Wealth Growth Daily

Updated

Euro zone factories stuck in a rut as Asia shows tentative signs of recovery

BY Reuters  • September 2, 2024September 2, 2024
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) -Factories in the euro zone remained mired in contraction last month, surveys showed, with the data suggesting a recovery could be some way of[...]
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Shares in Hong Kong’s New World Development plunge after loss estimate

BY Reuters  • September 2, 2024September 2, 2024
By Clare Jim HONG KONG (Reuters) – Shares in major Hong Kong property developer New World Development plunged 13% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the[...]
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Brazil top court justices to vote on Monday on X ban

BY Reuters  • September 2, 2024September 2, 2024
BRASILIA (Reuters) – A five-member panel of Brazil’s Supreme Court will vote on Monday whether to uphold Justice Alexandre de Moraes’ ruling to shut down social media platform X in t[...]
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How does PDD stack up against other big China e-ecommerce firms?

BY Reuters  • September 2, 2024September 2, 2024
By Casey Hall SHANGHAI (Reuters) -Shares of China’s biggest e-commerce companies – Alibaba, JD.com and PDD Holdings – were dumped earlier this week on worries about pressure on their[...]
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Blackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, source says

BY Reuters  • September 2, 2024September 2, 2024
By Kane Wu and Gnaneshwar Rajan (Reuters) -A consortium led by Blackstone is nearing a deal to acquire Australian data centre group AirTrunk for A$20 billion ($13.53 billion) including debt, a person[...]
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Silicon Valley Bank exits China joint venture, local partner takes full control

BY Reuters  • September 2, 2024September 2, 2024
(This Aug. 31 story has been corrected to clarify Silicon Valley Bank exited its China join venture, not that it was bought out by a local partner, in the headline and paragraph 3) BEIJING (Reuters)[...]
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Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says

BY Reuters  • September 2, 2024September 2, 2024
By Max A. Cherney and Milana Vinn (Reuters) – Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecess[...]
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China to pitch green tech exports to African leaders as Western curbs loom

BY Reuters  • September 2, 2024September 2, 2024
By Joe Cash and Duncan Miriri BEIJING/NAIROBI (Reuters) -China will urge a summit of 50 African nations in Beijing this week to take more of its goods, before Western curbs kick in on its exports such[...]
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DirecTV subscribers lose access to Disney networks after failure to reach deal

BY Reuters  • September 2, 2024September 2, 2024
By Dawn Chmielewski and Lisa Richwine (Reuters) -Walt Disney and satellite TV provider DirecTV failed to reach a new distribution deal for ESPN, ABC and other Disney-owned networks, the companies said[...]
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