ASXPAC

Asia shares bank on eventual China opening; oil gains

https://tmsnrt.rs/2zpUAr4 China shares push higher, dollar slips More Chinese cities ease coronavirus controls Cap on Russia oil comes into effect, impact uncertain SYDNEY, Dec 5 (Reuters) – Asian shares extended their rally on Monday as investors hoped steps to unwind pandemic restrictions in China would eventually brighten the outlook for global growth and commodity demand, …

Asia shares bank on eventual China opening; oil gains Read More »

Foxconn expects COVID-hit China plant back to full output in late Dec-early Jan -source

TAIPEI, Dec 5 (Reuters) – Apple supplier Foxconn (2317.TW) expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January, a Foxconn source said on Monday, after worker unrest disrupted the world’s biggest iPhone factory. The Zhengzhou plant has been grappling with strict COVID-19 restrictions that have fueled discontent …

Foxconn expects COVID-hit China plant back to full output in late Dec-early Jan -source Read More »

Crypto exchange Gemini is trying to get $900 million back from crypto lender Genesis, Financial Times reported.

December 3 (Reuters) – Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe $900 million to clients of the Winklevoss twins crypto exchange Gemini, the Financial Times reported on Saturday. Citing sources, the newspaper said that crypto exchange Gemini was trying to get the funds back after Genesis went astray due to …

Crypto exchange Gemini is trying to get $900 million back from crypto lender Genesis, Financial Times reported. Read More »

Saudi Exchange launches market-making framework to boost liquidity

DUBAI, Dec 4 (Reuters) – Saudi Arabia’s stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure liquidity and raise price-determination efficiency. Entities must be exchange members, derivatives exchange members or their clients to be market makers. “Market Makers have to ensure the availability of …

Saudi Exchange launches market-making framework to boost liquidity Read More »

EU to adapt state aid schemes in response to US subsidy package, von der Leyen says

BRUSSELS, Dec 4 (Reuters) – The EU will adapt its state aid rules to prevent an exodus of investment triggered by a new US green energy subsidy package, the bloc’s chief executive said on Sunday. “Competition is good … but this competition must respect a level playing field,” European Commission President Ursula von der Leyen …

EU to adapt state aid schemes in response to US subsidy package, von der Leyen says Read More »

OPEC+ maintains stable policy amid weakening economy and Russia’s oil ceiling

No discussion about the ceiling price in Russia – delegates Oil prices come under pressure from weak economy Next meetings will be held on 1 February 1 and 3-4 June LONDON/DUBAI, Dec 4 (Reuters) – OPEC+ agreed to stick to oil production targets at its meeting on Sunday, as oil markets struggled to assess the …

OPEC+ maintains stable policy amid weakening economy and Russia’s oil ceiling Read More »

Russia says it won’t accept oil price cap and is preparing response

Dec 3 (Reuters) – Russia “will not accept” a price cap on its oil and is analyzing how to respond, the Kremlin said in comments reported on Saturday, in response to a deal by Western powers aimed at limiting a key source of funding for its war in Ukraine. Kremlin spokesman Dmitry Peskov said Moscow …

Russia says it won’t accept oil price cap and is preparing response Read More »

IPO market nearly paused, but exchange leaders expect 2023 boost

NEW YORK, Dec 1 (Reuters) – A global slowdown in initial public offerings due to heightened market volatility and a regulatory cloud over new listings from China has created pent up demand that could lead to an IPO boom in 2023, industry executives told the Reuters NEXT conference. Global IPOs hit record-high levels in 2021, …

IPO market nearly paused, but exchange leaders expect 2023 boost Read More »