By Chen Lin SINGAPORE (Reuters) – The overseas unit of China’s biggest hotpot chain Haidilao expects to return to profit this year, after posting almost 80% year-on-year growth in revenue for 2022 late on Thursday. Haidilao International Holding’s overseas unit, Super Hi International Holding, posted revenue of $558.2 million and a net loss of $41.3 …
Chinese top hotpot chain’s overseas unit sees profit this year Read More »
BANGKOK (Reuters) – Thailand’s economy is expected to grow by 3.6% this year, up from 2.6% last year, supported by stronger private consumption, a recovery in the tourism sector and strong pent-up demand following China’s reopening, the World Bank said on Friday. The 2023 outlook was unchanged from a forecast in December, and compared with …
World Bank maintains Thailand’s 2023 growth outlook at 3.6% Read More »
By Sinéad Carew NEW YORK (Reuters) – Stock indexes advanced on Thursday but finished below their session highs while the dollar declined as investors turned their focus to upcoming inflation data and the outlook for interest rate hikes. Longer-dated U.S. Treasury yields fell ahead of personal consumption expenditures (PCE) data due out Friday. Economists polled …
PEKÍN, 31 mar (Reuters) – La actividad no manufacturera de China se expandió por tercer mes consecutivo en marzo, mostraron el viernes datos oficiales, lo que sugiere que la fuerte recuperación del sector servicios está en marcha este año. El índice oficial de gerentes de compras (PMI) del sector no manufacturero se ubicó en 58,2 …
Crecimiento de la actividad no manufacturera china se extiende en marzo Read More »
PEKÍN, 31 mar (Reuters) – La actividad manufacturera de China se expandió a un ritmo más lento en marzo, mostraron datos oficiales el viernes, lo que sugiere que las esperanzas de una fuerte recuperación económica tras el COVID están flaqueando en medio de una demanda mundial más débil y una continua caída del mercado inmobiliario. El …
Actividad manufacturera china se expande a un ritmo más lento en marzo Read More »
By Lewis Jackson SYDNEY (Reuters) -Prime Minister Anthony Albanese said on Friday he would welcome lifting the minimum wage to match inflation, although his government’s submission to an independent wage-setting body did not go so far as to recommend a specific increase. The government submission recommended real wages for low-paid workers “do not go backwards” …
Australian PM says would welcome inflation-matching minimum wage rise Read More »
By Twinnie Siu and Scott Murdoch (Reuters) -E-commerce firm JD.com Inc is planning to spin off its property and industrial units and list them on the Hong Kong stock exchange in deals worth $1 billion each, two people with direct knowledge said on Friday. The plan marks the latest revamp in the Chinese technology sector …
China’s JD.com to spin off industrial, property units in $1 bn Hong Kong floats Read More »
(Reuters) -French drugmaker Sanofi has started a process to turn its India consumer healthcare business into a listed entity via a demerger, the Economic Times newspaper reported on Friday. The company is working with Bank of America on the spin-off process, ET reported, citing people familiar with the matter. Sanofi India did not immediately respond …
Sanofi looks to spin off consumer business in India – ET Read More »
NEW DELHI (Reuters) – Air India is carving out an ambitious renaissance under the Tata Group conglomerate, which regained control last year after the airline was nationalised nearly seven decades ago. 2022 June 15 – Campbell Wilson, the New Zealand-born former CEO of Singapore Airlines budget offshoot Scoot takes over as Air India CEO. July …
Air India’s plans to modernise under new owner Tata Read More »
SEOUL (Reuters) -South Korea’s top financial regulator on Friday called on the country’s major banking groups to cooperate with the government’s efforts to help cut borrowing costs for vulnerable people. “There have been efforts made in the financial sector to lower interest rates on new loans, but those efforts need to continue for more people …
S. Korea calls for lenders’ cooperation to lower borrowing costs Read More »
