China’s biggest state banks cut deposit rates
BEIJING (Reuters) -China’s biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could…
Business
StanChart trimming roles as part of cost cuts – Bloomberg News
(Reuters) -Standard Chartered is starting to lay off employees across Singapore, London, and Hong Kong hubs as part of an…
TikTok seeks up to $20 billion in e-commerce business this year – Bloomberg News
(Reuters) -ByteDance-owned TikTok hopes to more than quadruple the size of its worldwide e-commerce operations to as much as $20…
Japan keeps growth focus but signals end to crisis-mode fiscal largesse
By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) – Japan is committed to putting economic growth before fiscal reform, Prime…
China’s exports tumble in May as global demand falters
By Joe Cash BEIJING (Reuters) -China’s exports shrank much faster than expected in May while imports extended declines with a…
One-off rate hike ‘skip’ would be Fed first: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -If the Federal Reserve ‘skips’ raising interest rates next week only to tighten monetary…
Key US auto safety official resigns to join Zoox
By David Shepardson WASHINGTON (Reuters) – The head of the U.S. auto safety agency’s defects investigation office said on Wednesday…
Embattled CEO Chris Licht out at CNN
By Helen Coster (Reuters) -CNN Chairman and Chief Executive Chris Licht has stepped down from the media company, effective immediately,…
S&P 500, Nasdaq close lower as traders cash in on latest megacap rally
By Shubham Batra, Shristi Achar A and David Carnevali (Reuters) – The S&P 500 and Nasdaq closed in negative territory…
Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe
By Hannah Lang, Manya Saini and Niket Nishant (Reuters) -Coinbase Chief Executive Brian Armstrong on Wednesday hit back at U.S….