India’s Coffee Day to sell Bengaluru tech park to Blackstone, cut debt
Coffee Day Enterprises Ltd said on Wednesday it planned to sell a tech park it owned in the southern Indian city of Bengaluru to Blackstone for up to 30 billion rupees ($421 million), in an effort to cut debt.
Global stocks take fright as recession warnings grow
European stocks fell on Wednesday as Germany’s economy went into reverse, reviving fears of global recession and tempering a rally for equities after Washington delayed tariffs on some Chinese imports.
China’s economy worsens in July, industrial growth at 17-year low as trade war escalates
China’s economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers.
StanChart eyes $100 billion private bank assets in growth push, to hire bankers
Standard Chartered is targeting growing its private banking assets by 50% to about $100 billion in three to five years and will hire dozens of bankers in Hong Kong and Singapore toward that goal, a senior executive of the lender said.
Asian stocks cheer Trump’s delay of some China tariffs
Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil.
Anbang’s Japan properties up for sale, Blackstone seen bidding: sources
China’s troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company’s plans said.
Asian stocks bounce in relief as Trump delays China tariffs
Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil.
U.S. aviation regulator bans select MacBook Pro laptops from flights
U.S. Federal Aviation Administration (FAA) has banned certain models of Apple Inc’s MacBook Pro laptops on flights, after the company recalled select units which had batteries posing fire risks.
Stocks bounce, safe havens retreat as Trump delays China tariff
Asian shares joined a global equities rally and safe-haven government bonds pulled back on Wednesday, after Washington delayed tariffs on some Chinese imports in much-needed relief for markets gripped by political and economic turmoil.
Lower fees, snazzy branches: Hong Kong banks gird for online-only onslaught
Hong Kong’s biggest banks are set to cut fees, boost digital services and jazz up branches with features such as touch-screen display panels to meet competition from new online-only lenders in one of the world’s most profitable banking markets.
