By Katanga Johnson WASHINGTON (Reuters) – The head of the U.S. Securities and Exchange Commission (SEC) said Wednesday that he will not send public accounting inspectors to China or Hong Kong unless Washington and Beijing can agree on complete audit access. SEC Chair Gary Gensler, in an address before an accounting industry audience, said the …
MOSCOW (Reuters) – Caspian Pipeline Consortium said on Wednesday that two oil pumping stations in Kazakhstan have experienced a power outage due to bad weather. It also said the incident has not affected July’s oil loading schedule. (Reporting by Reuters; Editing by Chris Reese)
By Paresh Dave and Nivedita Balu (Reuters) – Mostly reassuring financial results from Alphabet Inc included one concerning sign for social media companies: Its YouTube service posted its second difficult quarter in a row. Quarterly ad sales at the world’s biggest video sharing service grew at the slowest pace since Alphabet began disclosing that data …
YouTube’s quarter shows problems Meta may face: TikTok, weakening economy Read More »
By Ruma Paul DHAKA (Reuters) -The International Monetary Fund (IMF) said on Wednesday it would discuss with Bangladesh its loan request after the country became the third in South Asia to seek such support after Pakistan and Sri Lanka. Bangladesh’s $416 billion economy has been one of the fastest-growing in the world for years, but …
IMF says it is ready to support Bangladesh after loan request Read More »
By Hari Kishan BENGALURU (Reuters) – The global economy is mired in a serious slowdown, with some key economies at high risk of recession and only sparse meaningful cooling in inflation likely over the coming year, according to Reuters polls of hundreds of economists worldwide. Most central banks are only part-way through a still-urgent cycle …
Global growth headed down as inflation surge to endure Read More »
BERLIN (Reuters) – Puma does not expect to achieve growth in China this year, as a boycott against its products in the country and COVID-19 lockdowns there weigh on business, Chief Executive Bjorn Gulden said on Wednesday. The sportswear retailer “cannot expect growth in China in 2022”, he said following the publication of the company’s …
HONG KONG (Reuters) – The world’s biggest casino hub of Macau has set up a committee to vet bidders for new casino licences expected to be decided by the end of the year, the government said on Wednesday. The rebidding takes place amid Macau’s worst outbreak of COVID-19, which led to a 12-day closure of …
By Selena Li and Samuel Shen HONG KONG/SHANGHAI (Reuters) – UBS Group AG plans to set up a wholly owned mutual fund business in China, two people with direct knowledge of the matter told Reuters, as the Swiss bank seeks to expand its footprint in the country’s $3.9 trillion retail fund market. UBS aims to …
Exclusive-UBS plans to expand China footprint with new mutual fund unit – sources Read More »
By Scott Murdoch and Kane Wu HONG KONG (Reuters) – Hong Kong is set to see billions of dollars flowing in from the mainland with more Chinese companies expected to upgrade their listings in the city to tap into a bigger pool of capital amid the looming threat of delistings in the United States. E-commerce …
Hong Kong set for billions in inflows from China companies’ listing upgrades Read More »
By Soo-hyang Choi SEOUL (Reuters) -South Korea’s prime minister said on Wednesday he would recommend to the president a pardon for Jay Y. Lee, vice chairman of the world’s biggest memory chip maker, Samsung Electronics. Lee, heir to the world’s second-largest contract chip maker, was convicted of bribery and embezzlement in January last year but …
S.Korean PM to recommend presidential pardon for Samsung’s Lee Read More »
