By Karin Strohecker and Andrea Shalal LONDON/WASHINGTON (Reuters) – A failure to secure meaningful progress on a debt relief for the world’s poorest nations at the International Monetary Fund and World Bank annual meeting in Washington has left policymakers, campaigners and investors frustrated. Two years ago the Group of 20 launched the Common Framework –…
BEIJING (Reuters) – China’s economy has high resilience, sufficient potential and room for manoeuvre, President Xi Jinping said on Sunday, during a ceremony where China unveiled the new members of its highest political body, the Politburo Standing Committee. China will open its doors even wider, Xi also said to dozens of journalists packed into a…
(Reuters) -Dietrich Mateschitz, the Austrian billionaire founder and owner of energy drink company Red Bull, died on Saturday at the age 78 after a serious illness with cancer. His death was confirmed by the championship-leading Red Bull Formula One team. The Styrian-born entrepreneur built a global empire around the energy drink Red Bull and was…
(Reuters) – Dietrich Mateschitz, the billionaire founder and owner of energy drink company Red bull, died at the age 78, Sky News reported on Saturday. (Reporting by Akanksha Khushi in Bengaluru; Editing by Daniel Wallis)
LONDON (Reuters) – Bank of England policymaker Catherine Mann said on Saturday that bond purchases by the central bank in the days after the government’s “mini-budget” fiscal plan last month to calm financial markets were “very targeted and temporary.” “The financial stability approach, the requirements for financial stability was very targeted, and temporary,” Mann said…
LOS ANGELES (Reuters) – Streaming giant Netflix has opened a Los Angeles store that it hopes will combine retail therapy with an “immersive” experience for fans of its popular “Stranger Things,” “Bridgerton,” and “Squid Game” shows. The store – open until early January – offers shoppers the chance to take photos alongside the iconic Young-hee…
By Echo Wang NEW YORK (Reuters) – Nasdaq Inc has put the brakes on initial public offering (IPO) preparations of at least four small Chinese companies while it investigates short-lived stock rallies of such firms following their debuts, according to lawyers and bankers who work on such stock launches. The stock exchange operator’s actions come…
By Chris Prentice WASHINGTON (Reuters) -California-based Toymaker Mattel Inc has agreed to pay $3.5 million to settle U.S. Securities and Exchange Commission (SEC) charges over financial misstatements in 2017, the agency said on Friday. Mattel, which makes Barbie and Fisher-Price toys, incorrectly reported its losses during the third and fourth quarters of 2017 due to…
By Kevin Yao and Xie Yu BEIJING/HONG KONG (Reuters) – China’s central bank chief Yi Gang is likely to step down after he was dropped from an elite body of the ruling Communist Party, with a former central banker a leading contender to succeed him, sources close to the central bank said. The potential retirement…
By Shinji Kitamura and Yoshifumi Takemoto TOKYO (Reuters) -Japan intervened in the foreign exchange market on Friday to buy yen for the second time in a month after the currency hit a 32-year low near 152 to the dollar, a government official and another person familiar with the matter told Reuters. Japan has been attempting…
