Take Five: Retailer round-up, UK economy woes and Europe’s power problems

Aug 12 (Reuters) – US retailers’ earnings will give a glimpse into how consumers are dealing with sky-high inflation, and a raft of data will offer a check-up on the health of the UK economy. Power problems will continue to plague Europe, while the central bank spotlight falls on New Zealand. Here’s your week-ahead in … Read more

HSBC names Patrick Boumalham new global head of wealth sales

The HSBC bank logo is seen in the Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 8 (Reuters) – HSBC has appointed Patrick Boumalham as its new global head of wealth sales within its markets division, effective in … Read more

US stocks advance, Treasury yields rise following strong economic data, Fed resolve

NEW YORK, Aug 3 (Reuters) – Wall Street advanced and Treasury yields touched two-week highs on Wednesday as abating geopolitical concerns, robust economic data and generally upbeat corporate earnings fed investor risk appetite. All three major US stock indexes were higher, and benchmark 10-year Treasury yields gained ground. Economic data showed an unexpected acceleration of … Read more

Hong Kong June retail sales decline at a slower pace

June tourist arrivals soar 563.1% y/y after May’s 252.7% growth June jewellery, watch sales up 2.3% y/y vs May’s 7.7% rise Govt expects spending vouchers to support consumption demand HONG KONG, Aug 2 (Reuters) – Hong Kong’s retail sales in June fell at a slower pace than the previous month, official data released on Tuesday … Read more

US needs full access to Chinese company audit papers to resolve accounting disputes – watchdog

The US Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 1 (Reuters) – The US public company accounting regulator will not accept any restrictions on its access to the audit papers of … Read more

Shares rally as markets but on more gradual rate hikes

Passersby wearing protective face masks walk in front of an electronic board showing Japan’s Nikkei share average, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan July 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register SINGAPORE, July 29 (Reuters) – Asian stocks took their cue on Friday from a late … Read more

Hong Kong central bank raises rates, warns of tighter interbank market

HONG KONG, July 28 (Reuters) – The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 75 basis points to 2.75%, hours after the US Federal Reserve delivered a rate hike of the same margin. Hong Kong’s monetary policy moves in lock-step with that of the … Read more

Hong Kong set for billions in inflows from Chinese companies’ listing upgrades

People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access to Reuters.com Register HONG KONG, July 27 (Reuters) – Hong Kong is set to see billions of dollars flowing in from the mainland with more … Read more

Analysis: Crisis of confidence stifles China’s economic recovery

Consumers tighten belts, private businesses cut spending Private sector feeling most of the pain of China’s slowdown Policy measures likely to remain focused on infrastructure BEIJING, July 26 (Reuters) – Chinese beef hotpot restaurant chain Baheli, which makes only a third of the revenue it earned before the COVID-19 pandemic, has no intention to resume … Read more

World stocks edge higher for sixth day of gains, dull business activity hits euro

MSCI World index flat US stock futures point to lower Wall Street open Euro down vs dollar, but eyes best week in 1 month LONDON/TOKYO, July 22 (Reuters) – Global stocks were marginally higher on Friday, eyeing a sixth day of gains as European markets rose, while weak euro zone business activity data hit the … Read more