By Selena Li HONG KONG (Reuters) – BlackRock Inc’s head of China business, Tony Tang, is leaving the asset manager, the company said on Tuesday, after having played a key role in expanding operations in the world’s second-largest economy. BlackRock, the world’s largest asset manager, said Tang “has expressed an interest in exploring opportunities” outside…
By Maria Martinez BERLIN (Reuters) -A drop-off in spending by inflation-hit consumers was one of the main reasons Germany fell into recession in the first quarter, even as other countries in the region managed to avoid it. What’s more, even with inflation starting to ease across Europe, the signs are that Germany’s famously thrifty shoppers…
By Clare Jim and Liangping Gao HONG KONG (Reuters) -China property stocks listed in Hong Kong jumped as much as much as 7.9% on Tuesday, as investors clung to hopes that Beijing would roll out more supportive measures soon to bolster the embattled sector. Once a pillar of economic growth, the sector has softened since…
By Roushni Nair (Reuters) – Most Asian currencies traded mixed on Tuesday as economic data in the U.S. pointed to sluggish growth in the country’s services sector, further bolstering the case for a pause in interest rate hikes by the Federal Reserve next week. The Malaysian ringgit and Thailand’s baht depreciated as much as 0.5%…
By Lisa Pauline Mattackal and Medha Singh (Reuters) – It’s a tense time for bitcoin investors. Watch. Wait. Don’t make the first move. The capricious cryptocurrency’s been uncommonly quiet over the past four weeks, bound in the range of $28,452 and $25,800. Even the end of the U.S. debt ceiling saga did little to whet…
By Stephen Nellis CUPERTINO, California (Reuters) – Apple Inc on Monday let analysts and media, including Reuters, try its $3,499 Vision Pro headset. What is immediately clear is the device is not yet meant for a mass market: a test drive requires a setup session with Apple staff and a quick visit with a vision…
By Hannah Lang, Jonathan Stempel and Tom Wilson WASHINGTON (Reuters) – U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a “web of deception,” piling further pressure on the world’s biggest cryptocurrency exchange and sending bitcoin to its lowest in almost three months. The Securities and Exchange Commission (SEC) complaint,…
A look at the day ahead in European and global markets from Ankur Banerjee: Markets are increasingly looking for the Federal Reserve to pause rate hikes next week, and, amid a blackout on Fed speakers, will be focusing heavily on economic data in the days ahead. Throwing markets a slight curveball on Tuesday, Australia’s central…
By Stephen Nellis CUPERTINO, California (Reuters) -Apple on Monday unveiled a costly augmented-reality headset called the Vision Pro in its riskiest bet since the introduction of the iPhone more than a decade ago, barging into a market dominated by Meta. At its annual developer conference, Apple also introduced a raft of new products and features,…
BEIJING (Reuters) – China will likely further cut banks’ reserve ratio and interest rates in the second half of this year to support the economy, the China Securities Journal reported on Tuesday, citing policy advisors and economists. China’s economy rebounded faster than expected in the first quarter but lost momentum at the beginning of the…
