Business

Analysis-Once investor darlings, Australian banks get reality check on mortgage change

Wednesday, May 27 by SRN News

By Scott Murdoch and Christine Chen SYDNEY, May 27 (Reuters) - A looming slowdown in mortgage lending, higher provisions for souring loans and rising interest rates are darkening the outlook for Australian banks, pushing investors away from their once-favoured stocks. The Australian banking sector outperformed the... Read More.

AkzoNobel rejects takeover offer from Nippon Paint, Sherwin-Williams

Wednesday, May 27 by SRN News

By Dimitri Rhodes May 27 (Reuters) - Dulux paint maker AkzoNobel has rejected a cash takeover offer of €73 ($85) per share from rivals Nippon Paint and Sherwin-Williams, the Dutch company said on Wednesday, sending its shares 16% higher. The offer price represented a premium... Read More.

China’s market regulator fines Luxshare for Wingtech deal violation

Wednesday, May 27 by SRN News

BEIJING, May 27 (Reuters) - China's market regulator has fined Luxshare Precision Industry 900,000 yuan ($133,000) for unlawful implementation of acquisition of some business of Wingtech Technology, it said in a statement on Wednesday. • The State Administration for Market Regulation said Luxshare, a key... Read More.

Iran war splits global markets into clear winners and losers

Wednesday, May 27 by SRN News

LONDON, May 27 (Reuters) - Three months since the Iran war began, persistently high oil prices have policymakers grappling with renewed inflation fears, while sliding currencies are a headache for some Asian countries. But the conflict has boosted other assets, especially oil, and the dollar's... Read More.

EU governments clear US trade deal legislation

Wednesday, May 27 by SRN News

By Philip Blenkinsop BRUSSELS, May 27 (Reuters) - European Union governments cleared legislation on Wednesday to remove import duties on many U.S. goods, an EU source with knowledge of their meeting said, a move that should avert President Donald Trump's threat of higher tariffs on... Read More.

AustralianSuper says possible Glencore listing on ASX would be positive

Wednesday, May 27 by SRN News

By Helen Clark and Melanie Burton PERTH, May 27 (Reuters) - Pension fund AustralianSuper on Wednesday said if Glencore decides to list shares on the Australian Securities Exchange, it would be "positive" for both the bourse and the Swiss-based commodities trader and miner. "If they were... Read More.

Hong Kong watchdog raids local units of two Chinese brokerages, sources say

Wednesday, May 27 by SRN News

May 27 (Reuters) - Hong Kong securities regulator has raided the local arms of two major Chinese brokerages as it investigates suspected misconduct tied to share offerings, sources said, the latest move by authorities to ramp up policing of an IPO boom in... Read More.

Job ad for shepherds goes viral in China exposing labour market strains

Wednesday, May 27 by SRN News

By Liangping Gao and Marius Zaharia May 27 (Reuters) - Chinese farm owner Zuo Xiaoyong was stunned to see his job ad for shepherds to work in the remote and rugged grasslands south of Mongolia becoming the day's top trending social media post. More than 700... Read More.

‘Business as usual’: Fakes, piracy thrive in Vietnam as US tariff deadline nears

Wednesday, May 27 by SRN News

By Khanh Vu and Francesco Guarascio HANOI, May 27 (Reuters) - At a sprawling bazaar on the outskirts of Vietnam's capital, the trade in counterfeit goods is bustling despite government crackdowns and the threat of U.S. tariffs over the issue, two visits by Reuters journalists... Read More.

US antitrust regulators poised to approve Paramount’s takeover of Warner Bros, Semafor reports

Wednesday, May 27 by SRN News

May 26 (Reuters) - U.S. antitrust regulators appear ready to approve Paramount's $110 billion takeover of Warner Bros. Discovery, after a two-hour meeting at the Justice Department, Semafor reported on Tuesday, citing people familiar with the matter. At the meeting, Paramount CEO David Ellison... Read More.

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Current Weather

Analysis-Once investor darlings, Australian banks get reality check on mortgage change

AkzoNobel rejects takeover offer from Nippon Paint, Sherwin-Williams

China’s market regulator fines Luxshare for Wingtech deal violation

Iran war splits global markets into clear winners and losers

EU governments clear US trade deal legislation

AustralianSuper says possible Glencore listing on ASX would be positive

Hong Kong watchdog raids local units of two Chinese brokerages, sources say

Job ad for shepherds goes viral in China exposing labour market strains

‘Business as usual’: Fakes, piracy thrive in Vietnam as US tariff deadline nears

US antitrust regulators poised to approve Paramount’s takeover of Warner Bros, Semafor reports

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