By Casey Hall SHANGHAI (Reuters) – When tech giant Apple joined China’s livestreaming frenzy, a major driving force of the e-commerce boom in the world’s second biggest economy, it l[...]
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Asia
EV maker Lordstown Motors begins bankruptcy embroiled in disputes
By Dietrich Knauth NEW YORK (Reuters) – U.S. electric truck manufacturer Lordstown Motors began its bankruptcy case embroiled in litigation, laying out disputes with estranged partner Foxconn, r[...]
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Exclusive-Nissan installed camera to monitor No. 2’s home, sources say
By Daniel Leussink and Norihiko Shirouzu (Reuters) – Nissan installed a camera surveillance system at the home of former executive Ashwani Gupta so the automaker’s internal security team c[...]
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Marketmind: Cold reality of ‘higher for longer’ sets in
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The cold reality of ‘higher for longer’ interest rates that c[...]
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Nasdaq ends up, dollar strengthens as Powell hints at more rate hikes
By Stephen Culp NEW YORK (Reuters) – The Nasdaq Composite Index closed higher and the dollar rebounded on Wednesday as Federal Reserve Chair Jerome Powell suggested two more interest rate hikes[...]
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Boeing says about 90% of China 737 MAX jets have resumed commercial operations
BEIJING (Reuters) -About 90% of Boeing’s China 737 MAX jets have resumed commercial operation as of the end of June, the U.S. aircraft maker said on its official WeChat account on Wednesday. Som[...]
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Chip stocks drop as U.S. mulls fresh curbs on AI access to China
By Medha Singh (Reuters) – Shares of U.S. chipmakers fell on Wednesday following a report that the Biden administration was planning new curbs on export of computing chips for artificial intelli[...]
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More tightening to come, top central bank chiefs tell ECB forum
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) – Leaders of the world’s top central banks reaffirmed on Wednesday they think further policy tightening will be needed to[...]
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Oil prices gain 2% on bigger-than-expected decline in US crude storage
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 2% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, which offset worries that further in[...]
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