News

September 24, 2021 A look at the day ahead from Saikat Chatterjee. World markets remain on edge on Friday as simmering concerns about the fate of embattled property developer China Evergrande Group and a sudden spike in bond yields remind investors that the final quarter of 2021 will be tricky to navigate. European and U.S. […]

September 24, 2021 By Adnan Abidi MALANA, India (Reuters) – To visit the Indian village of Malana deep in the Himalayas, a COVID-19 vaccination team scrambled over a landslide that blocked the road the day before, scaled a retaining wall and then began a three-hour trek down and up a river valley. Despite the hostile […]

September 24, 2021 By Oliver Hirt ZURICH (Reuters) – A potential lurch to the left in Germany’s election on Sunday is scaring millionaires into moving assets into Switzerland, bankers and tax lawyers say. If the centre-left Social Democrats (SPD), hard-left Linke and environmentalist Greens come to power, the reintroduction of a wealth tax and a […]

Amazon has launched Prime Video Channels in India, allowing its customers to subscribe to eight streaming services including Discovery+ and Mubi from one hub, the latest in a series of efforts by the U.S. giant to win customers in the South Asian nation. The new offering makes it easier for users to login and pay […]

September 24, 2021 BERLIN (Reuters) – Daimler’s Mercedes-Benz on Friday said it will take a 33% stake in battery cell manufacturer Automotive Cells Company (ACC) alongside the project’s original founders Stellantis and TotalEnergies. The purpose of the partnership is to develop cells and battery modules and “help ensure that Europe remains at the heart of […]

September 24, 2021 TOKYO (Reuters) – Japan’s COVID-19 infection situation is improving such that emergency conditions could soon be lifted in most parts of the country, the health minister said on Friday. Hospitalisation rates and patient bed availability will factor into whether the state of emergency prevailing over Tokyo and much of the country can […]

September 24, 2021 By Angelo Amante, Gavin Jones and Giuseppe Fonte ROME (Reuters) – Prime Minister Mario Draghi set an ambitious reform timeline to relaunch Italy’s chronically sluggish economy after the COVID-19 pandemic, but political disputes and cloying bureaucracy are starting to get in his way. The government has been trying for weeks to overcome […]

September 24, 2021 Tim Anderson homered twice to help the visiting Chicago White Sox clinch the American League Central title with a 7-2 victory over the Cleveland Indians on Thursday in the opener of a doubleheader. Anderson led off the game with a homer and added a three-run shot to highlight a six-run second inning […]

September 24, 2021 (Reuters) – Tyrrell Hatton expects to be needled by U.S. fans at the Ryder Cup but the fiery Englishman said on Thursday he will try to keep a lid on his emotions at Whistling Straits for the sake of his European team mates. Hatton, who has said his name would be “Headcase […]

September 24, 2021 BEIJING (Reuters) – Analysts at Nomura cut their forecast for China’s annual gross domestic product (GDP) growth in 2021 to 7.7% from 8.2% on Friday, citing the impact of factories pausing operations amid power outages and environmental policies. “Over recent weeks, a surging number of factories across China have been forced to […]

September 24, 2021 BEIJING (Reuters) – Over 200 Chinese gaming companies have pledged to regulate their industry to combat gaming addiction, including through the possible use of facial recognition to identify minors, a state-backed gaming association said on Friday. The statement, published by the CGIGC gaming association, which is affiliated to the online game publishing […]

September 24, 2021 SINGAPORE/HONG KONG (Reuters) – Some of China Evergrande Group’s offshore bondholders have not received interest payment by a Thursday deadline U.S. time, two people familiar with the matter said, as worries about the fate of the property developer mount. A deadline for paying $83.5 million in bond interest ended on Thursday without […]

September 24, 2021 PARIS (Reuters) – French Foreign Minister Jean-Yves Le Drian held “thorough and confident” talks with Iraq’s President Barham Salih late on Thursday, wrote Le Drian on his Twitter page. “Following on from the Baghdad conference of August 28 and the ministerial meeting in New York on September 21, I reaffirmed the support […]

September 24, 2021 By Noel Randewich (Reuters) – Federal Reserve Chairman Jerome Powell remains favored for renomination by the White House, and if recent history repeats itself a decision may come at any time before the central bank meets again in early November. Wall Street expects Powell, who was nominated for the role by President […]

September 24, 2021 FRANKFURT (Reuters) – Many of the drivers of the recent spike in euro zone inflation are temporary and due to fade in the next year, European Central Bank President Christine Lagarde said in an interview aired on CNBC on Friday. “We think that there will be a return to much more stability […]

September 24, 2021 SHANGHAI (Reuters) – An investment arm of Chinese e-commerce giant Alibaba Group Holding Ltd, targeted in a regulatory crackdown, will divest its entire stake of 5.01% in broadcaster Mango Excellent Media Co Ltd, the media firm said. The sale comes less than a year after the investment in December last year, as […]

September 23, 2021 By Arathy S Nair and Marianna Parraga HOUSTON (Reuters) – U.S. oil refiners hunting to replace storm-lost U.S. Gulf of Mexico crude have been turning to Iraqi and Canadian oil, while Asian buyers have been pursuing Middle Eastern and Russian grades, analysts and traders said. Royal Dutch Shell, the largest producer in […]

September 24, 2021 TOKYO (Reuters) – SBI Holdings said on Friday it would extend the deadline for its $1.1 billion unsolicited tender offer to Nov. 24 from Oct. 25 for Shinsei Bank if Shinsei agrees to meet certain conditions. SBI – which owns Japan’s largest online brokerage, operates an online bank and has stakes in […]

September 24, 2021 TAIPEI (Reuters) – Taiwan’s TSMC said on Friday it is actively supporting and working with all stakeholders to overcome a global semiconductor shortage, after its participation at a White House meeting on the issue. “TSMC has been a strong partner in this effort, taking unprecedented actions to address this challenge,” it said […]

September 24, 2021 HANOI (Reuters) – Vietnam has pushed back a plan to re-open the resort island of Phu Quoc to foreign tourists until November, after failing to meet targets for inoculating residents due to insufficient vaccine supplies, state media reported. The Southeast Asian nation, which is currently shut to all visitors apart from returning […]