SHANGHAI (Reuters) -Having spent all year trying to put a floor under the tumbling yuan, China’s central bank is suddenly faced with the opposite problem and is turning to subtle ways to stop th[...]
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August 25, 2024
Fed’s dovish shift a mixed blessing for BOJ rate hike plan
By Leika Kihara JACKSON HOLE, Wyoming (Reuters) -The U.S. Federal Reserve’s dovish shift will likely give the Bank of Japan some respite in its battle to tame a weak yen, but could complicate it[...]
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Fire at Rivian’s Illinois plant damages multiple EVs, no injuries reported
(Reuters) – A fire broke out at a parking lot at Rivian Automotive’s manufacturing facility in Normal, Illinois late on Saturday damaging many of its electric vehicles, the U.S. startup said on[...]
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Morning Bid: US rate cuts loom as BoJ warns of hikes
By Noel Randewich (Reuters) – A look at the day ahead in Asian markets by Noel Randewich. Asia investors will digest the near certainty of a September loosening of U.S. monetary policy on Monday[...]
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Factbox-The facts about Australia’s new ‘right to disconnect’ law for employees
By Alasdair Pal SYDNEY (Reuters) – Australian employees now have the right to ignore their bosses outside working hours thanks to a new law which enshrines the “right to disconnect.”[...]
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Analysis-BOJ shows how action matters more than hawkish signs
By Leika Kihara JACKSON HOLE, Wyoming (Reuters) – For academics and policymakers gathered at the U.S. Federal Reserve’s annual Jackson Hole economic conference to debate how central banks[...]
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Telegram founder Durov arrested in France, sources says
By Ingrid Melander and Guy Faulconbridge PARIS/MOSCOW (Reuters) -Pavel Durov, the Russian-born billionaire founder and owner of the Telegram messaging app, was arrested at Le Bourget airport outside P[...]
Read moreMusk Takes Shot at Zuckerberg
Elon Musk has criticized Instagram’s handling of child exploitation and data privacy issues in a post on X. What Happened: On Sunday, Musk took to X to express his concerns over Instagram’s alleged ch[...]
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Nestle to keep Health Science unit after CEO’s exit, chairman tells paper
(Widens distribution.) ZURICH (Reuters) -Nestle intends to keep its Health Science unit, Chairman Paul Bulcke said in a newspaper interview published on Sunday, after the food giant announced it was r[...]
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