By Sinéad Carew NEW YORK (Reuters) – The S&P 500 and Nasdaq finished in the red while Treasury yields rose as investors digested signs of cooling U.S. inflation and hopes the Federal Reserve could slow interest rate hikes against warnings that the battle with rising prices was far from over. Thursday’s data showed U.S. producer …
Stocks lose ground, Treasury yields climb after inflation data Read More »
By John McCrank NEW YORK (Reuters) – The dollar was slightly lower on Thursday following a 1% loss the previous day when data showed U.S. inflation was not as hot as anticipated in July, prompting traders to dial back future rate hike expectations by the Federal Reserve. Investors slashed bets on the possibility that the …
Dollar remains under pressure as traders reassess rate hike bets Read More »
By Laura Sanicola (Reuters) – Oil prices settled up more than $2 on Thursday after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas prices have some consumers switching to oil. Brent crude futures gained $2.20, or 2.3%, to settle at $99.60 a barrel. U.S. West Texas …
Oil settles up as IEA hikes 2022 demand growth forecast Read More »
By Isla Binnie and Andres Gonzalez LONDON (Reuters) – The owners of a major Spanish natural gas network are preparing to launch a sale process in September with a targeted valuation of up to 2 billion euros ($2.1 billion), seeking a buyer who will advance its efforts to transition to low-carbon fuel, three sources familiar …
Owners of Madrid gas grid aim to launch sale in September – sources Read More »
By Jeff Mason and David Lawder WASHINGTON (Reuters) – China’s war games around Taiwan have led Biden administration officials to recalibrate their thinking on whether to scrap some tariffs or potentially impose others on Beijing, setting those options aside for now, according to sources familiar with the deliberations. President Joe Biden’s team has been wrestling …
Exclusive – U.S. rethinks steps on China tariffs in wake of Taiwan response – sources Read More »
By Kane Wu and Roxanne Liu HONG KONG/BEIJING (Reuters) – Buyout firm Advent International plans to sell a majority stake in U.S.-based Bioduro-Sundia in a deal that could value the drug development and manufacturing outsourcing provider at over $1 billion, said three people with knowledge of the matter. Boston-headquartered Advent had tapped JPMorgan to advise …
Advent to sell Bioduro stake, eyes valuation over $1 billion – sources Read More »
SHANGHAI (Reuters) -Xiaomi Corp is currently running tests on 140 vehicles across China for autonomous driving, CEO Lei Jun said on Thursday. The news marks the latest benchmark for the smartphone maker, which announced last year it would enter the competitive EV sector and challenge established brands and younger tech companies. Speaking at a livestreamed …
Xiaomi CEO says it has 140 vehicles across China testing autonomous driving Read More »
(Reuters) – Singapore-listed Thai Beverage said on Thursday it will again defer the spin-off and initial public offering (IPO) of its regional beer business, BeerCo, due to recent market volatility. The beverage maker cited “prolonged challenging market conditions” as the reason for postponing the spin-off, which was originally planned for early 2020. The firm, chaired …
Thai Beverage puts off beer unit listing again on market pains Read More »
By Liangping Gao and Clare Jim BEIJING/HONG KONG (Reuters) -A Chinese property think tank owned by KE Holdings apologised on Thursday for sparking a “heated public discussion” with its report on rising housing vacancy rates in China, and said its assessment may not be sufficiently accurate. The apology comes at a time when policymakers are …
China property firm apologises for vacancy rate report after public debate Read More »
By Joyce Lee SEOUL (Reuters) – Samsung Electronics unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in a bid to cement its leadership in an expanding niche market. The smartphone maker priced its clamshell Galaxy Z Flip4 at $999.99, and the 5G-enabled top-line Galaxy Z Fold4 …
Samsung unveils new foldable smartphones, seeking keep lead in growing market Read More »
