Norway wealth fund trims overweight tech investments
ARENDAL, Norway (Reuters) – Norway’s sovereign wealth fund has recently reduced its overweight investment position in major tech firms, Chief…
Alibaba’s DingTalk to split from Cloud business group – sources
By Casey Hall SHANGHAI (Reuters) -Alibaba Group’s work communication and collaboration platform DingTalk will split from the company’s cloud division,…
UK house prices rise by least since 2020 and fall in London – ONS
LONDON (Reuters) – British house prices increased by 1.7% in the 12 months to June, the Office for National Statistics…
Russian attack damages grain silos at Ukraine’s Danube port of Reni – Kyiv
By Pavel Polityuk KYIV (Reuters) – Russian drone strikes damaged grain silos and warehouses at the Ukrainian river port of…
Analysis-Country Garden undone by promise to bring 5-star life to China’s hinterland
By Clare Jim HONG KONG (Reuters) – China’s financially beleaguered property developer Country Garden promised “five-star living” to the masses…
Yield gap between China and US widens to highest since 2007 after surprise rate cut
SHANGHAI/SINGAPORE (Reuters) – Yield differentials between China and the U.S. widened to their highest in 16 years on Wednesday, as…
Boeing China appoints new president amid Sino-US tensions
BEIJING (Reuters) – Boeing named Alvin Liu head of its China unit on Wednesday, picking a Chinese-born representative recently hired…
Dutch economy enters recession as inflation bites
AMSTERDAM (Reuters) – The Dutch economy has entered a recession as it shrank 0.3% on a quarterly basis in the…
‘BRICS bank’ issues first South African rand bonds
By Rachel Savage JOHANNESBURG (Reuters) – The development bank founded by the so-called BRICS countries closed the auction for its…
Thai key rate near balanced level, politics won’t impact policy -central bank chief
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s current level of the benchmark interest rate was nearly balanced,…