China’s factory inflation hits 17-month low, consumer prices accelerate

China’s factory inflation hits 17-month low, consumer prices accelerate

A worker walks past rolls of steel at the Chongqing Iron and Steel Factory in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File Photo Join now for FREE unlimited access to Reuters.com Register July producer inflation at lowest since February 2021 July consumer inflation at a 2-year high PBOC should remain dovish to boost growth … Read more

Musk sells Tesla shares worth $6.9 billion, cites possibility of forced deal on Twitter

Musk sells Tesla shares worth .9 billion, cites possibility of forced deal on Twitter

Tesla CEO Elon Musk attends the groundbreaking ceremony for the Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register Aug 10 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk has sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds … Read more

Oil prices rebound on Russian pipeline constraints and recession fears

Oil prices rebound on Russian pipeline constraints and recession fears

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Join now for FREE unlimited access to Reuters.com Register Russia’s oil exports halted via southern section of Druzhba pipeline EU proposes ‘final’ text to resuscitate Iran nuclear deal Dollar … Read more

Dreaded ‘dip’ slashes billions from startup valuations

Dreaded ‘dip’ slashes billions from startup valuations

Aug 9 (Reuters) – Several high-flying startups are being brought down to earth as recent carnage in global stock markets and lackluster demand for new listings force companies to raise funds at a huge discount to their exorbitant valuations. Easy money from venture capital deals is quickly evaporating in an inflation-driven high interest rate environment … Read more

AppLovin offers to buy video game software maker Unity for $17.5 billion

AppLovin offers to buy video game software maker Unity for .5 billion

People play ‘Pokemon GO’ during the Pokequan GoBoat Adventure cruise on the Occoquan River in the small town of Occoquan, Virginia, U.S. August 14, 2016. REUTERS/Sait Serkan Gurbuz Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Games software company AppLovin Corp (APP.O) made an offer on Tuesday to buy peer … Read more

Singapore-based crypto lender Hodlnaut suspends withdrawals

Singapore-based crypto lender Hodlnaut suspends withdrawals

Representations of the virtual currencies Ripple, Bitcoin, Etherum and Litecoin are seen on a PC motherboard in this illustrative image, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 8 (Reuters) – Hodlnaut, a Singapore-based cryptocurrency lender and borrower, has suspended withdrawals, exchanges and deposits, the … Read more

EXCLUSIVE Russia begins stripping airliners for parts as sanctions bite

EXCLUSIVE Russia begins stripping airliners for parts as sanctions bite

This content was produced in Russia, where law restricts coverage of Russian military operations in Ukraine MOSCOW, Aug 8 (Reuters) – Russian airlines, including state-controlled Aeroflot (AFLT.MM), are retiring jetliners to get spare parts they can no longer buy from abroad in because of Western sanctions, four industry sources told Reuters. The measures are in … Read more

Cryptoverse: blockchain bridges fall into troubled waters

Cryptoverse: blockchain bridges fall into troubled waters

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole around $190 million from US crypto firm Nomad last … Read more

US clears first Boeing 787 Dreamliner delivery in 21 – sources

US clears first Boeing 787 Dreamliner delivery in 21 – sources

The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 8 (Reuters) – The U.S. government on Monday approved delivery of the first Boeing (BA.N) 787 Dreamliner since 2021, paving … Read more

Full of money, Pfizer buys Global Blood Therapeutics for $5.4 billion

Full of money, Pfizer buys Global Blood Therapeutics for .4 billion

Aug 8 (Reuters) – Pfizer Inc on Monday agreed to pay $5.4 billion in cash to sickle cell drugmaker Global Blood Therapeutics (GBT.O) as it seeks to capitalize on a surge in revenue from his COVID-19 vaccine and treatment. Pfizer will pay $68.50 per GBT share, representing a 7.3% premium to its Friday closing price … Read more