Analysis-Biden’s China tech curbs to keep investors sidelined, fearing more steps
By Kane Wu and Michael Martina HONG KONG/WASHINGTON (Reuters) -President Joe Biden’s move to prohibit some U.S. technology investments in…
August 10, 2023
Ant group quarterly profit rises 17.5% on year to 13.37 billion yuan – Alibaba filing
SHANGHAI (Reuters) – China’s Ant Group made net profit of 13.37 billion yuan ($1.85 billion) in the three months to…
Muslims flee Indian business hub after religious clashes, attacks
By Rupam Jain and Sakshi Dayal GURUGRAM, India (Reuters) – Over 3,000 poor Muslims have fled a business hub outside…
UK real estate adviser Savills posts sharp profit drop, shares tank
(Reuters) – Savills Plc posted a sharp drop in half-yearly profits on Thursday as rising interest rates hit trading volumes,…
Analysis-Moody’s warning on US banks a wake-up call for sanguine investors
By Saqib Iqbal Ahmed and Nupur Anand NEW YORK (Reuters) – The slide in U.S. bank stocks this week appeared…
Virginia becomes eighth US state to exit voter data-sharing pact
By Josephine Walker WASHINGTON (Reuters) – Virginia on Thursday became the eighth Republican-led U.S. state to leave a non-partisan voting-integrity…
Marketmind: A sticky inflation situation
A look at the day ahead in U.S. and global markets by Amanda Cooper Everyone is laser-focused on U.S. inflation…
Turkey’s inflation will fall permanently after transition period – Simsek
ISTANBUL (Reuters) – Turkey aims to lower soaring inflation permanently after a transitional period where prices remain high, Finance Minister…
Palm oil demand boosted as rival oil prices jump on supply woes
By Rajendra Jadhav MUMBAI (Reuters) -Demand for palm oil has been increasing as its discount to soyoil and sunoil has…
Disney creates task force to explore AI and cut costs -sources
By Dawn Chmielewski and Krystal Hu (Reuters) – Walt Disney has created a task force to study artificial intelligence and…