By Byron Kaye SYDNEY (Reuters) -ANZ, Australia’s third-largest retail bank, has found no evidence that suspected misconduct by its employees during a 2023 government bond issuance had cost Austr[...]
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Exclusive-Russia payment hurdles with China partners intensified in August, sources say
MOSCOW (Reuters) – Some Russian companies are facing growing delays and rising costs on payments with trading partners in China, leaving transactions worth tens of billions of yuan in limbo, Rus[...]
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France’s political quagmire keeps asset recovery at bay
By Samuel Indyk and Sruthi Shankar LONDON (Reuters) – France’s financial assets are stuck in a rut as a political stalemate and policy paralysis take hold, casting a shadow over the outloo[...]
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Elon Musk’s X braces for shutdown in Brazil as spat with judge intensifies
By Ricardo Brito, Luana Maria Benedito and Andre Romani BRASILIA/SAO PAULO (Reuters) – Social media giant X said on Thursday it expects Brazil’s top court to order it to shut down, as a pi[...]
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Analysis-Cash-loving investors dig in even as US rate cuts threaten payouts
By Suzanne McGee (Reuters) – A golden era for cash may be winding down as the Federal Reserve gets ready to cut interest rates. Many fans of the investment class are staying put anyway. Assets i[...]
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Morning Bid: Bring on the rate cuts
A look at the day ahead in European and global markets from Rae Wee Global investors can’t wait to be done and dusted with August and usher in the new month with a bang, one that’s all but[...]
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Uber CEO says growth in South Korea promising despite underdog status
SEOUL (Reuters) – Uber Technologies Inc’s CEO on Friday expressed commitment to the South Korean market, where it is an underdog to local tech group Kakao, and said the platform will attra[...]
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Hedge funds may lose billions from Temu owner PDD’s stock crash
By Summer Zhen HONG KONG (Reuters) – Concentrated bets on popular Chinese e-commerce giant PDD Holdings may have led to losses in billions of dollars for hedge funds from a crash in its shares f[...]
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Australian retail sales lose steam as tax cuts fail to excite shoppers
By Stella Qiu SYDNEY (Reuters) -Australian retail sales were flat in July after two months of upbeat results, showing large-scale tax cuts were yet to boost spending and firming expectations the next[...]
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