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India

Donny Kwok

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

4:47pm IST

Sanctioned tycoon Deripaska resigns as director of his firm Rusal

HONG KONG/ST PETERSBURG, Russia Russian metals tycoon Oleg Deripaska stepped down as a director of his aluminum firm Rusal as part of a choreographed series of steps which he hopes will persuade the U.S. government to rescind sanctions that have crippled his businesses.

12:25pm IST

Samsonite slides for second day on short-seller attack, some analysts unfazed

HONG KONG Shares in Samsonite International plunged for a second straight day on Friday, bringing its losses to a fifth of market value, after a short seller accused it of questionable accounting practices and poor corporate governance.

20 Apr 2018

China Huarong confirms chairman departs after probe, shares tumble

SHANGHAI/HONG KONG China Huarong Asset Management Co confirmed its chairman Lai Xiaomin, who is under investigation for alleged corruption, had stepped down, sparking an 11 percent tumble in shares of the nation's biggest bad debt manager on Friday.

19 Apr 2018

Hong Kong central bank confident in currency peg even as interbank rate jumps

HONG KONG Hong Kong's central bank said on Thursday it has confidence in the financial hub's more than three-decade old peg to the U.S. dollar, even as it continued to intervene to prop up the currency and as interbank rates jumped to a 10-year high.

17 Apr 2018

HKMA intervenes again as Hong Kong dollar weakens, buys HK$5.77 billion in US trade

HONG KONG The Hong Kong Monetary Authority (HKMA) stepped into currency markets again in U.S. trading hours, buying HK$5.77 billion ($735 million) in Hong Kong dollars as the currency repeatedly hit the weak end of its trading band.

14 Apr 2018

HKMA intervenes as Hong Kong dollar hits weak end of trading band

HONG KONG Hong Kong's central bank bought the local currency on Friday, as part of its first intervention in foreign exchange markets since 2015 after the Hong Kong dollar hit the weaker end of its trading range, nudging up a key lending rate that could push borrowing costs higher.

24 Mar 2018

Pampered pooches take to the sky in travel niche

HONG KONG Ding Dong and Fun Fun, a pair of 12-year-old Yorkshire terriers, know how to enjoy the high life - literally. | Video

23 Mar 2018

China's Tencent loses $51 billion in market value in two days

HONG KONG Tencent Holdings Ltd's shares fell more than 4 percent on Friday, wiping out around $23 billion of market value, after the Chinese internet firm's largest shareholder, Naspers Ltd, lowered its stake for the first time in 17 years. | Video

23 Mar 2018

Tencent loses $24 billion in market cap after Naspers' selldown

HONG KONG China's Tencent Holdings Ltd saw its shares down 4.51 percent at the midday trading break on Friday after the internet firm's largest shareholder, Naspers Ltd , said it would lower its stake for the first time in 17 years.

22 Mar 2018

Hong Kong follows Fed hike, HKMA ready to defend peg as HK$ at new 33-year low

HONG KONG The Hong Kong Monetary Authority (HKMA) raised its base rate charged through its overnight discount window by 25 basis points (bps) on Thursday to 2.00 percent, in lockstep with the U.S Federal Reserve.

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