Fed’s Powell: US housing market headed for ‘correction’

US Federal Reserve Board Chairman Jerome Powell attends a news conference after the Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, US, September 21, 2022. REUTERS/Kevin Lamarque Register now for FREE unlimited access to Reuters.com Register Sept 21 (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said … Read more

China’s Nio takes on BMW, Mercedes in home market with flexible battery plan

People visit the Nio booth during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Sept 21 (Reuters) – Chinese electric-car startup Nio is looking to grab a share of Europe’s growing market for electric vehicles by rolling … Read more

Analysis: Rally in US consumer stocks teeters with Fed, inflation in focus

Amazon workers perform their jobs inside of an Amazon fulfillment center on Cyber ​​Monday in Robbinsville, New Jersey, US, December 2, 2019. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 21 (Reuters) – Expectations of more Federal Reserve tightening and economic worries are weighing on a rebound in … Read more

Morning Bid: Plus fours | Reuters

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, September 13, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in US and global markets from Mike Dolan. As markets run the gauntlet of four … Read more

Oyo will check into public markets in better shape

The logo of OYO, India’s largest and fastest-growing hotel chain, installed on a hotel building is seen through wires in an alley in New Delhi, India, September 25, 2018. REUTERS/Anushree Fadnavis – RC1364FBCAC0 Register now for FREE unlimited access to Reuters.com Register MUMBAI, Sept 20 (Reuters Breakingviews) – A recovery in travel means Oyo is … Read more

Frugal is the new cool for young Chinese as the economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year-old Shanghai marketing consultant is one of many Chinese in their 20s and 30s cutting spending and saving cash where they … Read more

Onewo Space-Tech launches $783 million Hong Kong IP0

Register now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 19 (Reuters) – China’s Onewo Space-Tech Service has launched Hong Kong’s largest initial public offering (IPO) in 2022 as it aims to raise up to HK$6.15 trillion ($783.54 million), according to its regulatory filings. The company, the property services division of developer China … Read more

US retail sales unexpectedly rise, but inflation hampering spending

Retail sales increased 0.3% in August July data revised down to show sales falling 0.4% Core retail sales unchanged; July sales revised lower Weekly jobless claims fell 5,000 to 213,000 Manufacturing production edges up 0.1% in August WASHINGTON, Sept 15 (Reuters) – US retail sales unexpectedly rebounded in August as Americans ramped up purchases of … Read more

Analysis: Porsche poses governance dilemma for investors weighing IPO

A logo of Porsche is seen outside a Porsche car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman Register now for FREE unlimited access to Reuters.com Register Leadership structure a concern for some Others cite small proportion of shares being offered IPO could be biggest in Europe since … Read more

Amsterdam’s Rijksmuseum crawling with giant ants

Register now for FREE unlimited access to Reuters.com Register AMSTERDAM, Sept 16 (Reuters) – Amsterdam’s Rijksmuseum, home to Dutch masterpieces like Rembrandt’s “Nightwatch”, will temporarily have its walls and windows overrun by 700 giant ants, as part of a new exhibit. By breaking artwork conventions, “House Taken,” by Colombian artist Rafael Gomezbarros, wants to draw … Read more