Britain is betting everything on historic tax cuts and loans, investors scare

Register now for FREE unlimited access to Register Kwarteng lowers top income tax rate for growth Huge increase in UK sovereign debt issuance planned Stamps suffer worst malaise in decades Pound falls to new 37-year low against dollar LONDON, Sept. 23 (Reuters) – Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, on Friday unleashed … Read more

Wall St Week Ahead: As Markets Spin, Investors Hide In Cash Despite Rising Inflation

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, USA Dec. 28, 2016. REUTERS/Andrew Kelly Register now for FREE unlimited access to Register NEW YORK, Sept. 16 (Reuters) – A difficult year in the markets is leading some investors to seek refuge in … Read more

Factbox: Panel Recommendations in India for a Thriving Online Game Industry

The words “Indian Online Gaming Rules” appear in front of an Indian flag in this illustration, taken Sept. 14, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Register NEW DELHI, Sept. 15 (Reuters) – India should create a regulatory body to classify online games based on skill or chance, introduce rules to … Read more

Chinese gaming giants Tencent, Netease pick up more foreign studios

The logo of internet technology company NetEase is on display at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China on July 30, 2021. Photo taken on July 30, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Register PARIS, Aug. 31 (Reuters) – Chinese video game giants … Read more

Exclusive: Major Traders, Banks Cut Ties With Russian-Backed Indian Refinery

The logo of the Russian oil company Rosneft is pictured at the Rosneft Vietnam office in Ho Chi Minh City, Vietnam, April 26, 2018. REUTERS/Maxim Shemetov/File Photo Register now for FREE unlimited access to Register NEW DELHI, Aug. 24 (Reuters) – Many global oil traders and banks have stopped dealing with Indian refinery Nayara … Read more

Factbox: Major banks expect more than $1 billion in fines for WhatsApp use

Aug 22 (Reuters) – Banking giants such as JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) collectively face more than $1 billion in regulatory fines for employees’ use of unapproved messaging tools, including email and apps like WhatsApp. The U.S. Securities and Exchange Commission (SEC) began investigating banks’ accounting practices regarding the use … Read more

China sentences tycoon Xiao Jianhua to 13 years, fines his company $8.1 billion

People walk past the building with the listed address of the Tomorrow Holdings office in Beijing, China, February 3, 2017. REUTERS/Thomas Peter Register now for FREE unlimited access to Register BEIJING, Aug 19 (Reuters) – A Shanghai court has sentenced Chinese-Canadian billionaire Xiao Jianhua, who has not been seen in public since 2017, to … Read more

Saudi Arabia’s Kingdom Holding Invests in Russian Energy Companies

Aug 14 (Reuters) – Saudi Arabia’s Kingdom Holding (4280.SE) invested between February 22 and March 22 in Russian energy groups Gazprom (GAZP.MM), Rosneft (ROSN.MM) and Lukoil (LKOH.MM), on Twitter on Sunday. Many Western countries have imposed sanctions on Russian energy companies and their executives following the Russian invasion of Ukraine on February 24. Kingdom Holding’s … Read more

EXCLUSIVE PDVSA Pauses Oil-for-Debt Shipments to Europe, Wants Product Swap

An oilfield worker walks past pipelines at PDVSA’s Jose Antonio Anzoategui industrial complex in Anzoategui state, April 15, 2015. REUTERS/Carlos Garcia Rawlins Register now for FREE unlimited access to Register HOUSTON, Aug. 12 (Reuters) – Venezuela has suspended new supplies of crude oil to Europe under an oil-for-debt deal and has asked Italy’s Eni … Read more

Five Chinese SOEs to Leave NYSE Amid Tensions in US

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said Friday they would delist the New York stock exchange. amid economic and diplomatic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec Shanghai … Read more