a 28 yearonyear drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a 60 billion deal for top shale oil producer Pioneer Natural […]

April 26, 2024
Business
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BENGALURU, April 26 Reuters HCLTech, India39;s No.3 IT services player, reported a smallerthanexpected fourthquarter revenue on Friday amid decelerating tech spending among clients due to macrooverhang. The company posted a 7.1 rise in revenue to 284.99 billion rupees 3.42 billion for the three months ended March 31, compared with average analysts39; estimates of 286.07 billion […]

April 26, 2024
Business
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Anglo says offer significantly undervalues the company BHP shares close 4.6 lower in Australia Some investors say higher price needed to seal a deal Anglo shares rise 5.7 on Elliott stakebuilding LONDON, April 26 Reuters Anglo American rejected rival miner BHP Group39;s 31.1 billion pound 39 billion takeover proposal on Friday, saying the bid significantly undervalued the […]

April 26, 2024
Business
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Shares up 4 in early trade In talks on further 30 stake Deal expected to close this year BERLIN, April 26 Reuters Thyssenkrupp will sell a 20 stake in its steel business to EP Corporate Group EPCG, the investment vehicle of Czech billionaire Daniel Kretinsky, as part of its drive to revamp the business, lifting its […]

April 26, 2024
Business
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AMSTERDAM, April 26 Reuters CVC Capital Partners said on Friday it had set the final price for its initial public offering IPO at 14 euros 15.02 per share, at the middle of its announced range. The company had offered shares at a price range of 13 to 15 euros, with trading due to start on Euronext […]

April 26, 2024
Business
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BENGALURU, April 26 Reuters Tech Mahindra shares jumped 13.2 on Friday, their biggest intraday gain in nearly eight years, after India39;s No.5 IT company announced a turnaround plan that offered succour following declining revenue growth for the past three quarters. The stock was up 8.6 at 1,292.25 rupees as of 11.48 a.m. IST, leading gains on […]

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S.Koreas Public Finances no Longer Credit Rating Strength, Fitch

China Passes Tariff Law as Tensions with Trading Partners Simmer

Hong Kong Mar Home Prices Up 1.1, First Rise in nearly Year

Lending and Consumer Data Cements Case for ECB Rate Cuts

Exxon Misses on Q1 Profit Despite Big Gains in Guyana

Indias HCLTech Misses Q4 Revenue Estimates on Weak Services Vertical

Anglo American Rejects BHPs 39 Billion Takeover Proposal

Thyssenkrupp to Sell 20 of Steel Business to Kretinskys EPCG

CVC Sets IPO Price at 14 Euros per Share, Middle of Range

Indian IT Firm Tech Mahindras Shares Jump most in 8 Y on Turnaround Plan

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