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China push on company dividends should attract investment, says regulator May 23, 2024 05:33AM

LONDON (Reuters) - Government policies to encourage companies to pay more dividends should increase the attractiveness of China's stock market for overseas investors, a senior Chinese regulator said on Thursday.

Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said the Chinese government set out policies last month to strengthen its capital markets, including moves to encourage listed companies to pay more dividends.

... (continue reading...)
Nasdaq, S&P 500 futures pop as Nvidia fuels chip stocks rally May 23, 2024 05:34AM

(Reuters) - Futures tracking the tech-heavy Nasdaq and the benchmark S&P 500 climbed on Thursday as chip stocks rallied after Nvidia's upbeat revenue forecast cemented investor optimism around the meteoric rise of artificial intelligence technology.

AI chip leader Nvidia jumped 6.8% in premarket trading, breaching the $1,000 mark for the first time ever and on track to add about $155 billion in market value if gains hold.

The... (continue reading...)


Thai hospital says 20 people from Singapore Airlines flight remain in intensive care May 23, 2024 05:33AM

BANGKOK (Reuters) - Twenty people who were aboard a Singapore Airlines flight that hit severe turbulence and diverted to Bangkok for an emergency landing on Tuesday remain in intensive care, a hospital official said on Thursday.

Of the 40 people on the flight still under treatment, 22 patients have spinal cord injuries and six have brain and skull injuries, Adinun Kittiratanapaibool, Director of Bangkok's Samitivej Srinakarin Hospital told reporters.

... (continue reading...)
Goldman Sachs picks insiders to co-run German, Austrian investment banking May 23, 2024 05:31AM

BERLIN (Reuters) - Goldman Sachs has chosen Jens Hofmann and Tibor Kossa, both working for the bank, as new co-heads of its Germany and Austria investment banking business, one of the top U.S. banks said in a memo seen by Reuters on Thursday.

Hofmann joined the company in 1994 as an analyst and was promoted to managing director in 2004, while Kossa joined in 2018 as managing director and worked as co-head of M&A in Germany and Austria until... (continue reading...)


Analysis-With mock attacks, China sends honed warning to Taiwan's new president May 23, 2024 05:31AM

By Greg Torode and Laurie Chen

HONG KONG/BEIJING (Reuters) - In launching two days of "punishment" drills to protest against what it sees as the separatist instincts of Taiwan's newly inaugurated President Lai Ching-te, Beijing is sending a finely calibrated warning.

Analysts, regional diplomats and senior Taiwan officials note that so far the scale of operations around the island that Beijing claims as its own are smaller than the... (continue reading...)


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