Dollar rebound extends for third day before Fed’s Powell speech
(Reuters) – The dollar’s rebound extended for a third day on Wednesday after some Federal Reserve policymakers left the door…
GM’s Cruise to recall 950 driverless cars after accident involving pedestrian
(Reuters) – Cruise is recalling 950 driverless cars from the roads across the United States and may withdraw more following…
Why WeWork failed, and what is next
(Reuters) – Flexible workspace provider WeWork sought U.S. bankruptcy protection on Monday, crippled by a large debt pile and soaring…
HSBC to launch digital assets custody service by 2024
HSBC Holdings Plc (LON:HSBA) has announced plans to introduce a custody service for digital assets such as tokenized securities by…
Jewellery maker Pandora raises sales forecast after Q3 profit beat
(Reuters) – Danish jewellery maker Pandora (OTC:PANDY) reported a smaller than expected drop in third-quarter profit on Wednesday as more…
TikTok owner ByteDance offers to buy back shares from staff at $160 apiece
(Reuters) – China’s ByteDance, the parent of short video app TikTok, is offering to buy back shares from its employees…
Oil prices sputter near 3-month lows as demand concerns mount
(Reuters) – Oil prices struggled on Wednesday after sliding to their lowest levels in over three months in the previous…
Gold prices under pressure with Powell speech in focus
Gold prices moved little in Asian trade on Wednesday, but were nursing steep losses over the past two sessions as…
Oil dives 4% to lowest since July on demand worry, strong dollar
(Reuters) – Oil prices fell more than 4% on Tuesday to their lowest since late July, as mixed Chinese economic…
Factbox-China property rescue: Who are Ping An Insurance Group and Country Garden?
(Reuters) – Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the…