By Engen Tham, Julie Zhu and Clare Jim SHANGHAI/HONG KONG – In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are built. Use the cash[...]
Read more
August 31, 2023
US curbs AI chip exports from Nvidia and AMD to some Middle East countries
By Stephen Nellis and Max A. Cherney (Reuters) -The U.S. expanded the restriction of exports of sophisticated Nvidia and Advanced Micro Devices artificial-intelligence chips beyond China to other regi[...]
Read more
World Bank, IDB to deepen cooperation on Amazon, Caribbean, digital access
By David Lawder WASHINGTON (Reuters) -The World Bank and Inter-American Development Bank agreed on Thursday to deepen their cooperation on Western Hemisphere development efforts, including preserving[...]
Read more
Idalia to boost Florida apartment insurance costs further
By Matt Tracy (Reuters) – Hurricane Idalia is expected to increase insurance costs for Florida commercial real estate (CRE), particularly owners of apartments and other multifamily properties al[...]
Read more
Stubborn euro zone inflation fails to settle ECB rate debate
By Balazs Koranyi FRANKFURT (Reuters) -Euro zone inflation proved unexpectedly stubborn this month although price pressures for underlying goods eased, providing ammunition for both supporters and opp[...]
Read more
U.S. denies blocking chip sales to Middle East
By Stephen Nellis (Reuters) – The Biden administration “has not blocked chip sales to the Middle East,” a U.S. Department of Commerce spokesperson said on Thursday, after disclosures[...]
Read more
Exclusive-Brazil’s Petrobras plans China subsidiary in push to boost ties, CEO says
By Marta Nogueira RIO DE JANEIRO (Reuters) – Petrobras plans to create a Chinese subsidiary, Chief Executive Jean Paul Prates told Reuters, as Brazil’s state-run oil firm pushes to strengt[...]
Read more
Factbox-What are global companies saying about China’s economy?
(Reuters) – United States Commerce Secretary Gina Raimondo has said U.S. companies have raised concerns that China has become “uninvestible”, pointing to fines, raids and other actio[...]
Read more
Column-US Medicare drug negotiations a good start on bringing down healthcare costs
By Mark Miller (Reuters) – An important Biden administration effort to control the soaring cost of prescription drugs made headlines this week – but drug costs are just one part of a growi[...]
Read more