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2 weeks ago | 
gurutrade.com | Farah Master |Yukun Zhang |Rachna Uppal
HONG KONG/BEIJING, April 8 (Reuters) - China's regulatory body for state assets said on Tuesday it would support central government-owned companies to increase their stock holdings and share buybacks to mitigate the impact of an escalating global trade war on the country's stock market.
Several Chinese state-owned companies, including oil giant Sinopec, have already announced plans to buy back shares to bolster investor confidence.
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3 weeks ago | 
today.westlaw.com | Louise Heavens |Rachna Uppal |Tommy Wilkes |Ludwig Burger
FRANKFURT (Reuters) -German prosecutors have fined asset manager DWS 25 million euros ($27 million) after a lengthy probe found the firm guilty of greenwashing, or making misleading statements about its environmental and social investing credentials....
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1 month ago | 
gurutrade.com | Asif Shahzad |Himani Sarkar |Rachna Uppal
ISLAMABAD, March 25 (Reuters) - Pakistan's inflation is likely to remain steady in March, in the 1% to 1.5% range, the country's finance ministry said in its monthly economic outlook, after slowing to its lowest level in almost a decade the previous month.
However, inflation could edge up slightly in April to the 2% to 3% range, the report, released on Tuesday, indicated.
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1 month ago | 
gurutrade.com | Clare Jim |Rachna Uppal
Liquidation hearing adjourned to April 28
Houlihan Lokey, Sidley Austin appointed as restructuring advisors
$30 million loan to be included in new restructuring -lawyer
Some developers may now focus on onshore debt restructuring
HONG KONG, March 24 (Reuters) - China Sunac has become the first Chinese property developer to plan a second restructuring of its offshore debt.
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1 month ago | 
gurutrade.com | Manvi Pant |Andrew Heavens |Rachna Uppal
March 18 (Reuters) - Sri Lanka's economy grew 5% last year, official data showed on Tuesday, beating forecasts, and marking a strong rebound from the country's worst financial crisis in decades,
The economy grew 5.4% in the fourth quarter, the Census and Statistics Department said in a statement.
The International Monetary Fund had forecast Sri Lanka would grow by 4.5% in 2024.
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1 month ago | 
gurutrade.com | Chandini Monnappa |Mrigank Dhaniwala |Rachna Uppal
March 17 (Reuters) - Drugmaker AstraZeneca has agreed to buy biotechnology company EsoBiotec for up to $1 billion, it said on Monday, seeking to accelerate the development of its cell therapy capabilities, particularly for cancer and autoimmune diseases.
‚ÄčAstraZeneca has been actively expanding its cell therapy capabilities, particularly in oncology, through internal developments as well as strategic acquisitions.
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1 month ago | 
datamarnews.com | Federico Maccioni |Sherry Jacob-Phillips |Rachna Uppal
DP World, a Dubai-owned ports and logistics company, reported a 28% fall in annual profit on Thursday, partly due to higher finance costs, and highlighted that global trade uncertainties and geopolitical risks were clouding its outlook. Profit attributable to the owners, after separately disclosed items, dropped to $591 million from $820 million a year earlier, DP World said in a statement.
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1 month ago | 
gurutrade.com | Patturaja Murugaboopathy |Gaurav S Dogra |Rachna Uppal
March 10 (Reuters) - Japanese investors increased bond purchases in February due to a fall in yields overseas, but retreated from foreign equities on concerns over U.S. President Donald Trump's tariffs plans and the potential impact on global growth from trade distortions.
Investors bought a net 3.45 trillion yen ($23.44 billion) in overseas bonds last month, marking the highest monthly purchase since August 2024.
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1 month ago | 
today.westlaw.com | Karin Strohecker |Ros Russell |Marc Jones |Rachna Uppal
LONDON (Reuters) -Ukraine's international bonds tumbled to their lowest level in more than a month on Monday after the clash between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump last week doused hopes of Kyiv securing...
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1 month ago | 
gurutrade.com | Gabriel Araujo |Rachna Uppal |Louise Heavens
SAO PAULO, Feb 26 (Reuters) - Brazilian brewer Ambev on Wednesday reported a 7.5% increase in its fourth-quarter adjusted net profit despite a decline in total volumes, driving its shares higher even as it flagged that volatility will "remain a reality" in 2025.
WHY IT'S IMPORTANT
Ambev is one of Brazil's biggest firms and has large operations in the Americas. It is a subsidiary of Anheuser-Busch InBev, the world's largest brewer by volume, which reported group results earlier in the day.
