Fitch says possible China Evergrande default may have broader effects

FILE PHOTO: People gather to demand repayment of loans and financial products at the Evergrande’s headquarters, in Shenzhen, Guangdong province, China September 13, 2021. REUTERS/David KirtonHONG KONG (Reuters) – Rating agency Fitch said that numerous sectors could be exposed to heightened credit risk if China’s No.2 property developer Evergrande Group were to default, although the overall impact on the banking […]

Read more

UK employee numbers surge above pre-pandemic level

LONDON (Reuters) -British employers added a record 241,000 staff last month, lifting the total number of employees on company payrolls to just above the level before Britain first went into a COVID-19 lockdown last year, official data showed on Tuesday.FILE PHOTO: A man walks past a job centre following the outbreak of the coronavirus disease (COVID-19), in Manchester, Britain, July […]

Read more

Luxury, mining stocks weigh on Europe ahead of U.S. inflation data

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 13, 2021. REUTERS/Staff(Reuters) – European stocks slipped in early deals on Tuesday as caution ahead of U.S. inflation data and weakness in luxury and mining shares offset optimism around the region’s economic recovery. The pan-European STOXX 600 index was down 0.2% after a […]

Read more

Asia shares mixed, dollar steady ahead of U.S. inflation

HONG KONG (Reuters) – Asia’s share markets were mixed and the dollar held steady on Tuesday, with investors awaiting U.S inflation data for more clues on when the Federal Reserve will taper stimulus.FILE PHOTO: A man watches an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. REUTERS/Kim Kyung-HoonChina’s tightening grip […]

Read more

S&P 500 snaps losing streak with tax hikes, inflation data on horizon

NEW YORK (Reuters) – The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data. The Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower. Investors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest […]

Read more

Covid 19 Delta outbreak: Bars and restaurants at crisis point as concern over lockdown conditions mount

An Auckland pub owner is pleading for more support from the Government, saying a lot of hospitality businesses aren’t going to survive the latest lockdown. Steve Gillett, who owns popular sports bar and restaurant The Kingslander near Eden Park,has written a letter to Prime Minister Jacinda Ardern and his local MP, Melissa Lee, saying hospitality businesses simply can’t sustain prolonged […]

Read more

Covid 19 Delta outbreak: Workers pay might soon be cut, says building chief

Construction chiefs meet at midday to discuss Tāmaki Makaurau’s lockdown, which has frozen thousands of building sites and delayed staff returning to projects. Julien Leys, Building Industry Federation chief executive, said members of the Construction Strategy Group would today hear from BDO’s James MacQueen who last month released his firm’s annual construction sector survey. Discussion is expected to be around […]

Read more

Investors eye wobbling energy sector as gauge for Delta fears

NEW YORK (Reuters) – Energy stocks are becoming a popular bellwether for concerns over how deeply the Delta variant of the coronavirus is expected to impact the U.S. economy, as the so-called reopening trade that boosted some parts of the market earlier this year continues to stumble.A Wall St. sign is seen outside the New York Stock Exchange (NYSE) in […]

Read more
1 2 3 4 5 151