By Howard Schneider JACKSON HOLE, Wyoming (Reuters) – Central bank efforts to slow inflation, by raising borrowing costs and cooling demand for goods and services, may also undermine investments[...]
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August 25, 2023
US Commerce chief heading to China with aim of boosting business ties
By David Shepardson and Trevor Hunnicutt WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo visits China for four days starting Sunday, aiming to boost business ties between the world[...]
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Digital World slides as Trump returns to X, formerly Twitter
(Reuters) -Shares of Digital World Acquisition Corp, which has agreed to merge with Donald Trump’s media company, fell about 4% on Friday after the former U.S. president returned to social media[...]
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Gloomy Ifo fuels fears of second German recession in a year
By Maria Martinez BERLIN (Reuters) -The mood among German businesses deteriorated more than expected in August, data showed, falling for the fourth month in a row and adding to fears that the economy[...]
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US equity funds see biggest weekly outflow in two months
(Reuters) – Investors withdrew huge money out of U.S. equity funds in the seven days to Aug. 13 on worries about the prospects of interest rates staying higher for longer. A surge in yields trig[...]
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Realty Income to invest about $950 million in Bellagio Las Vegas
(Reuters) -Realty Income signed an agreement with Blackstone’s real estate investing firm to invest about $950 million in the Bellagio Las Vegas resort, valuing the assets at $5.1 billion, the c[...]
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Exclusive-China plans to cut stamp duty on stocks by up to 50% to revive confidence-sources
HONG KONG/BEIJING (Reuters) -Chinese authorities are planning to cut stamp duty on stock trading by as much as 50%, three people with knowledge of the matter said, in a further attempt to revitalise t[...]
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G20 agrees to work on WTO reforms ahead of key meet early next year
NEW DELHI (Reuters) – The Group of 20 nations has agreed to work on reforms to the World Trade Organization ahead of the watchdog’s key ministerial meeting in February next year, the India[...]
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Exclusive-L&T, HAL vetted to bid on India rocket privatisation-source
By Nivedita Bhattacharjee BENGALURU (Reuters) – Larsen & Toubro and Hindustan Aeronautics are among companies vetted to potentially bid in India’s efforts to privatise its small satell[...]
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