By Chris Prentice, Dhara Ranasinghe and Naomi Rovnick NEW YORK/LONDON (Reuters) -A rout in global equities extended on Friday and government bond markets came under fresh selling pressure as hawkish tone from central bankers and weak data stoked recession fears. The selling spilled over into commodities markets, where oil prices dropped over $2 per barrel. …
World shares extend rout, oil prices drop on recession worries Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. House Speaker Nancy Pelosi supports adding legislation passed by the Senate this week, which would bar federal government employees from using Chinese-owned TikTok on government-owned devices, to a government funding bill. A spokesman for Pelosi said she supports including the TikTok provision in legislation to fund the government that …
Pelosi backs adding TikTok government device ban to funding bill Read More »
WASHINGTON (Reuters) – The U.S. Trade Representative’s office said on Friday it is extending China “Section 301” tariff exclusions for another nine months on 352 Chinese import product categories that were set to expire at the end of 2022. The tariff exclusions, which include industrial components such as pumps and electric motors, some car parts …
U.S. extends tariff exclusions on 352 Chinese import categories for nine months Read More »
By Andrea Shalal WASHINGTON (Reuters) -Chinese officials have agreed to participate in a global sovereign debt “roundtable” that would include a wide variety of stakeholders, including private sector creditors, International Monetary Fund chief Kristalina Georgieva said on Thursday. Georgieva told an event hosted by the IMF that she was feeling “a bit more optimistic” about …
China agrees to formation of global sovereign debt ’roundtable’ -IMF chief Read More »
By Shariq Khan NEW YORK (Reuters) – Oil fell by about $2 per barrel on Friday, swept up in a wider rout in global equities on fears of a looming recession, after central banks across Europe and North America signalled they will continue to battle inflation aggressively. Brent crude futures fell $1.96, or 2.4%, to …
Oil slumps by over $2/bbl, dogged by recession fears Read More »
By Sarah Marsh BERLIN (Reuters) – Germany has become even more dependent on Huawei for its 5G radio access network equipment (RAN) than in its 4G network despite growing worries about Chinese involvement in critical infrastructure, according to a new report. Many European countries have banned Chinese companies from all or part of their 5G …
Germany ups reliance on Huawei for 5G despite security fears -survey Read More »
By Aditya Kalra NEW DELHI (Reuters) – An Indian court has quashed the income tax department’s block on China-based Xiaomi Corp’s fixed deposits worth 37 billion rupees ($447.65 million), two people familiar with court proceedings said on Friday. Xiaomi and the income tax department did not immediately respond to Reuters’ requests for comment. Further details …
India court quashes tax dept’s $448 million block on Xiaomi’s deposits -sources Read More »
(Reuters) – Pandemic-related disruptions to global supply chains and the knock-on effects of Russia’s war in Ukraine have driven up prices of energy, commodities and necessities. Here’s how governments are trying to help hard-hit consumers and companies: AMERICAS: * Brazil’s Senate approved raising the government spending cap, allowing the president-elect’s incoming administration to fund an …
Factbox-How governments are trying to ease impact of inflation Read More »
(Reuters) – TuSimple Holdings Inc appointed interim financial chief Eric Tapia on a permanent basis and reconstituted its audit committee, the self-driving trucking firm said on Friday, weeks after an internal probe revealed links to a China-backed firm. The company reappointed former chief executive Cheng Lu as its top boss last month after it fired …
Self-driving trucking firm TuSimple appoints CFO, reconstitutes audit panel Read More »
By Georgina Lee HONG KONG (Reuters) – Hong Kong’s first bitcoin and ether futures exchange traded funds (ETFs) ended their first trading day higher on Friday, reflecting investors’ interest despite the broader crypto market meltdown. The CSOP Bitcoin Futures ETF closed up 0.5% at HK$7.81 per unit, while the CSOP Ether Futures ETF ended 0.4% …
CSOP bitcoin futures ETF closes higher in Hong Kong debut Read More »
