By Huw Jones LONDON (Reuters) – The digitalisation and entry of Big Tech into finance create new vulnerabilities and amplify existing risks in the banking system that may need new rules to mitig[...]
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May 16, 2024
Morning bid: New highs hold as disinflation resumes, US cools
A look at the day ahead in U.S. and global markets from Mike Dolan World stocks notched new records and the dollar nursed its worst day of the year as fears of an overheating U.S. economy dissipate[...]
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Transcript of interview with New York Fed’s Williams
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams was interviewed by Reuters on Wednesday. The following transcript has been edited for clarity: M[...]
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Recently delisted Toshiba to cut 4,000 jobs in restructuring drive
By Sam Nussey TOKYO (Reuters) -Japan’s Toshiba said on Thursday it will cut up to 4,000 jobs domestically as the industrial conglomerate accelerates restructuring under new ownership. Toshiba de[...]
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Fears of German ‘de-industrialisation’ may be overblown – for now
By Maria Martinez BERLIN (Reuters) – High energy costs, weak global demand, a disruptive shift towards net-zero economies, and growing competition from China are raising existential questions fo[...]
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Netflix hits 40 million users for ad-supported plan
(Reuters) -Netflix said on Wednesday its ad-supported tier has reached 40 million global monthly active users, from 5 million a year earlier, a sign that its push to attract new users with the cheaper[...]
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Foreign investors snap up long-term Japan bonds after three-week selling streak
(Reuters) – Foreign investors ended a three-week trend of selling Japanese bonds by purchasing long-term securities, although analysts suggest the rebound could be fleeting amid ongoing market u[...]
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White House moves to protect US solar manufacturers from Chinese competition
By Nichola Groom (Reuters) – The White House on Thursday said it would protect domestic solar factories from Chinese competition by scrapping a tariff exemption for imported double-sided panels[...]
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Swap old for new: China’s latest property market plan off to a poor start
By Liangping Gao and Clare Jim BEIJING/HONG KONG (Reuters) – A campaign by Chinese authorities to encourage people to replace their old apartments with new ones is attracting interest, but faces[...]
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