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Hong Kong’s top finance executives bank on city to thrive as gateway to China

UK trial lawyers stage walkouts in dispute over funding
Date: June 27, 2022
LONDON (Reuters) – British lawyers involved in criminal trials will stage a walkout on Monday in a dispute over government funding, refusing to take on new cases or cover cases for colleagues which have overrun. Barristers voted for action earlier this month with more than 80% of its 2,055 members backing walkouts, the Criminal Bar...

Next Czech central bank chief wants strong crown based on fundamentals
Date: June 27, 2022
PRAGUE (Reuters) – Incoming Czech central bank Governor Ales Michl said on Monday he wants a strong crown currency based on long-term cash flows and investor interest, reiterating his stance days before he is due to take the helm at the bank. Michl takes office in July amid a year-long tightening cycle that has seen...

Go-slow Turkey unlikely to reach Nordics deal at NATO meet -sources
Date: June 27, 2022
By Orhan Coskun and Jonathan Spicer ANKARA (Reuters) – A NATO summit this week is unlikely to see a breakthrough to overcome Turkey’s opposition to Sweden and Finland’s membership bids as Ankara takes an unrushed approach to negotiations, according to Turkish officials and Western diplomats. In response to Russia’s invasion of Ukraine, Sweden and Finland...

European fund managers set to go all in on ESG – survey
Date: June 27, 2022
By Juliette Portala (Reuters) – Over two-thirds of European asset managers and distributors are considering halting the launch or distribution of products that do not comply with environmental, social and governance (ESG) standards, a survey by PwC Luxembourg showed on Monday. Flows into ESG funds have surged in recent years, driven in part by a...

Spanish May industrial prices rise 43.6% on year, down from 44.5% in April
Date: June 27, 2022
MADRID (Reuters) -Spanish industrial production prices rose by 43.6% in the 12 months to May, down slightly from a revised 44.5% for the year to April, reflecting a slowdown in energy price inflation, the National Statistics Institute (INE) said on Monday. But energy prices were still up by a massive 113% in the 12 months...

North Korea says U.S. is setting up Asian NATO; vows stronger defence
Date: June 27, 2022
By Hyonhee Shin SEOUL (Reuters) – North Korea has accused the United States of setting up a military alliance like NATO in Asia, saying the unwavering U.S. aim to oust North Korea’s government compelled it to develop stronger defences. The North Korean criticism comes amid concern it could be preparing its first nuclear test in...
