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Top StoriesNorway’s Wealth Fund Loses Record $174 Billion in First Half of 2022
InvestingEuropean Stocks Rally for Fifth Day as Defensives, Miners Climb
Top StoriesRouble Weakens Towards 62 vs Dollar, Stocks Up
Top StoriesExclusive: Wall Street Revives Russian Bond Trading After U.S. Go-Ahead
Chinese Developers in ‘survival Mode’ Slash Property Investment
Date: August 15, 2022
BEIJING (Reuters) -Chinese developers in “survival mode” sharply cut property investment in July while new construction starts suffered their biggest fall in nearly a decade, suggesting the liquidity-challenged sector is not about to turn the corner anytime soon. China’s property market, accounting for about a quarter of the economy, has been trapped in a capital...
Can Investing Help Safeguard Your Finances Against Inflation?
Date: August 12, 2022
By Hassaan Khan, Head of the School of Digital Finance at Arden University Inflation in the UK has been ominously high since the turn of the year, with signs that it is only set to increase over the rest of the year and, perhaps, well into next year too. However, there are a few strategies you...
Credit Suisse Steps up $440 Million Legal Dispute With SoftBank
Date: August 12, 2022
(Reuters) -Credit Suisse has applied to the English High Court to initiate formal legal proceedings against Japan’s SoftBank Group Corp in a $440 million dispute over Greensill-linked funds, two sources familiar with the matter said on Thursday. Switzerland’s second-largest bank is trying to recover client funds that Greensill Capital, a defunct finance firm, had lent...
Flutter’s Full-Year Earnings Turnaround Forecast Sends Shares Higher
Date: August 12, 2022
DUBLIN (Reuters) -Flutter posted a 20% fall in first-half earnings but saw no sign of cash-strapped customers betting less and expects to finish the year ahead of 2021 excluding a final year of losses in the U.S, sending its shares higher. The world’s largest online betting firm said on Friday that increased investment in its...
Biden ‘concerned’ as China Extends Military Drills Around Taiwan
Date: August 8, 2022
By Sarah Wu and Martin Quin Pollard TAIPEI (Reuters) -China’s military announced fresh military drills in the seas and airspace around Taiwan on Monday, a day after the scheduled end of its largest ever exercises to protest against last week’s visit to the island by U.S. House Speaker Nancy Pelosi. China’s Eastern Theatre Command said...
Italy’s Centre-Left Dealt Blow as Centrist Party Quits Electoral Pact
Date: August 8, 2022
By Federico Maccioni and Angelo Amante ROME (Reuters) -The leader of Italy’s centrist Azione party said on Sunday it would leave a centre-left election alliance it formed with the Democratic Party (PD) last week, dealing a blow to the coalition’s odds ahead of a Sept. 25 ballot. The Green leftist federation and centrist party Impegno...