US venture firm GGV Capital to separate China business amid geopolitical tension

US venture firm GGV Capital to separate China business amid geopolitical tension

Sept 21 (Reuters) – U.S. venture capital firm GGV Capital said on Thursday it plans to split its business into two, with one focused on Asia and the other on the U.S., as political pressure mounts on American companies to limit investments in Chinese technology. This comes after Sequoia Capital in June said it is … Read more

Stocks wilt, dollar marches higher as central banks spring surprises

Stocks wilt, dollar marches higher as central banks spring surprises

[1/2]A trader works at the Frankfurt stock exchange in Frankfurt, Germany, February 22, 2022. REUTERS/Timm Reichert Acquire Licensing Rights World stocks on longest losing streak since March Dollar highest since March Swiss franc tumbles on surprise SNB rate hold Fed signals another hike possible Traders see close Bank of England call later LONDON, Sept 21 … Read more

Shares slip, yields rise as market awaits likely hawkish tone from Fed

Shares slip, yields rise as market awaits likely hawkish tone from Fed

[1/3]Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights NEW YORK/LONDON, Sept 19 (Reuters) – Global stocks eased and the benchmark Treasury yield rose close to levels last seen in 2007 as a plunge in U.S. homebuilding in … Read more

Stocks drift lower, US yields rise but growth outlook dims

Stocks drift lower, US yields rise but growth outlook dims

[1/3]Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights Fed rate decision Wednesday, BOE Thursday, BOJ Friday Treasury yields hit almost 16-year high U.S. crude hits fresh 10-month highs, SocGen slumps China Evergrande drops 25% before regaining ground … Read more

U.S. diplomat questions whether Chinese defence minister is under ‘house arrest’

U.S. diplomat questions whether Chinese defence minister is under ‘house arrest’

China’s Defence Minister Li Shangfu attends the 20th IISS Shangri-La Dialogue in Singapore June 2, 2023. REUTERS/Caroline Chia/File Photo Acquire Licensing Rights BEIJING/TOKYO, Sept 15 (Reuters) – The U.S. ambassador to Japan questioned in a social media post on Friday whether China’s Defence Minister Li Shangfu had been placed under house arrest, adding to confusion … Read more

DBS chief says wealth management business benefiting from inflows

DBS chief says wealth management business benefiting from inflows

[1/2]DBS CEO Piyush Gupta speaks during a Reuters Newsmaker event in Singapore September 14, 2023. REUTERS/Mindy Tan Acquire Licensing Rights HONG KONG, Sept 14 (Reuters) – DBS Group’s (DBSM.SI) wealth management business has benefited from inflows from across Asia, the Middle East and European regions recently, Chief Executive Piyush Gupta said on Thursday. Gupta, speaking … Read more

Dollar dips after recent gains; U.S. stocks advance with Apple

Dollar dips after recent gains; U.S. stocks advance with Apple

[1/2]The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Acquire Licensing Rights Treasury yields mostly ease Apple shares up after 2 days of losses Oil prices gain NEW YORK, Sept 8 (Reuters) – The U.S. dollar edged lower but was on track for an … Read more

Japan to WTO: China’s Fukushima-related seafood ban ‘totally unacceptable’

Japan to WTO: China’s Fukushima-related seafood ban ‘totally unacceptable’

[1/2]Fishing boats are anchored at a fishing port in Soma, about 45 km away from the tsunami-crippled Fukushima Daiichi nuclear plant discharging treated radioactive water into the ocean, Fukushima Prefecture, Japan, August 31, 2023. REUTERS/Kim Kyung-Hoon Acquire Licensing Rights TOKYO, Sept 5 (Reuters) – Japan has told the World Trade Organization (WTO) that China’s ban … Read more

Wall St gains, Treasury yields drop as data raises potential for Fed pause

Wall St gains, Treasury yields drop as data raises potential for Fed pause

[1/2]Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing Rights NEW YORK, Aug 29 (Reuters) – Wall Street extended the previous day’s gains on Tuesday while the dollar see-sawed amid light, pre-Labor Day trading as investors continued to … Read more

Shares jump as Nvidia results shine, bond yields retreat

Shares jump as Nvidia results shine, bond yields retreat

Weaker than expected euro zone data sends euro lower Nvidia jumps in trading after the bell on bullish forecast Investors eye Powell’s Jackson Hole speech Japanese yields hit new high, yen still in intervention zone U.S. Treasury yields pull back further from 16-year highs NEW YORK/LONDON, Aug 23 (Reuters) – The euro clung to a … Read more