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Mainland Banks Plunge on Goldman Sachs Downgrade

Mainland Banks Plummet on Hong Kong Stock Market Shanghai/Hong Kong – In a significant development, mainland banks experienced a sharp decline in the Hong Kong stock market on Thursday. The cause for concern was sparked by Goldman Sachs’ decision to downgrade its investment positions regarding Agricultural Bank of China and several others. On the 5th […]

Saudi Aramco, last year’s net profit increased by 46% year on year, the highest | Reuters

Saudi Arabia’s state-owned oil company Saudi Aramco posted a record net profit of $161.1 billion in 2022, up 46% from the previous year, according to a report released on March 12. Prices were Soaring energy, increased sales, and expanded refining margins provide tailwinds. FILE PHOTO: An oil facility in Abqaiq, Saudi Arabia, December 2019. REUTERS/Maxim […]

China Evergrande, tentative proposal for offshore bond restructuring Exchange with shares of Hong Kong listed subsidiary | Reuters

On the 29th, China Evergrande Group announced a tentative policy of presenting a restructuring proposal including a stock exchange of two affiliated companies for foreign currency debts that have not been paid. Pictured is China Evergrande headquarters building. FILE PHOTO: Shenzhen, China January 2022. REUTERS/David Kirton [香港 29日 ロイター] – China Evergrande Group, a major […]

Column: Euro falls near US dollar equivalent, deepening worries ECB | Reuters

[London 12th Reuters BREAKINGVIEWS]–It seems that the possibility that the euro will fall below parity against the dollar is gradually increasing. In fact, falling below 1 euro = 1 dollar would be a symbolic milestone for those who have observed the history of the single currency euro. It seems likely that the euro will fall […]

Column: Brexit’s Political Role Disappears with Johnson’s Exit | Reuters

[London 7th Reuters BREAKINGVIEWS]–Brexit (Britain’s European Union = Brexit) was the driving force behind Boris Johnson’s position as British Prime Minister. And the pain created by such a line was highlighted during Mr. Johnson’s tenure as Prime Minister, which was full of turmoil for about three years. His absence does not save Britain from the […]

Column: “Gas is in the ruble”, Putin’s true aim is | Reuters

[London 31st Reuters BREAKINGVIEWS]–Russian President Vladimir Putin is trying to “fish” the leaders of European countries. Putin insisted a week ago that Russia’s natural gas had to be paid in rubles instead of euros. On March 31, Russian President Vladimir Putin is trying to “fish” the leaders of European countries. The photo is Mr. Putin […]

Evergrande China to announce debt restructuring plan by the end of July | Reuters

China’s real estate developer, Evergrande Group, which has a large amount of debt and is in financial difficulty, announced on the 22nd that it will announce a debt restructuring plan by the end of July. Taken in September 2021 (2022 Reuters / Aly Song) [Beijing / Hong Kong, 22nd Reuters]–China’s real estate developer, Evergrande Group, […]