Euro falls below parity with the dollar. What’s the impact?
The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a…
August 23, 2022
U.S. Adds Seven China-related Entities To Export Control List
WASHINGTON (Reuters) – The United States has added seven China-related entities, mostly related to aerospace, to its export control list,…
Intel, Brookfield To Invest Up To $30 Billion In Arizona Chip Factories
(Reuters) – Intel Corp and Canada’s Brookfield Asset Management on Tuesday agreed to jointly fund up to $30 billion for…
Rare earths processor buys rights to mine in Greenland
BEIJING (AP) — One of the world’s few rare earths processors outside China has bought exploration rights to mine in…
Euro Falls To Two-decade Lows As Energy Crisis Bites
By Dhara Ranasinghe LONDON (Reuters) – The euro fell to a fresh two-decade low on Tuesday, dealt a fresh blow…
German gas storage 80% full, progresses despite Russian cuts
BERLIN (AP) — Germany’s natural gas storage facilities are now more than 80% full, showing steady progress despite a drastic…
Macy’s, Nordstrom cut profit views along with inventories
NEW YORK (AP) — Nordstrom joined Macy’s Tuesday in cutting its annual outlook for profit and sales despite second-quarter results…
China’s JD.com Beats Quarterly Revenue Estimates
(Reuters) – JD.com Inc, beat Wall Street estimates for quarterly revenue on Tuesday as lockdowns in China to control the…
Explainer-How Meme Stock Darling AMC’s New Preferred Shares Work
(Reuters) – AMC Entertainment Holdings Inc, the movie theater operator that investors have turned into a meme stock, completed the…
Malaysia’s Top Court Upholds 12-yr Jail Sentence For Najib, Ex-PM Loses Final Appeal
By Rozanna Latiff KUALA LUMPUR (Reuters) – Malaysia’s Federal Court on Tuesday upheld former prime minister Najib Razak’s guilty conviction…