HONG KONG/BEIJING (Reuters) - China's efforts to clear massive inventory by turning unsold homes into affordable housing are unlikely to help cash-strapped developers due to the programme's limited size and potentially low prices, analysts and developers say. As part of a support package for the crisis-hit property sector, Beijing announced last month a plan for a 300 billion yuan ($41...

LONDON/ SINGAPORE (Reuters) -The euro fell sharply on Monday, hit by political uncertainty after gains by the far-right in voting for the European Parliament on Sunday prompted a bruised French President Emmanuel Macron to call a snap national election. The uncertainty in France adds one more element to what will be a busy week for markets with crucial U.S. inflation...

04:26 AM EDT, 06/10/2024 (MT Newswires) -- Noble (NE) said Monday that it has entered a definitive merger agreement to acquire Diamond Offshore Drilling ( DO ) in a stock plus cash transaction with an implied value of $15.52 per share. Diamond shareholders will receive 0.2316 Noble shares and $5.65 in cash for each Diamond share, amounting to $600 million...

DUBAI, June 10 (Reuters) - BlackRock ( BLK ) on Monday said it hired Mohammad Al Fahim as managing director and head of the United Arab Emirates to look after its business in the country, together with Oman and Bahrain. Mr. Al Fahim will lead all aspects of BlackRock's ( BLK ) client business to help deliver a diversified platform...