Category Archives:
Low-cost e-commerce player Temu files new lawsuit against rival Shein
By Casey Hall SHANGHAI (Reuters) - PDD Holdings' international facing discount e-commerce platform, Temu, filed a lawsuit in a U.S. District of Columbia court on Wednesday alleging rival Shein employe...
Dec 13, 2023
S.Korea regulator to take innovation more into account on crypto regulations
SEOUL (Reuters) - South Korea's vice financial regulator chief said on Thursday that authorities would take innovation more into account in the next stage of regulating cryptocurrencies. Regulations n...
Dec 13, 2023
Hong Kong central bank leaves interest rate unchanged, tracks Fed
HONG KONG (Reuters) - The Hong Kong Monetary Authority (HKMA) on Thursday left its base rate charged through the overnight discount window unchanged at 5.75%, tracking a move by the U.S. Federal Reser...
Dec 13, 2023
Trump says he would renege on $3 billion US pledge for Green Climate Fund
By Nathan Layne CORALVILLE, Iowa (Reuters) - Donald Trump, the frontrunner for the Republican presidential nomination, said on Wednesday that if elected he would renege on a $3 billion U.S. pledge to ...
Dec 13, 2023
Oil investors to usher in 2024 amid oversupply, demand concerns
By Muyu Xu, Stephanie Kelly and Alex Lawler SINGAPORE/NEW YORK/LONDON (Reuters) - Oil investors will usher in 2024 with gnawing concerns about oversupply, slowing economic growth and simmering Middle ...
Dec 13, 2023
Toronto Stock Exchange operator TMX buys remaining stake in VettaFi for $848 million
(Reuters) - TMX Group, the owner of the Toronto Stock Exchange, said on Wednesday it had acquired an around 78% stake in U.S. data analytics company VettaFi Holdings for $848 million (C$1.14 billion)....
Dec 13, 2023
Column-Fed rarely cuts rates at a ‘measured pace’: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - The Federal Reserve is about to embark on an interest rate-cutting journey next year, but what is striking about the 150 basis points of easing markets n...
Dec 13, 2023
Japan agrees tax cuts to support households, defeat deflation
By Tetsushi Kajimoto TOKYO (Reuters) - The tax reform panel of Japan's ruling Liberal Democratic Party has agreed on income tax breaks aimed at offsetting the pain of price hikes on households to help...
Dec 13, 2023
BMW gains test license for L3 autonomous driving in Shanghai
BEIJING (Reuters) - BMW Group has received a test license for L3 autonomous driving on high-speed roads in Shanghai, the German automaker said on Thursday. (Reporting by Beijing newsroom; Editing by T...
Dec 13, 2023
Asian equities follow Wall Street higher; yields and dollar down
By Xie Yu HONG KONG (Reuters) - Asian stocks broadly rallied on Thursday morning, after the U.S. Federal Reserve flagged the end of its tightening cycle and struck a dovish tone for the year ahead. U....
Dec 13, 2023
Peoria, IL, USA
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