Ad Behind the Markets
BEIJING (Reuters) – China’s Zhengzhou city has launched measures to support its property market, including easing home resale restrictions, in what analysts said were the first such moves by a big city heeding signals from policymakers. The measures by the capital of China’s central Henan province included reductions on mortgage rates and down payment ratios,…
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -The Philippine central bank said it was ready to tighten monetary policy as necessary to keep a lid on price pressures, after data on Friday showed inflation remains above target. The consumer price index in July slowed to 4.7%, statistics agency data showed, the lowest…
By Akash Sriram (Reuters) – U.S. electric vehicle startups are expected to show the impact of Tesla’s price war when they report quarterly results over the next few days, with investors awaiting details on how the companies are managing cash amid a funding drought. Even market leader Tesla has warned of “turbulent times” and traditional…
By Sharon Bernstein (Reuters) -Florida has told school superintendents that an Advanced Placement psychology course offered to high school students violates a new state law prohibiting instruction on sexual orientation and gender identity, the nonprofit that develops the courses said on Thursday. “The Florida Department of Education has effectively banned AP Psychology in the state,”…
By Xie Yu HONG KONG (Reuters) – Citigroup’s Asia family office business expects a 25% increase in clients this year, the U.S. bank’s regional head of its family office advisory business said, as Singapore and Hong Kong vie to attract more wealth. The momentum builds off a strong 2022 when the bank saw client numbers…
By Andrew Goudsward, Sarah N. Lynch and Jacqueline Thomsen WASHINGTON (Reuters) -Donald Trump pleaded not guilty on Thursday to charges he orchestrated a plot to try to overturn his 2020 election loss in what U.S. prosecutors call an unprecedented effort by the then-president to undermine the pillars of American democracy. Special Counsel Jack Smith, who…
By Byron Kaye and Himanshi Akhand (Reuters) -Australia’s competition regulator on Friday blocked a A$4.9 billion ($3.2 billion) buyout planned by No.4 bank ANZ Group of insurer Suncorp’s banking arm, setting the scene for a drawn-out legal challenge. The Australian Competition and Consumer Commission (ACCC) said it was concerned a tie-up between the financial firms…
By Devayani Sathyan BENGALURU (Reuters) – Indonesia’s economy likely grew 4.93% from a year earlier in the April-June quarter, the slowest since the third quarter of 2021, due to weakening global demand for its exports, according to the median forecast of 22 economists polled by Reuters. On quarter-on-quarter basis, the economy was expected to have…
(This story has been corrected to say Nasdaq fell 0.1%, not gained 0.08%, in the bullet point and paragraph 7) By Echo Wang (Reuters) – U.S. stocks closed little changed on Thursday after a choppy trading session, as investors weighed another rise in Treasury yields with the latest batch of economic data and earnings. The…
(Reuters) – Russian state prosecutors have asked a court to sentence jailed opposition politician Alexei Navalny to a further 20 years in a penal colony on various criminal charges including extremism, with a verdict expected on Friday. Navalny, President Vladimir Putin’s fiercest and most vocal domestic opponent, is already serving sentences totalling 11-1/2 years on…
