Category Archives:
In the Market: For firms, China policy semantics are not the point
By Paritosh Bansal (Reuters) - 'De-risk, not decouple' are the new buzzwords for Western policy toward China, drawing skepticism from Beijing about whether there is any difference between the two. For...
Jun 12, 2023
Central banks shelve guidance, in fits and starts, as inflation reigns
By Howard Schneider, Leika Kihara, Balazs Koranyi and William Schomberg (Reuters) - Central bankers, who once considered obscurity central to their craft, are trying to wean the world from the predict...
Jun 12, 2023
China’s property sector set to be persistently weak for years -Goldman
BEIJING (Reuters) - China's property sector is expected to grapple with "persistent weakness" for years, Goldman Sachs analysts said, adding that its problems would continue to drag on the country's e...
Jun 11, 2023
Marketmind: Markets drift ahead of central bank extravaganza
A look at the day ahead in European and global markets from Ankur Banerjee After surprise interest rate hikes from the Reserve Bank of Australia and Bank of Canada, investors are a bit nervy heading i...
Jun 11, 2023
‘Kimberly Akimbo,’ Tom Stoppard’s ‘Leopoldstadt’ among winners on writerless Tony night
By Kathryn Lurie "Kimberly Akimbo," about a teenager who ages in reverse, and Tom Stoppard's autobiographical "Leopoldstadt" were among the winners Sunday as the Tony Awards went on despite the Writer...
Jun 11, 2023
Temasek-backed firms buy stake in VIVA Biotech unit ahead of listing
(Reuters) - Entities backed by Singapore's Temasek and Chinese investment firm HighLight Capital agreed to a deal worth 1.06 billion yuan ($148.7 million) for stakes in a unit of VIVA Biotech Holdings...
Jun 11, 2023
Westpac to layoff 300 workers in business and retail unit, says trade union
(Reuters) - Australian lender Westpac Banking Corp will cut around 300 jobs in its consumer and business banking segments at a time of strong profit growth amid rising interest rates and soaring infla...
Jun 11, 2023
Several Chinese lenders cut yuan deposit rates from Monday
BEIJING (Reuters) - Several Chinese commercial banks cut interest rates on a range of yuan deposits from Monday, following their larger peers in a coordinated move to ease pressure on profit margins. ...
Jun 11, 2023
Asia shares near month high ahead of central bank meetings
By Ankur Banerjee SINGAPORE (Reuters) - Asian shares started tentatively on Monday as investors braced for central bank meetings from Europe, Japan and the United States this week, along with U.S. inf...
Jun 11, 2023
China’s Nio cuts prices for all models, ends free battery swapping services
SHANGHAI (Reuters) - China's electric vehicle maker Nio said on Monday it would cut prices by 30,000 yuan ($4,198.74) for all models including its revamped ES6 and ES8 sports utility vehicles from Jun...
Jun 11, 2023
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