By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Beijing resident Hu Yongwei bought more than a dozen apartments in the small central Chinese city of Hebi for about $31,000 in all, betting they will be financially more rewarding than other investments. Hu, who mostly acquired two- or three-bedroom apartments built about three decades…
By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Beijing resident Hu Yongwei bought more than a dozen apartments in the small central Chinese city of Hebi for about $31,000 in all, betting they will be financially more rewarding than other investments. Hu, who mostly acquired two- or three-bedroom apartments built about three decades…
(Reuters) -The U.S. banking regulator is seeking bids for the sale of collapsed Silicon Valley Bank’s German assets, according to a Thursday notice posted on its website. The U.S. Federal Deposit Insurance Corporation (FDIC) is inviting bids for SVB’s $460 million asset portfolio, including loans and leases, in Frankfurt and Berlin. The deadline for submission…
(Reuters) -Virgin Galactic Holdings, the space tourism firm founded by Richard Branson, said on Thursday its long-awaited commercial spaceflight service would launch later this month, sending its shares up over 55% in trading after the bell. The first spaceflight, called “Galactic 01”, is planned between June 27 and June 30, the company said. “Galactic 02”…
By Jarrett Renshaw (Reuters) – Ticketmaster and other companies have agreed to offer consumers upfront, all-in pricing, the White House announced as it convened a meeting on Thursday to highlight efforts to crack down on so-called junk fees. President Joe Biden hosted a meeting at the White House of private companies – including Live Nation’s…
(Reuters) -The U.S. Department of Defense (DoD) has entered into a $15 million agreement with the U.S. unit of Australian miner Jervois Global Ltd to conduct feasibility studies on expanding cobalt extraction in Idaho, to decrease reliance on overseas mineral sources. The agreement will enable Jervois Mining USA to undertake mineral resource drilling to expand…
By Leika Kihara TOKYO (Reuters) -One of Bank of Japan Governor Kazuo Ueda’s biggest challenges will be to phase out a controversial yield curve control policy, which is criticised for distorting markets by keeping long-term interest rates low despite creeping inflation. While Ueda has stressed the BOJ will be in no rush to dial back…
By Leika Kihara TOKYO (Reuters) -One of Bank of Japan Governor Kazuo Ueda’s biggest challenges will be to phase out a controversial yield curve control policy, which is criticised for distorting markets by keeping long-term interest rates low despite creeping inflation. While Ueda has stressed the BOJ will be in no rush to dial back…
(Reuters) – The U.S. Justice Department will review the PGA Tour’s plan to merge with Saudi-backed LIV Golf to determine if it violates antitrust law, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The PGA Tour, DP World Tour and rival Saudi-backed LIV circuit, which had been involved in a…
By Kevin Yao BEIJING (Reuters) -China will roll out more stimulus to support a slowing economy this year, but concerns over debt and capital flight will keep measures targeted at shoring up weak demand in the consumer and private sectors, sources involved in policy discussions said. The world’s second-largest economy stumbled in May with data…
