Investors in Belarus face 'dictator dilemma', Putin may hold the key

LONDON (Reuters) – Investors face a classic ‘dictator dilemma’ in Belarus – hold on to securities that benefit from the status quo in a brutal regime, or sell them and sever their ties – but which way they go may depend largely on Vladimir Putin’s Russia. Belarus’s President Alexander Lukashenko, dubbed “Europe’s last dictator” and […]

World shares sink after China data misses forecasts

LONDON/TOKYO (Reuters) – Global shares dipped on Friday after lacklustre Chinese economic data and worries about a delay in U.S. fiscal stimulus discouraged some investors from taking on risk. European shares were also dragged lower by a hit to travel stocks after Britain added more European countries to its quarantine list. The pan-European STOXX 600 […]

Asian shares struggle as Chinese data misses forecasts

TOKYO/BOSTON (Reuters) – Asian shares fell on Friday and European stocks were set to open lower after lacklustre Chinese economic data and worries about a delay in U.S. fiscal stimulus discouraged some investors from taking on risk. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.14%, although shares in Japan rose 0.11%. South Korean […]

China's retail sales unexpectedly fall as consumer caution prevails

BEIJING (Reuters) – China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed to shake off wariness about the coronavirus, while the recovery in the factory sector struggled to gain momentum. Asian markets pulled back on Friday following the disappointing set of economic indicators, which […]

Asian stocks falter after China data disappointment

TOKYO/BOSTON (Reuters) – Asian shares fell on Friday after lacklustre Chinese economic data and worries about a delay in U.S. fiscal stimulus discouraged some investors from taking on risk. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.24%, although shares in Japan rose 0.07%. South Korean stocks fell 1.27% after authorities reported the largest […]

Impossible Foods raises $200 million in fresh funding

(Reuters) – Plant-based burger maker Impossible Foods said on Thursday it secured $200 million in funding, less than six months after it raised the largest investment ever for a food tech startup, bringing total funds raised since its founding in 2011 to $1.5 billion. The California-based company, which counts Jay-Z, Reddit co-founder Alexis Ohanian and […]

Relief efforts should cushion economy in months ahead, White House report says

WASHINGTON (Reuters) – Increased transfer payments and expanded liquidity measures aimed at companies should help buffer U.S. households and businesses from the worst of the economic crisis unleashed by the coronavirus pandemic in coming months, the White House Council of Economic Advisers said in a report on Thursday. Nonetheless, the economy would recover faster and […]

S&P 500, Nasdaq rise as Apple nears $2 trillion in market cap

(Reuters) – The S&P 500 and Nasdaq rose on Thursday, with Apple inching toward $2 trillion in market capitalization, as data showed jobless claims fell below one million last week for the first time since the start of the pandemic in United States. While the S&P 500 remained within striking distance of a record high, […]

California startup aims to tackle battery degradation in electric cars

(Reuters) – Lithium-ion batteries are essential to electric vehicles, but they have drawbacks: They are hard to make and degrade over time. A San Leandro, California-based start-up on Thursday said it had raised $4 million in funding and is working with German chemical giant BASF SE (BASFn.DE) on a new technology to tackle those problems, […]

S&P 500 dips at open as labor market rebound falters

(Reuters) – The S&P 500 and Dow indexes dipped at the open on Thursday as weekly jobless claims fell below 1 million last week, but that was likely due to the expiration of a $600 weekly jobless supplement that discouraged some from filing claims. The Dow Jones Industrial Average .DJI fell 54.33 points, or 0.19%, […]