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August 18, 2022

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

Reuters
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......

FTSE 100 ends down as GSK slumps, eyes on GDP data

Reuters
Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls Register now for FREE unlimited access to Reuters.com Register Rio Tinto down on ex-dividend trading GSK, Haleon slide on U.S. litigation concerns Network International jumps on share buyback, earnings FTSE 100......

TSX jumps to two-month high on U.S. inflation relief

Reuters
Businessmen pass the Toronto Stock Exchange sing in Toronto, Ontario, Canada July 6, 2017. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register TSX ends up 307.64 points, or 1.6%, at 19,885.94 Posts highest closing level since June 10 Tech sector jumps 4.2% Financials advance nearly 2% Aug......

Berkshire Hathaway posts massive $43.8 bln loss; operating results improve

Reuters
Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – The......

U.S. Senate climate, drug bill estimated to cut 10-year deficit by $101.5 bln

Reuters
A general view of the sky above the United States Capitol dome in Washington, U.S., June 21, 2022. REUTERS/Mary F. Calvert Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 3 (Reuters) – A $430 billion drug pricing, energy and tax bill that Democrats hope to fast-track through......

Biden signs abortion order, says Republicans clueless about women’s power

Reuters
WASHINGTON, Aug 3 (Reuters) – President Joe Biden said on Wednesday the Supreme Court and Republicans are clueless about the power of American women as he signed a second executive order aimed at protecting abortion rights. The order asks the federal health department to consider allowing Medicaid funds to be......

HSBC earnings beat expectations, increases key profitability goal

Reuters
A woman wearing a protective face mask walks past a logo of HSBC bank at the financial and business district of La Defense near Paris, France May 11, 2020. REUTERS/Gonzalo Fuentes/ Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Aug 1 (Reuters) – HSBC reported a 15% dip......

Democrats Manchin, Schumer agree on $430 billion tax, drugs, energy bill

Reuters
WASHINGTON, July 27 (Reuters) – U.S. Democratic Senator Joe Manchin said on Wednesday he has reached a deal with Senate Democratic leader Chuck Schumer on a bill to increase corporate taxes, reduce the national debt, invest in energy technologies and lower the cost of prescription drugs. Manchin has often been......

Strong quakes jolt southern Iran, rescuers scour area

Reuters
DUBAI, July 23 (Reuters) – Two strong earthquakes on Saturday struck Iran’s southern Hormozgan province on the Gulf, prompting authorities to deploy search and rescue teams to the affected areas, an official said. “We have not received any report of serious damage yet. But large areas have been struck by......

Amazon strikes $3.5 bln deal for One Medical in long march into U.S. healthcare

Reuters
July 21 (Reuters) – Amazon.com Inc (AMZN.O) on Thursday agreed to buy primary care provider One Medical (ONEM.O) for $3.49 billion, expanding the e-commerce giant’s virtual healthcare and adding brick-and-mortar doctors’ offices for the first time. The all-cash deal would combine two relatively small players as Amazon continues a years-long......

Direct Line lowers outlook citing claims inflation

Reuters
LONDON, July 18 (Reuters) – British car insurer Direct Line on Monday lowered its profitability outlook for the year and delayed the second leg of a share buyback, blaming inflation in claims and heightened market volatility. The company said the motor insurance market in the first half of the year......

Australia’s ANZ to buy Suncorp Bank for $3.3 billion to bolster home loan books

Reuters
An ANZ bank logo is pictured in Sydney, Australia April 23, 2018. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register ANZ to raise A$3.5 bln to fund deal Expects fiscal 2022 final dividend of 72 AU cps ANZ withdraws from talks to buy MYOB Group Suncorp intends......

EU watchdog tackles insurance policy price differences

Reuters
LONDON, July 11 (Reuters) – The European Union’s insurance watchdog launched a public consultation on Monday to crack down on how insurers unfairly charge customers different prices for the same type of cover. The European Insurance and Occupational Pensions Authority (EIOPA) said it was looking in particular at so-called price......

China proposes rules to regulate private pension investment via mutual funds

Reuters
A Chinese national flag flutters near the building of China Securities Regulatory Commission (CSRC) at the Financial Street area in Beijing, China July 16, 2020. REUTERS/Tingshu Wang/Files Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 25 (Reuters) – China’s securities regulator proposed rules to regulate private pension......

EXCLUSIVE Boris Johnson signals UK’s willingness to demine, help export grain from Ukraine

Reuters
KIGALI, June 23 (Reuters) – Prime Minister Boris Johnson said on Thursday Britain was willing to assist with demining operations off Ukraine’s southern coast and was considering offering insurance to ships to move millions of tonnes of grain stuck in the country. Russia’s Feb. 24 invasion of Ukraine and blockade......

Sovcomflot fleet fully covered by Russian insurers, CEO says

Reuters
A flag depicting the logo of the Russian state-owned shipping conglomerate Sovcomflot, flies outside the company’s hearquarters in St. Petersburg, Russia, May 17, 2017. REUTERS/Anton Vaganov/File Photo Register now for FREE unlimited access to Reuters.com Register June 18 (Reuters) – RRussia’s state-run Sovcomflot has insured all its cargo ships with......

Warren Buffett charity lunch fetches winning bid of $19 mln

Reuters
June 17 (Reuters) – A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity. The winning bid in the eBay auction that ended on......

UK lawmakers urge caution with post-Brexit financial reform

Reuters
The City of London financial district is seen in London, Britain, October 22, 2021. REUTERS/Hannah McKay/ Register now for FREE unlimited access to Reuters.com Register LONDON, June 16 (Reuters) – Brexit is no reason to radically alter British financial regulation and regulators should not be forced to water down rules......

In ‘miracle’ city Shenzhen, fears for China’s economic future

Reuters
SHENZHEN, China, June 13 (Reuters) – (This June 12 story has been refiled to clarify location in penultimate paragraph) David Fong made his way from a poor village in central China to the southern boomtown of Shenzhen as a young man in 1997. Over the next 25 years he worked......

Russian oil’s Achilles’ heel: insurance

Reuters
LONDON/NEW DELHI/TOKYO, May 25 (Reuters) – Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by Western underwriters. Insurers from Europe and......

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