Today: May 18, 2024
Today: May 18, 2024

Business

Hong Kong allows China's digital yuan to be used in local shops

Hong Kong will allow mainland China's pilot digital currency to be used in shops in the city, the head of its de facto central bank said on Friday, marking a step

Hong Kong allows China's digital yuan to be used in local shops

Tesla chair sees challenges in getting shareholder vote for Musk's pay package, FT reports

Tesla's chair of the board said the company needs to climb "Mount Everest" as it faces shareholder votes on relocating to Texas and CEO Elon Musk's $56 billion pay deal, the Financial

Tesla chair sees challenges in getting shareholder vote for Musk's pay package, FT reports

German experts cut their tax revenue forecasts for 2024-28 by 1.5%

By Maria Martinez BERLIN (Reuters) -Germany's council of tax experts cut their forecast for total tax revenue over the next five years by 1.5% on Thursday, which could add another layer of complexity

German experts cut their tax revenue forecasts for 2024-28 by 1.5%

China's economy to improve further, stats bureau says

China's economic improvement will be further consolidated and strengthened as macro policies take effect, Liu Aihua, a spokesperson of the National Bureau of Statistics, said on

China's economy to improve further, stats bureau says

Biden signs sweeping aviation safety, reform bill into law

By David Shepardson WASHINGTON (Reuters) -President Joe Biden signed on Thursday sweeping aviation legislation that will boost U.S. air traffic controller staffing, increase funding to avert runway

Biden signs sweeping aviation safety, reform bill into law

G7 to back EU line on frozen Russian assets, Italian official says

By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Finance ministers from the Group of Seven major democracies meeting in Italy next week will back a European Union plan to use the income from frozen

G7 to back EU line on frozen Russian assets, Italian official says

Toyota repeatedly halted Mexico plant after suppliers hit by worker shortage, sources say

Toyota Motor was forced to repeatedly halt production at a Mexico plant in February and March after local labour shortages snarled output at suppliers, according to

Toyota repeatedly halted Mexico plant after suppliers hit by worker shortage, sources say

Russia and China to sign Power of Siberia-2 gas pipeline contract 'in near future', says Novak

Russia and China expect to a sign a contract "in the near future" on the Power of Siberia-2 gas pipeline, which will carry Russian gas to China, Russian Deputy Prime Minister

Russia and China to sign Power of Siberia-2 gas pipeline contract 'in near future', says Novak

Take Five: The good, the bad and the ugly

Markets are hoping for evidence that will solidify a brightening global economic outlook, though rising trade tensions are casting a cloud, while G7 finance ministers gather in Italy.

Take Five: The good, the bad and the ugly

BHP needs to bid about 32 pounds a share for Anglo, JPMorgan says

BHP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note.

BHP needs to bid about 32 pounds a share for Anglo, JPMorgan says

TV companies flaunt ad tech and AI to persuade advertisers to spend

Television "upfront" advertiser presentations this week in New York City were hardly about TV at all.

TV companies flaunt ad tech and AI to persuade advertisers to spend

India bond traders hanker for short-term borrowing cuts as buybacks fail

Most Indian bond traders are looking for a cut in the government's short-term borrowing as a better way to regulate banking system liquidity after two

India bond traders hanker for short-term borrowing cuts as buybacks fail

NY Fed announces launch of new supply chain pressure metrics

The Federal Reserve Bank of New York is bolstering its data offerings tracking the state of supply chains.

NY Fed announces launch of new supply chain pressure metrics

Morning bid: Dow flirts with 40k, China fights homes bust

A look at the day ahead in U.S. and global markets from Mike Dolan After a week of worldwide stock market records, Friday seems set for a breather - with attention switching to the deepening Chinese

Morning bid: Dow flirts with 40k, China fights homes bust

Microsoft to release next 'Call of Duty' game on subscription service, source says

By Peter Frontini and Yuvraj Malik (Reuters) -Microsoft plans to release the coming installment of the "Call of Duty" videogame to its subscription service, in a departure from its longtime practice

Microsoft to release next 'Call of Duty' game on subscription service, source says

Bank of America to buy WaFd's multi-family loan portfolio for $2.9 billion

(Reuters) -Washington Federal Bank agreed on Friday to sell a portfolio of commercial multi-family real estate loans to Bank of America for about $2.9 billion, helping the regional lender cut its

Bank of America to buy WaFd's multi-family loan portfolio for $2.9 billion

Factbox-China pledges $138 billion in extra funding to shore up indebted property sector

China on Friday announced "historic" steps to stabilise the crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding

Factbox-China pledges $138 billion in extra funding to shore up indebted property sector

Putin calls U.S. tariffs on Chinese electric vehicles 'unfair competition'

Russian President Vladimir Putin said on Friday during a visit to China that U.S. tariffs on Chinese-made electric vehicles were an example of unfair competition.

Putin calls U.S. tariffs on Chinese electric vehicles 'unfair competition'

VW and Renault end talks to develop affordable EV, sources say

By Gilles Guillaume and Christina Amann PARIS/BERLIN (Reuters) -Volkswagen has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, four sources

VW and Renault end talks to develop affordable EV, sources say

Putin says oil pipeline could run alongside planned new gas link to China

Russia could deliver oil as well as gas to China along a planned route via Mongolia, President Vladimir Putin said on Friday.

Putin says oil pipeline could run alongside planned new gas link to China

BlackRock in talks with governments about investments to power AI

BlackRock is in talks with various governments over ways to fund critical investments to support artificial intelligence (AI), including increasing the power supply, the CEO of the

BlackRock in talks with governments about investments to power AI

Endeavor's $13 billion deal highlights push to sidestep minority shareholders

By Anirban Sen and Tom Hals (Reuters) -Endeavor Group's decision to deny minority shareholders the ability to veto a $13 billion deal to take the entertainment conglomerate private is the latest

Endeavor's $13 billion deal highlights push to sidestep minority shareholders

Mercedes workers in Alabama reject union, dealing setback to UAW

By Nora Eckert VANCE, Alabama (Reuters) -U.S. workers at a Mercedes-Benz plant in Alabama handed a stinging loss to the United Auto Workers on Friday, rejecting the union in a vote it had expected

Mercedes workers in Alabama reject union, dealing setback to UAW

Goldman Sachs looks to expand private equity credit lines as dealmaking picks up

U.S. investment bank Goldman Sachs is muscling into the lending market for private equity and asset managers, planning an overseas expansion as it helps fill a void

Goldman Sachs looks to expand private equity credit lines as dealmaking picks up

Weaker loonie may not deter Bank of Canada diverging from the Fed

The Bank of Canada would be willing to cut interest rates three times ahead of the Federal Reserve's first move before a declining currency threatens to endanger

Weaker loonie may not deter Bank of Canada diverging from the Fed
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