By Manya Saini, Jaiveer Shekhawat and Stephen Nellis (Reuters) – SoftBank Group-backed Arm Holdings’ annual revenue dropped 1% due to a slowdown in smartphone sales, the chip designer disc[...]
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August 22, 2023
Marketmind: World markets bounce at last
A look at the day ahead in U.S. and global markets from Mike Dolan After a stifling August so far, world markets caught some relief on Tuesday as this month’s bond squeeze eased a bit – wi[...]
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China fines Mintz $1.5 million for ‘unapproved’ work, after raiding its Beijing office
By Yew Lun Tian BEIJING (Reuters) – China fined U.S. firm Mintz Group about $1.5 million for doing “unapproved statistical work”, said a Beijing Municipal Bureau of Statistics notice[...]
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Facebook owner Meta asks Norway court to halt privacy fine
By Gwladys Fouche OSLO (Reuters) -Meta Platforms on Tuesday asked a court in Norway to stop a fine that the country’s data regulator has imposed on the owner of Facebook and Instagram for breach[...]
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China urgently needs to address economic uncertainty – EU business group chief
By Laurie Chen BEIJING (Reuters) – The head of an influential European business lobby in China said Beijing needs to send a clear message on how it plans to revive its economy and provide clarit[...]
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BHP sees China demand bright spots, logs 37% profit drop
By Melanie Burton and Sameer Manekar MELBOURNE (Reuters) -BHP Group on Tuesday said it saw solid growth from some sectors in China as it logged its weakest annual profit since 2020, but added it was t[...]
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Taiwan not planning new risk control for China property exposure – sources
TAIPEI (Reuters) – Taiwan’s top financial regulator has no plan to impose strengthened risk control rules for Taiwan banks and insurers exposed to the Chinese real estate market due to hig[...]
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U.S. retail traders eye a fresh piece of the crypto derivatives pie
By Lisa Pauline Mattackal and Medha Singh (Reuters) – America’s mom and pop bitcoin buffs have a shiny new derivatives playground that cryptocurrency analysts hope will fire up a moribund[...]
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Euro zone current account surplus surges in June
FRANKFURT (Reuters) – The euro zone’s current account surplus surged in June on higher goods exports and lower imports, European Central Bank data showed on Tuesday. Based on adjusted data[...]
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