Category Archives:
Some Chinese state banks will cut deposit rates on Monday – sources
SHANGHAI (Reuters) - Some Chinese state banks, such as Bank of China and Bank of Communications, will cut deposit rate ceilings on Monday, joining smaller lenders, sources told Reuters. The planned cu...
Apr 24, 2022
Analysis-Bruised Wall St faces gauntlet of worries after market tumble
By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK (Reuters) - Battered U.S. stocks are facing a potentially painful stretch in the weeks ahead, as hawkish Federal Reserve policy, rising bond yields, g...
Apr 24, 2022
China should act to ease COVID impact, boost growth over 5%, central bank official says
TOKYO (Reuters) - China should take steps to soften the economic impact of COVID-19 and boost annual economic growth back above 5%, a top central bank official said on Sunday. Wang Yiming, a member of...
Apr 24, 2022
Alibaba’s Freshippo adds more couriers, still unable to meet Shanghai demand
SHANGHAI (Reuters) - Alibaba's supermarket chain Freshippo said on Sunday it was adding more couriers to meet high demand in Shanghai but this was not yet catching up with the rising needs of locked-d...
Apr 24, 2022
Norway’s sovereign fund will vote to support Bayer management
OSLO (Reuters) - Norway's $1.3 trillion wealth fund will cast a vote in support next week of top management at German drug and farm products maker Bayer AG, but will vote against the remuneration pack...
Apr 24, 2022
Softbank-backed Ola Electric to recall 1,441 e-scooters
By Aditi Shah NEW DELHI (Reuters) - Softbank-backed Ola Electric said on Sunday it will recall 1,441 of its electric scooters, weeks after one of its vehicles caught fire, prompting a government probe...
Apr 24, 2022
Credit Suisse poised to revamp senior management – paper
ZURICH (Reuters) - Loss-making Credit Suisse could shake up senior management as new Chairman Axel Lehmann seeks to put the embattled Swiss bank back on stable ground, Swiss Sunday newspaper NZZ am So...
Apr 24, 2022
Robotaxi startup Pony.ai gains taxi license in China city
BEIJING (Reuters) - Self-driving tech company Pony.ai, backed by Toyota Motor Corp, said on Sunday it has obtained a taxi license in China, which will allow some of its driverless vehicles to start ch...
Apr 24, 2022
Orrin Hatch, the genteel Republican senator, is dead at 88
By Will Dunham WASHINGTON (Reuters) -Orrin Hatch, the gentlemanly long-serving Republican U.S. senator from Utah who championed deep tax cuts, an anti-terrorism law and a children's health program whi...
Apr 23, 2022
Florida governor signs bill stripping Disney of self-governing authority
By Maria Caspani and Dawn Chmielewski (Reuters) - Florida Governor Ron DeSantis on Friday signed a bill that strips Walt Disney Co of self-governing authority at its Orlando-area parks in retaliation ...
Apr 23, 2022
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