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

Novelist Salman Rushdie on fan after stabbing in New York

NEW YORK, Aug 12 (Reuters) – Salman Rushdie, the Indian-born novelist who spent years in hiding after Iran urged Muslims to kill him over his writing, has been stabbed in the neck and chest on stage at a conference in New York state on Friday and airlifted to hospital, police said. After hours of surgery, … 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

South Korea’s Yoon pardons Samsung’s Jay Y. Lee to counter ‘economic crisis’

Samsung heir served 18 months in prison for bribery Businessmen have been convicted in the scandal that killed a president S. Korea says leaders must help overcome economic crisis Samsung may increase investment with Lee pardoned – analysts SEOUL, Aug 12 (Reuters) – South Korean President Yoon Suk-yeol has pardoned Samsung Electronics (005930.KS) On Friday, … 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

US gasoline prices fall below $4 for the first time since March

Gasoline demand has fallen this summer Low-income households spend less as prices fall US retail price hit record high in June Aug 11 (Reuters) – The average U.S. retail gasoline price fell below $4 a gallon on Thursday for the first time in months, providing relief to drivers of the world’s biggest consumer of fuel … Read more

Shock, shame among some Muslims as Afghan charged with New Mexico killings

Attendees of an interfaith memorial ceremony enter the Islamic Center of New Mexico mosque to commemorate four slain Muslim men, hours after police said they arrested a prime suspect in the murders, in Albuquerque, New Mexico, States United, August 9, 2022. REUTERS / Andrew Hay Join now for FREE unlimited access to Reuters.com Register ALBUQUERQUE, … 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

Trump refuses to answer questions from New York attorney general’s inquiry

Trump denies wrongdoing, again says he faces ‘witch hunt’ New York Attorney General’s Office Says Investigation Continues The deposition came two days after the FBI raided Trump’s home NEW YORK, Aug 10 (Reuters) – Former U.S. President Donald Trump said on Wednesday he declined to answer questions during an appearance before the New York State … Read more

Disney overtakes Netflix on streaming subscribers and sets higher prices

LOS ANGELES, Aug 10 (Reuters) – Walt Disney Co. (DIS.N) beat out Netflix Inc (NFLX.O) with a total of 221 million streaming customers and announced it would raise prices for customers who want to watch Disney+ or Hulu without ads. The media giant will increase the monthly cost of ad-free Disney+ by 38% to $10.99 … Read more