SHANGHAI/HONG KONG (Reuters) – China’s securities regulator on Tuesday denied that it and its securities association had asked foreign investment banks for senior executives’ pay details or suggested they implement pay curbs, rejecting media reports. Bloomberg reported on Friday that Chinese regulators had warned top global banks, during meetings in Shanghai and Beijing this year,…
LONDON (AP) — Scottish First Minister Nicola Sturgeon launched her campaign for a second independence referendum on Tuesday, arguing that Scotland would be economically better off outside the United Kingdom. Sturgeon, who leads the Scottish National Party as well as the devolved government in Scotland, said it’s the right time to revisit the case for…
BERLIN (AP) — U.N. Secretary-General António Guterres warned Tuesday of a “dangerous disconnect” between what scientists and citizens are demanding to curb climate change, and what governments are actually doing about it. Guterres said global greenhouse gas emissions need to drop by 45% this decade, but are currently forecast to increase by 14%. “We are…
By Mathieu Rosemain PARIS (Reuters) -French IT company Atos spooked investors on Tuesday with a plan to split its operations and sell assets as well as the departure of CEO Rodolphe Belmer, sending its shares plunging by more than 25%. The departure of Belmer, who took over in January, follows weeks of reports of board…
By Sophie Yu and Brenda Goh BEIJING (Reuters) – China is set to get a picture of how the country’s zero-COVID-19 policy and slowing economy have impacted shoppers’ urge to splurge, as e-commerce platforms gear up to report takings from the mid-year “618” shopping festival this weekend. Held in the run-up to June 18, 618…
KIGALI, Rwanda (AP) — As Britain plans to send its first group of asylum-seekers to Rwanda on Tuesday amid outcries and legal challenges, some who came to this East African country under earlier arrangements tell The Associated Press the new arrivals can expect a difficult time ahead. “Sometimes I play football and in the evening…
By Praveen Menon and Riya Sharma (Reuters) -Australia’s Lynas Rare Earths has signed a $120 million follow-on contract with the U.S. Department of Defense to build a commercial heavy rare earths separation facility in Texas, the firm said on Tuesday. Lynas is the world’s only processor of rare earths outside China, and the contract with…
NEW YORK (AP) — Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have led investors to reconsider what they’re willing to pay for a…
NEW YORK (AP) — One of the more reliable warning signals for an economic recession started blinking again. The “yield curve” is watched for clues on how the bond market feels about the long-term outlook for the U.S. economy. On Tuesday, a closely followed part of the yield curve briefly lit up for the second…
BEIJING (AP) — Asian stock markets were mixed Wednesday ahead of the Federal Reserve’s announcement of how sharply it will raise interest rates to cool U.S. inflation. Shanghai and Hong Kong advanced. Tokyo and Sydney declined. Oil prices edged higher. Wall Street’s benchmark S&P 500 index lost 0.4% on Tuesday as traders waited for a…
