SHENZHEN, China (Reuters) – China’s strict COVID-19 controls will hamper foreign investment into the country for years to come as limits on travel block the pipeline for projects, the President of the American Chamber of Commerce warned on Tuesday. There are few signs that American companies are leaving the China market, but the years-long process…
By Tom Westbrook SINGAPORE (Reuters) – The dollar fought for a footing on Tuesday and the tumbling Chinese yuan found a floor as investors trimmed bets on whether U.S. interest rate rises will drive further dollar gains. The greenback has edged from a two-decade high this week and was a touch softer across the board…
By Swathi Nair BENGALURU (Reuters) – The European Central Bank is expected to raise the deposit rate for the first time in over a decade in July and bring it out of negative territory at its following meeting in September, despite a 30% chance of recession within a year, a Reuters poll of economists showed….
By Laura Sanicola (Reuters) – Oil prices opened lower in early Asian trade on Tuesday after the European Union’s efforts to enact a ban on Russian oil imports, a move that would tighten global supply, ran into resistance from member country Hungary. Brent crude futures fell 35 cents, or 0.3%, to $113.89 a barrel at…
OMAHA, Neb. (AP) — Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. But Buffett had already shared the biggest investments with Berkshire Hathaway shareholders at the company’s recent annual meeting. That means investors already knew that he had…
By Nupur Anand and Chris Thomas MUMBAI (Reuters) – Life Insurance Corp is likely to see a lacklustre debut when it lists on Indian stock exchanges on Tuesday despite the $2.7 billion initial public offering being oversubscribed, analysts said. India priced LIC’s record-breaking IPO last week at 949 Indian rupees ($12.20), the top of the…
By Jody Godoy (Reuters) – A state court judge found California’s law requiring publicly held companies to include women on their boards unconstitutional, dealing another blow to the state’s push to diversify corporate leadership. Los Angeles Superior Court Judge Maureen Duffy-Lewis issued the decision on Friday in favor of three California taxpayers who sought to…
DETROIT (AP) — Tesla CEO Elon Musk gave the strongest hint yet Monday that he would like to pay less for Twitter than his $44 billion offer made last month. Musk told a Miami technology conference that a viable deal at a lower price would not be out of the question, according to a report…
By Echo Wang (Reuters) – Former U.S. President Donald Trump’s new social media venture disclosed in a regulatory filing on Monday it may raise up to $50 million through convertible notes before it merges with a blank-check acquisition firm. Truth Media & Technology Group (TMTG) is set to receive $1.25 billion in funding once it…
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings Inc on Monday raised its revenue estimate for the current quarter despite trimming capacity, underscoring a booming travel demand. The Chicago-based carrier now expects total revenue per available seat mile to be up 23%-25% from the same period in 2019, up from a prior forecast…
