Analysis: Chinese central bank, under pressure to ease, is curbed by inflation, Fed jitters

Analysis: Chinese central bank, under pressure to ease, is curbed by inflation, Fed jitters

Economic recovery looks increasingly shaky PBOC sees further easing in response – policy insiders PBOC likely to cut key lending rates next week to boost demand Upcoming RRR cut is considered unlikely due to enough money in the economy PBOC Has Limited Room To Ease Amid Inflation, Capital Flight Concerns BEIJING, Aug. 17 (Reuters) – … Read more

Philips bids farewell to CEO amid massive recall

Philips bids farewell to CEO amid massive recall

Van Houten leaves the helm after almost 12 years To be replaced on October 15 by Connected Care head Jakobs Shares up 2% but down more than 50% since product recall AMSTERDAM, Aug. 16 (Reuters) – Philips (PHG.AS) Chief Executive Frans van Houten will leave the company in October, the Dutch health tech company said … Read more

Exclusive: Tencent plans to divest its $24 billion stake in Meituan

Exclusive: Tencent plans to divest its  billion stake in Meituan

Tencent wants to start selling Meituan shares this year – sources Sales tries to please regulators, monetize 8-year-old gambling resources Selling Shares Will Likely Be Done As Block Trading – Resources Move Comes Following Tencent’s Divestment of JD.com, SEA Holdings Meituan shares sink 10%; Restoring Tencent Shares HONG KONG, Aug. 16 (Reuters) – China’s Tencent … Read more

Cryptoverse: Electric Ether Jumps on the Brink of Merging

Cryptoverse: Electric Ether Jumps on the Brink of Merging

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into the water in this illustration, taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – It looks like the ethereum mega upgrade is happening. Finally. After years of delays, the “Merge” seems almost certain to take place … Read more

Chinese military research vessel docks in Sri Lanka port

Chinese military research vessel docks in Sri Lanka port

COLOMBO, Aug. 16 (Reuters) – The Chinese research vessel Yuan Wang 5 docked at the Chinese-built port of Hambantota in Sri Lanka on Tuesday, a port official said. stronger rival. The ship’s movements have sparked conflict between India and China, two of Sri Lanka’s greatest allies in the current economic crisis, as India fears China … Read more

Angry China hosts more exercises near Taiwan as US lawmakers visit

Angry China hosts more exercises near Taiwan as US lawmakers visit

China holds drills near Taiwan as US lawmakers visit China shows images of Taiwan’s strategic Penghu Islands Taiwan President: Committed to Maintaining Stability BEIJING/TAIPEI, Aug. 15 (Reuters) – The Chinese military said it conducted more exercises near Taiwan on Monday, when a group of US lawmakers visited the island claimed by China and met President … Read more

NYSE Delisting Signal Indicates Beijing May Be Willing To Compromise Over US Audit Disputes Analysts

NYSE Delisting Signal Indicates Beijing May Be Willing To Compromise Over US Audit Disputes Analysts

A trader walks on the floor of the New York Stock Exchange (NYSE) in New York City, USA June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug. 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) indicates … Read more

Asia equities mixed, China cuts rates as data disappoints

Asia equities mixed, China cuts rates as data disappoints

FILE PHOTO – People pass an electronic screen displaying Japan’s Nikkei stock price index in a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei Rising, S&P 500 Futures Dip PBOC cuts key interest rates, Chinese data misses forecasts Eyes on Fed Minutes, … Read more

China unexpectedly lowers 2 key rates, withdraws money from banking system

China unexpectedly lowers 2 key rates, withdraws money from banking system

The headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China, September 28, 2018. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug. 15 (Reuters) – China’s central bank unexpectedly cut a key rate for the second time this year and withdrew some money from … Read more

US lawmakers arrive in Taiwan as tensions flare in China

US lawmakers arrive in Taiwan as tensions flare in China

TAIPEI/WASHINGTON, Aug. 14 (Reuters) – A delegation of US lawmakers arrived in Taiwan on Sunday for a two-day trip during which they will meet President Tsai Ing-wen, the second high-level group to visit amid military tensions between the self-governed island and China. Beijing, which claims that Taiwan is democratically governed as its own territory, has … Read more