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

Column: US steps in EV accelerator to break Chinese metal ties: Andy Home

Column: US steps in EV accelerator to break Chinese metal ties: Andy Home

LONDON, Aug. 16 (Reuters) – The Inflation Reduction Act (IRA) includes the “largest investment ever in combating the existential crisis of climate change,” said President Joe Biden, who will sign the bill later on Tuesday. About $369 billion in federal funds will flow into climate change and energy security, increasing domestic capacity to produce wind … Read more

Elon Musk says he’s buying Manchester United

Elon Musk says he’s buying Manchester United

Tesla CEO Elon Musk watches as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. REUTERS/Michele Tantussi/ Register now for FREE unlimited access to Reuters.com Register Aug. 16 (Reuters) – Tesla (TSLA.O) Chief Executive Officer Elon Musk said on Tuesday that he bought Manchester United Plc (MANU.N) football … Read more

US housing market starts near 1-1/2-year low; factory output bounce back

US housing market starts near 1-1/2-year low;  factory output bounce back

Home start-up drops 9.6%; building permits fall 1.3% Single-family start tumbles 10.1%; licenses decrease 4.3% Home construction backlog is up 5.0% Production production recovers 0.7% WASHINGTON, Aug. 16 (Reuters) – US housing construction fell to its lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and building materials prices, suggesting … 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

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

Oil falls as Chinese data weighs

Oil falls as Chinese data weighs

FILE PHOTO – A pump jack is seen surrounded by steam during sunset at a PetroChina oil field in Karamay, Xinjiang, Uyghur Autonomous Region, Jan. 5, 2011. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register China’s July refinery output lowest since March 2020, data shows Stronger US dollar and low liquidity pressures Coming … Read more

Exclusive: Wall Street revives Russian bond trading after US approval

Exclusive: Wall Street revives Russian bond trading after US approval

NEW YORK, Aug. 15 (Reuters) – Several major Wall Street banks have begun offering transactions in Russian debt in recent days, according to banking documents seen by Reuters, giving investors another chance to sell assets held in the US. West generally considered poisonous. Most US and European banks had pulled out of the market in … Read more