(Reuters) -Alphabet Inc’s Google suspended the Play version of PDD Holdings Inc’s Pinduoduo app for security concerns, after malware issues were found on versions of the Chinese e-commerce app outside Google’s app store, a company spokesperson said on Tuesday. “Off-Play versions of this app that have been found to contain malware have been enforced on…
SHANGHAI (Reuters) -BYD has reduced shifts at two auto assembly plants in China, people with knowledge of the matter told Reuters, in a sign of how weaker demand in the world’s largest auto market is affecting its best-selling electric vehicle brand. BYD, which outsells Tesla in China, asked some of the workers at its Xian…
LAUSANNE, Switzerland (Reuters) – Goldman Sachs expects a commodities supercycle driven by China and the capital flight from energy markets in this month’s banking crisis, the U.S. bank’s head of commodities said. “As losses mounted, it spilled into commodities,” Jeff Currie, global head of commodities for Goldman Sachs, told the Financial Times Commodities Global Summit….
A look at the day ahead in European and global markets from Anshuman Daga Market gyrations are common but the scale of recent moves across asset classes due to a slew of bank takeovers has shocked even the most experienced traders and investors. Safe-havens such as gold and Treasuries are in high demand along with…
(Reuters) – Alphabet Inc’s Google suspended the Play version of PDD Holdings Inc’s Pinduoduo app after malware issues were found on the Chinese platform, a Google spokesperson said on Tuesday. “The Off-Play versions of the e-commerce app that have been found to contain malware have been enforced on via Google Play Protect,” the spokesperson said…
By David Morgan WASHINGTON (Reuters) – Republican U.S. Senator Rick Scott said on Monday he will introduce legislation to create an independent inspector general to oversee the Federal Reserve, as he called the U.S. central bank “unable or unwilling to properly regulate” banks in a letter to Fed Chair Jerome Powell. Scott, a Republican known…
By Scott Murdoch, Selena Li and Tom Westbrook (Reuters) – Investors on Tuesday took some heart from the rescue of troubled lender Credit Suisse by its Swiss rival UBS, though concerns lingered about the risk of shockwaves further damaging credit markets and smaller U.S. banks. Attention is now on this week’s meeting of the U.S….
