What people are saying about Ant Group’s $984 million fine and share buyback
(Reuters) – China’s Ant Group has announced a surprise share buyback that values the fintech giant at $78.5 billion, well…
July 2023
China urges ‘practical’ US action on sanctions after Yellen talks
By Joe Cash BEIJING (Reuters) – China on Monday called on the U.S. to take “practical action” in response to…
Analysis-Bonds back in a tailspin as ‘higher for longer’ narrative hits
By Yoruk Bahceli and Dhara Ranasinghe (Reuters) – Government bond markets from Europe to the United States and Australia are…
Business leaders left in limbo by rate hike impact lag
By Leigh Thomas and Mathieu Rosemain AIX-EN-PROVENCE, France (Reuters) -An unusually long lag in the time interest rate hikes are…
Gucci-owner Kering paid $3.8 billion for French fragrance label Creed – FT
(Reuters) -Gucci-owner Kering paid 3.5 billion euros ($3.83 billion) for acquiring high-end French fragrance label Creed in June, the Financial…
China should shift stimulus to consumption, ease residency curbs -PBOC adviser
BEIJING (Reuters) – China should shift the focus of its stimulus from investment to consumption and further loosen urban residency…
US NTSB probes Boeing 737 MAX engine fire at Newark Airport
(This July 7 story has been corrected to clarify that FAA said the engine fire extinguishers were activated after landing,…
Heavy rains pound US Northeast, with more storms on the way
(Reuters) – Heavy rainstorms poured over parts of New York and Pennsylvania on Sunday, with first responders rescuing people stuck…
China mutual funds cut fees as regulator targets $3.7 trillion sector
SHANGHAI/SINGAPORE (Reuters) -More than a dozen major mutual fund companies in China cut fees in roughly 1,500 fund products on…
Japan logs current account surplus for fourth month as trade gap narrows
TOKYO (Reuters) -Japan’s current account surplus more than doubled year-on-year in May, in a fourth straight month of gains, as…