Chinese e-commerce platform Pinduoduo crashes after revenue loss

Chinese e commerce platform Pinduoduo crashes after revenue loss

The Pinduoduo logo is seen in this illustration photo taken on July 17, 2018. REUTERS / Thomas White / Illustration Sign up now for FREE unlimited access to reuters.com Check in BEIJING, Nov 26 (Reuters) – US shares of Pinduoduo Inc (PDD.O) fell as much as 18% in early trading on Friday after the Chinese … Read more

China does not commit to US oil release ‘drop in the ocean’

China does not commit to US oil release drop in

China says it will release oil reserves according to its needs OPEC + meets on December 2, but no signs of change in tactics Biden under political pressure as inflation rises Oil Releases a ‘Drop in the Ocean’ -Goldman Sachs Crude prices remain stable on Wednesday BEIJING, Nov 25 (Reuters) – China, the world’s largest … Read more

Fed to Launch Faster Cut Plan Starting January: Goldman Sachs

Fed to Launch Faster Cut Plan Starting January Goldman Sachs

Federal Reserve Chairman Jerome Powell listens as US President Joe Biden nominates him for a second four-year term in the South Court auditorium of the Eisenhower Executive Office Building at the White House in Washington, USA, November 22, 2021. REUTERS / Kevin Lamarque / File Photo LONDON, Nov 25 (Reuters) – The U.S. Federal Reserve … Read more

China says it takes note of JPMorgan boss’s sincere regret for comment

China says it takes note of JPMorgan bosss sincere regret

JP Morgan CEO Jamie Dimon speaks at the Boston College CEOs Club luncheon in Boston, Massachusetts, USA on November 23, 2021. REUTERS / Brian Snyder Sign up now for FREE unlimited access to reuters.com Check in BEIJING, Nov 25 (Reuters) – China’s Foreign Ministry said on Thursday that it took note of the expression of … Read more

China regulator seeks to prevent U.S. foreclosure of Chinese companies

China regulator seeks to prevent US foreclosure of Chinese companies

A Chinese national flag flies in front of the China Securities Regulatory Commission (CSRC) building on Financial Street in Beijing, China, on July 9, 2021. REUTERS / Tingshu Wang Sign up now for FREE unlimited access to reuters.com Check in HONG KONG, Nov 25 (Reuters) – Chinese authorities are working with their U.S. counterparts to … Read more

EXCLUSIVE Toshiba’s main shareholder opposes the break-up and urges the board to solicit bids

EXCLUSIVE Toshibas main shareholder opposes the break up and urges the

The Toshiba Corp. logo is seen next to a traffic light atop a building in Tokyo, Japan, on November 9, 2021. REUTERS / Issei Kato Sign up now for FREE unlimited access to reuters.com Check in TOKYO, Nov. 24 (Reuters) – Toshiba Corp’s second-largest shareholder (6502.T) on Wednesday opposed the Japanese conglomerate’s plan to split … Read more

Black Friday lasts into November amid tight US inventories.

Black Friday lasts into November amid tight US inventories

CHICAGO, Nov 23 (Reuters) – Faced with tight end-of-year inventories and a shortage of workers, retailers are turning “Black Friday” into a month-long event. Walmart, the world’s largest retailer, said Monday that it had already started “Black Friday” discounts, such as $ 30 off AirPods and KidKraft dollhouses. Walmart, whose stores will be closed on … Read more

Biden is betting that the Fed’s Powell may usher in the full US economic recovery.

Biden is betting that the Feds Powell may usher in

WASHINGTON, Nov 22 (Reuters) – US President Joe Biden nominated Federal Reserve Chairman Jerome Powell for a second four-year term on Monday, positioning the former investment banker to continue reform. most important policy of monetary policy since the 1970s and finish guiding the economy. of the pandemic crisis. Lael Brainard, the Federal Reserve board member … Read more

Princes to poor: Indian vendors face ruin as Ambani targets family-run shops

Princes to poor Indian vendors face ruin as Ambani targets

Reliance’s billionaire’s JioMart app targeting ‘kirana’ stores Small stores account for 4/5 of India’s $ 900 billion retail sector The switch from Kirana to JioMart attacks traditional vendors and channels Look how long you’ve been ripping us off! -Store Manager Dealers challenge Ambani, block JioMart deliveries SANGLI, India, Nov.22 (Reuters) – For eight days in … Read more

KKR makes non-binding acquisition proposal of $ 12 billion for Telecom Italia

KKR makes non binding acquisition proposal of 12 billion for

The Telecom Italia logo for the TIM brand is seen on a building in Rome, Italy, on April 9, 2016. REUTERS / Alessandro Bianchi / File Photo Sign up now for FREE unlimited access to reuters.com Check in The goal is to spin off the fixed line and run it as a government-regulated asset. KKR … Read more

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