News

September 10, 2021 A look at the day ahead from Sujata Rao. A phone chat between the U.S. and Chinese presidents has made all the difference to markets’ mood: world stocks have snapped a three-day losing streak, the yuan is at one-week highs and U.S. Treasury yields are moving up. Yet there is no dismissing […]

September 10, 2021 SYDNEY (Reuters) – China has lobbied the Australian parliament to help it join a major regional trading pact, describing the strength of Chinese trade with Australia and avoiding mention of billions of dollars in punitive sanctions imposed by Beijing. The Chinese embassy’s suggestion, in a submission to a parliamentary inquiry, came in […]

September 10, 2021 LONDON (Reuters) – Investment bank JPMorgan slashed its price target for China’s debt-hobbled property giant Evergrande Group to HK$2.80 from HK$7.20 on Friday, saying there was likely to be more negative news about its finances. The bank also cut its recommendation to underweight from overweight. “We believe the company will continue to […]

September 10, 2021 BENGALURU (Reuters) – Indian conglomerate Reliance Industries delayed the launch of a low-cost smartphone it is developing with Google to November, citing an industry-wide semiconductor shortage. The “ultra-affordable” smartphone, developed jointly by Reliance’s telecom arm and Google, was set to be rolled out from Sept. 10. Companies globally are tackling a massive […]

September 10, 2021 By Tarek Amara and Angus McDowall TUNIS (Reuters) -Tunisian President Kais Saied plans to suspend the constitution and may amend the political system via a referendum, one of his advisers told Reuters on Thursday in the first clear indication of his plans after moves his critics have called a coup. More than […]

September 10, 2021 SHANGHAI (Reuters) – China will launch on Friday a long-awaited Wealth Management Connect scheme linking its southern province of Guangdong with neighbouring Hong Kong and Macau, as Beijing moves to integrate the mainland with the two territories more closely. The cross-boundary scheme will initially lead to combined fund flows of 300 billion […]

September 10, 2021 BEIJING (Reuters) – China’s auto sales fell 17.8% in August from the corresponding month a year earlier, industry data showed on Friday. Overall sales in the world’s biggest car market stood at 1.8 million vehicles in August, data from the China Association of Automobile Manufacturers (CAAM) showed. For the first eight months […]

September 10, 2021 (Reuters) -Cineworld, the world’s second-largest movie theatre operator, said it will pay $170 million to Regal Entertainment shareholders, who were disgruntled with the price they received when the London-listed company took over the U.S. chain in 2017. According to an agreement, $92 million will be held in escrow and be available to […]

September 10, 2021 ZURICH (Reuters) – Swiss stock exchange SIX has received regulatory approval from the financial market supervisor for its new SDX bourse, it said on Friday, paving the way for it to go live with its marketplace for digital assets. “The digitalization of financial markets continues apace, and while the final shape of […]

September 10, 2021 TOKYO (Reuters) – Toyota Motor Corp, the worlds biggest automaker by sales volume, cut its annual production target on Friday by 300,000 vehicles because of a global shortage of chips and supplies of auto parts from factories in Southeast Asia. The Japanese car maker now expects to build 9 million vehicles in […]

September 10, 2021 HONG KONG (Reuters) – A Hong Kong court on Friday rejected bail for the vice-chairwoman of a pro-democracy group that organises the annual June 4 rally to commemorate those who died in the bloody crackdown in and around Beijing’s Tiananmen Square in 1989. Chow Hang Tung, 36, and other members of the […]

September 10, 2021 LONDON (Reuters) – Support for British Prime Minister Boris Johnson’s Conservative party has slipped behind the opposition Labour party to its lowest level since the 2019 national election, a poll showed, after announcing a tax rise to fund health and social care. The poll, conducted by YouGov for the Times newspaper, showed […]

September 10, 2021 LONDON (Reuters) -Britain’s economy barely grew in July, rising by just 0.1% from June, the weakest expansion since January when the country went back into strict COVID-19 lockdown rules, official data showed on Friday. Economists polled by Reuters had mostly expected month-on-month growth of 0.6% in gross domestic product. Britain saw a […]

September 10, 2021 By Steve Keating NEW YORK (Reuters) – Leylah Fernandez may not feel the weight of expectation as she heads into the U.S. Open final but the Canadian teenager will have a chip on her shoulder put there by those who doubted her. Dropped from Tennis Quebec’s development program when she was seven-years-old […]

September 10, 2021 By Amy Tennery NEW YORK (Reuters) – “Bad memories” from Roland Garros may have foiled Maria Sakkari at the U.S. Open on Thursday, as the 17th seed fell in the semi-final of a Grand Slam for the second time this year. The Greek was the favourite heading into her encounter with 18-year-old […]

September 10, 2021 By Kantaro Komiya TOKYO (Reuters) – Japan’s exports likely surged for the sixth straight month in August thanks to strong global demand for machinery goods and a flattering comparison with last year’s pandemic-induced slump, a Reuters poll showed on Friday. Japan’s wholesale prices were expected to stay at more than 10-year highs […]

September 10, 2021 By Sara Cheng HONG KONG (Reuters) – Two dozen democratically-elected politicians swore loyalty to Hong Kong on Friday under a new patriotic law, but some opposition councillors may face disqualification if their oaths are judged insincere. The government enacted a law earlier this year that tightened patriotic loyalty tests by forcing all […]

September 10, 2021 (Reuters) – Manchester United forward Cristiano Ronaldo is capable of playing until he is 40 as he has adapted his playing style to extend his career, former captain Wayne Rooney said. Ronaldo, 36, spent six seasons at Old Trafford between 2003-09, winning eight major trophies, and rejoined United from Juventus last month […]

September 10, 2021 By Christopher Bing, Chris Prentice and Joseph Menn (Reuters) – A U.S. Securities and Exchange Commission investigation into the SolarWinds Russian hacking operation has dozens of corporate executives fearful information unearthed in the expanding probe will expose them to liability, according to six people familiar with the inquiry. The SEC is asking […]

September 10, 2021 HANOI (Reuters) – Vietnam plans to reopen the beach-fringed island of Phu Quoc to foreign tourists from next month, authorities said, as the country looks at ways to revive an economy suffering from extended lockdowns due to the coronavirus pandemic. The island, 10 km (6 miles) off the coast of Cambodia https://ift.tt/3hjKEFf, […]