Sumeet Chatterjee

3 weeks ago | today.westlaw.com | Selena Li |Tomasz Janowski |Sumeet Chatterjee

HONG KONG (Reuters) -Citigroup is cutting up to 200 information technology (IT) contractor roles in China, two people familiar with the matter said, as the bank looks to hire its own staff globally for such operations to improve risk management and...

4 weeks ago | today.westlaw.com | Stephen Coates |Kane Wu |Sumeet Chatterjee

HONG KONG (Reuters) -U.S. investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value the business at over $4 billion, two people with knowledge of the situation said.

1 month ago | gurutrade.com | Sumeet Chatterjee |Kate Mayberry

HONG KONG, April 30 (Reuters) - Hong Kong's bourse operator on Wednesday posted a 37% jump in first quarter profit to record its best ever quarterly performance, helped by a sharp increase in securities trading and listing activities in the Asian financial hub. The profit attributable to shareholders of Hong Kong Exchanges and Clearing Ltd (HKEX) rose to HK$4.08 billion ($526 million) in the March quarter, up from HK$2.97 billion a year ago, its earnings statement showed.

1 month ago | today.westlaw.com | Selena Li |Sumeet Chatterjee |Edwina Gibbs

HONG KONG (Reuters) - China has been looking at allowing Western firms such as Citadel Securities and Jane Street to act as market makers in its rapidly growing exchange-traded...

2 months ago | gurutrade.com | Ziyi Tang |Ryan Woo |Sumeet Chatterjee |Himani Sarkar

Banks raise consumer loan rates to at least 3% Top lenders have warned of growing personal bad loans Higher rates could deter China's consumption push, analysts warn BEIJING, April 1 (Reuters) - Some Chinese banks have started raising interest rates amid growing bad consumer loans in a dramatic U-turn just weeks after slashing them to unprecedented lows, a move that is expected to weigh on Beijing's efforts to stimulate a sluggish economy.