By Kirsty Needham
SYDNEY (Reuters) - Manasseh Sogavare, the Solomon Islands prime minister who drew his nation close to China, sharpening the United States' focus on the strategic importance of the Pacific Islands, has bowed out of the race for leader after an inconclusive election.
Sogavare is known for his unpredictable diplomacy. He criticised neighbour Australia, snubbed a White House meeting with Pacific leaders because he said he... (continue reading...)
By Clare Jim
HONG KONG (Reuters) - Embattled Chinese property developer Fantasia said on Monday it has entered into a new agreement with its ad hoc group of bondholders to restructure its $4 billion dollar bonds with new notes and equities.
The latest restructuring terms offered by the Shenzhen-based developer, which defaulted its offshore bonds in late 2021, were seen revised down from its first proposal published in early 2023,... (continue reading...)
(Reuters) - Goldman Sachs is in talks to transfer its General Motors credit-card program to Barclays, the Wall Street Journal reported on Monday, citing people familiar with the matter.
(Reporting by Angela Christy in Bengaluru; Editing by Varun H K)
By Summer Zhen
HONG KONG (Reuters) -Six spot bitcoin and ether exchange traded funds (ETFs) gained in their Hong Kong debut on Tuesday, with the three bitcoin ETFs climbing more than 3% in early trade, reflecting Asian investor enthusiasm for cryptocurrencies.
The debuts mark the first launch of spot cryptocurrency ETFs in Asia and come just three months after the U.S. launched its first ETFs to track spot bitcoin.
Spot... (continue reading...)
By Anton Bridge
TOKYO (Reuters) - U.S. hedge fund Elliott Management Corp has bought a stake in Sumitomo Corp worth several tens of billions of yen, a person familiar with the situation said on Tuesday.
The purchase follows Warren Buffett's closely watched investment in the Japanese trading house.
The person did not give an exact figure for the Sumitomo transaction and asked not to be identified because the purchase has not... (continue reading...)
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