World Bank Exclusive IFC Uses Blockchain to Offset Carbon

A tree about to be planted is seen during a reforestation project in Nova Motum, Brazil, February 19, 2020. Photo taken February 19, 2020. REUTERS/Alexandre Menegini/File Photo Register now to get free unlimited access to Reuters.com Register IFC participated in the launch of the Carbon Opportunity Fund A platform to help sell and track credits … Read more

Exclusively Biden’s Emergency Board calls for rail wage hikes to resolve contract talks

US President Joe Biden walks to Air Force One as he departs for Washington, DC from Joint Base Charleston, South Carolina, US, August 16, 2022. REUTERS/Joshua Roberts Register now to get free unlimited access to Reuters.com Register WASHINGTON/LOS ANGELES, Aug 16 (Reuters) – U.S. President Joe Biden’s Emergency Council tasked with helping major rail and … Read more

Philips parts ways with CEO in the midst of massive recalls

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

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

Exclusive: Tencent Plans to Abandon $24 Billion Meituan Stake

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

NYSE writedowns suggest Beijing may be willing to compromise on US review dispute analysts

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

Wide-body plane demands buzz again as Boeing 787 returns to battle

A Boeing 787-10 Dreamliner sits on the tarmac before a handover ceremony for Singapore Airlines at the Boeing South Carolina plant in North Charleston, South Carolina, US, March 25, 2018. REUTERS/Randall Hill Register now to get free unlimited access to Reuters.com Register Increased demand for long-range aircraft after a long period of downturn Saudi Arabia … Read more

With Alibaba stakes cut, SoftBank’s Son calms down on Chinese technology

A journalist raises her hand to ask a question to Japanese SoftBank Group Corp. CEO Masayoshi Son during a press conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo Register now to get free unlimited access to Reuters.com Register TOKYO, Aug 12 (Reuters) – SoftBank Group Corp. (9984.T) The decision to sell Alibaba Group … Read more

South Korea’s Yoon pardons Jay Y Lee from Samsung over the ‘economic crisis’

A descendant of Samsung spent 18 months in prison for bribery South Korea says leaders need help to overcome economic crisis Samsung may increase investment with pardon the analysts SEOUL (Reuters) – South Korean President Yoon Seok-yeol has pardoned Samsung Electronics. (005930.KS) Vice Chairman Jay Y. Lee on Friday, with the South Korean Ministry of … Read more

SoftBank earns $34 billion from Alibaba stake cut

Cut the stake in the Chinese tech company to 14.6% from 23.7% He says the move will strengthen defenses against a market downturn Booked a loss of $50 billion in the Vision Fund unit in the first half TOKYO, Aug 10 (Reuters) – SoftBank Group Corp. (9984.T) On Wednesday, it said it would gain $34.1 … Read more