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China to Revise Law for Tighter Scrutiny of Govt Debt

November 1, 2024
Finance
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BEIJING, Nov 1 Reuters China aims to step up supervision of government debt and plans to revise the law to do so, a spokesperson of the legislative affairs committee of the National People39;s Congress NPC said on Friday. The changes proposed by the NPC39;s standing committee will require annual progress reports on debt management work […]

November 1, 2024
Finance
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HONG KONG, Nov 1 Reuters Hong Kong39;s securities regulator finalised its guidelines on confidential information communications ahead of share placements and large securities transactions known as block trades after collecting industry feedback. The new rules, which will become effective on May 2, 2025, detail the procedures by which brokers disclose confidential information to investors to […]

November 1, 2024
Finance
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EURUSD EURUSD is on the way for the first weekly positive closing after four consecutive weeks of loss. EURUSD was little changed today at 1.0875. Such a positive performance was mainly due to weaker USD, more than strength of EZ fundamentals. Inflation in EZ increased by 2 YoY in September, higher than before of 1.7, […]

November 1, 2024
Finance
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JOHANNESBURG, Nov 1 Reuters South Africa39;s rand was weaker in early trade on Friday ahead of a purchasing managers39; index PMI for the domestic manufacturing sector, while global investors geared up for U.S. jobs data for hints on the Federal Reserve39;s interest rate path. At 0823 GMT, the rand traded at 17.65 against the U.S. […]

November 1, 2024
Finance
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STOXX 600 up 0.5 Swiss CPI up 0.6 Reckitt cleared of liability in formula case; shares jump Nov 1 Reuters European shares climbed on Friday, buoyed by a rally in energy stocks, but remained on track for their worst week in nearly two months as a tightly contested U.S. presidential election kept investors on edge. […]

November 1, 2024
Business
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BEIJING, Oct 31 Reuters Chinese tech giant Huawei HWT.UL reported a drop in net profit despite a jump in revenue on Thursday for the first nine months of the year, a statement to the Shanghai Clearing House showed. The firm recorded a 13.7 drop in ninemonth net profit to 62.9 billion yuan 8.83 billion for […]

November 1, 2024
Business
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Oct 31 Reuters Norwegian Cruise Line Holdings joined rival Royal Caribbean in raising its annual profit forecast for a fourth time on Thursday, encouraged by record quarterly revenue and advance ticket sales for 2025. Cruise operators marked robust onboard purchases and resilient demand for their vacation experiences this quarter as consumer spending in the U.S. increased at its fastest pace […]

November 1, 2024
Business
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LONDON, Oct 31 Reuters Financial companies in Britain must prepare to ensure they can deliver business services in severe but plausible scenarios, such as a global tech outage, to minimise any impact on consumers and markets, the markets regulator said on Thursday. In a statement outlining what lessons could be learned after U.S. cybersecurity firm CrowdStrike39;s […]

November 1, 2024
Business
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MILAN, Oct 31 Reuters Italy39;s biggest bank Intesa Sanpaolo on Thursday promised to add a sizeable share buyback to dividend payments on its 2024 results, after it beat expectations with its thirdquarter profit and upgraded its guidance for next year. A 10 yearly rise in net fees at Intesa, whose business is geared towards wealth management […]

November 1, 2024
Business
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Hydro says Northvolt no longer financing Hydrovolt JV Hydro39;s stake in Hydrovolt now at 62, up from 50 Hydrovolt recycles batteries STOCKHOLM, Oct 31 Reuters Norway39;s Hydro said on Thursday it is now solely financing the Hydrovolt battery recycler which it set up with joint venture partner Sweden39;s Northvolt. The Norwegian group recently raised its stake […]

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China to Revise Law for Tighter Scrutiny of Govt Debt

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