March 2022

By Katanga Johnson WASHINGTON (Reuters) – The U.S. public company accounting regulator said on Thursday that it continued to engage with Chinese regulators about getting access to their auditors’ records, but it remained unclear if the Chinese government would grant the access required by a new U.S. listing law. The Public Company Accounting Oversight Board (PCAOB) said recent media speculation about an imminent…

By Ann Saphir (Reuters) -The Federal Reserve needs to raise interest rates “in a timely fashion” this year and in 2023 to curb high inflation before it is embedded in U.S. psychology and becomes even harder to get rid of, Chicago Fed President Charles Evans said on Thursday. But Evans also said the U.S. central…

(Reuters) -Weibo Corp said on Thursday it will consider evaluating options after the Chinese social media platform was added to U.S. securities regulator’s list of companies facing the risk of being delisted. Washington has long demanded complete access to the books of U.S.-listed companies, but Beijing, citing national security concerns, bars foreign inspection of working…

ZURICH (Reuters) – Luxury goods group Richemont has sold its entire 20% stake in Swiss watchmaker Greubel Forsey, documents showed on Thursday. Greubel Forsey said in a statement that 100% of the brand’s shares are now owned by founding shareholders Robert Greubel and Stephen Forsey as well as by Chief Executive Antonio Calce, as of…

By Marc Jones LONDON (Reuters) – World share markets were choppy on Thursday as the Russia-Ukraine war kept oil above $120 a barrel, while worries about “stagflation” rose on renewed talk of aggressive U.S. interest rates hikes and slowing growth. Europe’s main stock indexes barely budged and government bond yields edged up toward multi-year highs…