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Financial News

Asian stocks slip as Delta spread spooks investors
HONG KONG — Asian stocks slipped on Tuesday, as the Delta coronavirus variant spread in key markets in the region and put Chinese authorities on high alert, rattling investor confidence. Trade ...

Corn falls on economic worries, U.S. crop report caps losses
CANBERRA — U.S. corn futures fell on Tuesday amid a broad commodity sell-off on concerns over the global economy, though losses were limited by a widely watched report that showed the condition ...

Gold falls as investors await U.S. jobs data
Gold prices were subdued on Tuesday, as the dollar held steady while investors avoided taking big positions ahead of the key U.S. non-farm payroll data due later this week, although growing concerns ...

Oil prices rebound, but fuel demand concerns cap gains
SINGAPORE — Oil prices climbed on Tuesday, clawing back some of the previous session’s deep losses, even though concerns over coronavirus curbs combined with slowing factory activity in ...

IMF $650 bln reserves distribution clears last hurdle, takes effect on Aug 23
WASHINGTON — The International Monetary Fund said on Monday its board of governors approved a $650 billion allocation of IMF Special Drawing Rights and said its largest-ever distribution of ...

China Huarong to sell stake in consumer finance unit, restructure trust business
BEIJING — China Huarong Asset Management Co Ltd said on Tuesday that it plans to sell a 70% stake in a consumer finance unit, and restructure its trust subsidiary, as the Chinese bad loan ...

Houlihan Lokey to buy Japan M&A advisory firm for $591 mln
TOKYO — U.S. investment bank Houlihan Lokey Inc said on Tuesday it will launch a tender offer to buy Tokyo-based mergers-and-acquisitions (M&A) advisory firm GCA Corp in a deal worth about ...

Hong Kong Eases Entry Rules for Vaccinated Residents, Tourists
(Bloomberg) — Hong Kong will allow vaccinated tourists from all but 10 places in the world to enter the city from August 9, in a significant easing of some of the tightest border curbs in the ...

Boil Water Order lifted in Canmore’s Cougar Creek community and along Palliser Trail
CANMORE, Alberta, Aug. 02, 2021 (GLOBE NEWSWIRE) — The boil water order issued by Alberta Health Services on July 29 has been lifted for two additional areas of Canmore: the Cougar Creek ...

China’s copper appetite wanes just as US grows hungry: Andy Home
LONDON — China’s copper import surge has peaked. The country sucked in a record 4.67 million tonnes of refined copper last year, making it the single most important physical driver of the ...

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