September 29, 2021 MELBOURNE (Reuters) – A group of six investors with a combined $4 trillion of assets under management, including Fidelity International, said on Wednesday it aims to step up engagement with big Asian companies like banks and energy producers to ensure they have a road map to meet climate change targets. Initial engagement […]
China Evergrande shares rise, as it faces bond interest payment
September 29, 2021 HONG KONG (Reuters) – Shares of embattled China Evergrande rose around 2% on Wednesday ahead of a deadline for an interest payment to offshore bondholders that gives the property developer its next test in public markets. Evergrande missed a bond interest payment last week and has another coupon payment of $47.5 million […]
Dollar stands tall as traders brace for tapering
September 29, 2021 By Tom Westbrook SINGAPORE (Reuters) – The dollar traded near its highest levels of the year on Wednesday, after driving higher with U.S. yields and benefiting from investor nervousness about the Federal Reserve starting to withdraw policy support just as global growth headwinds gather. The dollar rose broadly overnight to lift the […]
Apple, Google asked to turn in South Korea compliance plans by mid-October
September 29, 2021 SEOUL (Reuters) – Apple and Alphabet’s Google have been asked to turn in by mid-October compliance plans for a new South Korean law that bans major app store operators from forcing software developers to use their payment systems, a regulatory official said on Wednesday. Apple and Google did not have immediate comment. […]
China Evergrande to sell $1.5 billion stake in Shengjing Bank to state firm
September 29, 2021 HONG KONG (Reuters) -Cash-strapped China Evergrande Group said on Wednesday it plans to sell a 9.99 billion yuan ($1.5 billion) stake it owns in Shengjing Bank Co Ltd to a state-owned asset management company as it scrambles to raise funds. After missing a bond interest payment last week, Evergrande faces a big […]
Investors brace for rough ride as Evergrande faces payment deadline
September 29, 2021 HONG KONG (Reuters) – Investors were bracing for potential market turbulence on Wednesday as a bond coupon payment for China Evergrande Group comes due, giving the embattled property developer its next test in public markets. Once the face of China’s frenzied building boom, Evergrande has now become the face of a crackdown […]
Facebook whistleblower to testify at U.S. Senate hearing next week, lawmakers say
September 29, 2021 WASHINGTON (Reuters) – Two U.S. senators said on Tuesday a Facebook Inc whistleblower will testify at a Senate hearing next week about what one of them called the social media company’s “toxic effects” on young users. “This whistleblower’s testimony will be critical to understanding what Facebook knew about its platforms’ toxic effects […]
Women across Latin America march in favor of abortion rights
September 29, 2021 By Ana Isabel Martinez MEXICO CITY (Reuters) – Thousands of women demonstrated in several Latin American cities on Tuesday to commemorate the global day of action for access to safe and legal abortion, in a region where the procedure is fully permitted only in a handful of countries. In Mexico City, women […]
INEOS Automotive plans 2022 Europe launch for off-road vehicle
September 29, 2021 By Nick Carey LONDON (Reuters) – INEOS Automotive, a unit of chemicals and energy giant INEOS, will launch a rugged off-road vehicle in Europe in 2022 and North America in 2023 for farmers and other primarily rural uses, it said on Wednesday, The company plans initially to launch with a utilitarian version […]
Chile lawmakers take ‘first step’ towards easing abortion rules
September 29, 2021 By Fabian Cambero SANTIAGO (Reuters) – Chile’s lower Chamber of Deputies approved on Tuesday a plan to debate a bill that would expand the legal access for women to get abortions, despite opposition from the South American country’s center-right government. The lower house passed the motion with 75 votes in favor versus […]
Unpaid by Evergrande, supplier sells Porsche and home to rescue his business
September 29, 2021 By David Kirton GUANGZHOU, China (Reuters) -Guo Hui, whose cleaning business is owed 20 million yuan ($3.1 million) by embattled real estate giant China Evergrande, is counting on the government to fix a crisis that has left his own company on the brink of bankruptcy. In the meantime, the 50-year-old known by […]
Brazil hospital chain hid COVID-19 deaths, whistleblowers’ lawyer tells Senate
September 28, 2021 By Anthony Boadle BRASILIA (Reuters) -A Brazilian hospital chain tested unproven drugs on elderly COVID-19 patients without their knowledge as part of an effort to validate President Jair Bolsonaro’s preferred ‘miracle cure,’ a lawyer for whistleblowing doctors told senators on Tuesday. At least nine people died of COVID-19 during the trials at […]
Basketball-With an ‘underdog’ mentality, Connecticut’s Jones snares WNBA MVP honor
September 28, 2021 (Reuters) -Connecticut Sun forward Jonquel Jones said an “underdog” mentality helped propel her to the top of her sport, after being named the winner of the WNBA’s Most Valuable Player award on Tuesday. Jones won the award in her fifth WNBA season after she received 48 of 49 first-place votes and 487 […]
Britons turn more downbeat about finances as inflation rises
September 28, 2021 LONDON (Reuters) – People in Britain have reported a first worsening in their financial situation in more than a year as inflation pushes up the cost of living, a survey showed on Wednesday. The Household Finance Index published by Scottish Widows, an insurance and pensions firm, fell to 44.0 in the July-September […]
China vaunts air power, civil growth at Zhuhai show
September 28, 2021 By David Kirton ZHUHAI, China (Reuters) -China touted its expanding military air power and hopes of capturing a growing share of its civil aviation market for domestic producers at a national air show inaugurated amid regional tensions over Taiwan and disruption from the pandemic. Typically held every other year in the southern […]
China asking state-backed firms to pick up Evergrande assets – sources
September 28, 2021 By Clare Jim and Jing Xu HONG KONG (Reuters) -Beijing is prodding government-owned firms and state-backed property developers such as China Vanke Co Ltd to purchase some of embattled China Evergrande Group’s assets, people with knowledge of the matter said. Evergrande, saddled with $305 billion in liabilities, is teetering on the brink […]
Musk says Biden’s EV policy ‘controlled by unions’-Code Conference
September 28, 2021 By Tina Bellon and David Shepardson (Reuters) -Tesla Inc Chief Executive Elon Musk said on Tuesday U.S. President Joe Biden’s administration was not the friendliest and its electric vehicle policy appeared to be controlled by labor unions. Speaking at a tech conference in California, Musk was critical of a White House summit […]
Netflix buys first video game studio, rolls out mobile games
September 28, 2021 (Reuters) – Netflix has bought video game creator Night School Studio and rolled out five mobile gaming titles in select European markets, the company said on Tuesday, as it looks to diversify revenue sources amid intensifying competition in the streaming space. Night School Studio, the company’s first gaming studio purchase, is best […]
Japan’s ruling party votes for new leader who will almost certainly be next PM
September 28, 2021 By Antoni Slodkowski TOKYO (Reuters) – Japan’s ruling party votes for a new leader on Wednesday who will almost certainly become the next prime minister ahead of a general election due in weeks and with the economy staggering from the COVID-19 pandemic. Prime Minister Yoshihide Suga, his support in tatters ahead of […]
Canada regulator seeks information from public on Rogers-Shaw deal
September 28, 2021 (Reuters) – A Canadian regulator on Tuesday asked for information from the public on telecom company Rogers Communications Inc’s planned C$20 billion ($16 billion) purchase of Shaw Communications Inc to check for competition concerns. The deal announced in March to create Canada’s second-largest cellular and cable operator has attracted regulatory scrutiny. The […]
