Focus
HSBC said to explore sale of South Africa units to focus on Asia
HSBC Holdings is weighing a sale of its South African businesses as the lender focuses on Asian markets, according to people with knowledge of the matter.
The South African branch...
Cocoa climbs as traders focus on crop prospects in West Africa
COCOA futures in New York rose to the highest price since late July, breaking out of last week’s largely rangebound trading.The most-active contract climbed as much as 7.2 per...
US: Wall St opens flat with focus on Jackson Hole
Wall Street’s main indexes opened flat on Monday (Aug 19) after clocking their best week of the year, while investors looked ahead to Federal Reserve Chair Jerome Powell’s speech...
Tencent’s buyback plan in focus as Chinese tech rivals catch up
INVESTORS will scrutinise any comments from Tencent Holdings about its buyback plans during on Wednesday’s (Aug 14) quarterly results announcement as its competitors catch up with its spending levels.Tencent...
Shopify soars as AI focus powers quarterly beat, bullish forecast
SHOPIFY beat analysts’ estimates for second-quarter results and forecast upbeat sales growth on Wednesday (Aug 7) as its AI-enabled tools attracted more merchants to its e-commerce services, sending its...
PBOC to step up support for economy, shifts focus to consumption
CHINA’S central bank said the country’s banks have to do more to foster the real economy in its latest effort to reignite the country’s flagging consumption. The People’s Bank...
India’s RBI must retain focus on food inflation, economists say
A TOP Indian government adviser’s suggestion that policymakers cut out volatile food prices while targeting inflation met with scepticism from many economists, who say it’s inappropriate to ignore the...
Bank of Japan likely to focus on cutting 10-year bond buying, data suggest
A PLANNED cut to the Bank of Japan’s (BOJ) bond purchases will probably focus on seven- to 10-year notes, data on the BOJ’s debt portfolio suggest.The monetary authority’s holdings...
