News

U.S. Treasury yields were lower in early U.S. trading on Wednesday, with 30-year yields hovering above their record low set earlier this session, stoked by fears about a recession and trade tensions between China and the United States.

China Construction Bank Corp (CCB) , the country's second-largest lender by assets, on Wednesday posted a 4.9% increase in first-half profit, its filing to the Hong Kong stock exchange showed.

Sterling sustains fresh blow as UK prime minister takes unusual step

Malaysia's largest fund manager Permodalan Nasional Bhd (PNB) appointed a new group chief executive on Wednesday, in the latest management reshuffle at a state-linked firm since Prime Minister Mahathir Mohamad returned to power last year.

* Combined entity will compete with leader Safaricom (Adds regulator, Telkom Kenya comment)

Norway's $1 trillion sovereign wealth fund, the world's largest, should have more freedom to invest in unlisted equities, its manager said on Wednesday, a proposal that could help the fund better capture the growth of U.S. tech firms.

Finance Minister Olaf Scholz has chosen an outspoken critic of Germany's balanced budget goal as his new deputy for parliamentary affairs, government sources told Reuters on Wednesday.

Cosmetics maker Coty Inc reported an 8% fall in quarterly revenue on Wednesday, hurt by sluggish demand in its biggest segment, consumer beauty.

Philippine stocks rose over 1% on Wednesday, recovering from the previous session's sharp fall on hopes of positive news from President Rodrigo Duterte's visit to China, while other Southeast Asian markets were tepid amid lingering trade war worries. The benchmark Manila stock index closed 1.3% higher, helped...

Sterling sustains fresh blow as UK prime minister takes unusual step