Central banks push markets to rip up rate-cut playbook
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) -Hawkish central banks have sent a resounding “no” to markets betting recession…
Business
India’s merchandise import jump in may signals stable local economy – economists
By Ira Dugal MUMBAI (Reuters) – A sequential increase in merchandise imports in May that led to the trade deficit…
Micron says it is committed to China, invests $602 million in plant
By Brenda Goh SHANGHAI (Reuters) -U.S. memory chipmaker Micron said on Friday it was committed to China and would invest…
BofA Global Research cuts 2023 China growth forecast after weak May data
(Corrects story identifier, also widens distribution) (Reuters) -BofA Global Research on Friday trimmed its China economic growth forecast for 2023,…
Marketmind: The UK consumer is feeling the heat
A look at the day ahead in European and global markets from Vidya Ranganathan It’s not just the heatwave. UK…
BlackRock files for bitcoin ETF in push into crypto
(Reuters) -BlackRock, the world’s biggest asset manager, on Thursday filed for a bitcoin exchange-traded fund (ETF) that would allow investors…
Nikola founder urges vote against critical share proposal
By Abhirup Roy SAN FRANCISCO (Reuters) – Nikola’s top shareholder and founder, Trevor Milton, on Thursday urged investors to vote…
China encourages private firms to participate in key supply chain projects
BEIJING (Reuters) – China will speed up the process to allow private firms to access infrastructure of major national scientific…
China’s Xpeng expands self-driving capability to Beijing, eyes wider expansion
HONG KONG (Reuters) – Chinese electric vehicle maker Xpeng Inc on Thursday expanded its self-driving capability to Beijing as part…
Chinese e-commerce giants entice cautious consumers with steep mid-year discounts
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – China’s e-commerce platforms are competing fiercely in the country’s first major…