Chinese authorities are planning to cut stamp duty on stock trading by as much as 50%, three people with knowledge of the matter said, in a further attempt to revitalise the country’s struggling stock market.
The Group of 20 nations has agreed to work on reforms to the World Trade Organization ahead of the watchdog’s key ministerial meeting in February next year, the Indian government said on Friday.
Shares of Digital World Acquisition Corp , which has agreed to merge with Donald Trump’s media company, fell 5% in premarket trading on Friday after the former U.S. president returned to social media platform X.
British drugmaker AstraZeneca said on Friday it has filed a legal challenge to critical aspects of a program that gives the Medicare health insurance plan the power to negotiate lower drug prices.
Hawaiian Electric’s CEO received an annual bonus last year tied to profit, worker safety and bolstering the supply of renewable energy, but not linked specifically to reducing wildfire risk, according to a Reuters review of company disclosures.
China’s securities regulator met with representatives from top Western asset managers on Friday to reassure them about the country’s economic prospects, as its post-COVID recovery falters, two people with knowledge of the matter told Reuters.
Chilean state mining giant Codelco’s incoming chief executive Ruben Alvarado has a mammoth task ahead of him: boosting copper output from its lowest level in 25 years, reining in ballooning costs, and spearheading a state push into battery metal lithium.
U.S. stock index futures edged higher on Friday ahead of a keenly awaited speech by Federal Reserve Chair Jerome Powell at the Jackson Hole summit that could indicate the central bank’s next interest rate move at its September meeting.
The mood among German businesses deteriorated more than expected in August, data showed, falling for the fourth month in a row and adding to fears that the economy may be heading for its second recession inside a year.
