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Chinese activist Ai Weiwei says Credit Suisse closing his foundation’s bank account
By Rachel Armstrong and Brenna Hughes Neghaiwi (Reuters) - Chinese dissident and artist Ai Weiwei has said Credit Suisse told him it was closing his foundation's bank account in Switzerland earlier th...
Syndicated Content Sep 07, 2021
Stellantis joint venture with China’s GAC to close one of two plants
BEIJING (Reuters) -Stellantis NV's Chinese joint venture with GAC will close one of its two factories in China by next March, GAC told Reuters, as Stellantis restructures operations in the world's big...
Syndicated Content Sep 07, 2021
China’s ‘quant’ traders fend off regulatory flak
SHANGHAI (Reuters) - Chinese hedge fund managers parried criticism of their trading techniques and market impact on Tuesday, a day after the country's top securities regulator said the rapidly growing...
Syndicated Content Sep 07, 2021
End of the summer: Events that may shake markets in September
LONDON (Reuters) - After a summer in which stocks have hit a seemingly never-ending run of record highs, September brings a series of monetary and political events that could jolt investors out of the...
Syndicated Content Sep 07, 2021
Italy’s fashion industry sees recovery continuing as Milan’s shows return live
MILAN (Reuters) - Italy's National Fashion Chamber (CNMI) said on Tuesday it expects a post-pandemic rebound to continue in the second half of 2021 as Fashion Week in Milan prepares to return with liv...
Syndicated Content Sep 07, 2021
Federer-backed shoemaker On aims for over $12 billion valuation in U.S. IPO
(Reuters) - On Holding AG, a shoe firm backed by Swiss tennis star Roger Federer, is targeting a valuation of more than $12.33 billion in a U.S. initial public offering (IPO), a regulatory filing http...
Syndicated Content Sep 07, 2021
Futures lower as worries over economic recovery weigh
(Reuters) - The S&P 500 and Nasdaq futures dipped on Tuesday as worries over a slowing economic recovery overshadowed hopes that the Federal Reserve would maintain its accommodative stance a little lo...
Syndicated Content Sep 07, 2021
Credit Suisse preparing further insurance claims for Greensill-linked funds
By Brenna Hughes Neghaiwi ZURICH (Reuters) - A first insurance claim has been filed and more are being prepared in Credit Suisse's efforts to recover funds from its insolvent supply chain finance link...
Syndicated Content Sep 07, 2021
The money is there, Volkswagen CEO says of planned battery cell push
By Jan Schwartz MUNICH (Reuters) - Volkswagen is optimistic that there are sufficient funds, internal or external, to pull off its ambitious plan to build six large battery factories across Europe wit...
Syndicated Content Sep 07, 2021
Exclusive-Italy expects 2021 deficit to be below 10% of national output -source
By Giuseppe Fonte ROME (Reuters) - Italy's Treasury sees the 2021 budget deficit coming in at under 10% of national output, well below the 11.8% target set in April, as the economy recovers more quick...
Syndicated Content Sep 07, 2021
Peoria, IL, USA
63 °F Rain, Mist
