Category Archives:
China frees up $70 billion for banks to underpin slowing economy
BEIJING (Reuters) - China said on Friday it would cut the amount of cash that banks must hold as reserves for the second time this year, releasing about 500 billion yuan ($69.8 billion) in long-term l...
Nov 25, 2022
More Black Friday shoppers return to stores, chasing deals
By Arriana McLymore and Siddharth Cavale RALEIGH, N.C./ NEW YORK (Reuters) - The days of early morning Black Friday shopping are behind most consumers, but for Lex Uribe in Las Vegas the biggest shopp...
Nov 25, 2022
Rapidly ageing China rolls out private pension scheme in 36 cities
SHANGHAI (Reuters) -China launched its first private pension scheme in 36 cities on Friday as it grapples with a rapidly ageing population, allowing individuals to open retirement accounts at banks to...
Nov 25, 2022
Germany must step up competition to become green economy leader – EconMin
BERLIN (Reuters) - The world's largest economic powers are going to compete over who will be able to create a lead market for a climate-neutral and green industry, said German Economy Minster Robert H...
Nov 25, 2022
J.P.Morgan sees global bond yields dipping in 2023
(Reuters) - Global bond yields will likely fall slightly in 2023 as the balance between demand and supply will improve by $1 trillion, strategists at J.P. Morgan said in a note. There will be a $700 b...
Nov 25, 2022
Bank of China agrees to provide credit lines totaling more than 600 billion yuan to 10 property developers
BEIJING (Reuters) - Bank of China Ltd announced Friday that it had agreed to provide credit lines totaling more than 600 billion yuan ($83.8 billion) to 10 property developers, including Vanke and Cou...
Nov 25, 2022
Louis Vuitton picks Shanghai for first furniture and homewares store
By Casey Hall SHANGHAI (Reuters) - Louis Vuitton on Friday announced plans to open a dedicated furniture and homewares store in Shanghai, a world first for the French luxury brand as it aims to expand...
Nov 25, 2022
Amazon workers called to strike across globe on Black Friday
BERLIN (Reuters) - Workers at Amazon sites across the globe, including in the United States, Germany and France, were expected to go on strike on Black Friday, targeting the online retailer on one of ...
Nov 25, 2022
BOJ’s Kuroda gets meagre pay bump even as he stresses need for higher wages
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda will receive a meagre 0.4% pay rise in 2022 after two years of cuts, the central bank said on Friday, even as he has stressed the need for high...
Nov 25, 2022
China’s Meituan beats quarterly revenue estimates
BEIJING (Reuters) - Chinese food delivery giant Meituan reported on Friday better than expected quarterly revenue growth of 28.2% as the company recovered from COVID-19 curbs. Meituan, whose services ...
Nov 25, 2022
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