A look at the day ahead in European and global markets from Anshuman Daga: A nationwide spike in COVID-19 cases in China is again the main talking point for weary global markets on Tuesday as Beijing[...]
Read more
Asia
German industry calls for more support to diversify beyond China
BERLIN (Reuters) -One of Germany’s main industry lobby groups called on Monday for more support for industry to diversify trade beyond China, as the government prepares new policies aimed at red[...]
Read more
Goldman Sachs says U.S., Europe could end reliance on Chinese EV batteries by 2030 -FT
(Reuters) – The United States and Europe could cut their dependence on China for electric vehicle batteries through more than $160 billion of new capital spending by 2030, the Financial Times re[...]
Read more
Debt-laden China Evergrande gives back land sites to Wuhan city
HONG KONG (Reuters) – A Chinese municipal district said it had taken back 134,500 hectares (332.4 acres) of land formerly held by a unit of debt-laden developer China Evergrande Group and had ma[...]
Read more
RBNZ set to deliver biggest rate hike ever as it eyes three month break
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank is expected to deliver its biggest ever rate point hike this week as it continues efforts to temper inflation ahead of a t[...]
Read more
Global stocks, oil prices slip as rising COVID cases prompt Chinese lockdowns
By Chibuike Oguh NEW YORK (Reuters) -Global stocks and oil prices slipped on Monday as a spike in COVID-19 cases and newly recorded deaths in China prompted authorities in the world’s second-lar[...]
Read more
Platinum deficit expected in 2023 after bumper surpluses, WPIC says
LONDON (Reuters) – The World Platinum Investment Council (WPIC) said on Tuesday it expected a deficit of the metal used in vehicle exhausts, industry and jewellery in 2023 after a hefty surplus[...]
Read more
Analysis-China’s great reopening may come too late for many businesses
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – The culinary tourism business of Brian Bergey and his wife Ruixi Hu has persevered in China through three years of harsh COVID-19 restrictions. B[...]
Read more
U.S. Senate to hold FTX hearing on Dec. 1, CFTC chairman to testify
(Reuters) – The U.S. Senate Agriculture Committee on Thursday said it will hold a hearing on Dec. 1 to examine the sudden collapse of FTX, one of the world’s biggest crypto exchanges. FTX[...]
Read more