HONG KONG : Swiss private bank Union Bancaire Privée (UBP) is back in Chinese markets, its chief investment officer said, making its way back to the world’s second-largest economy after withdrawing last year. UBP has more than $150 billion of assets. It returned to China in August after having exited […]
Daily News
SEOUL : South Korean authorities are exploring ways to divert some the domestic pension fund’s foreign currency needs as they try to put a floor under a rapidly weakening won. The country’s central bank is reviewing a currency swap with the National Pension Service to sate the fund’s dollar needs, […]
SYDNEY: Australia is aiming for a stable relationship with China despite differences in particular on trade, Australia’s foreign minister said, as she called on China to use its influence as a great power to help end the war in Ukraine. Australia’s ties with its largest trading partner are at a […]
BOLOGNA: Bologna have appointed former Barcelona midfielder Thiago Motta as their head coach to replace the sacked Sinisa Mihajlovic, the Serie A team’s CEO Claudio Fenucci said on Saturday. Former Genoa boss Motta was most recently in charge of Spezia and will officially take charge of Bologna next week following […]
LONDON: Charles III was formally proclaimed king at a historic, pomp-filled ceremony at St James’s Palace in central London on Saturday. Here is the new king’s declaration to the Accession Council, a centuries-old body of senior British royals, and political and religious leaders: “My Lords, Ladies, and Gentlemen. It is […]
Global equity funds remained out of favour in the seven days to Sept. 7 as a strong U.S. services industry report fuelled concerns that the Federal Reserve would keep hiking interest rates to tame inflation. Some investors had expected that the Fed might temper its rate hikes to avert a […]
MUNICH, Germany : Bayern Munich winger Kingsley Coman will miss Saturday’s Bundesliga game against visiting VfB Stuttgart after picking up an injury in training, coach Julian Nagelsmann said on Friday. Bayern, who beat Inter 2-0 in their Champions League group opener on Wednesday, will look to bounce back after two […]
DUBAI: Iraq has received requests to increase the quantities of crude oil it exports to Asia, the head of state oil marketer SOMO told state news agency INA on Friday. China and India will not give up on Iraqi crude oil even if Russian oil is currently offered to them […]
JOHANNESBERG: Nelson Mandela was on first-name basis with Queen Elizabeth II, a rare privilege contravening royal etiquette, the late anti-apartheid hero’s foundation said Friday, sharing anecdotes of their fond relationship. Queen Elizabeth II, the longest-serving monarch in British history, died aged 96 in her Scottish summer residence on Thursday. “By […]
Tottenham Hotspur striker Harry Kane has set his sights on chasing down Alan Shearer’s all-time Premier League goalscoring record after his two goals against Nottingham Forest moved him up to joint-third in the scoring charts. Kane missed a penalty but netted twice to surpass 200 league goals in his career […]