Russia to restart FX interventions next month based on rainy day funds
(Reuters) – Russia’s central bank said on Friday it would resume foreign exchange interventions based on its National Wealth Fund…
July 21, 2023
China seeks to boost demand by pushing urban development – state media
BEIJING (Reuters) – China’s cabinet has approved guidelines on transforming underdeveloped areas in megacities, in the government’s latest move to…
California has enough power during heat wave after Thursday emergency
(Reuters) – California’s power grid operator said it does not plan to ask consumers to conserve power on Friday after…
World Bank’s IFC considers $1.5 billion in investments in Ukraine banking, farming, infrastructure
By Olena Harmash KYIV (Reuters) -The World Bank’s private investment arm is considering $1.5 billion in investments in Ukraine’s banking,…
Soft Canadian retail sales data point to slowing economy
By Ismail Shakil OTTAWA (Reuters) – Canadian retail sales underperformed expectations in May and were likely unchanged in June, data…
Hong Kong’s golfers gird up for battle as housing policy threatens famed course
By Clare Jim HONG KONG (Reuters) -Golfers have stepped up their fight to stop the Hong Kong government from taking…
Generali’s TUA Assicurazioni draws foreign bid interest
By Amy-Jo Crowley and Valentina Za LONDON/MILAN (Reuters) – A number of international groups are in the running to buy…
KKR boosts chemicals portfolio with $1.3 billion deal for Chase
(Reuters) -KKR & Co said on Friday it would buy chemical maker Chase in an all-cash deal valued at about…
Chinese property giant Country Garden sinks in renewed storm
By Ankur Banerjee, Clare Jim and Marc Jones SINGAPORE/HONG KONG/LONDON (Reuters) -China’s property sector crisis escalated again on Friday as…
Trump-linked SPAC surges as fraud settlement lifts hopes for deal completion
(Reuters) -Shares of Digital World Acquisition (DWAC) surged 55% on Friday as a settlement with U.S. securities regulator over fraud…