Hong Kong’s Zero-COVID Policy Undermines Financial Hub Status – Industry Group

A general view of the Central Business District, in Hong Kong, China, September 15, 2021. REUTERS/Tyrone Siu HONG KONG, Oct. 25 (Reuters) – A financial sector group warned on Monday that Hong Kong’s zero-COVID policy and strict quarantine requirements for international travelers threaten to undermine the city’s status as a financial hub. The Asia Securities … Read more

US SEC targets executive pay in corporate crackdown

WASHINGTON, Oct. 22 (Reuters) – The new Democratic leadership of the US securities watchdog has a message for the high-paid executives of Corporate America: If your company messes up, your pay is at risk. Reclaiming compensation is becoming an important part of the U.S. Securities and Exchange Commission (SEC) agenda as corporate misconduct hits hard, … Read more

RPT EXCLUSIVE US Slows Oil & Gas Fusion Resources

NEW YORK/WASHINGTON, Oct. 21 (Reuters) – US antitrust regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the past three months as President Joe Biden’s administration scrutinizes deals to stem soaring energy prices , according to regulatory filings and corporate lawyers. The slowdown comes amid mounting pressure … Read more

Domino’s fuels rare drop in US sales as slowing demand bites the labor crisis

Oct 14 (Reuters) – Domino’s Pizza Inc (DPZ.N) on Thursday posted its first same-store sales decline in the US in more than a decade as the world’s largest pizza chain struggled with a slowdown in delivery demand and a tight labor market that caused a shortage of drivers. As COVID-19 subsides, Americans have begun eating … Read more

Price squeeze: world economy caught in perfect storm

British chicken king says 20 years of cheap food is over IEA says energy crisis could threaten economic recovery Cold keeps coal prices high in China, power outage continues Biden targets bottlenecks threatening vacation sales LONDON/TOKYO, Oct. 14 (Reuters) – From beef bowls in Tokyo to chicken breast rolls in London, consumers are beginning to … Read more

Texas governor bans all COVID-19 vaccine mandates in state, rips Biden for ‘bullying’

Oct. 11 (Reuters) – Texas Republican Governor Greg Abbott responded Monday to what he called “bullying” by the Biden administration, blocking all COVID-19 vaccine mandates in the state by any entity, including private employers, on Monday. Abbott’s move causes him to clash with President Joe Biden, a Democrat who last month called on companies across … Read more

Asian equities rise on stronger global risk appetite as oil prices fall

A man wearing a protective face mask during the coronavirus disease (COVID-19) outbreak looks at an electronic board displaying Japan’s Nikkei index outside a brokerage in Tokyo, Japan, Sept. 24, 2021. REUTERS/Kim Kyung-Hoon US Crude Oil Down 0.34%, Brent Stable Shares gain gains in Hong Kong, Korea and Australia Dollar and US benchmark returns pause … Read more

Evergrande’s stock backing Chinese Estates soars on private offering

The company logo is seen at the headquarters of China Evergrande Group in Shenzhen, China’s Guangdong province, September 26, 2021. REUTERS/Aly Song HONG KONG, Oct. 7 (Reuters) – Shares of Chinese Estates Holdings (0127.HK), a former major shareholder of controversial developer China Evergrande (3333.HK), rose a staggering 32% on Thursday after announcing an offer. taken … Read more

Asian equities plunge to nearly a year low as oil rally fuels inflation fears

Asian equity markets plunge to multi-month lows Benchmark Index Drops for Third Consecutive Session Rising energy prices rattle markets SINGAPORE, Oct. 5 (Reuters) – Asian stocks followed a broad sell-off on Wall Street to weaken for a third straight session on Tuesday as investors feared oil prices reaching multi-year highs would add to inflationary pressures … Read more

Tightening US exports slows advance of Chinese C919 jet sources

FILE PHOTO: The fifth prototype of China’s home-built C919 passenger jet takes off for its maiden test flight from Shanghai Pudong International Airport in Shanghai, China, Oct. 24, 2019. Photo taken Oct. 24, 2019. REUTERS/Stringer/File Photo Suppliers gradually get license approvals -sources Month-long delays can affect early production resources COMAC requests type certificate from regulator … Read more