Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Asia"


25 mentions found


At her confirmation hearing on Tuesday, Yellen said the benefits of a big stimulus package to counter the coronavirus pandemic were greater than the expenses of a higher debt burden. Investors in European equities welcomed the comments, with the Euro STOXX 600 climbing 0.5%, gathering steam in morning trading. On Wall Street, Nasdaq futures gained 0.8%, as Netflix jumped 12% after the close on strong growth in subscribers and projections it will no longer need to raise debt. DEFENSIVE DOLLARThe dollar slipped for a third straight session after Yellen’s comments, losing ground from a one-month high. International benchmark Brent futures rose 0.5% to $56.37 per barrel.
Persons: Janet Yellen, Yellen, Hang Seng, Joe Biden, , Shaniel Ramjee, Biden, , Ebrahim Rahbari, Giuseppe Conte, Conte Organizations: Treasury, MSCI’s, U.S, Pictet Asset Management, U.S . Treasury, Nasdaq, Netflix, Capitol, Brent Locations: Japan Asia, Frankfurt, Paris, London, Asia, MSCI’s Asia, Japan, U.S
FILE PHOTO: A logo for TMX Group, which operates the Toronto Stock Exchange, in Toronto, Ontario, Canada April 27, 2018. After TMX expanded into European hours in 2018, derivatives trading from the region contributed between 6% and 10% of volumes in 2020, he said. International peers with global trading have 15% to 30% of total volumes coming from after-hours sessions. They also get as much as 60% of derivatives trading flow from outside their home markets, versus 40% at TMX, McKenzie said. Even so, recent political turmoil and uncertainties in the United States make Canada more attractive to global investors who view its stability and strong regulation as a plus, Zoican said.
Persons: Chris Helgren TMX, John McKenzie, “ We’ve, ” McKenzie, TMX, McKenzie, , , Colin Stewart, JC Clark, Willis Towers Watson, Marius Zoican, Stewart, Zoican Organizations: TORONTO, TMX Group, Toronto Stock Exchange, REUTERS, TSX Venture Exchange, Montreal Exchange, Reuters, , Singapore Exchange Ltd, Intercontinental Exchange, Hong Kong Exchanges, Ltd, Revenues, Willis, , University of Toronto, Statistics Canada Locations: Toronto , Ontario, Canada, Asia, Pacific, Japan, TMX, Europe, United States
UPDATE 1-FTSE 100 flat as stronger pound weighs; miners jump
  + stars: | 2021-01-20 | by ( Shivani Kumaresan | ) www.reuters.com sentiment -0.98   time to read: +2 min
BHP Group Ltd climbed 1.1% after it forecast record iron ore production for fiscal 2021, helped by high prices for the commodity. The FTSE 100 index slipped 0.1%. The FTSE 100 has recorded consistent monthly gains since November, supported by hopes of a vaccine-led economic recovery, but has recently lost steam as tighter business restrictions sparked fears of a slow rebound. Global education group Pearson jumped 7.2% after its global online sales grew 18% in 2020, helped by strong enrolments in virtual schools. WH Smith Plc rose 5.9% to the top of the FTSE 250 index as its trading during Christmas was ahead of its expectations.
Persons: Boris Johnson, Joe Biden, Pearson, eyeing Joe Biden’s, Janet Yellen’s, Joe Biden’s, Republicans ’, , Jeffrey Halley, , Biden, WH Smith Organizations: BHP, BHP Group, U.S, Treasury, Republicans, OANDA, , Burberry, Global, WH, WH Smith Plc Locations: Rio Tinto, American, Asia, Pacific
Regional currencies strengthened as the dollar backed away from a one-month high, with the South Korean won, Singapore dollar and Thai baht trading around 0.2% higher against the greenback. In Malaysia, the ringgit traded at 4.042 per dollar, in line with levels seen in morning trade, after the country's central bank kept its overnight policy rate at a record low of 1.75%. Indonesian stocks were the top gainers in regional equity markets, while the rupiah also ticked up 0.2% ahead of its own central bank meeting on Thursday. Bank Indonesia will likely keep interest rates steady at 3.75%, a Reuters poll showed, with analysts pointing to the central bank facing the need to keep rate differentials attractive for foreign investors after a recent rise in U.S. bond yields. Philippine shares pared some losses by afternoon trade, but ended lower for a fourth consecutive day, while stocks in Thailand dipped.
Persons: Shriya Ramakrishnan, Janet Yellen, Malaysia's, BNM, Duncan Tan, Joe Biden, Shriya, Arun Koyyur Organizations: Treasury, South Korean, Singapore, Bank Negara Malaysia, DBS Bank, . Bank Indonesia, Capitol Nusantara Indonesia Tbk, FTSE, Public Bank Bhd, CIMB, Holdings Locations: Malaysia, Bank, Kuala Lumpur, U.S, Thailand, Jakarta, Indonesia, FTSE Bursa Malaysia Kl, Asia, Japan, China, India, Philippi, Taiwan, Bengaluru
Tech, luxury stocks drive European shares higher
  + stars: | 2021-01-20 | by ( Amal S | Sruthi Shankar | ) www.reuters.com + 0.98   time to read: +2 min
(Reuters) - European stocks rose on Wednesday after chip equipment maker ASML and Swiss luxury group Richemont gave encouraging earnings updates, while investors hoped for a big U.S. fiscal relief package as Joe Biden takes over as the next president. ASML Holding NV rose 2.4% after it posted better-than-expected fourth-quarter sales and said it had seen a strong order intake for 2021. Luxury stocks got a boost after Richemont posted a 5% increase in quarterly sales, led by strong growth at its jewellery brands in Asia Pacific and the Middle East. The group’s stock rose 1.3%, rival Swatch Group gained 1.1%, while Britain’s Burberry jumped 4.5% after it posted a sales growth of 11% in Asia Pacific in the third quarter. Among other stocks, Germany’s Hugo Boss added 5.8% after Mike Ashley-led Frasers said it boosted its stake in the company.
Persons: Joe Biden, Kai Pfaffenbach, , Connor Campbell, Richemont, Britain’s Burberry, Campbell, Janet Yellen, Giuseppe Conte, Germany’s Hugo Boss, Mike Ashley, Frasers Organizations: Reuters, REUTERS, ASML, Technology, Nasdaq, Swatch Group, Treasury, Telia, Nordic Locations: Frankfurt, Germany, Asia Pacific, China, Washington
Luxury stocks, ASML lift European shares in early trading
  + stars: | 2021-01-20 | by ( Reuters Staff | ) www.reuters.com + 0.91   time to read: +1 min
The pan-European STOXX 600 index gained 0.2% in early trading. Luxury stocks gave the biggest boost after Richemont posted a 5% increase in quarterly sales, led by strong growth at its jewellery brands in Asia Pacific and the Middle East. The group’s stock rose 4.8%, rival Swatch Group gained 2.9%, while Britain’s Burberry jumped 4.4% after earnings update. Germany’s Hugo Boss added 4.6% after Mike Ashley-led Frasers said it boosted its stake in the company. ASML Holding NV rose 2.1% after it posted better-than-expected sales for the fourth quarter and said it had seen a strong order intake for 2021.
Persons: ASML, Joe Biden, Janet Yellen, Richemont, Britain’s Burberry, Germany’s Hugo Boss, Mike Ashley, Frasers, Giuseppe Conte, Amal S, Shailesh Kuber Organizations: Treasury, Swatch Group, ASML, Italy’s Locations: Asia Pacific, Bengaluru
England soccer star Rashford nets younger buyers for Burberry
  + stars: | 2021-01-20 | by ( Sarah Young | ) www.reuters.com sentiment -1.00   time to read: +2 min
LONDON (Reuters) - Burberry stuck to its full-year goals on Wednesday after a media campaign fronted by high-profile English soccer star and social justice advocate Marcus Rashford drew a younger clientele to the British luxury brand. FILE PHOTO: People wearing protective masks walk past a Burberry store at Covent Garden, following the outbreak of the coronavirus disease (COVID-19) in London, Britain June 15, 2020. REUTERS/John SibleyHigher full-price sales would boost annual margins and Asian demand remained strong, Burberry said, while warning that it could suffer more sales disruption from COVID-19 lockdowns. Manchester United striker Rashford, 23, has won plaudits for his campaign to help ensure that poorer children do not go hungry with schools closed during the pandemic. This would make Britain a less attractive destination for luxury shopping when tourism returns after the pandemic, Burberry said, adding that it would try to mitigate the effect.
Persons: Burberry, Marcus Rashford, John Sibley, Rashford, ” Burberry Organizations: Burberry, REUTERS, John Sibley Higher, Manchester United, Citi, European Locations: Covent, London, Britain, China, South Korea, Europe, East, India, Africa, lockdowns, Asia Pacific
Cartier and Asia help Richemont quarterly sales rise 5%
  + stars: | 2021-01-20 | by ( Silke Koltrowitz | ) www.reuters.com + 0.92   time to read: +1 min
ZURICH (Reuters) - Richemont, maker of brands Cartier and Van Cleef & Arpels, on Wednesday posted a 5% increase in quarterly sales led by strong growth at its jewellery brands in Asia Pacific and the Middle East. FILE PHOTO: High-end jewellery is displayed at a Cartier store on Place Vendome in Paris, France, July 2, 2019. Richemont, the world’s second biggest luxury group behind LVMH, said sales at constant exchange rates grew 5% in the company’s third quarter, while sales at current rates rose 1% to 4.19 billion euros ($5.09 billion). It said it had seen strong growth in Asia Pacific with China up 80%, while Dubai in the Middle East had benefited from resumed tourist spending. Jewellery brands Cartier and Van Cleef & Arpels posted 14% growth, while watch brands were down 4%.
Persons: Van Cleef, Richemont’s Cartier, Tiffany, Richemont, Julius Baer, Arpels, , Rene Weber, Kepler, Jon Cox Organizations: Cartier, Vendome, REUTERS, Regis, Jewellery Locations: ZURICH, Asia Pacific, Paris, France, Geneva, China, Dubai, Maisons, Europe
At her confirmation hearing on Tuesday, she said the benefits of a big stimulus package are greater than the expenses of a higher debt burden. “There will be a large-scale fiscal spending. Hong Kong’s Hang Seng rose 1.0% to edge near its 2019 peak while Australian shares added 0.4%, reaching a record high . U.S. crude futures inched up 0.3% to $53.15 a barrel while international benchmark Brent futures rose 0.3% to $56.09 per barrel. “The ongoing economic recovery, near-term headwinds relating to the virus aside, will be further supported by increased fiscal spending,” said Brendan Mulhern, strategist for the BNY Mellon Global Real Return Strategy at Newton Investment Management.
Persons: Janet Yellen, Joe Biden, , Yoshinori Shigemi, Donald Trump, Biden, Yasutada Suzuki, Brendan Mulhern, Organizations: Japan Asia, Nasdaq, Netflix, U.S, Treasury, Fidelity International, MSCI’s, Japan’s Nikkei, Capitol, Sumitomo Mitsui Bank, Brent, BNY Mellon, Newton Investment Management Locations: TOKYO, MSCI’s Asia, Japan, U.S, .
FOREX-Dollar squeezed anew as stimulus hopes brighten mood
  + stars: | 2021-01-20 | by ( Tom Westbrook | ) www.reuters.com + 0.00   time to read: +4 min
Positioning data shows investors overwhelmingly short dollars as they figure budget and current account deficits will weigh on the greenbacks. The euro was steady on the pound and held gains against the yen. The safe-haven yen had been sold broadly as risk sentiment improving mood on Tuesday, but caution in Tokyo, where equities slipped, supported it against the dollar. Elsewhere in Asia, Malaysia's central bank was due to the announce the outcome of its policy review at 3 p.m (0700 GMT). Nine of 15 economists polled by Reuters expect it will cut benchmark interest rates to historic lows.
Persons: Tom Westbrook SINGAPORE, Joe Biden's, Janet Yellen, Terence Wu, Nomura, Sterling, China's, Tom Westbrook, Lincoln, Simon Cameron, Moore Organizations: U.S ., Treasury, New, OCBC Bank, South Korean, Bank of, People's Bank of, Reuters, RIC Locations: Asia, Italy, Germany, Washington, Tokyo, People's Bank of China, Hong Kong, Canada, Singapore
Emerging Asian currencies firmed as U.S. Treasury Secretary nominee Janet Yellen's push for a hefty fiscal relief package knocked the dollar index from a one-month high and lifted appetite for riskier assets. The Singapore dollar, South Korean won and Thai baht advanced between 0.2% and 0.3% against the greenback. Kuala Lumpur's benchmark stock index was up 0.8%, and the ringgit held on to a tight range ahead of the central bank meeting later in the day. Indonesian shares were the top gainers among regional equity markets, boosted by strength in financial stocks. Philippine shares also trailed, with the index down more than 1% and headed for a fourth straight day of losses.
Persons: Shriya Ramakrishnan, Janet Yellen's, Sophia Ng, MUFG, Ng, Frances Samorano, Shriya, Ana Nicolaci da Organizations: Treasury, Singapore, South Korean, greenback, Kuala, Reuters, Bank Negara Malaysia, VN, RCBC Securities, Capitol Nusantara Indonesia Tbk, FTSE, Public Bank Bhd, Corporation Locations: Asia, Bank, Philippines, Southeast Asia, Jakarta, Indonesia, FTSE Bursa Malaysia Kl, Japan, China, India, Malaysia, Philippi, Taiwan, Thailand, Bengaluru, Ana Nicolaci da Costa
Breakingviews - Elliott’s HK exit reflects Asia activist reality
  + stars: | 2021-01-20 | by ( Jennifer Hughes | ) www.reuters.com sentiment -0.95   time to read: +2 min
REUTERS/Mike BlakeHONG KONG (Reuters Breakingviews) - Hedge funds are prized for a cold-hearted ability to follow the money. Yet an activist wave across Asia in recent years has largely passed by China and its offshore fundraising hub. In Hong Kong Elliott is best known for a six-year-long ongoing campaign to shake up $6 billion Bank of East Asia, a family-controlled lender whose shares have halved in that time. There were just 17 public campaigns in all of China and Hong Kong combined. China’s concentrated shareholdings and corporate culture that shuns criticism doesn’t suit the usually public efforts of Elliott and other activists.
Persons: Paul Singer, Mike Blake HONG KONG, Elliott, James Smith, Hong Kong Elliott, China’s, Hong Organizations: Elliott Management Corporation, REUTERS, Reuters, of East Locations: Laguna Beach , California, U.S, Hong Kong, Asia, China, Tokyo, London, Hong, of East Asia, Japan
U.S. withdrawal from the TPP was a 'geopolitical gift' to China, fellow says
  + stars: | 2021-01-20 | by ( ) www.cnbc.com sentiment -0.94   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. withdrawal from the TPP was a 'geopolitical gift' to China, fellow saysThe Trans-Pacific Partnership (TPP) had been a way to anchor the United States' presence in East Asia to ensure the region did not get dominated by China, says Kishore Mahbubani, distinguished fellow at the Asia Research Institute, National University of Singapore.
Persons: Kishore Mahbubani Organizations: Pacific, Asia Research Institute, National University of Singapore Locations: China, United States, East Asia
Chinese President Xi Jinping (R) shake hands with U.S Vice President Joe Biden (L) inside the Great Hall of the People on December 4, 2013 in Beijing, China. Taking office during the worsening coronavirus pandemic, a global economic downturn and a deeply divided America, soon-to-be President Joe Biden has his work cut out for him in 2021. But the biggest wildcard on the world stage will be the U.S.'s relationship with China, says Dan Yergin, veteran energy industry expert and vice chairman of analytics firm IHS Markit. "The number one geopolitical issue is the relationship between the U.S. and China," Yergin told CNBC's Hadley Gamble during the Atlantic Council's virtual Global Energy Forum on Tuesday. It's not like the Soviet-American cold war, because these economies are so interdependent," Yergin, who has written several books on geopolitics, said.
Persons: Xi Jinping, Joe Biden, Dan Yergin, Yergin, CNBC's Hadley Gamble Organizations: of, IHS, U.S, Global Energy, Soviet Locations: Beijing, China, America, U.S, Soviet, Southeast Asia, Soviet Union
After a terrible 2020, oil and gas equities are set to soar, according to Bank of America's lead US oil and gas researcher. But Doug Leggate, Bank of America's lead US oil and gas researcher, says we've actually been here before. Doug Leggate, Bank of America's top oil and gas analyst. Brent is already nearing $60 a barrel — close to Bank of America's price target for the second quarter of the year. As for peak oil demand, Leggate says that's a longer-term concern — and not something that's likely in the next two to three years.
Persons: Doug Leggate, we've, who's, Brent, Leggate, we're, What's, isn't, that's, We've Organizations: Bank, Bank of America, Bank of, Exxon Mobil, Occidental Petroleum, Marathon Petroleum, Exxon, Speedway Locations: Asia, Saudi Arabia, Venezuela, Kyoto, Bank, Cavan, Guyana
For state and local governments, the pandemic has brought financial gloom: Tax collections are down, public health expenses are up and their infrastructure backlog is growing. The fiscal challenges could spur new ways for the private sector to collaborate with state and local governments. The partnerships have been used for projects in parts of Asia, Australia, Britain, Canada and other parts of Europe. But state and local governments in the United States have been slower to embrace them. As their fiscal woes become worse, some government officials are looking more closely at them as a tool to jump-start their economies.
Organizations: Public Locations: Asia, Australia, Britain, Canada, Europe, United States
LONDON/TOKYO (Reuters) - World shares gained on Wednesday on expectations of hefty U.S. spending after U.S. Treasury Secretary nominee Janet Yellen urged lawmakers to “act big” to save the economy and worry about debt later. Indexes in Frankfurt and Paris were both up a similar amount, though London shares were flat. The buoyant mood mirrored that in Asia, where MSCI’s Asia-Pacific index outside Japan rose 0.8% to its highest ever. On Wall Street, Nasdaq futures gained 0.6%, as Netflix jumped 12% after the close on strong growth in subscribers and projections it will no longer need to raise debt. International benchmark Brent futures rose 0.7% to $56.31 per barrel.
Persons: Janet Yellen, Kim Kyung, Hoon, Yellen, Hang Seng, Joe Biden, , Shaniel Ramjee, Biden, Giuseppe Conte, Conte, Brendan Mulhern Organizations: Treasury, Nikkei, REUTERS, MSCI’s, U.S, Pictet Asset Management, U.S . Treasury, Nasdaq, Netflix, Capitol, Brent, BNY Mellon, Newton Investment Management Locations: TOKYO, Tokyo, Japan, Frankfurt, Paris, London, Asia, MSCI’s Asia
Stocks welcome Yellen's call to 'act big' on coronavirus spending
  + stars: | 2021-01-19 | by ( Tom Wilson | ) www.reuters.com + 0.00   time to read: +4 min
LONDON (Reuters) - World shares gained on Wednesday on bets of hefty U.S. spending after U.S. Treasury Secretary nominee Janet Yellen urged lawmakers to “act big” to save the economy and worry about debt later. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. Indexes in Frankfurt and Paris were up 0.5% and 0.2% respectively, though London shares were flat. On Wall Street, Nasdaq futures gained 0.8%, as Netflix jumped 12% after the close on strong growth in subscribers and projections it will no longer need to raise debt. International benchmark Brent futures rose 0.5% to $56.37 per barrel.
Persons: Janet Yellen, Toby Melville, Yellen, Hang Seng, Joe Biden, , Shaniel Ramjee, Biden, , Ebrahim Rahbari, Giuseppe Conte, Conte Organizations: Treasury, London Stock Exchange Group, City of, REUTERS, MSCI’s, U.S, Pictet Asset Management, U.S . Treasury, Nasdaq, Netflix, Capitol, Brent Locations: City, City of London, Britain, Frankfurt, Paris, London, Asia, MSCI’s Asia, Japan, U.S
Equities and oil jump, bonds dip as Biden takes office
  + stars: | 2021-01-19 | by ( David Randall | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. The buoyant mood mirrored that in Asia, where MSCI’s Asia-Pacific index outside Japan rose 1% to its highest ever. The jump in risk assets came as the United States officially passed 400,000 deaths from the coronavirus since the pandemic began. The U.S. death toll last week topped 23,000, setting a new record for the third week in a row. Oil prices rose on hopes that Biden’s proposed stimulus will lift economic output.
Persons: Toby Melville, Janet Yellen, Hang Seng, Joe Biden, , Shaniel Ramjee, Giuseppe Conte, Conte, Brent Organizations: YORK, Treasury, Biden, London Stock Exchange Group, City of, REUTERS, MSCI’s, U.S, Pictet Asset Management, U.S . Treasury, Wall, Dow Jones, Nasdaq, Capitol Locations: U.S, China, United States, City, City of London, Britain, Asia, MSCI’s Asia, Japan
Slideshow ( 3 images )WASHINGTON (Reuters) - Retired Army General Lloyd Austin said on Tuesday that he would work to rid “racists and extremists” from the ranks of the U.S. military and focus strategically on Asia if ultimately confirmed as President-elect Joe Biden’s defense secretary. “If confirmed, I will fight hard to stamp out sexual assault, to rid our ranks of racists and extremists, and to create a climate where everyone fit and willing has the opportunity to serve this country with dignity,” Austin said in his confirmation hearing.
Persons: Lloyd Austin, Joe Biden’s, , ” Austin Organizations: Army, U.S . Locations: WASHINGTON, Asia
“On my mortgage, I had to put the wrong gender, because they wouldn't let me select my actual gender,” Box told NBC News. LGBTQ people and advocates are gearing up to hold Biden to his promises in the first 100 days of his presidency. Others want him to immediately undo the ban on transgender people serving in the military and a variety of other Trump administration policies that rolled back protections for LGBTQ people. For instance, the Trump administration removed references to LGBTQ people from federal agency websites. “All of these steps that have been taken by the Trump administration were really focused on effectively erasing LGBTQ people, trying to suggest that LGBTQ people don't exist,” David said.
Persons: , “ I've, it's, Joe Biden’s, Biden, Trump, Mitch McConnell, ” Mara Keisling, McConnell, , Alphonso David, , ” David, ” Keisling, Heather McNama, Nyman, Nancy Nyman, Nancy Nyman Nancy Nyman, David, Kamal Fizazi, Fizazi, Bostock, VII, Keisling, they're, Organizations: NBC News, Democratic, Republican, Democrats, White House, American Civil Liberties Union, Democrat, National Center, Trans, Human Rights, of Housing, Urban Development, of Health, Human, Department of Health, Human Services, Human Rights Watch, Trump, Biden, Civil, Obama, Trans Lifeline, Twitter, Facebook Locations: Dallas, Texas, U.S, America, Ky, Los Angeles, New York City, Africa, East, Southeast Asia, United States, Clayton County , Georgia
“I believe this genocide is ongoing, and that we are witnessing the systematic attempt to destroy Uighurs by the Chinese party-state,” Pompeo said in a statement. China has been widely condemned for its Xinjiang complexes, which it describes as “vocational training centers” to stamp out extremism. The rare U.S. determination follows intensive internal debate after Congress passed legislation on Dec. 27 requiring the U.S. administration to determine within 90 days if China had committed crimes against humanity or a genocide. Biden’s campaign declared, before the Nov. 3 U.S. election, that genocide was occurring in Xinjiang. Faith leaders, and activists have said crimes against humanity, including genocide, are taking place.
Persons: Trump, , Mike Pompeo, Joe Biden, Thomas Peter, Pompeo, , ” Pompeo, Donald Trump’s, Daniel Russel, Biden, Barack Obama, Adrian Zenz Organizations: WASHINGTON, U.S, REUTERS, Chinese Communist Party, China’s, Asia, Biden, . Security, Faith, U.S . State Department, Islamic, Trump Locations: China, Xinjiang, Beijing, Huocheng County, Xinjiang Uighur Autonomous Region, U.S, Washington, , United States, Bosnia, Rwanda, Iraq, Darfur, Sudan, Myanmar
“Those facilitating the illegitimate Maduro regime’s attempts to circumvent United States sanctions contribute to the corruption that consumes Venezuela,” Treasury Secretary Steven Mnuchin said in a news release. It said the “principal actors” were Alessandro Bazzoni, Francisco D’Agostino and Philipp Apikian, as well as oil trading firms including Elemento Ltd and Swissoil Trading SA. Washington first imposed sanctions on PDVSA limiting its oil sales in early 2019, which cut off its main destination for exports, the United States. The measure was followed last year by sanctions on two units of PDVSA’s main trading partner, Russia’s Rosneft, as well as shipping sanctions blacklisting tankers involved in the transportation. Venezuela’s information and oil ministries, PDVSA, Libre Abordo, Schlager and Elemento did not immediately reply to requests for comment.
Persons: Nicolas Maduro, regime’s, Steven Mnuchin, , Alessandro Bazzoni, Francisco D’Agostino, Philipp Apikian, Russia’s, Swissoil, Joaquin Leal Jimenez, Olga Maria Zepeda, Veronica Esparza, Elemento, Leal, Esparza, Tuesday’s, Tareck El, Alex Nain Saab Moran, El Aissami, Saab, Bazzoni, Apikian, Maximo, INEA Organizations: MEXICO CITY, U.S . Treasury Department, , Treasury, Foreign Assets Control, Elemento, Swissoil Trading SA, Washington, U.S . FBI, Schlager Business Group, Libre, Saab, PDVSA, Ship Management, Management Locations: CARACAS, MEXICO, United States, Venezuelan, Asia, American, Washington, Venezuela, Mexico, PDVSA, D’Agostino, Cape Verde ., Swissoil, Cape Verde, Ukraine, Sierra
Hedge fund Elliott Management to shutter Hong Kong office
  + stars: | 2021-01-19 | by ( Svea Herbst-Bayliss | ) www.reuters.com sentiment -0.99   time to read: +2 min
(This January 19th story corrects size of Elliott office in fourth paragraph to 40 from 100)BOSTON (Reuters) - U.S. hedge fund Elliott Management, known for its activist bent, is closing its 20-strong office in Hong Kong after moving responsibility for Asian investment decisions to London and Tokyo over the past three years. The 44-year-old firm told investors the Hong Kong workforce was being moved to London and Tokyo, a person familiar with the matter said on Tuesday. The Hong Kong closure does not signal a shift in investment priorities, the source said, however. Few have publicly moved operations staff after the new measure, however, and financial regulators in Hong Kong, which returned to Chinese rule in 1997, said it would not affect companies’ operations. Elliott’s move, first reported by the Financial Times newspaper, leaves it with offices in the United States, London and Tokyo.
Persons: Elliott, Elliott’s Organizations: Elliott Management, Bank of East Asia, BEA, SoftBank Group Corp, Unizo Holdings Co Ltd, Electronics Inc, Alps Electric Co, Financial Times Locations: BOSTON, Hong Kong, London, Tokyo, Japan, United States
Regional equities gained further by early afternoon with MSCI's broadest index of Asia-Pacific shares outside Japan up more than 1%. Bourses in India, Taiwan and Thailand gained between 1% and 2%. South Korea's KOSPI jumped 2.6% recovering from its worst fall in near three months on Monday. The benchmark index has surged more than 7% so far this month following a 30% jump in 2020. Adding to the positive mood, South Korea's vice finance minister also said the government will soon unveil additional measures to revitalise consumption.
Persons: Shriya Ramakrishnan, Korea's KOSPI, Janet Yellen's, Stephen Innes, Tbk, Shriya, Shailesh Kuber Organizations: Korean, Hyundai Motor, Samsung Electronics, Treasury, Biden, U.S ., Wall Street Journal, South Korean, Singapore, South, Steel Pipe Industry, Indonesia Tbk, SETI, King Wai Group Thailand PCL, Thai Film Industries PCL Locations: Asia, Pacific, Japan, Bourses, India, Taiwan, Thailand, U.S, United States, Malaysian, South Korea, Jakarta, Indonesia, China, Malaysia, Philippi, Bengaluru
Total: 25