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China Evergrande shares firm after chairman vows full construction, no fire sales

China Evergrande shares firm after chairman vows full construction, no fire sales

© Reuters. FILE PHOTO: A partially removed company logo of China Evergrande Group is seen on the facade of its headquarters in Shenzhen, Guangdong province, China January 10, 2022. REUTERS/David Kirton HONG KONG (Reuters) -Shares of China Evergrande Group jumped on Thursday after the chairman of the world’s most indebted property developer said it would…

National Australia Bank shares rise as profit jumps 9% on robust lending

National Australia Bank shares rise as profit jumps 9% on robust lending

© Reuters. FILE PHOTO: A National Australia Bank (NAB) sign is displayed outside an office building in central Sydney, Australia, July 24, 2015. REUTERS/David Gray By Byron Kaye and Shashwat Awasthi (Reuters) -National Australia Bank Ltd, the country’s No. 2 lender, posted a bigger-than-expected jump in first-quarter profit on Thursday as a robust property market…

Indonesia’s fiscal support should be tapered as economy recovers-Finance Minister

Indonesia’s fiscal support should be tapered as economy recovers-Finance Minister

© Reuters. FILE PHOTO: Indonesian Finance Minister Sri Mulyani Indrawati talks during the IMF conference in Jakarta, Indonesia February 27, 2018. REUTERS/Beawiharta By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – As Indonesia’s economy recovers from the pandemic, fiscal stimulus should no longer be a dominant factor driving growth, its finance minister said on Wednesday,…

Surging inflation spurs demand for once rare linker bonds

Surging inflation spurs demand for once rare linker bonds

© Reuters. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo By Dhara Ranasinghe, Saikat Chatterjee and Davide Barbuscia LONDON (Reuters) -Almost overnight, inflation-linked bonds have become the hot ticket in global financial markets, pitting banks against hedge funds in…

U.S. December trade data reveals massive shortfall in China’s ‘Phase 1’ purchases

U.S. December trade data reveals massive shortfall in China’s ‘Phase 1’ purchases

© Reuters. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China, as the coronavirus disease (COVID-19) outbreak continues, October 19, 2020. REUTERS/Aly Song/File Photo By David Lawder WASHINGTON (Reuters) – U.S. goods exports to China fell in December, cementing a massive shortfall in Beijing’s two-year purchase commitments under the “Phase…