Analysis: Record numbers of Chinese graduates enter worst job market in decades

10.8 mln Chinese graduates to enter job market in weak economy Youth unemployment at 18.4%, 3 times higher than overall rate Graduates’ jobs a top government priority amid stability risks BEIJING, June 23 (Reuters)-Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for a job … Read more

Brazil’s Economy Ministry tries to limit spending on fuel-related subsidies, sources say

Brazil’s Economy Minister Paulo Guedes speaks during an opening ceremony of the OECD meeting at the Itamaraty Palace in Brasilia, Brazil June 21, 2022. REUTERS / Adriano Machado Register now for FREE unlimited access to Register BRASILIA, June 22 (Reuters) – Brazil’s Economy Ministry is trying to limit the cost of higher cooking gas … Read more

US Treasury’s new tribal office takes aim at tax, finance inequities -Yellen

US Treasury Secretary Janet Yellen testifies before a Senate Finance Commmittee hearing on President Biden’s 2023 budget, on Capitol Hill in Washington, US, June 7, 2022. REUTERS/Evelyn Hockstein Register now for FREE unlimited access to Register ROSEBUD, South Dakota, June 21 (Reuters) – US Treasury Secretary Janet Yellen said on Tuesday the department’s new … Read more

Hong Kong’s new govt retains finance chief in sign of continuity

HONG KONG, June 19 (Reuters) – China unveiled on Sunday new top officials in Hong Kong under incoming leader John Lee, who vowed to take the global financial hub to fresh heights, while shrugging off concerns about sanctions the United States has imposed on him . In a sign of continuity for the financial industry, … Read more

Market positioning suggests more pain for equities despite the route, Bank of America says

A trader walks by the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS / Andrew Kelly Register now for FREE unlimited access to Register LONDON, June 17 (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem … Read more

Stocks eye steepest slide since 2020 as central bankers roil markets

BOJ an outlier as leading central banks raise rates Investors’ recession fears grow US stocks set to bounce; S&P 500 seen up 0.9% LONDON, June 17 (Reuters) – World stocks headed for their worst week since markets’ pandemic meltdown in March 2020 as leading central banks doubled down on tighter policy in an effort to … Read more

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company- sources

A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market … Read more

Norway oil sector union leader says wage deal is ‘good enough’

Equinor’s Johan Sverdrup oilfield platforms and accommodation jack-up rig Haven are pictured in the North Sea, Norway December 3, 2019. REUTERS / Ints Kalnins Register now for FREE unlimited access to Register OSLO, June 17 (Reuters) – The leader of a union representing Norwegian oil workers said she would recommend to members a wage … Read more

Tesla cuts job openings since Elon Musk’s economic warning

A Tesla service and sales center is shown in Vista, California, US, June 3, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Register SAN FRANCISCO, June 16 (Reuters) – Tesla (TSLA.O) has cut job postings by 14% since Chief Executive Elon Musk warned he was worried about the economy, needed to reduce … Read more

China steps up fixed-asset investment to steady COVID-hit economy

A labouer walks at a construction site in Beijing, China July 20, 2017. Picture taken July 20, 2017. REUTERS / Jason Lee Register now for FREE unlimited access to Register BEIJING, June 16 (Reuters) – China’s state planner said on Thursday it had approved 10 fixed-asset investments worth 121 billion yuan ($ 18.1 billion) … Read more