Author Archives: Syndicated Content
Embattled Evergrande NEV seeks regulatory approval for electric model in China
BEIJING (Reuters) - China Evergrande Group's electric vehicles (EV) unit Evergrande NEV is seeking Chinese regulatory approval to sell its inaugural Hengchi 5 sport-utility vehicles, as the embattled ...
Nov 09, 2021
Euro zone housing demand to persist, hitting poorer households – ECB
FRANKFURT (Reuters) - Demand for euro zone real estate is likely to remain high, driving up prices and raising "affordability issues" for poorer households, the European Central Bank said on Tuesday. ...
Nov 09, 2021
Porsche 9-month profit jumps to low end of 2021 target thanks to Volkswagen
BERLIN (Reuters) - Porsche SE said on Tuesday its nine-month net income bounced to the lower end of the German automotive group's full-year guidance thanks to profits from Volkswagen, which recovered ...
Nov 09, 2021
Soccer-Egypt poised to join Morocco, Senegal in playoffs for World Cup
By Mark Gleeson CAPE TOWN (Reuters) - Egypt look likely to be the next African nation to win a place in the playoffs for next year's World Cup, with the winners of the continent's 10 qualifying groups...
Nov 09, 2021
Asian stock valuations decline to near 1-1/2 year low
(Reuters) - The valuations of Asian equities dropped to a 17-month low at the end of October on concerns over China's weakening economy and as analyst upgrades in earnings estimates failed to boost eq...
Nov 09, 2021
Tesla shares inch higher after Monday’s sell-off
(Reuters) - Shares of Tesla Inc inched higher in premarket trading on Tuesday, stabilizing after speculation of a potential stake sale by chief Elon Musk spurred a near 5% drop in the previous session...
Nov 09, 2021
Norway banking sector robust but pandemic, rates pose risks, central bank says
OSLO (Reuters) - Norwegian banks are well-equipped if faced with a new downturn and the economic recovery has improved the outlook for financial stability, but risks remain, the central bank said in a...
Nov 09, 2021
China will advance development of digital yuan, central bank gov says
BEIJING (Reuters) -China will continue to advance the development of its central bank digital currency and improve its design, the People's Bank of China governor Yi Gang said on Tuesday. China is a f...
Nov 09, 2021
Low ECB rates are now hurting banks; issue to persist, ECB’s Enria says
FRANKFURT (Reuters) - Low European Central Bank interest rates are now hurting bank margins more than they are boosting lending volumes and are likely to continue doing so for a while, top ECB supervi...
Nov 09, 2021
Nvidia doubles down on software tools for crafting virtual worlds
By Stephen Nellis (Reuters) - Nvidia Corp on Tuesday released a set of tools for software developers aimed at helping them create a "metaverse" of three-dimensional virtual worlds - and use a lot more...
Nov 09, 2021
