 "Reuters")
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Reuters
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
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China sentences tycoon to 13 years, fines firm $8.1 billion: Report
Xiao and Tomorrow Holdings were charged with illegally siphoning away public deposits, betraying the use of entrusted property, and the illegal use of funds and bribery
 "China sentences tycoon to 13 years, fines firm $8.1 billion: Report")
China issues first drought alert, battles to save crops in extreme heatwave
But heavy rainfall in Liaoning province has damaged crop output
 "China issues first drought alert, battles to save crops in extreme heatwave")
Wall Street reminded of risks as Fed mulls intervention; oil prices fall
The Dow Jones Industrial Average fell 0.54% to 33,813.96, the S&P 500 lost 0.67% to 4,254.83 and the Nasdaq Composite declined about 1% to 12,837.36
 "Wall Street reminded of risks as Fed mulls intervention; oil prices fall")
Nasdaq leads Wall Street lower as rate hike worries spark tech rout
Dow Jones Industrial Average was down 192.74 points, or 0.57%, at 33,806.30, the S&P 500 was down 38.75 points, or 0.90%, at 4,244.99
 "Nasdaq leads Wall Street lower as rate hike worries spark tech rout")
Wall Street set for losses as major global economies are sputtering
Wall Street was set to open lower, with S&P 500 futures down 1% and Nasdaq futures down 1.2%
Gold witnesses first weekly decline in a month as dollar, US bond rises
Spot gold fell for a fifth straight session, down 0.3% at $1,753.84 per ounce, which could be its longest losing streak since November 2021
 "Gold witnesses first weekly decline in a month as dollar, US bond rises")
Oil higher on optimism for firmer crude demand post US stockpile drawdown
Oil prices edged higher in early trade on Friday, extending a rally into a third day, as investors weighed hopes for strong fuel demand after a larger-than-expected drawdown in US crude stocks.
 "Oil higher on optimism for firmer crude demand post US stockpile drawdown")
Gold falls to 3-week low as robust dollar, Fed rate-hike fears rise
Interest rates to go further up; strong dollar is likely to continue weighing on gold prices
US, Taiwan to start formal trade talks under new initiative: Report
The office of the U.S. Trade Representative said the two sides had "reached consensus on the negotiating mandate" and it was expected that the first round of talks would take place early this autumn
 "US, Taiwan to start formal trade talks under new initiative: Report")
Russia says it could shut nuclear plant; Kyiv says that risks disaster
Moscow also rejected international calls for a demilitarised zone around the Zaporizhzhia nuclear power plant, which it seized early in the war
 "Russia says it could shut nuclear plant; Kyiv says that risks disaster")
Crisis-hit Sri Lanka to ask Japan to open talks on debt restructuring
Economy may see recovery in the second half of 2023, says president
 "Crisis-hit Sri Lanka to ask Japan to open talks on debt restructuring")
China regulator launches new probe into banks' property loan exposure
The China Banking and Insurance Regulatory Commission (CBIRC) is looking at banks' loan book exposure to developers to find out if those credit decisions were made according to the rules
 "China regulator launches new probe into banks' property loan exposure")
Asset managers on the alert after 'WhatsApp' crackdown on banks
The issue gathered urgency when the pandemic forced more finance staff to work from home in 2020
 "Asset managers on the alert after 'WhatsApp' crackdown on banks")
NHPC Ltd inks pact to develop Nepal hydropower plant left by China
Officials said India's NHPC Ltd signed a memorandum of understanding (MOU) on Thursday allowing it to study details like feasibility, environmental impact, inundation of land and construction costs
 "NHPC Ltd inks pact to develop Nepal hydropower plant left by China")
Oil up 3% on account of robust US crude stocks data, tight supply outlook
Prices rose more than 1% during the previous session, although Brent at one point fell to its lowest since February, as signs of a slowdown mounted in some places
 "Oil up 3% on account of robust US crude stocks data, tight supply outlook")
Wall Street slips as weekly jobless claims edge lower
Weekly jobless claims fall 2,000 to 250,000; Kohl's slashes 2022 forecasts
 "Wall Street slips as weekly jobless claims edge lower")
Dollar holds gains as minutes suggest Fed set for lengthy inflation fight
The dollar touched a three-week high on Thursday after minutes from the Federal Reserve's July meeting pointed to U.S. interest rates staying higher for longer to bring down inflation.
 "Dollar holds gains as minutes suggest Fed set for lengthy inflation fight")
Musk's 'joke' ManU tweet unlikely to land him regulator's red card: Experts
It is unlikely that the SEC would be able to demonstrate that Musk was trying to commit securities fraud, based on the available information, said several attorneys.
 "Musk's 'joke' ManU tweet unlikely to land him regulator's red card: Experts")
Oil rises as US crude stocks data, tight supply from Russia raise concerns
US crude stocks fall by over 7 million barrels
Gold prices near two-week low as dollar firms after Fed's July minutes
Federal Reserve's July meeting suggested the rise in Central Bank's rates to tame inflation; gold dropped to its lowest in August, dollar rose 0.2 percent hitting a three-week high