Selling SoftBank on Alibaba could end the disintegration of the taboo

Selling SoftBank on Alibaba could end the disintegration of the taboo

Japan’s SoftBank Group CEO Masayoshi Son attends a press conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon Register now to get free unlimited access to Reuters.com Register LONDON, Aug 10 (Reuters) – Masayoshi Son is thinking the unimaginable at SoftBank Group (9984.T). His $63 billion tech and telecommunications empire will cut its stake in … Read more

Factory inflation in China hits 17-month low, consumer prices accelerate

A worker walks in front of steel coils at the Chongqing Iron and Steel Plant in Changshu, Chongqing, China, August 6, 2018. REUTERS/Damir Sagolj/File Photo Register now to get free unlimited access to Reuters.com Register Producer inflation in July at its lowest level since February 2021 Consumer price inflation in July at its highest level … Read more

Cryptoverse: Blockchain Bridges Fall into Troubled Water

Representations of cryptocurrency Bitcoin, Ethereum and Dash sinking into water in this illustration taken on May 23, 2022. REUTERS / Dado Ruvic / Illustration Register now to get free unlimited access to Reuters.com Register August 9 (Reuters) – Another day, another hack and another blockchain bridge burns out. When thieves stole an estimated $190 million … Read more

Bridgewater counteracts Chinese ‘All Weather’ imitators

SHANGHAI/NEW YORK (Reuters) – The huge popularity of billionaire hedge fund manager Ray Dalio in China has not only drawn local investors flocking to his money, but has also spawned local rivals using his “All Weather” strategy and branding to try and beat him at his own game. Now, the Connecticut-based hedge fund giant Bridgewater … Read more

Global stocks rebounded after US jobs report heavy selling

Euro Stoxx gains 0.8% Wall Street braces for gains Markets are narrowing down the odds for a 75 basis point rise ahead of the US CPI. The dollar goes down Oil compensates for its early losses, and tries to rise LONDON/SYDNEY (Reuters) – Stocks rose on Monday, recovering after a strong US jobs report last … Read more

China’s exports gain momentum but outlook is cloudy as global growth slows

China’s exports in July grow faster, beating expectations Imports are again disappointing, highlighting weak domestic demand The trade balance hit a record high in July Weak external demand is adding pressure to the economic and trade outlook BEIJING (Reuters) – China’s export growth unexpectedly accelerated in July, providing an encouraging boost to the economy as … Read more

Oil falls with dollar on recession fears; Wall Street ends mixed

Oil hits lowest level before Ukraine as demand outlook deteriorates The Bank of England predicts a recession throughout 2023 Treasury yield curve inversion deepened The dollar falls, the pound falls against the euro OTTAWA (Reuters) – Crude oil fell along with Treasury yields and the dollar on Thursday as recession fears escalated after the Bank … Read more

Wall Street closed mixed as investors eye jobs data

Indices: Dow Jones shed 0.26%, Standard & Poor’s shed 0.08%, Nasdaq shed 0.41%. Energy stocks fall as oil drops to pre-war level in Ukraine Eyes on Friday’s Non-Farm Payrolls Report (Reuters) – Wall Street’s main indexes closed mixed in a dull session on Thursday as gains in high-growth stocks offset losses in energy stocks, as … Read more