By Sarah Marsh and Andreas Rinke BERLIN (Reuters) – Chancellor Olaf Scholz faces a delicate balancing act this week at German-Chinese government consultations in Berlin, seeking to maintain good ties with Germany’s largest trade partner while complying with a G7 pledge to “de-risk” from Beijing. Scholz receives Chinese premier Li Qiang for dinner in the…
By Xie Yu, Ziyi Tang and Julie Zhu HONG KONG (Reuters) – From cutting salaries and bonuses and asking staff not to wear expensive clothes and watches at work, to reining in travel and entertainment expenses, Chinese financial firms have jumped on an austerity drive as Beijing pushes to bridge the wealth gap. The steps…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian market trading will be lighter than usual on Monday with no major regional economic data scheduled and U.S. markets closed, leaving investors to gear up for the first major event of the week on…
By Noele Illien ZURICH (Reuters) -Voters in Switzerland on Sunday approved the introduction of a global minimum tax on businesses and a climate law that aims to cut fossil fuel use and reach zero emissions by 2050, public broadcaster SRF reported. The results showed almost 80% of those who voted in Sunday’s national referendum backed…
By Humeyra Pamuk BEIJING (Reuters) -The U.S. secretary of state and Chinese foreign minister on Sunday held what both called candid and constructive talks on their differences from Taiwan to trade but seemed to agree on little beyond keeping the conversation going with an eventual meeting in Washington. Speaking after a 5-1/2 hour meeting followed…
(Reuters) – SVB Financial Group said on Sunday it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led by Jeff Leerink and backed by funds managed by The Baupost Group. The bidder group led by Leerink, who is chief executive of SVB Securities, will acquire the investment…
PARIS (Reuters) – Boeing expects to increase production of its best-selling 737 MAX to 38 jets a month “pretty soon,” but the company is likely to see supply chain instability at every rate increase, the head of Boeing Commercial Airplanes (BCA) said Sunday. Boeing had planned to bolster 737 MAX production from its current 31…
By Lewis Krauskopf, Saqib Iqbal Ahmed and David Randall NEW YORK (Reuters) -A few months ago, most investors feared having too much exposure to equities. Now many are worried they may not have enough. The 15% year-to-date rally in the S&P 500 is pulling once doubtful investors back into the market. Many who had whittled…
By Tim Hepher PARIS (Reuters) – After a decade in the shadows, one of Europe’s mystery aerospace projects – the X9 helicopter – is taking shape as a potential future successor to Airbus Helicopters’ H145 light-twin chopper, with plans for a demonstrator underway, industry sources said. The X9 was one of two coded projects briefly…
(Reuters) – Binance has issued a cease and desist order to “Binance Nigeria Limited”, Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a “scammer entity”. Earlier this month, Nigeria’s markets regulator ordered Binance to halt its operations in the country, saying local unit “Binance Nigeria Limited” that courted Nigerian…
