By Julie Zhu and Kane Wu (Reuters) -Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd, has gone missing in the latest disappearance of a top business executive, unnerving investors and sending its stock down as much as 50% on Friday. The mainland China-based boutique bank said in an exchange filing late …
Famed Chinese rainmaker goes missing in latest executive disappearance Read More »
By Maria Alejandra Cardona ARKABUTLA, Miss. (Reuters) -A gunman went on a rampage in a small Mississippi town on Friday, killing his ex-wife and five other people in three locations before sheriff’s deputies arrested him, the county sheriff and witnesses said. The bloodshed occurred in Arkabutla, a rural hamlet of fewer than 300 people in …
Six dead as gunman goes on rampage in small Mississippi town Read More »
By Phil Stewart WASHINGTON (Reuters) -The United States said on Friday it had successfully concluded recovery efforts off South Carolina to collect sensors and other debris from a suspected Chinese surveillance balloon shot down by a U.S. fighter jet on Feb. 4, and investigators are now analyzing its “guts.” But U.S. and Canadian authorities also …
U.S. completes recovery of Chinese balloon but other “object” searches called off Read More »
By Laura Sanicola (Reuters) -Oil settled down $2 a barrel on Friday and ended the week markedly lower, as traders worried that future U.S. interest rate hikes could weigh on demand and got nervous about mounting signs of ample crude and fuel supply. On Thursday, two Fed officials warned additional hikes in borrowing costs are …
Oil settles down $2/bbl, ends week lower on Fed worries, ample supply Read More »
BEIJING (Reuters) -China’s securities watchdog published rules on Friday to regulate offshore listings, reviving foreign initial public offerings (IPOs) by Chinese firms after a regulatory freeze imposed in July 2021. The trial rules, published by the China Securities Regulatory Commission (CSRC) and effective from March 31, are designed to guide companies wanting to access liquid …
China publishes rules to revive offshore listings Read More »
By David Shepardson and Brad Brooks WASHINGTON (Reuters) -The Biden administration on Friday defended its response to the Feb. 3 derailment of a train loaded with toxic chemicals in East Palestine, Ohio, that caused a fire and sent a cloud of smoke over the town, saying it was sending more federal resources. The derailment of …
White House defends response to Ohio train derailment; Senate to probe safety Read More »
By Noel Randewich (Reuters) – The S&P 500 ended lower on Friday, weighed down by Microsoft and Nvidia as investors worried that inflation and a strong U.S. economy could put the Federal Reserve on pace for more interest rate hikes. The see-saw session on Wall Street followed economic data this week that pointed to elevated …
S&P 500 ends down as investors fret about interest rates Read More »
By Yiming Woo and Andrew Gray NEAR BAKHMUT, Ukraine/MUNICH (Reuters) -Ukrainian soldiers fighting to hold off a Russian push on the small eastern city of Bakhmut pleaded for more weapons from the outside world as senior Western leaders met in Munich on Friday to assess the year-long war shaking Europe. “Give us more military equipment, …
Ukrainian troops holding Bakhmut line demand weapons as world powers meet Read More »
By Andrea Shalal and Jorgelina do Rosario WASHINGTON/LONDON (Reuters) -U.S.-based investment firm BlackRock said on Friday it would join a new sovereign debt roundtable set up to accelerate progress on stalled relief efforts for distressed countries, with Britain’s Standard Chartered also joining, according to sources. The Global Sovereign Debt Roundtable, chaired by the International Monetary …
BlackRock, Standard Chartered join talks at new debt roundtable Read More »
TAIPEI (Reuters) -The Pentagon’s top China official, Deputy Assistant Secretary of Defense Michael Chase, has arrived in Taiwan, two sources familiar with matter said on Friday, beginning a visit that could exacerbate tensions between Beijing and Washington. Both Taiwan’s Defence Ministry and the Pentagon declined to comment on the trip, which was first reported by …
Pentagon’s top China official travels to Taiwan, sources say Read More »
