Category Archives:
Marketmind: Wall St shines, China misses again
A look at the day ahead in U.S. and global markets from Mike Dolan: Wall Street is lapping up a soothing blend of disinflation, peak interest rates and trend growth, with two of its mega caps reportin...
Jul 31, 2023
UAE oil giant raises climate goal ahead of key UN summit
By Yousef Saba DUBAI (Reuters) -Abu Dhabi National Oil Company brought forward its net zero carbon emissions target by five years to 2045 on Monday as OPEC member the United Arab Emirates prepares to ...
Jul 31, 2023
China curbs exports of drone-related equipment amid U.S. tech tensions
BEIJING (Reuters) - China on Monday announced export controls on some drone-related equipment amid escalating tensions with the United States over access to technology. China's commerce ministry said ...
Jul 31, 2023
Hong Kong quarterly GDP growth slows on sluggish global economy
HONG KONG (Reuters) - Hong Kong's economic growth slowed in the second quarter from a year earlier, advance government data showed on Monday, with the momentum softening after a strong rebound in the ...
Jul 31, 2023
Citigroup lifts S&P 500’s year-end target to 4,600
(Reuters) - Citigroup raised its year-end target for the S&P 500 by 15% as it now sees a higher probability of a soft landing for the U.S. economy, as well as, an earnings upside. The bank sees the S&...
Jul 31, 2023
China hotpot chain Haidilao soars on surge in first-half profit
BEIJING (Reuters) - Shares in Haidilao International Holding soared 16% on Monday after China's largest hotpot chain said it expected to report a 30-fold jump in first-half profit with diners returnin...
Jul 31, 2023
Japan’s megabanks eye BOJ boost after solid first quarter
By Makiko Yamazaki and Anton Bridge TOKYO (Reuters) -Two of Japan's megabanks reported solid quarterly profits on Monday amid hopes the Bank of Japan's (BOJ) nudge towards policy normalisation will he...
Jul 31, 2023
Saudi Arabia’s economy grows 1.1% in Q2, boosted by non-oil activities
DUBAI (Reuters) - Saudi Arabia's gross domestic product (GDP) grew 1.1% in the second quarter, according to government estimates released on Monday, supported by an increase in non-oil activities, alt...
Jul 31, 2023
Tesla to cut prices on some Model 3, Model Y in HK -media
BEIJING (Reuters) - U.S. automaker Tesla is set to cut prices on multiple variants of its Model 3 and Model Y vehicles in Hong Kong from Aug. 4, Hong Kong Economic Times reported on Monday. The discou...
Jul 31, 2023
Euro zone pulls out of dip with higher growth than expected
BRUSSELS (Reuters) - The euro zone returned to growth in the second quarter of 2023, with a greater than expected expansion after narrowly avoiding a technical recession around the turn of the year, p...
Jul 31, 2023
Peoria, IL, USA
49 °F Partly cloudy
