SHANGHAI/HONG KONG (Reuters) -Chinese government bonds fell sharply on Monday following a turbulent week in which the central bank started intervening heavily to stem a plunge in long-dated yields eve[...]
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August 12, 2024
Morning Bid: Markets pray inflation stays well behaved
A look at the day ahead in U.S. and global markets from Mike Dolan Off-radar for much of the past week’s market turbulence, U.S. inflation updates this week will reveal just how much latitude th[...]
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Biden to tackle helpline wait times in pro-consumer push
By Andrea Shalal WASHINGTON (Reuters) – The Biden administration on Monday unveiled new rules and efforts targeting consumer annoyances ranging from hard-to-cancel subscriptions, cumbersome insu[...]
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Bank of America CEO says US consumers could become discouraged unless rates drop soon
(Reuters) – If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited, Bank of America CEO Brian Moynihan said on Sunday. At the e[...]
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Exclusive-Billions in dollar and euro notes reach Russia despite sanctions
By Gleb Stolyarov, Filipp Lebedev and Alexander Marrow LONDON (Reuters) – Around $2.3 billion in dollar and euro bills have been shipped to Russia since the United States and EU banned the expor[...]
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China’s drivers fret as robotaxis pick up pace – and passengers
By Sarah Wu and Ethan Wang WUHAN (Reuters) -Liu Yi is among China’s 7 million ride-hailing drivers. A 36-year-old Wuhan resident, he started driving part-time this year when construction work sl[...]
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StanChart folds industries team into M&A, cutting over 20 jobs, source says
LONDON (Reuters) – Standard Chartered has folded its industries coverage team into its dedicated mergers and acquisitions advisory team, eliminating more than 20 roles globally to reduce duplica[...]
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South Korea holds emergency meeting as EV fires stir consumer fear
By Jack Kim and Heekyong Yang SEOUL (Reuters) – South Korean officials met on Monday to discuss electric vehicle safety and whether to require car firms to disclose battery brands amid growing c[...]
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Vietnam plans electricity subsidies for EV charging stations
HANOI (Reuters) – Vietnam is planning to subsidise electricity prices for electric vehicle (EV) charging stations, as part of its efforts to promote the use of EVs and meet its energy transition[...]
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