Van Houten leaves after nearly 12 years in office To be replaced on October 15 by Connected Care President Jacobs Stocks are up 2%, but down over 50% since the product recall AMSTERDAM (Reuters) – Philips (PHG.AS) The Dutch health technology company said, on Tuesday, that CEO Frans van Houten will leave the company in … Read more
China unexpectedly cuts key interest rates as economic data disappoints Iran responds to EU nuclear text and seeks US flexibility Oil production in the Permian Basin will rise to a record high in September -EIA Coming soon: API data on US oil inventories at 4:30 PM ET LONDON (Reuters) – Oil prices rose on Tuesday … Read more
European shares rose 0.3% thanks to defensive names Markets have generally calmed down amid growth concerns in China and the US Dollar rises as investors seek safety LONDON (Reuters) – European shares slowly crept higher on Tuesday as investors sought safety in defensive names, while risk aversion also lifted the safe-haven dollar after weak Chinese … Read more
Leading indicators slowed from June, below expectations Youth unemployment reached a record level in July Real estate investment, sales decline, house price declines deepen The People’s Bank of China cuts key interest rates to revive credit demand BEIJING/SHANGHAI (Reuters) – China’s central bank cut key lending rates in a surprise move on Monday to revive … Read more
Tencent seeks to start selling Meituan stake this year – sources Sale seeks to appease regulators, monetize 8-year-old betting sources Shares likely to be sold as group trading – sources The move comes after Tencent withdrew JD.com’s investments, SEA stakes Mituan shares are down 10 percent; Tencent shares are recovering HONG KONG (Reuters) – China’s … Read more
Representations of the cryptocurrency Bitcoin, Ethereum, and Dash sinking into the water in this illustration taken on May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now to get free unlimited access to Reuters.com Register Aug 16 (Reuters) – It appears that the massive upgrade of ethereum is underway. finally. After years of delays, it looks like a … Read more
A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, US, June 14, 2022. REUTERS/Brendan McDermid Register now to get free unlimited access to Reuters.com Register HONG KONG (Reuters) – The move to delist five Chinese state-owned companies from the New York Stock Exchange (NYSE) suggests Beijing may be … Read more
NEW YORK (Reuters) – Several major Wall Street banks have begun offering to facilitate trading in Russian bonds in recent days, according to banking documents seen by Reuters, giving investors another chance to divest from assets widely seen in the West as toxic. . Most US and European banks pulled out of the market in … Read more
FILE PHOTO – People pass an electronic screen displaying Japan’s Nikkei stock price index inside a conference hall in Tokyo, Japan, June 14, 2022. REUTERS/Issa Kato Register now to get free unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei rises, S&P 500 dips People’s Bank of China (PBOC) cuts key interest rates, China data misses expectations … Read more
A picture of the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China on September 28, 2018. REUTERS/Jason Lee Register now to get free unlimited access to Reuters.com Register SHANGHAI (Reuters) – China’s central bank unexpectedly cut a key interest rate for the second time this year and pulled some … Read more