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China rolls over medium-term policy loans, rate unchanged

BY Reuters  • July 17, 2023July 17, 2023
SHANGHAI/SINGAPORE (Reuters) -China’s central bank rolled over maturing medium-term policy loans and kept the interest rate unchanged as expected on Monday, however markets expect authorities wi[...]
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Business Economy

China June new home prices flat in weakest showing this year

BY Reuters  • July 17, 2023July 17, 2023
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s new home prices were unchanged in June, the weakest result this year, data showed on Saturday, increasing pressure on policymakers for mo[...]
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Business Economy Updated

China’s Xiaomi bets bigger on India retail stores amid Samsung rivalry

BY Reuters  • July 16, 2023July 17, 2023
By Aditya Kalra NEW DELHI (Reuters) -China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president said, as the company see[...]
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Asia Business Economy Europe Politics Technology Top News Updated

Marketmind: Will China GDP spoil the party?

BY Reuters  • July 16, 2023July 16, 2023
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The macro and market week in Asia starts with a bang on Monday, with a ra[...]
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Asia Business Economy US

Moscow takes control of Russian subsidiary of Danone and Carlsberg’s stake in brewer

BY Reuters  • July 16, 2023July 16, 2023
MOSCOW (Reuters) -The Russian state has taken control of French yoghurt maker Danone’s Russian subsidiary along with beer company Carlsberg’s stake in a local brewer, according to a decree[...]
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Business Economy Europe

Microsoft signs agreement to keep Call of Duty on Playstation

BY Reuters  • July 16, 2023July 16, 2023
(Reuters) -Microsoft has signed an agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard, Microsoft Gaming CEO Phil Spencer said in a tweet on Sunday. A deal t[...]
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Business Economy Europe Technology

UBS to retain EY as auditor after Credit Suisse takeover, Financial Times reports

BY Reuters  • July 16, 2023July 16, 2023
(Reuters) – UBS Group has decided to retain EY as its external auditor, enlarging its role to include Credit Suisse’s accounts from 2024, the Financial Times reported on Sunday, citing peo[...]
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Business Economy Europe UK Updated

Japan finance minister: “No discussion” of exchange rates at G7, Kyodo reports

BY Reuters  • July 16, 2023July 16, 2023
By Kevin Buckland TOKYO (Reuters) – There was “no discussion” about exchange rates at a meeting of Group of Seven (G7) finance ministers and central bank chiefs, Japanese Finance Min[...]
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Asia Business Economy Updated

Yellen ‘eager’ to work with China on debt, other global challenges

BY Reuters  • July 16, 2023July 16, 2023
By David Lawder and Aftab Ahmed GANDHINAGAR, India (Reuters) -U.S. Treasury Secretary Janet Yellen said on Sunday she was “eager” to work with China on areas of mutual interest, including[...]
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