LONDON—Financial market infrastructure and service providers no longer need to discuss paying dividends in advance with the Bank of England, it said on Thursday. The central bank had imposed the requirement in June last year, as part of a wider series of curbs on dividends aimed at ensuring firms had enough capital to see them…
BOE Says Market Infrastructure Firms No Longer Need to Discuss Dividends
Japan Firms See Economy Recovering to Pre-COVID-19 Level in FY2022: Poll
TOKYO—A majority of Japanese firms say the world’s third-largest economy will recover to pre-pandemic levels in fiscal 2022, a Reuters poll showed, with many anticipating they will continue to face COVID-19 pains until next year or later. The Corporate Survey results underscored a cautious view of Japan Inc on the economy, which stood in contrast…
US Adds 559,000 Jobs as Firms Still Struggle to Fill Positions
WASHINGTON—U.S. employers added a modest 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers as the economy recovers from the pandemic recession. Last month’s job growth was above April’s revised total of 278,000, the Labor Department said Friday, yet well short of…
China Market Regulator Fines 12 Firms for Violating Anti-Monopoly Law
BEIJING—China’s market regulator said on Friday it had fined 12 companies related to 10 deals that violated anti-monopoly rules. The companies included Baidu Inc., Tencent Holdings, Didi Chuxing, SoftBank, and a ByteDance-backed firm, the State Administration for Market Regulation (SAMR) said in a statement on Friday. The companies were fined 500,000 yuan ($77,000) each for…
Chinese Telecom Firms Lose $5.6 Billion in Value as Index Providers Drop Them
SINGAPORE—Index providers MSCI Inc, FTSE Russell and S&P Dow Jones Indices said they would cut three Chinese telecom companies from benchmarks, part of a widening fallout from a U.S. investment ban that has battered their share prices. The deletions of China Mobile, China Telecom, and China Unicom Hong Kong add to a raft of Chinese…
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