Goldman’s China banks downgrade based on ‘pessimistic assumptions’ -state media
BEIJING (Reuters) – Goldman Sachs’ downgrade of some major Chinese lenders to “Sell” ratings is based on “pessimistic assumptions,” state-backed…
Economy
VW ready to deal with China metal curbs; chipmakers play down fallout
By Ben Blanchard and Jan Schwartz TAIPEI (Reuters) -Volkswagen is monitoring metals markets after China imposed export restrictions on two…
Japan’s base salaries jump most since 1995, puts BOJ policy into view
By Satoshi Sugiyama and Kantaro Komiya TOKYO (Reuters) -Japan’s nominal base salary grew at the fastest pace in 28 years…
Stocks sink as bond yields rise, U.S. jobs data fuels rate hike fears
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – MSCI’s global index of stocks fell on Thursday while Treasury…
BOJ deputy governor Uchida vows to keep yield control for now – Nikkei
By Leika Kihara TOKYO (Reuters) -Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said the central bank will maintain its…
Canada agrees up to C$15 billion in incentives for Stellantis-LGES battery plant
By Ismail Shakil OTTAWA (Reuters) -Canada will provide up to C$15 billion ($11.23 billion) in production incentives for a Stellantis-LG…
Wall St logs sharp losses as labor market strength stokes rate-hike fears
By Lewis Krauskopf, Bansari Mayur Kamdar and Johann M Cherian (Reuters) – Wall Street’s main indexes ended sharply lower on…
Canada port strike may add to inflation concerns ahead of rate decision
By Fergal Smith TORONTO (Reuters) -The Canadian dock workers strike is another factor for the Bank of Canada (BoC) to…
Rothschild family buys 8.2 million shares of Paris-listed investment bank
(Reuters) – Concordia said on Thursday it had acquired all the shares it was permitted to acquire of Rothschild &…
US’s Yellen lands in China, hopes to thaw icy relations
By Andrea Shalal and Yew Lun Tian BEIJING (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday began a four-day visit…