Category Archives:
Investors trim long positions on Asian currencies, yuan bets halved
(Corrects second bullet to say yuan, not rupiah) By Nikhil Nainan BENGALURU (Reuters) -Long bets on most of Asia's emerging currencies were trimmed, a Reuters poll showed on Thursday, as investors wei...
Jun 17, 2021
Analysis-As Fed taper inches closer, investors prepare for volatility ahead
NEW YORK (Reuters) - As the Federal Reserve takes initial steps toward removing its massively accommodative policy, investors are preparing for the main show ahead. Fed officials on Wednesday penciled...
Jun 17, 2021
Walmart’s Flipkart challenges India court order on antitrust probe-sources
By Aditya Kalra NEW DELHI (Reuters) - Walmart's Flipkart has filed a legal challenge against an Indian court's decision to allow an antitrust probe to restart, sources with direct knowledge told Reute...
Jun 16, 2021
Major milestones in Chinese space exploration
BEIJING (Reuters) - China launched a spacecraft on Thursday carrying three astronauts to the main module of the country's space station, its first crewed mission in nearly five years. China's first fu...
Jun 16, 2021
SNB says Archegos fallout demonstrates need for TBTF rules at Credit Suisse, UBS
ZURICH (Reuters) - Losses that arose from exposure to U.S.-based investment firm Archegos have demonstrated the need for 'too big to fail' capital requirements to ensure adequate resilience at Credit ...
Jun 16, 2021
ByteDance’s gross profit rose 93% to $19 billion last year – WSJ
(Reuters) - TikTok Owner ByteDance's gross profit surged 93% to $19 billion last year, while its net loss for 2020 totaled $45 billion, the Wall Street Journal reported on Thursday, citing a memo. The...
Jun 16, 2021
Philippine Airlines parent posts record loss, readies restructuring plan
MANILA (Reuters) - The parent company of Philippine Airlines' booked a record 73 billion pesos ($1.51 billion) loss in 2020, up seven fold from a year earlier, after the COVID-19 pandemic lashed the g...
Jun 16, 2021
How to handle a bidding war in a hot housing market
By Chris Taylor NEW YORK (Reuters) - Over the last few years, if you were trying to buy a home in the United States, you were typically up against one other bidder for sales that closed. Last fall, th...
Jun 16, 2021
China’s ‘wolf warrior’ diplomacy is ‘justified defence’, envoy says
By Yew Lun Tian BEIJING (Reuters) - China's "wolf warrior diplomacy", an aggressive and often abrasive stance adopted by its diplomats since 2020, is simply "justified defence" against attacks by a We...
Jun 16, 2021
Dish Network taps Dell for 5G network infrastructure
By Stephen Nellis (Reuters) - Dish Network will tap Dell Technologies Inc for key parts of the new 5G network it is building in the United States, the companies said on Thursday. Dish has committed to...
Jun 16, 2021
Peoria, IL, USA
45 °F Clear
