Five Chinese state-owned companies to delist from NYSE amid U.S. tensions

Five Chinese state-owned companies to delist from NYSE amid U.S. tensions

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

World shares bounce after U.S. jobs report sell-off

World shares bounce after U.S. jobs report sell-off

Euro STOXX gains 0.8% Wall Street set to gain Markets narrow odds on 75 bp hike ahead of U.S. CPI Dollar falls Oil recoups early losses, tries to rally LONDON/SYDNEY, Aug 8 (Reuters) – Shares gained ground on Monday, recovering their footing after a strong U.S. jobs report last week bolstered the case for more … Read more

Asian stocks slide with U.S. yields on Pelosi jitters; Aussie drops

Asian stocks slide with U.S. yields on Pelosi jitters; Aussie drops

A man wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 14, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 2 (Reuters) – Asia stocks … Read more

HSBC hangs up on Ping An break-up call, lifts payout and profit goal

HSBC hangs up on Ping An break-up call, lifts payout and profit goal

HSBC to revert to paying quarterly dividends from 2023 Aims to win over investors with higher profitability target Says demerger of Asian business has huge risks London shares rise 6% LONDON/SINGAPORE, Aug 1 (Reuters) – HSBC (HSBA.L) pushed back on a proposal by top shareholder Ping An Insurance Group Co of China (601318.SS) to split … Read more

U.S. SEC adds Alibaba to list of Chinese companies facing delisting risk

U.S. SEC adds Alibaba to list of Chinese companies facing delisting risk

July 29 (Reuters) – Alibaba Group Holding Ltd (9988.HK), is among a list of Chinese companies that could face delisting, the U.S. Securities and Exchange Commission said on Friday, pushing the e-commerce giant’s shares down about 9% in mid-day trading. Alibaba is among more than 270 Chinese companies listed in New York identified as being … Read more

Giant video screen falls during Hong Kong pop concert, dancers hurt

Giant video screen falls during Hong Kong pop concert, dancers hurt

HONG KONG, July 29 (Reuters) – A big video panel fell onto a stage during a concert by Hong Kong boyband Mirror on Thursday, injuring at least two dancers, one of them seriously, and prompting authorities to ban the group from performing pending an investigation. Video clips of the screen falling were circulating on social … Read more

Google helps jittery stocks ahead of Fed

Asian stocks slide with U.S. yields on Pelosi jitters; Aussie drops

A man wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 14, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Nasdaq futures up 1.5%, S&P 500 futures … Read more

China, Indonesia pledge deeper ties after rare Beijing summit

China, Indonesia pledge deeper ties after rare Beijing summit

BEIJING, July 26 (Reuters) – The leaders of China and Indonesia pledged on Tuesday to scale up bilateral trade and expand cooperation in areas such as agriculture and food security, following a rare visit to COVID-wary China by a foreign head of state. China and Indonesia believe their relations have great strategic significance and far-reaching … Read more

Russia gas flow lifts euro ahead of ECB rate meeting

Russia gas flow lifts euro ahead of ECB rate meeting

Resumption in Russia gas flows lifts euro ECB set to hike rates by at least 25 basis points ECB rate decision due at 1215 GMT U.S. crude oil prices trade below $100 a barrel LONDON, July 21 (Reuters) – Stock markets eased on Thursday as a resumption of Russian gas supplies to Europe lifted the … Read more

Stocks climb, euro inches higher in big week for markets

Stocks climb, euro inches higher in big week for markets

LONDON, July 18 (Reuters) – World equity markets got off to a solid start on Monday and the euro pulled away from parity as market participants scaled back bets on the Federal Reserve interest rate hike next week and on optimism spurred by central bank pledges to support China’s economy. U.S. stock futures were up … Read more