By Davide Barbuscia NEW YORK (Reuters) – Moody’s remains the last of the three major credit rating agencies to maintain a top rating for the United States, after Fitch cut the sovereign ra[...]
Read more
August 4, 2023
Toyota, Pony.ai plan to mass produce robotaxis in China
BEIJING (Reuters) – Toyota and partner Pony.ai are planning to mass produce robotaxis in China, setting up a venture this year which will build cars that employ the startup’s autonomous dr[...]
Read more
Marketmind: Next up, payrolls
A look at the day ahead in U.S. and global markets by Yoruk Bahceli. U.S. markets are reeling this week from surging funding needs, the loss of the government’s prized triple-A credit rating and[...]
Read more
China’s stubborn savers risk precipitating liquidity trap
By Winni Zhou and Rae Wee SHANGHAI/SINGAPORE (Reuters) -China’s consumers and companies are tying up trillions of yuan in longer-dated deposits with banks, effectively taking a vast pool of mone[...]
Read more
China’s policymakers keep investors waiting, but give liquidity assurance
By Joe Cash BEIJING (Reuters) – Liquidity in China’s banking system would be kept reasonably ample, an official said during a press conference by the state planner on Friday that left inve[...]
Read more
Airbus deliveries rose 11% in first seven months
PARIS (Reuters) -Airbus deliveries rose 11% in the first seven months of the year to 381 airplanes, the European planemaker said on Friday. For July, deliveries stood at 65 aircraft, it said in a mont[...]
Read more
Japan’s economy to pick up in Q2 despite slowing global demand: Reuters poll
By Leika Kihara TOKYO (Reuters) – Japan’s economy likely grew an annualised 3.1% in April-June to mark a third straight quarter of expansion, according to a Reuters poll, helped by resilie[...]
Read more
Exclusive-TikTok in talks to gain Indonesian payments licence
By Stefanno Sulaiman JAKARTA (Reuters) – TikTok told Reuters it is in early-stage talks with regulators to obtain a payments licence in Indonesia, a move that would further its e-commerce ambiti[...]
Read more
Exclusive-China, Saudi in talks for ETF cross-listings to bolster financial ties-sources
By Xie Yu and Selena Li HONG KONG (Reuters) – China and Saudi Arabia’s stock exchanges are in talks to allow exchange-traded funds (ETFs) to list on each other’s bourses, three sourc[...]
Read more