News

September 15, 2021 BEIJING (Reuters) – China’s new home prices grew at their slowest pace in eight months in August, official data showed on Wednesday, as a slew of measures to cool the country’s red-hot property market took a toll on demand in the world’s second-largest economy. Average new home prices in China’s 70 major […]

September 15, 2021 BEIJING (Reuters) – China’s industrial output grew 5.3% in August from the same period a year ago, narrowing from a 6.4% increase in July, while retail sales growth slowed significantly, official data showed on Wednesday. The growth of industrial production missed expectations for a 5.8% year-on-year increase in a Reuters poll of […]

September 15, 2021 By Elizabeth Dilts Marshall NEW YORK (Reuters) – Global equity markets and U.S. bond yields fell on Tuesday after data showed inflation cooling in the Unites States, raising fresh questions on when the U.S. central bank will begin tapering its asset purchases. MSCI’s world stocks benchmark fell 0.33%, and all 11 major […]

September 15, 2021 By Kevin Buckland TOKYO (Reuters) – The dollar drifted within recent ranges against major peers on Wednesday after softer-than-expected U.S. inflation raised doubts about a taper of Federal Reserve stimulus this year. The dollar index stood at 92.632, little changed from Tuesday, when it dropped following the inflation data only to recover […]

September 15, 2021 By Jessica Jaganathan SINGAPORE (Reuters) – Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States, the world’s largest oil consumer, and on expectations that demand will recover as vaccine roll-outs widen. Brent crude oil rose 39 cents, or 0.5%, […]

September 15, 2021 (Reuters) – Telecoms company AT&T said it anticipates that the pending deal to combine WarnerMedia’s media assets with Discovery Inc will close by the middle of 2022. AT&T is in the process of unwinding its expensive media investments to focus on its original business of providing phone and internet services. It is […]

September 15, 2021 (Reuters) – U.S. cryptocurrency exchange Coinbase Global Inc said on Tuesday it increased the size of its debt offering to about $2 billion from previously announced $1.5 billion, citing market interest. The offering will be used to invest in product development and potential mergers and acquisitions, the company said. The fundraising plans […]

Rivian vehicles have received certifications from three agencies, the final hurdle that allows the electric automaker to sell and deliver its R1T pickup truck and R1S SUV in all 50 U.S. states. Rivian confirmed to TechCrunch in an email that the vehicles are fully certified by the National Highway Traffic Safety Administration, the Environmental Protection […]

September 15, 2021 (Reuters) – An advisory group to the World Anti-Doping Agency (WADA) will review whether cannabis should remain a banned substance, a move that comes after American track and field star Sha’Carri Richardson missed the Tokyo Games after testing positive for it. The scientific review will be initiated next year, WADA said on […]

September 15, 2021 SYDNEY (Reuters) – A measure of Australian consumer sentiment bounced in early September amid hopes harsh coronavirus restrictions would soon be eased as the pace of vaccinations stepped up markedly across the states. The Westpac-Melbourne Institute index of consumer sentiment released on Wednesday rose 2.0% in September, recouping some of August’s 4.4% […]

September 15, 2021 SYDNEY (Reuters) – Australia saw a 13% jump in cyber crime reports in the past year, the government said on Wednesday, with about one incident in four targeting critical infrastructure and essential services as many work from home during the COVID-19 pandemic. The Australian Cyber Security Centre (ACSC) received one cybercrime report […]

September 15, 2021 BEIJING (Reuters) – China reported on Wednesday 73 new confirmed coronavirus cases in the mainland for Sept. 14, compared with 92 a day earlier, according to the National Health Commission. Of the new infections, 50 were locally transmitted, all of which were in Fujian, the health authority said. That compares with 59 […]

September 15, 2021 (Reuters) – A month after seizing Kabul, the Taliban face daunting problems as they seek to convert their lightning military victory into a durable peacetime government. After four decades of war and the deaths of tens of thousands of people, security has largely improved, but Afghanistan’s economy is in ruins despite hundreds […]

September 15, 2021 WASHINGTON (Reuters) – The United States is pushing global leaders to endorse what it calls ambitious targets for ending the COVID-19 pandemic, including ensuring 70% of the world’s population is vaccinated against the virus by the 2022, according to a draft U.S. document viewed by Reuters on Tuesday. The three-page outline is […]

September 15, 2021 (Reuters) – It has been a month since the Taliban swept to power in Afghanistan, seizing the capital Kabul with barely a fight. Following are the main events in Afghanistan over the last month: Aug. 15 – Taliban fighters enter the capital Kabul, completing a lightning offensive that saw provincial capitals fall […]

September 15, 2021 By David Stanway and Muyu Xu SHANGHAI (Reuters) – China’s refusal to accept requests for deeper carbon emissions cuts during recent visits from the top climate envoys of the United States and Britain may undermine progress at the upcoming global climate summit in Glasgow in November, experts say. China rebuffed U.S. envoy […]

September 15, 2021 SAO PAULO (Reuters) – Pele has been moved out of intensive care and into a general room after the Brazilian soccer great underwent surgery to remove a tumor in his right colon, Sao Paulo’s Albert Einstein hospital said on Tuesday. The hospital added in the statement that the 80-year-old is in good […]

September 15, 2021 (Reuters) – On Holding AG, a shoe firm backed by Swiss tennis legend Roger Federer, on Tuesday priced its initial public offering (IPO) well above the target range, valuing the company at over $6 billion. On priced 31.1 million shares offered at $24 each, compared with a target range of $18 to […]

September 15, 2021 By Sophie Yu and Brenda Goh BEIJING (Reuters) -Chinese retailer Miniso Group will open a ‘flagship’ New York store and nearly double its U.S. outlets this year, betting post-pandemic shoppers on a budget will snap up cheap but fun goods for homes and work like $10 soft toy cats and $4 staplers […]

September 15, 2021 HONG KONG (Reuters) – Macau’s government is due to begin a 45-day public gaming consultation starting Wednesday as it tries to gauge public consensus ahead of a closely watched rebidding of its multi-billion dollar casinos next year. Lei Wai Nong, secretary for economy and finance in the world’s biggest gambling hub, said […]