Factbox-Five facts about China asset manager whose troubles fanned spillover fears
BEIJING/SHANGHAI (Reuters) – A liquidity crisis at one of China’s top asset managers Zhongzhi Enterprise Group has fuelled worries that…
August 2023
Chinese banks should keep a ‘proper level’ of profit margins -central bank
BEIJING (Reuters) – Chinese commercial banks need to maintain a proper level of profit and net interest margins to ensure…
Nigerian court adjourns suspended central bank governor’s fraud hearing
ABUJA (Reuters) – A Nigerian court in the capital Abuja adjourned a hearing on Thursday for suspended central bank governor…
Lenovo Q1 revenue misses forecasts, hit by poor PC demand
By Josh Ye HONG KONG (Reuters) -China’s Lenovo Group on Thursday posted a worse-than-expected 24% fall in revenue for the…
New York City bans TikTok on government-owned devices over security concerns
By Kanishka Singh WASHINGTON (Reuters) – New York City on Wednesday banned TikTok on government-owned devices, citing security concerns, joining…
Games group Embracer’s share rally as maintains outlook
By Jesus Calero and Marie Mannes STOCKHOLM (Reuters) -Swedish games developer Embracer on Thursday reported slightly weaker than expected operating…
Bankruptcies in the EU highest since 2015, Eurostat says
(Reuters) – Bankruptcy declarations in the European Union reached the highest level since 2015 in the second quarter of this…
Analysis: Why is China not rushing to fix its ailing economy?
By Laurie Chen and Yew Lun Tian BEIJING (Reuters) – With China at risk of tipping into prolonged stagnation and…
Rouble strengthens as market anticipates possible capital controls
By Alexander Marrow and Elena Fabrichnaya (Reuters) – The Russian rouble strengthened to 93 against the dollar on Thursday, in…
Euro zone swings into trade surplus in June as Russia imports plummet
BRUSSELS (Reuters) – The euro zone swung back into a large trade surplus in June from a similar size deficit…