Exclusive-China’s Qingdao sets up firm to bail out its local govt financing arms-sources
By Samuel Shen and Tom Westbrook (Reuters) – Qingdao city in China’s debt-laden Shandong province has set up a company…
Business
Chocolate maker Barry Callebaut’s sales fall on low demand
(Reuters) -Barry Callebaut, the world’s biggest chocolate maker, on Thursday reported lower nine-month sales volumes than a year ago as…
Pain trade or same trade? Investors refuse to fold on recession bets
By Naomi Rovnick, Marc Jones and Alun John LONDON (Reuters) – It was not meant to be this way. The…
US stock investors count on earnings to propel rally after upbeat CPI report
By Lewis Krauskopf NEW YORK (Reuters) -As U.S. inflation cools and growth remains resilient, bullish investors are counting on the…
Bank of Korea stays on hold, price pressures remain
By Jihoon Lee and Joyce Lee SEOUL (Reuters) -South Korea’s central bank held interest rates steady for a fourth straight…
Marketmind: UK data deluge and the run-up to recession
A look at the day ahead in European and global markets from Vidya Ranganathan A big bunch of numbers is…
Big companies toughen banking partner screening after crisis – survey
By Laura Matthews NEW YORK (Reuters) – Large companies are spreading out their counterparty risk and increasing screening of their…
Barclays eyes smaller units for growth in strategic review, risks investor ire
By Sinead Cruise, Lawrence White and Stefania Spezzati LONDON (Reuters) – Barclays is betting it can revive its wilting share…
Kia to invest $200 million in US plant, build EV9 SUV in 2024
By David Shepardson (Reuters) -Kia said on Wednesday it will invest more than $200 million in its assembly plant in…
FTC to appeal judge’s decision to let Microsoft buy Activision
By Diane Bartz WASHINGTON (Reuters) -The U.S. Federal Trade Commission (FTC) said on Wednesday it was appealing a federal judge’s…