Business

China Oct official services PMI falls to 52.4 vs 53.2 in Sep

FILE PHOTO: A woman gets her phone’s QR code of the digital payment services scanned at a food shop, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China October 10, 2020. REUTERS/Aly Song(Corrects month in final paragraph) BEIJING (Reuters) – Activity in China’s services sector grew at a slower pace in October, official data showed […]

World News

China warns U.S. climate co-operation at risk over political tension

SHANGHAI (Reuters) -Senior Chinese diplomat Wang Yi has warned the United States that political tension between Beijing and Washington could undermine efforts by the world’s top two sources of greenhouse gas to co-operate in the fight against climate change.U.S. Special Presidential Envoy for Climate John Kerry is seen on a screen with Chinese State Councillor […]

Analysis & Comment

Atlantia investors to meet May 31 on CDP's sweetened bid for motorway unit

MILAN (Reuters) – Atlantia will ask shareholders on May 31 to assess an improved offer for its motorway unit presented by state investor CDP and its partners, the group controlled by Italy’s Benetton family said late on Friday.FILE PHOTO: The logo of an infrastructure group Atlantia is seen outside their headquarters, in Rome, Italy October […]

Business

Sturdy dollar casts a shadow over emerging markets, BIS says

LONDON (Reuters) – A stronger U.S. dollar will increasingly weigh on emerging- market economic prospects, since developing countries have taken on so much dollar-denominated debt in the past decade, the Bank of International Settlements said on Monday.FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. […]

Business

Sturdy dollar casts a shadow over emerging markets, BIS says

LONDON (Reuters) – A stronger U.S. dollar will increasingly weigh on emerging- market economic prospects, since developing countries have taken on so much dollar-denominated debt in the past decade, the Bank of International Settlements said on Monday.FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. […]