Edition:
United States

Sumeet Chatterjee

GLOBAL MARKETS-Asia shares weaker on lockdown worries, banking sell-off

Sep 22 2020

HONG KONG/NEW YORK, Sept 22 Asian shares were broadly weaker Tuesday as possible delays in expanded U.S. stimulus and concerns about fresh pandemic lockdowns in Europe dented the recent positive sentiment towards global equity markets.

GLOBAL MARKETS-Stocks down on fresh lockdown worries, banking sell-off; dollar rises

Sep 21 2020

HONG KONG/NEW YORK, Sept 22 Asian shares extended losses for the second day on Tuesday while the dollar rose, as possible delays in expanded U.S. stimulus and concerns about fresh pandemic lockdowns in Europe knocked investor sentiment.

Global banks seek to contain damage over $2 trillion of suspicious transfers

Sep 21 2020

HONG KONG/LONDON Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds over nearly two decades. | Video

As U.S. cracks down on more Chinese firms, global banks scramble to manage risk

Sep 11 2020

HONG KONG The sharp expansion of U.S. actions to hobble Chinese firms in recent weeks has sparked a rush by global lenders to pare back exposure to the companies and to identify others that may become caught in Washington's crosshairs, banking sources said.

Exclusive: Grab in talks with Prudential, AIA for fintech investment - sources

Sep 08 2020

SINGAPORE Southeast Asia's Grab is in advanced talks with Prudential PLC , AIA Group Ltd and others as it seeks $300 million to $500 million in investment for its financial services unit, people with direct knowledge of the matter told Reuters.

Hong Kong financial firms step up compliance hiring amid U.S. sanctions, security law

Sep 03 2020

HONG KONG Financial firms in Hong Kong are scrambling to fortify their compliance operations following U.S. sanctions and China's new national security law, even as the sector pushes to cut costs amid the coronavirus pandemic.

Asia wealth managers pull out all stops to get clients on Ant IPO

Sep 02 2020

HONG KONG/SINGAPORE Wealth managers in Asia are preparing to lend more to their clients and help them raise cash by selling investments to ensure they can get their hands on shares in Chinese fintech giant Ant Group's up to $30 billion IPO, bankers said.

World News