SHANGHAI (Reuters) -China’s securities regulator unveiled a package of measures on Friday aimed at reviving a sinking stock market, but investors said they would do little to boost confidence if the economy remains sluggish. The China Securities Regulatory Commission (CSRC) proposed steps including cutting trading costs, supporting share buybacks and encouraging long-term investment to support …
WASHINGTON (Reuters) – The U.S. State Department has approved a possible sale to Australia of M142 High Mobility Artillery Rocket Systems (HIMARS) for $975 million, the Pentagon said on Friday. The principal contractors will be Lockheed Martin, L3Harris, Leonardo DRS, and Oshkosh, the Pentagon said in a statement. (Reporting by Paul Grant and Kanishka Singh)
By Mike Dolan LONDON (Reuters) – A frantic recalibration of long-term borrowing rates has unnerved financial markets trying to parse both many of the positive reasons behind the move and worrying implications of a fresh hit to bond markets. Almost independently of any new take on the trajectory of Federal Reserve policy – as the …
Column-Good, bad and ugly in renewed bond rout: Mike Dolan Read More »
LONDON (Reuters) – Top cryptocurrency bitcoin hit a fresh two-month low on Friday, breaking out of its recent tight range, as a wave of risk off sentiment grips world markets. On Thursday, bitcoin fell 7.2% in its biggest one-day drop since November 2022 when top exchange FTX collapsed. It then slipped to a two-month low …
Bitcoin drops to new two-month low as world markets sell off Read More »
By Muyu Xu SINGAPORE (Reuters) – Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the OPEC producer cuts exports by nearly a fifth to feed its huge new refinery, which is driving up prices for other sour crudes and likely to squeeze profit margins. Lower Kuwaiti exports follow cuts …
Analysis-Asia’s refiners face profit crunch as Kuwait cuts crude exports Read More »
WASHINGTON (Reuters) – Banking group Citibank was subpoenaed on Thursday by Republican-led U.S. House of Representatives Judiciary Committee Chair Jim Jordan for a congressional probe into data sharing by banks with the FBI. Panels in the Republican-led chamber are probing major banks sharing Americans’ private financial data with the FBI without legal process for transactions …
Citibank subpoenaed over US House probe into alleged data sharing with FBI Read More »
By Jonathan Stempel (Reuters) – A U.S. federal judge on Thursday dismissed a lawsuit accusing YouTube of restricting or removing videos from Black and Hispanic content creators because of their race. U.S. District Judge Vince Chhabria in San Francisco said that although the idea that YouTube’s algorithm could discriminate based on race is plausible, the …
YouTube defeats racial bias lawsuit by Black, Hispanic content creators Read More »
By Jaspreet Singh and Max A. Cherney (Reuters) -Semiconductor equipment maker Applied Materials on Thursday forecast fourth-quarter results and third-quarter earnings that beat estimates. Shares jumped 1.9% in extended trading. Governments across the globe have given billions of dollars in subsidies in the past year to boost domestic semiconductor production, which benefited Applied Materials and …
Chip tool maker Applied Materials shares jump after strong forecast Read More »
(Reuters) – U.S. Steel said on Thursday that its labor agreement with United Steel Workers (USW) does not afford the union the right to veto a sale of the company that may arise from its recently announced strategic review. U.S. Steel’s statement came after USW said this week it would only back Cleveland-Cliffs Inc as …
U.S. Steel says union cannot block company’s sale Read More »
(Reuters) – Ross Stores raised annual sales and profit forecasts after beating quarterly estimates, as inflation-hit customers shopped for its discounted clothing and shoes, sending the company’s shares up about 6% in extended trading on Thursday. Demand for discounted and off-price items gathered steam as consumers looked for cheaper deals on both essentials and non-essentials …
Ross Stores raises annual forecasts on strong demand from bargain-hunting shoppers Read More »
