Monday, 15 August 2022

Instant noodle makers ask Thailand for price hike after 14-year peg

Instant noodle makers ask Thailand for price hike after 14-year peg

Instant noodle makers asked Thailand on Monday to allow them to charge more for their products to meet rising costs, potentially paving the way for the first price hike in the staple for 14 years.

More pain or rebound? Investors brace for retail earnings

Walmart Inc and Target Corp kick off retail earnings this week, and what the two biggest U.S. retailers say about consumers will likely set the theme for the rest of the sector and offer clues about the health of the U.S. economy.

As Fed warns of turbulence ahead, markets remove their seat belts

The Federal Reserve's hawkish message on inflation registered quickly in U.S. housing markets this summer as mortgage rates shot up and home sales slowed.

Futures fall as weak China data sparks slowdown fears

U.S. stock index futures fell on Monday, taking cues from global markets, after weak economic data from China rekindled fears of an economic slowdown in the world's second-largest economy.

S&P pushes Sri Lankan bonds deeper into junk territory with 'default' rating

Global ratings agency S&P Global on Monday slashed its rating on Sri Lankan bonds to 'D', representing default, following missed interest and principal payments.

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Chinese NYSE delistings could pave way for audit deal with U.S., analysts say

The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) could pave the way for Beijing to strike an audit deal with the United States, ending a more than decade-old dispute, analysts and advisers said on Monday.

Hong Kong audit watchdog expands probe into Evergrande's unit

Hong Kong's audit regulator said on Monday it has initiated an enquiry into the financial statements of China Evergrande Group's property services unit and its former auditor after questions were raised following the developer's probe into seized deposits worth $2 billion of the unit.

EXCLUSIVE Kimmeridge builds stake in California Resources to push for changes-sources

Kimmeridge Energy Management Company LLC has amassed a stake in California Resources Corp and is pushing the oil and gas producer to make changes that include selling some acreage to real estate developers, people familiar with the matter said.

Morning Bid: Chill from the East

A look at the day ahead in U.S. and world markets by Mike Dolan.

Japan's JAFCO weighs takeover defence against activist

JAFCO Group Co Ltd said on Monday it may introduce a "poison pill" takeover defence after a group of shareholders backed by a prominent activist investor "hinted" they could buy a majority stake in the major Japanese venture capital firm.

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