Reuters

By Sumeet Chatterjee and Scott Murdoch

HONG KONG/SYDNEY (Reuters) - Billionaire Richard Li has revived plans to list pan-Asian insurer FWD Group in Hong Kong, said three people with direct knowledge of the matter, after regulatory delay and market volatility scuppered previous attempts to take it public.

Hong Kong-headquartered FWD could target a valuation of up to $9 billion in the initial public offering (IPO) depending on financial... (continue reading...)

HONG KONG (Reuters) - Embattled Country Garden said in a filing on Thursday the Hong Kong High Court had further adjourned a hearing of a petition seeking liquidation of the Chinese property developer to July 29.

The company did not provide a reason for the delay. The hearing was originally adjourned to June 11 from May, as Country Garden had requested more time to prepare evidence.

If Country Garden is able to present progress on the... (continue reading...)

(Reuters) - The U.S. Justice Department and the Federal Trade Commission have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, the New York Times reported on Wednesday, citing people familiar with the matter.

Under the deal, the U.S. Department of Justice will take the lead in investigating whether Nvidia violated antitrust... (continue reading...)

HANOI (Reuters) - Vietnam real estate tycoon Truong My Lan, who was sentenced to death in April in the country's largest financial fraud case on record, illegally transferred money cross the border, the police said late on Wednesday.

The police said an investigation into her transferring money and money laundering has been completed, without giving further details.

State media reports said on Thursday that Lan had illegally transferred... (continue reading...)

A look at the day ahead in European and global markets from Ankur Banerjee

After the Bank of Canada became the first G7 country to cut interest rates, the stage is set for the European Central Bank to lower rates too. But all eyes are sure to be on President Christine Lagarde as traders ponder: what comes next?

While ECB policymakers clearly telegraphed their intention to lower borrowing costs in June, moving well ahead of the U.S. Federal... (continue reading...)