News

September 20, 2021 By Norihiko Shirouzu and Scott Murdoch BEIJING/HONG KONG (Reuters) – China’s sweeping regulatory crackdown of recent months does not aim to rein in the country’s private enterprises or decouple from the United States or international financial markets, a top Chinese regulatory official told Wall Street leaders last week. The actions instead intend […]

September 20, 2021 By David Shepardson WASHINGTON (Reuters) -U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata air bag inflators, a government document seen by Reuters on Sunday showed. The National Highway Traffic Safety Administration (NHTSA) on Friday opened an engineering […]

FloBiz, an Indian startup that is building a neobank for small- and medium-sized businesses in the South Asian market, said on Monday it has raised $31 million in a new financing round as it works to broaden its product offerings. Sequoia Capital India led the 18-month-old startup’s Series B financing round. Think Investments and existing […]

September 20, 2021 (Reuters) – European shares sank 1% to a near two-month low on Monday, tracking Asian equities lower, as investors feared major central banks would start giving cues about tapering their pandemic-era stimulus programmes at various meetings this week. The pan-European STOXX 600 index was down 1.4% by 0706 GMT, with energy and […]

September 20, 2021 STOCKHOLM (Reuters) – Sweden’s centre-left government said on Monday it would boost welfare spending by 23 billion Swedish crowns ($2.6 billion) next year in a budget aimed at reducing social inequality and shifting to a more sustainable economy after the pandemic. Sweden has bounced back from the COVID-19 pandemic quicker than most […]

September 20, 2021 By Hyonhee Shin SEOUL (Reuters) – North Korea warned on Monday that the United States risked a dangerous nuclear arms race by providing submarine technology to Australia, criticising its “double standards” and vowing counter-measures. Last week, the United States clinched a new trilateral security partnership involving Britain to provide technological aid to […]

September 20, 2021 MANILA (Reuters) – Philippine President Rodrigo Duterte has approved the resumption of face-to-face classes in areas deemed low risk for COVID-19, with up to 120 schools to join a two-month pilot reopening run, his education minister said on Monday. The Philippines is among 17 countries globally where schools have been closed for […]

September 20, 2021 (Reuters) – American Bryson DeChambeau wants to end to his long-running feud with four-time major winner and U.S. team mate Brooks Koepka, his coach Mike Schy said. DeChambeau has been involved in public rows with Koepka for more than a year, with U.S. Ryder Cup captain Steve Stricker having to step in […]

September 20, 2021 A look at the day ahead from Sujata Rao. A massive week in monetary policy, with some 16 central banks holding meetings and possibly the first rate hike from a developed nation — Norway. Not to say others will follow any time soon; the Federal Reserve for instance may strees its own […]

September 20, 2021 WELLINGTON (Reuters) -New Zealand eased coronavirus curbs slightly on Monday in its largest city of Auckland, as the government expressed confidence that there was no widespread regional transmission of the Delta variant. But tough restrictions will continue even after midnight on Tuesday, when the alert level drops to 3 from 4 in […]

September 20, 2021 By Simon Jessop LONDON (Reuters) – Investors managing more than $2.5 trillion have called on governments to compel companies and auditors to file financial accounts aligned with the world’s net zero emissions target, a letter seen by Reuters showed. Writing to UK climate czar Alok Sharma ahead of the next round of […]

September 20, 2021 PARIS (Reuters) – France has cancelled a meeting between Armed Forces Minister Florence Parly and her British counterpart planned for this week after Australia scrapped a submarine order with Paris in favour of a deal with Washington and London, two sources familiar with the matter said. Parly personally took the decision to […]

September 20, 2021 By Stefano Rebaudo (Reuters) – A bond market tantrum that drives up yields can be a fearsome prospect for central banks but the U.S. Federal Reserve might just welcome a sell-off that lifts Treasury yields towards levels that better reflect the robust state of the economy. Persistently low yields are a feature […]

September 20, 2021 By Steve Gorman LOS ANGELES (Reuters) – While departing yet again from the look of Primetime Emmys of yore, Sunday’s presentation of television’s highest honors gave little overt appearance of being constrained by a second year of the COVID-19 pandemic. So much so, that the night’s first presenter, comic actor-writer Seth Rogen, […]

September 20, 2021 By Jonathan Spicer and Nevzat Devranoglu ISTANBUL (Reuters) – Turkey’s central bank has begun setting the stage for an interest rate cut long sought by President Tayyip Erdogan, although most analysts don’t think it will pull the trigger this week after inflation jumped and the lira took a slide. The bank has […]

September 20, 2021 By Clyde Russell LAUNCESTON, Australia (Reuters) – Just as iron ore’s surge to a record high in May was an overblown rally, its plunge last week was a disorderly retreat, with neither move fully justified by the fundamentals of supply and demand. The price of spot iron ore for delivery to north […]

September 20, 2021 By Steve Scherer and David Ljunggren MONTREAL (Reuters) – Canadian Prime Minister Justin Trudeau may cling to power in Monday’s election but looks set to lose his bid for a parliamentary majority after a tough campaign that dashed his hopes for a convincing win. Trudeau has a minority administration, forcing him to […]

Meet Xata, a startup with a new take on managed databases. The company runs your database for you and turns it into an API so that you can query and update it from your serverless app. Xata has raised a $5 million funding round. Its product is not yet ready for prime time but the […]

September 20, 2021 (Reuters) – Chelsea’s American forward Christian Pulisic is still recovering from an ankle injury sustained on international duty this month and Wednesday’s League Cup game against Aston Villa will likely come too soon for him, manager Thomas Tuchel said. The 23-year-old picked up the problem in the United States’ 4-1 win over […]

September 20, 2021 BEIJING/HONG KONG (Reuters) -One of China Evergrande Group’s main lenders has made provisions for losses on a portion of its loans to the embattled property developer, while some creditors are planning to give it more time to repay, four bank executives told Reuters. The Chinese banks’ measures, reported for the first time, […]