By Lawrence White, Selena Li and Sinead Cruise LONDON/HONG KONG (Reuters) – Delivering growth amid falling interest rates, navigating tensions between China and the West, and managing HSBC[...]
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July 17, 2024
Musk says he will move SpaceX, X headquarters to Texas over frustration with California laws
(Reuters) -Elon Musk said on Tuesday he is moving the headquarters of two more of his companies – social media platform X and rocket company SpaceX – to Texas from California, citing a new[...]
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Hong Kong posts record home purchases by mainland Chinese, realtor says
HONG KONG (Reuters) – Hong Kong saw record home purchases by mainland Chinese buyers in the first six months after the financial hub removed all buying curbs, major realtor Centaline Property Ag[...]
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Exclusive-PwC weighs halving of China financial services audit staff, say sources
(This July 16 story has been corrected to fix the revenue year to 2022, not last year, in paragraph 16) By Julie Zhu HONG KONG (Reuters) – PricewaterhouseCoopers (PwC) is considering slashing up[...]
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Once India’s biggest startup, Byju’s faces insolvency proceedings
By Indranil Sarkar and Arpan Chaturvedi BENGALURU/NEW DELHI (Reuters) -Edtech company Byju’s, once India’s biggest startup valued at $22 billion, will face insolvency proceedings for failu[...]
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Analysis – Investors ride the ‘Trump trade’ as expectations grow for a second term
By Saqib Iqbal Ahmed and Davide Barbuscia (Reuters) – Rising expectations that former President Donald Trump will regain the White House in November are supercharging the so-called Trump trade,[...]
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Analysis-Luxury brands feel the sting as Chinese growth slows
By Mimosa Spencer PARIS (Reuters) – The prolonged downturn in luxury spending in China is unlikely to reverse this year, analysts and executives warn, deepening a rout which has wiped almost $20[...]
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Japan’s Suzuki aims to cut vehicle weight of key model by 15% over a decade
TOKYO (Reuters) – Japan’s Suzuki Motor said on Wednesday it plans to cut the weight of its small Alto hatchback by 15% over the next decade, aiming to reduce the vehicle’s energy usa[...]
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Morning Bid: Gold glitters, inflation jitters
A look at the day ahead in European and global markets from Tom Westbrook In a grand ceremony marking the opening of the new parliament replete with gold and splendour, Britain’s King Charles wi[...]
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