Five Chinese state-owned companies under US scrutiny will pull out of the New York Stock Exchange

SHANGHAI/HONG KONG/NEW YORK, Aug 12 (Reuters) – Five U.S.-listed Chinese state-owned companies whose audits are being scrutinized by the U.S. securities regulator said on Friday they would voluntarily withdraw from the New York stock exchange. The oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS)Aluminum Corporation of China (Chalco) (601600.SS)PetroChina (601857.SS) and a separate entity … Read more

S&P 500 and Nasdaq close 4th straight week as optimism grows

Nasdaq and S&P 500 post longest weekly winning streaks since November S&P 500 recoups 50% of bear market losses The S&P 500 is up 17.7% from a mid-June low NEW YORK, Aug 12 (Reuters) – Wall Street closed higher on Friday as signs that inflation may have peaked in July boosted investor confidence in the … Read more

North Korea declares victory over COVID, suggests leader Kim had it

SEOUL, Aug 11 (Reuters) – North Korean leader Kim Jong Un has declared victory over COVID-19 and his sister said he too had caught the virus, while vowing “deadly retaliation” against the South Korea, which the North blames for causing the outbreak. Kim ordered the lifting of the maximum anti-epidemic measures imposed in May, while … Read more

South Korea and China clash over US missile shield, complicating conciliation

A Terminal High Altitude Area Defense (THAAD) interceptor is seen in Seongju, South Korea June 13, 2017. Picture taken June 13, 2017. REUTERS/Kim Hong-Ji Join now for FREE unlimited access to Reuters.com Register SEOUL, Aug 11 (Reuters) – China and South Korea clashed over a U.S. missile shield on Thursday, threatening to undermine the new … Read more

Exclusive: US rethinks Chinese tariff measures following Taiwan response – sources

WASHINGTON, Aug 10 (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 , putting those options aside for now, according to sources familiar with the deliberations. President Joe Biden’s team has been struggling for months with … Read more

Wall Street rally lifts Nasdaq 20% from low as inflation fears to ebb

Traders work on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York, U.S., August 8, 2022. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register The Fed is now expected to achieve a 50 basis point hike in September Consumer price growth slows in the United States in July … Read more

China withdraws its promise not to send troops to Taiwan if it takes control of the island

Troops in military vehicles take part in the military parade marking the 70th anniversary of the founding of the People’s Republic of China, on its National Day in Beijing, China October 1, 2019. REUTERS/Thomas Peter Join now for FREE unlimited access to Reuters.com Register BEIJING, Aug 10 (Reuters) – China has withdrawn its promise not … Read more

China’s factory inflation hits 17-month low, consumer prices accelerate

A worker walks past rolls of steel at the Chongqing Iron and Steel Factory in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File Photo Join now for FREE unlimited access to Reuters.com Register July producer inflation at lowest since February 2021 July consumer inflation at a 2-year high PBOC should remain dovish to boost growth … Read more

Cryptoverse: blockchain bridges fall into troubled waters

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole around $190 million from US crypto firm Nomad last … Read more

Bridgewater fends off Chinese ‘All Weather’ copycats

SHANGHAI/NEW YORK, Aug 8 (Reuters) – Billionaire hedge fund manager Ray Dalio’s huge popularity in China has not only attracted local investors to his funds, but also spawned local challengers using his strategy and brand.” All Weather” to try and beat him at his own game. Now, the Connecticut-based hedge fund giant he founded, Bridgewater … Read more