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Norway Wealth Fund to Firms: Use Ai, but Do It Responsibly
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UK Lenders Trial Government-Backed Loans for Risky Borrowers
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Dollar Falls After Stronger-Than-Expected Retail Sales Data, Yuan Falls to 9-month Low
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Germany Planning to Raise Amount of Tax Relief for Firms: Document
Oil Drops About 2% on Worries About Chinese Economy
Date: August 15, 2023
Oil drops about 2% on worries about Chinese economy By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell about 2% on Tuesday on sluggish Chinese economic data coupled with fears that Beijing’s unexpected cut in key policy rates was not sufficiently substantial to rejuvenate the country’s sputtering post-pandemic recovery. Brent crude futures fell $1.60,...
Wall St and Oil Dive as Investors Fret Over Rates, China
Date: August 15, 2023
Wall St and oil dive as investors fret over rates, China By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks fell Tuesday, and oil slid over 1% as investors found fresh concerns over whether the Federal Reserve was done hiking interest rates and the resilience of China’s economy. All three major U.S. equity indexes were down in...
Sweden, UK Lead European Shares Lower on Rate-Hike Fears
Date: August 15, 2023
Sweden, UK lead European shares lower on rate-hike fears By Shashwat Chauhan and Ankika Biswas (Reuters) -UK and Swedish stocks led declines among European peers on Tuesday after data from both countries triggered worries about high interest rates, while China-exposed shares fell as Beijing’s policy support failed to boost investor sentiment. The pan-European STOXX 600...
Russia’s Rouble Rises Ahead of Central Bank Extraordinary Meeting
Date: August 15, 2023
Russia’s rouble rises ahead of central bank extraordinary meeting MOSCOW (Reuters) -The Russian rouble rose on Tuesday as investors bet the central bank would hike rates at an extraordinary policy meeting after the Russian currency tumbled past 101 per U.S. dollar on Monday and prompted a Kremlin call for tougher monetary policy. The rouble, which...
China’s Livestreaming Attracts Young Hopefuls as Competition Grows
Date: August 15, 2023
China’s livestreaming attracts young hopefuls as competition grows By Casey Hall SHANGHAI (Reuters) – Only a few months after beginning her career as a livestream sales host in January, Zhang Jinyu, 28, a former model and blogger with a master’s degree in fashion management, had clocked hundreds of hours of broadcasting time working with brands...
As World Cup Breaks Records, Adidas, Nike Navigate Bumps in Retail Demand
Date: August 15, 2023
As World Cup breaks records, Adidas, Nike navigate bumps in retail demand By Helen Reid and Amy Tennery LONDON/AUCKLAND (Reuters) – The unpredictability of the Women’s World Cup, with the U.S. knocked out early and a first-time champion assured, is forcing major global marketers such as Adidas and Nike to move fast to adapt to...