Analysis: Green-push dilemma: China’s steel curbs could cripple price control efforts
China is facing a high profile test of its commitment to curbing industrial pollution after steel output surged in the first half of the year to well beyond its target of capping production at 2020’s peak, sending emissions to new highs.
Asian shares move off near year lows, NZ holds rates steady
Asian shares edged off near year-to-date lows on Wednesday despite Wall Street’s overnight declines, while New Zealand’s central bank defied expectations by not raising interest rates as the country is in lockdown due to cases of the COVID-19 Delta variant.
China’s Geely warns of chip shortage, but keeps annual vehicle sales target
China’s Geely Automobile Holdings Ltd (0175.HK) retained its annual sales target on Wednesday, betting that new vehicle launches will offset the short-term impact of a global chip shortage and a resurgence of the coronavirus pandemic.
Carlsberg raises guidance as beer volumes recover
Danish brewer Carlsberg (CARLb.CO) raised its full-year earnings guidance on Wednesday after reporting second-quarter sales above expectations as beer volumes exceeded pre-pandemic levels.
MOVES Citigroup poaches Shah from Credit Suisse to boost tech M&A
Citigroup (C.N) has hired veteran tech banker Dhiren Shah from Credit Suisse Group AG (CSGN.S), as it doubles down on investing in its tech franchise, according to a memo seen by Reuters on Tuesday.
Delta delays great exit as RBNZ holds fire on hikes
The Delta variant has delayed an expected rate hike in New Zealand, leaving Norway likely the first G10 economy to begin the journey out of an era of emergency-level interest rate lows.
Factbox: From e-commerce to education, China’s season of regulatory crackdown
China’s months-long regulatory crackdown on an array of private companies has unsettled tech upstarts as well as decades-old firms, ushering in a new, uncertain environment.
Japan’s exports extend gains, machinery orders fall amid fragile recovery
Japan’s exports marked a fifth straight month of double-digit growth in July, driven by U.S.-bound shipments of automobiles in a positive sign for a trade-led economy, although a key gauge of capital spending fell for the first time in four months.
GM workers’ historic vote in Mexico tests new trade deal
General Motors (GM.N) employee Mari says that for the past decade, she has felt powerless to demand higher pay at the plant in central Mexico that cranks out hundreds of thousands of profitable pickup trucks annually.
Stocks and oil slide as Delta’s spread muddies economic picture
WASHINGTON, Aug 17 (Reuters) – Major stock indexes slid and oil posted its fourth straight day of declines as investors grappled with mixed economic data and considered the economic impact of the ongoing spread of the Delta coronavirus variant.
