hong kong

Stocks churn ahead of Fed minutes as oil tumbles on price cap plan

Fed Minutes for November at 7:00 p.m. GMT American Thanksgiving holiday on Thursday Stocks post weak gains globally Eurozone economic data point to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global stocks rebounded on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light on whether the …

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Nearly half of Meta job cuts were in tech, reorg underway – execs say

OAKLAND, Calif., November 11 (Reuters) – Meta Platforms, owner of Facebook (META.O) told employees on Friday it would stop developing smart displays and smartwatches and that nearly half of the 11,000 jobs it cut this week as part of unprecedented cost-cutting were in tech roles . Speaking at a public employee meeting heard by Reuters, …

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Asian shares fall ahead of U.S. CPI, crypto worries mount

https://tmsnrt.rs/2zpUAr4 Dollar Holds Firm, Crypto Fuels Spillover Fears European markets set to open lower Mainland China and Hong Kong stocks battered by spike in COVID cases Focus on US inflation for signs of slowing Fed rate hike SYDNEY, Nov 10 (Reuters) – Asian stock markets fell on Thursday and the dollar held on to overnight …

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Canada orders three Chinese firms to exit lithium mining

China says Canada is breaking trade and market rules Chinese company stocks fall Companies say they don’t expect a major performance hit OTTAWA/BEIJING, Nov 2 (Reuters) – Canada on Wednesday ordered three Chinese companies to divest their investments in critical Canadian minerals, citing national security. In response, China accused Ottawa of using national security as …

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China GDP: Hong Kong stocks plunge 6% as fears about Xi’s third term trump data

hong kong CNN Business — Hong Kong stocks had their worst day since the 2008 global financial crisis, just a day after Chinese leader Xi Jinping secured his iron grip on power at a large political rally. Foreign investors spooked by the outcome of the Communist Party leadership reshuffle dumped Chinese stocks and the yuan …

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Dollar absorbs suspected yen intervention, China data mixed

https://tmsnrt.rs/2zpUAr4 Dollar shaken against yen by alleged BOJ intervention Stocks cut early gains as Chinese markets ease Chinese GDP beats forecasts but retail sales disappoint Stg flat as Boris Johnson withdraws from PM race SYDNEY, Oct 24 (Reuters) – The U.S. dollar held off another suspected outburst on Monday from Japanese intervention to push the …

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Europe edges higher as UK U-turns settle nerves

European markets gain as UK measures help sterling and gilts Nikkei down 1.2%, S&P 500 recovers slightly after its fall Dollar close to 149 yen, market wary of intervention Chinese yuan plummets after Xi’s congress speech LONDON/SYDNEY, Oct 17 (Reuters) – European stock, bond and currency markets rose tentatively on Monday, helped by relief that …

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China tech shares sink as U.S. export curbs raise chip sector hurdles

By Josh Horwitz and Jason Xue SHANGHAI, Oct 10 (Reuters) – Shares in Chinese tech giant Alibaba Group (9988.HK) and Tencent (0700.HK) and chipmakers fell on Monday as investors spooked by new US export controls aimed at slowing Beijing’s technological and military advancements. The Biden administration on Friday issued a sweeping set of export controls, …

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Britain’s tax backdown bounces stocks and sterling

Britain abandons small part of tax plan; relieved markets The Reserve Bank of Australia surprises with a short hike high VIX; Credit Suisse shares slide to nerves below SYDNEY, Oct 4 (Reuters) – Asian stocks rebounded on Tuesday after Britain scrapped elements of a controversial tax cut plan, temporarily improving global market sentiment and rallying …

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