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Analysis-China trust deficit: crisis spurs shadow banking policy response calls
By Summer Zhen and Laura Matthews HONG KONG/NEW YORK (Reuters) - Chinese fears of a spillover from missed payments on some shadow banking linked trust products and worsening consumer sentiment are exp...
Syndicated Content Aug 15, 2023
Fisker to add Tesla’s EV charging connector by 2025
(Reuters) - Electric vehicle startup Fisker said on Tuesday it signed a deal with Tesla to adopt its North American Charging Standard (NACS), giving Fisker customers access to the automaker's Supercha...
Syndicated Content Aug 15, 2023
JPMorgan ramps up EM default rate forecast amid China property woes
By Marc Jones LONDON (Reuters) -JPMorgan ramped up its 2023 global emerging market corporate high yield (HY) default rate forecast to 9.7% from 6% on Tuesday following the latest wave of problems in C...
Syndicated Content Aug 15, 2023
Fitch warns it may be forced to downgrade multiple banks, including JPMorgan – CNBC
(Reuters) - An analyst at Fitch Ratings warned that U.S. banks, including JPMorgan Chase, could be downgraded if the agency further cuts its assessment of the operating environment for the industry, a...
Syndicated Content Aug 15, 2023
Musk’s X social media platform shuts down promoted accounts ad business – Axios
(Reuters) - Social media company X, formerly known as Twitter, will no longer allow advertisers to promote their accounts within the platform's timeline to attract new followers, Axios reported on Tue...
Syndicated Content Aug 15, 2023
J.P. Morgan warns of sharper-than-expected slump in China residential market
(Reuters) - J.P. Morgan said on Tuesday China's residential property market could see a sharper-than-expected slump this year following downbeat government sales and investment data for the sector. An...
Syndicated Content Aug 15, 2023
Death toll after landslides in Indian Himalayas rises to 57; 10 still missing
NEW DELHI (Reuters) - Rescuers pulled out more bodies on Tuesday after landslides in India's Himayalas over the weekend buried homes and buildings, killing at least 57 people and leaving 10 still trap...
Syndicated Content Aug 15, 2023
Carlsberg lifts 2023 profit forecast on solid first-half
COPENHAGEN (Reuters) - Danish brewer Carlsberg on Tuesday lifted its profit guidance for the full year after a "solid business performance" in the first half of the year. The world's third-biggest bre...
Syndicated Content Aug 15, 2023
Amazon Pharmacy automates discounts to help insulin patients get pledged prices
By Patrick Wingrove (Reuters) - Amazon.com said on Tuesday its online pharmacy will automatically apply manufacturer-sponsored coupons to more than 15 insulin and diabetes medicines to help patients a...
Syndicated Content Aug 15, 2023
Security startup Abnormal hits $100 million in recurring revenue, eyes IPO
By Krystal Hu (Reuters) - Abnormal Security, an AI-powered email security startup, said it has crossed $100 million in annual recurring revenue, meeting a milestone for software companies as it eyes a...
Syndicated Content Aug 15, 2023
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