Marketmind: Bonds calm down but Chinese markets smolder

A look at the day ahead in U.S. and global markets from Mike Dolan

newspaper

16-08-2023

Bumpy road for China's ride hailing drivers as economy slows

Shanghai driver Zhu Zhimin works 15 hours a day to earn the same money he was making only a few months ago working a regular shift, as he competes with an increasing number of Chinese rushing into the ride-hailing industry.

newspaper

16-08-2023

Walgreens must face US, Virginia Medicaid fraud lawsuit over hepatitis C drugs

(Reuters) -A federal appeals court on Tuesday revived a lawsuit in which the United States and Virginia accused Walgreens Boots Alliance of defrauding Virginia's Medicaid program by falsely representing that some patients were eligible for expensive hepatitis C drugs.

newspaper

15-08-2023

Walgreen must face US lawsuit alleging false claims over hepatitis C drugs

A federal appeals court on Tuesday revived a lawsuit by the United States and Virginia that accused Walgreens Boots Alliance of misrepresenting that some patients met Virginia's Medicaid-eligibility requirements for expensive hepatitis C drugs.

newspaper

15-08-2023

China central bank unexpectedly cuts rates to support sputtering economy

China's central bank unexpectedly cut key policy rates for the second time in three months on Tuesday, in a fresh sign that the authorities are ramping up monetary easing efforts to boost a sputtering economic recovery.

newspaper

15-08-2023

Russian stocks retreat from pre-invasion high as rouble rebounds

Russia's benchmark stock index retreated on Monday from its highest since before Moscow sent troops into Ukraine on Feb. 24, 2022, after the central bank suddenly announced an emergency policy meeting on Tuesday, ending a sharp slide in the rouble.

newspaper

14-08-2023

Russia's rouble weakens past 100 per US dollar

The Russian rouble fell past the psychologically key 100 per U.S. dollar threshold for the first time since March last year on Monday.

newspaper

14-08-2023

Instant view: Russia's rouble weakens past 100 per U.S. dollar

The Russian rouble fell past the psychologically key 100 per U.S. dollar on Monday.

newspaper

14-08-2023

U.S. Steel explores options after rejecting $7.3 billion offer from Cleveland-Cliffs

(Reuters) -United States Steel Corp on Sunday launched a formal review of its strategic options, after rebuffing a takeover offer from rival steelmaker Cleveland-Cliffs Inc.

newspaper

13-08-2023