China’s Xpeng falls on dull forecast as EV price war takes toll
(Reuters) – Xpeng on Friday forecast third-quarter revenue below analysts’ expectations and reported a hit to margins following an inventory…
2023
Ex-Trump administration officials target corporate diversity efforts
By Daniel Wiessner (Reuters) – Activision Blizzard Inc and Kellogg Co have joined a growing list of major U.S. companies…
Furious Chinese investors lodge complaints over trust firm’s missed payments
BEIJING (Reuters) – Angry investors in trust products of a leading Chinese shadow bank have lodged complaint letters with regulators,…
China trust deficit: crisis spurs shadow banking policy response calls
By Summer Zhen, Laura Matthews HONG KONG/NEW YORK (Reuters) -Chinese fears of a spillover from missed payments on some shadow…
ECB to raise objections to Italy’s windfall tax on banks – press
ROME (Reuters) – The European Central Bank (ECB) is preparing to send a letter to Italy raising objections about the…
Australian wine industry faces hangover from China’s high tariffs
By Praveen Menon SYDNEY (Reuters) – Australia’s wine industry faces severe oversupply problems that will need years to resolve, experts…
Marketmind: Bonds find respite but China crisis festers
A look at the day ahead in U.S. and global markets from Mike Dolan A rekindled bond market fire storm…
Taiwan sees economic growth this year at slowest in 8 years
By Jeanny Kao and Faith Hung TAIPEI (Reuters) – Taiwan’s export-dependent economy will probably grow at its slowest pace in…
US approves sending F-16s to Ukraine from Denmark and Netherlands
By Steve Holland and Idrees Ali WASHINGTON (Reuters) -The United States has approved sending F-16 fighter jets to Ukraine from…
Conservative think tank emerges as force behind DeSantis campaign
By Gram Slattery WASHINGTON (Reuters) – In mid-March, Florida Governor Ron DeSantis described the Ukraine war as a “territorial dispute”…