China’s auto workers bear the brunt of price war as fallout widens
(Reuters) – As Shanghai sweltered in a heatwave in June, the car factory where Mike Chen works switched production to…
Exclusive-Shell, Trinidad weigh Venezuela’s natural gas investment demands
(Reuters) – Shell (LON:SHEL) and Trinidad and Tobago’s National Gas Company (NGC) are close to agreeing to credit Venezuela’s state-run…
SoftBank’s Arm aims for over $52 billion valuation in biggest US IPO of the year
(Reuters) – SoftBank Group’s Arm is seeking a valuation of more than $52 billion in its initial public offering, the…
Weak global activity data sends US dollar to six-month high, Aussie skids
(Reuters) – Jitters about global growth, particularly in China, caused the safe-haven U.S. dollar to hit multi-month highs on the…
Oil slips as investors sour on China
(Reuters) – Oil prices dipped on Tuesday as fresh data added to gloom over the state of China’s post-pandemic recovery,…
Dow futures largely unchanged; Goldman cuts U.S. recession chance
U.S. stock futures traded marginally lower Tuesday, handing back some of the previous week’s strong gains at the start of…
S&P Global raises reinsurance sector view to stable from negative
(Reuters) – S&P Global has raised its view of the global reinsurance sector to stable from negative, it said on…
Canadian pilots eye higher-paid U.S. cockpits as staffing shortages bite
(Reuters) – The number of Canadian pilots seeking to fly in the United States tripled in 2022, according to previously…
Marketmind: China optimism dissipates after weak data
A look at the day ahead in European and global markets from Ankur Banerjee Investor sentiment on China remains fragile,…
Global shares drop as China optimism fades; Aussie tumbles
(Reuters) – Global equities fell on Tuesday as weak service sector data rekindled worries over China’s sputtering post-pandemic economy, while…