Analysis: China’s RRReminder that economies remain fragile
China’s decision on Friday to give its economy a 1 trillion yuan ($154 billion) shot in the arm has given investors a reminder that even the largest economies are likely to need the occasional pick-me-up while the coronavirus pandemic lasts.
Wall Street rises as cyclical stocks rebound after selloff
U.S. stock indexes rose on Friday as shares of companies that benefit from economic restart including energy firms and banks rebounded after a selloff, helping erase some losses triggered by growth worries earlier in the week.
EXCLUSIVE Brazil’s Petrobras price hikes show company’s independence -CEO
Brazil President Jair Bolsonaro was not consulted or informed about state oil giant Petrobras’ (PETR4.SA) decision this week to raise fuel prices, which underscores the company’s independence, Chief Executive Joaquim Silva e Luna told Reuters on Wednesday.
Robinhood IPO faces threat of retail snub on Reddit
Online brokerage Robinhood Markets Inc, which helped enable the “meme stock” frenzy earlier this year and later attracted flak for its handling of the trading mania, is facing pushback on social media forums against its initial public offering.
Didi extends slide as Beijing clampdown sounds alarm for U.S.-listed China companies
Didi Global Inc (DIDI.N) fell for the third consecutive session on Wednesday after China ordered the app removed from mobile app stores as part of a broader crackdown on China-based companies with overseas listings.
UK’s post-lockdown hiring boom hits record pace – REC
Britain’s post-lockdown hiring boom roared on in June as employers signed up the most permanent staff since at least the late 1990s and a shortage of candidates hit unprecedented levels, driving up starting pay, a survey showed on Thursday.
S&P 500, Nasdaq post record closing highs after Fed minutes
U.S. stocks ended higher on Wednesday and the S&P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy.
Big Bang UK market rules need refresh to keep City competitive, says think tank
Britain’s “big bang”-era financial rules need a refresh to show the world that the City of London is open to business after Brexit ended access to the European Union, a think-tank report said on Thursday.
London fintech funding soars in first half of the year
Fintech companies based in London raised more funding from venture capital investors in the first six months of 2021 than in any other year, demonstrating the British capital’s resilience as a hub for digital financial services post-Brexit.
U.S. industry groups, lawmakers press White House to lift travel restrictions
A coalition of 24 industry organizations urged the White House to lift coronavirus restrictions that bar much of the world from traveling to the United States but a White House official told Reuters late on Wednesday reopening will need more discussion.
