By Liangping Gao, Ziyi Tang and Clare Jim BEIJING/HONG KONG (Reuters) – A slew of recent supportive measures will bring China’s cash-strapped property developers much needed relief, but a[...]
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Asia
Dollar rises with bets on hawkish Fed; sterling drops
By Sinéad Carew and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose on Thursday as U.S. Treasury yields increased and investors eyed hawkish comments from Federal Reserve officials[...]
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Oil falls on worries of U.S. rate hikes, China demand outlook
By Arathy Somasekhar HOUSTON (Reuters) -Oil fell more than 3% on Thursday as rising numbers of COVID-19 cases in China and the suggestion of higher interest rates than currently expected in the United[...]
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Pakistan, IMF plan to move fast on bailout programme
ISLAMABAD (Reuters) – Pakistan and the International Monetary Fund (IMF) will “expeditiously” finish their technical engagement as part of the ninth review of Pakistan’s bailou[...]
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U.S. IPO price pops prompt fraud and ‘pig butchering’ warnings
By John McCrank NEW YORK (Reuters) – U.S. exchanges and Wall Street’s top cop on Thursday warned about a heightened threat of fraud mostly involving the initial public offerings of small c[...]
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Canada ‘very unlikely’ to join OPEC-like group for nickel -gov’t source
By Steve Scherer OTTAWA (Reuters) – Canada has not committed to establishing an OPEC-like organization for nickel-producing countries with Indonesia and is “very unlikely” to partici[...]
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China’s BYD expands electric vehicle operation in Brazil
By Alberto Alerigi SAO PAULO (Reuters) – Chinese automaker BYD Co Ltd will start selling two new electric vehicle models in Brazil this month, betting on favorable political and environmental de[...]
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Factbox-From Genesis to Voyager, crypto firms’ exposure to FTX is coming to light
(Reuters) – After major crypto exchange FTX filed for U.S. bankruptcy protection on Friday, the crypto industry is bracing for further fallout. BlockFi and Genesis, two firms with exposure to FT[...]
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U.S. imposes new sanctions over Iran sanctions evasion, targets Chinese firms
By Daphne Psaledakis WASHINGTON (Reuters) -The United States on Thursday imposed sanctions on over a dozen companies based in China, Hong Kong and the United Arab Emirates that Washington accused of f[...]
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