By Scott Murdoch HONG KONG (Reuters) – China’s Tencent Music Entertainment Group said its shares are due to start trading in Hong Kong next Wednesday after the company carries out a secondary listing by introduction. The company said New York will remain its primary listing venue and the company’s U.S. and Hong Kong stock will…
By Wayne Cole SYDNEY (Reuters) -Australian employment bounced back in August after a surprise dip the month before and the jobless rate edged up just a tick from a 48-year low, underlining the resilience of the labour market in the face of rising interest rates. Figures from the Australian Bureau of Statistics on Thursday showed…
Roger Bennett remembers calling his father in Liverpool, England, and having his father hold the phone next to the television so he could experience his beloved Everton in the FA Cup semifinals. To say those days are long, thankfully gone, is an understatement. Technology, streaming packages, and the value of sports programming have allowed fans…
BEIRUT (AP) — A woman accompanied by activists and brandishing what she said was a toy pistol broke into a Beirut bank branch on Wednesday, taking $13,000 from her trapped savings. Sali Hafez told the local Al-Jadeed TV that she needed the money to fund her sister’s cancer treatment. She said she had repeatedly visited…
By Rae Wee SINGAPORE (Reuters) – The dollar stood near recent peaks on Thursday as markets increased bets the Fed has more work to do in its aggressive tightening streak to curb red-hot inflation, while wariness of intervention kept the yen steady. The Japanese currency hovered at 143.02 in Asia after jumping on Wednesday when…
TAIPEI (Reuters) – Taiwan’s President Tsai Ing-wen warned the semiconductor industry faces new and “volatile” challenges, but said her government will work with the sector to overcome them. Taiwan is home to the world’s largest contract chipmaker, TSMC, and is a major producer of semiconductors used in everything from washing machines and cellphones to data…
By Dan Fastenberg (Reuters) – The sporty all-electric car from the Netherlands resembles a BMW coupe, but is unique: It captures more carbon than it emits. “Our end goal is to create a more sustainable future,” said Jens Lahaije, finance manager for TU/ecomotive, the Eindhoven University of Technology student team that created the car. Called…
(In paragraph 7, updates CME likelihood of 100 bps rate hike) By Stephen Culp NEW YORK (Reuters) – Wall Street ended a directionless session higher on Wednesday as an on-target inflation report largely stanched the flow of Tuesday’s sell-off and investors pressed the “pause” button. All three indexes wavered throughout the day, but ultimately ended…
By Alexandra Alper WASHINGTON (Reuters) -U.S. investment in foreign chip companies is a potential concern for the Biden administration, a White House official said on Wednesday, but he stressed it has not yet made a final decision on a potential mechanism regulating U.S. investments in China. National Security Council official Peter Harrell heralded the administration’s…
Car buyers might not get the vehicle they want on time, commuter rail lines could see service disrupted, and shipments from everything from oil to livestock feed could be snarled. Those are just a few of the wide-ranging impacts a walkout by U.S. rail workers would have on the country’s industries and economy. A strike…
