Key Republican urges Biden to set broad restrictions on U.S. investments in China
U.S. Representative Mike Gallagher (R-WI) walks to a House Permanent Select Committee on Intelligence meeting on Capitol Hill in Washington,...
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Worldcoin says will allow companies, governments to use its ID system
Ricardo Macieira, regional manager, Europe holds the biometric imaging device, the Orb of the identity and financial public utility Worldcoin in his hands, to create a World ID digital passport, being able to trade in cryptocurrency issued, in Berlin, Germany August 1, 2023. REUTERS/Annegret HilseLONDON, Aug 2 (Reuters) - Worldcoin will expand its operations to sign up more users globally and aims to allow other organisations to use its iris-scanning and identity-verifying technology, a senior manager for the company behind the project told Reuters.Co-founded by OpenAI CEO Sam Altman, Worldcoin...
Analysis: Commercial real estate investors, banks buckle up for perfect property storm
LONDON/SYDNEY, July 31 (Reuters) - Commercial real estate investors and lenders are slowly confronting an ugly question - if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar?Rising interest rates, stubborn inflation and squally economic conditions are familiar foes to seasoned commercial property buyers, who typically ride out storms waiting for rental demand to rally and the cost of borrowing to fall.Cyclical downturns rarely prompt fire sales, so long as lenders...
Morning Bid: BOJ excites, Dow unlucky but Intel jumps
A look at the day ahead in U.S. and global markets from Mike DolanThe Bank of Japan added its own...
Morning Bid: ECB to follow Fed hike, Meta surges
A look at the day ahead in U.S. and global markets from Mike DolanWith markets still betting Wednesday's interest rate...
UK’s Schroders H1 assets drop, Jupiter, St James’s Place rise
July 27 (Reuters) - British asset manager Schroders (SDR.L) reported a drop in first-half assets under management on Thursday, due to weaker investor sentiment amid market volatility.UK investors are playing it safe pulling $842 million from equity funds in June in favour of money market and fixed-income funds, fund network Calastone said earlier this month."Like the rest of our peers we see this to be a challenging environment, markets are volatile," Jupiter CEO Matthew Beesley told Reuters."We know that client confidence in markets is not high. With this uncertain environment...
European Union agrees post-Brexit rules for hedge funds
LONDON, July 20 (Reuters) - The European Union said on Thursday it has reached a deal on revising its rules...
Vietnam EV maker VinFast to start construction of US factory next week
HANOI, July 19 (Reuters) - Vietnamese automaker VinFast said on Wednesday it would start construction of a $4 billion electric...
Morning Bid: Retail, housing and banks test jaunty July
A look at the day ahead in U.S. and global markets from Mike DolanThe benign July investment environment gets tested...
European shares slip as Richemont, China data drag
STOXX 600 down 0.6% in soft start to the weekRichemont slumps after organic sales growth disappointsWeak China data drags other luxury firmsArgenx jumps, helps Brussels stocks outshine EuropeJuly 17 (Reuters) - European shares fell on Monday as Richemont led a slide among luxury firms on weaker-than-expected organic sales growth and as lacklustre economic growth in China raised concerns about demand from the world's second-biggest economy.The pan-European STOXX 600 index (.STOXX) closed 0.6% lower, with luxury giants at the forefront of the selling pressure.Shares of the world's second-biggest luxury firm, Richemont...