Saudi wealth fund to cut overseas investments
By Hadeel Al Sayegh, Iain Withers and Anousha Sakoui RIYADH/LONDON (Reuters) -Saudi Arabia’s sovereign wealth fund plans to cut its overseas investments by about a third, its governor told a…
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European car safety agency snubs BYD’s Atto 3 driver assistance system
MILAN (Reuters) – Europe’s car safety agency has issued a “not recommended” rating to the driver assistance system used in BYD (SZ:002594)’s Atto 3 EV, dealing a blow to the…
Workers launch strikes as Germany frets over industrial future
By Maria Martinez and Matthias Williams BERLIN (Reuters) -Thousands of German workers launched nationwide strikes to press for higher wages on Tuesday, compounding woes of companies worried about staying globally…
A week before US vote, Yellen revives arguments on strong economy
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen is seeking to reclaim the narrative on the Biden administration’s economic record on Tuesday, arguing that Americans are better…
Fed’s rate cut revives small business optimism and plans to borrow
By Ann Saphir (Reuters) – This past summer, leads for Brian Brown’s landscaping business near Lake Tahoe were drying up. “We’d put together bids, call clients, and they were like,…
US interest rate options price in Republican sweep, jump in volatility
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Ahead of the U.S. presidential election next week, investors in interest rate options are putting on trades that will pay off if rates…
Biden announces $3 billion investment for US ports
(Reuters) -U.S. President Joe Biden on Tuesday announced a $3 billion investment from his Inflation Reduction Act to improve the country’s port infrastructure. The investment includes $147 million in awards…
Reaction to Reuters report on China’s stimulus plans
(Reuters) – China is considering approving next week the issuance of over 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to revive its fragile economy,…
Alphabet to report, Ford’s profit outlook, oil steadies – what’s moving markets
Investing.com — US stock futures were muted on Tuesday ahead of a raft of corporate earnings reports. Google-owner Alphabet (NASDAQ:GOOGL) is set to highlight the day’s slate of results, with investors…
BOK board member Chang said property market risks need further checks, minutes show
SEOUL (Reuters) – A voting Bank of Korea board member, Chang Yong-sung, who dissented in its decision to cut interest rates on Oct. 11, said any rate reduction should be…