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18 May

Pakistan opens talks with IMF seeking more cash to aid economy

Pakistan opened long-delayed talks with the International Monetary Fund on Wednesday, seeking the release of more funds from a $6 billion rescue package agreed in 2019 to help shore up the South Asian nation's battered economy.

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18 May

Tencent profit halves, revenue flat, as ad sales slump

HONG KONG (Reuters) -China's Tencent posted a quarterly profit that had halved from a year ago and recorded no revenue growth, its worst performance since it went public, warning that advertisers in consumer, eCommerce and travel businesses had slashed spending.

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18 May

Singapore Airlines narrows annual loss, says outlook improving

(Reuters) -Singapore Airlines Ltd (SIA) on Wednesday posted a narrower annual loss of S$962 million ($694.08 million), at a time when demand remained low due to the pandemic, but said the outlook was improving as travel restrictions were lifted.

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18 May

Japan set to allow foreign Toshiba bids if they comply with security rules

Japan will not block foreign investors from buying industrial giants such as Toshiba Corp provided they comply with rules that govern the handling of sensitive infrastructure and technology, Japan's economic security minister said.

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18 May

ABN Amro shares fall as money-laundering provision boosts costs

(Reuters) -Dutch bank ABN Amro beat first-quarter earnings expectations on Wednesday but higher-than-expected costs, including new anti-money laundering provisions, weighed on the company's shares which dropped around 10%.

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18 May

Futures slip after sharp Wall Street rally

U.S. stock index futures edged lower on Wednesday following a sharp rally in megacap growth stocks in the previous session that fizzled out on fears of aggressive monetary policy tightening and slowing economic growth.

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18 May

Indonesia hopes new programme will help lower cooking oil prices

Indonesia's trade minister on Wednesday said he expected prices of cooking oil would stabilise after a programme to distribute subsidised supplies reaches 10,000 locations across the country.

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