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☆ Kenvue earnings top estimates in J&J spinoff's first quarterly report since IPO
▼ + stars: | 2023-07-20 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

Kenvue reported second-quarter revenue and adjusted earnings that topped expectations Thursday in the consumer health company's first quarterly report since it spun out from Johnson & Johnson two months ago. But J&J still owns a 90% stake in Kenvue, meaning it can generally control the direction of the spinoff's business for now. Excluding certain items, the company's adjusted earnings were 32 cents a share. The company's full-year adjusted earnings outlook is $1.26 to $1.31 per share. The company reported sales growth across its three business divisions in the second quarter.

Persons: Kenvue, Johnson, Kenvue's, Thibaut Mongon, headwinds, Mongon Organizations: Johnson, Refinitiv, Deutsche Bank Global Consumer Conference Locations: Kenvue, Canada

☆ West Can’t Afford to Drop the Ball on Ukraine, U.K. Foreign Secretary Says
▼ + stars: | 2023-07-18 | by ( Paul Beckett | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: ukraine

☆ Opinion | The U.S. Reassessment of Netanyahu’s Government Has Begun
▼ + stars: | 2023-07-11 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +2 min

Whenever people ask me what I do for a living, I tell them that I’m a translator from English to English. Why did President Biden tell CNN that “this is one of the most extreme” Israeli cabinets he’d ever seen? And why did the U.S. ambassador to Israel just say that America is working to prevent Israel from “going off the rails”? According to a 2020 Congressional Research Service report, Israel has received the most U.S. foreign assistance of any country in the world since World War II, at $146 billion, not adjusted for inflation. That’s quite an allowance and one that might have merited a little more respect for the U.S. president from Ben-Gvir, who in his youth was convicted of inciting racism against Arabs.

Persons: —, Biden, Benjamin Netanyahu, CNN’s Fareed Zakaria, Itamar Ben, Gvir, Israel Organizations: CNN, Biden, West Bank, U.S, Service, Ben Locations: U.S, Israel, “

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Persons: —, I've, you'll Organizations: Service Locations: Paris, United States

☆ SPECIAL REPORT-Inside the subsea cable firm secretly helping America take on China
▼ + stars: | 2023-07-06 | by ( Joe Brock | ) www.reuters.com time to read: +23 min

Reuters is revealing details of the Diego Garcia project and SubCom’s deepening ties with the Pentagon. SubCom’s loyalty is especially important because it is the only major U.S. subsea cable company. Rather, they carefully obscured the U.S. military component within a larger private-sector cable project, according to four subsea cable industry sources with knowledge of the arrangement. That project, known as the Oman Australia Cable, was spearheaded by SUBCO, a Brisbane-based subsea cable investment company owned by Australian entrepreneur Bevan Slattery. Once the Navy project was complete, AT&T’s submarine cable project morphed into a commercial business, the former employees said.

Persons: Diego Garcia, SubCom, Cerberus, Stephen Feinberg, Donald Trump, Feinberg, Joe Biden, Biden, Eckhard Bruckschen, They’ve, ” Bruckschen, Trump, Brad Smith, –, Mao Ning, ”, Jacob Helberg, Bevan Slattery, SUBCO’s, Richard Payne, Payne, “ We’re, ” Payne, Alex Kerska, Catherine Creese, Creese, David Coughlan, Coughlan, Slattery, SubCom’s Coughlan, Rich, Australia West Express –, John Mariano, Anthony Albanese, Albanese, Caesar, Kellee Wicker, ” Wicker Organizations: CS, SubCom, Google, Microsoft, Meta, ., U.S, Navy, Cerberus Capital Management, U.S . Navy, President’s Intelligence, Board, U.S . Navy’s Pacific Fleet, U.S . Pacific Fleet, U.S ., Pentagon, America Inc, Cable Consultancy, Reuters, Japan’s NEC Corporation, France’s Alcatel Submarine Networks, China’s HMN, U.S . Department of Defense, White, U.S . Department of Justice, Foreign, Oracle, China Economic, Security, Commission, U.S . Department of Transportation, Department of Defense, government’s, Cable Security Fleet, Oman Australia Cable, SUBCO, The, The U.S . Pacific Fleet, SUBCO’s Oman Australia Cable, Facebook, Defense, Intelligence, SubCom’s, London Stock Exchange Group, U.S . Coast Guard, Naval, Cable, Office, Tyco Telecommunications, Australian, Financial, Australia West Express, GoTo Networks, couldn’t, Netflix, AT, Tyco International, Tyco, New, Washington, Science, Technology, Wilson, “ Cables Locations: Diego, Indian, China, New Jersey, United States, U.S, Soviet, Washington, New York, Philippine, South China, Beijing, America, American, Hong Kong, Switzerland, Eatontown , New Jersey, British, Britain, Australian, Australia, Oman, Brisbane, Southeast Asia, The U.S, SUBCO’s Oman, Perth, SubCom, Guam, U.S . Pacific, Republic of Djibouti, of Africa, Djibouti, Sri Lanka, Scotland, Newfoundland

☆ Inside the subsea cable firm secretly helping American take on China
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +24 min

Persons: Diego Garcia, SubCom, Cerberus, Stephen Feinberg, Donald Trump, Feinberg, Joe Biden, Biden, Eckhard Bruckschen, They’ve, ” Bruckschen, Trump, Brad Smith, –, Mao Ning, ”, Jacob Helberg, Bevan Slattery, SUBCO’s, Richard Payne, Payne, “ We're, ” Payne, Alex Kerska, Catherine Creese, Creese, David Coughlan, Coughlan, Slattery, SubCom’s Coughlan, Rich, Australia West Express –, John Mariano, Anthony Albanese, Albanese, Caesar, Kellee Wicker, ” Wicker, Joe Brock, Mohammad Kawoosa, Edgar Su, Catherine Tai Design, Eve Watling, Marla Dickerson Organizations: CS, SubCom, Google, Microsoft, Meta, ., U.S, Navy, Cerberus Capital Management, U.S . Navy, President’s Intelligence, Board, U.S . Navy’s Pacific Fleet, U.S . Pacific Fleet, U.S ., Pentagon, America Inc, Cable Consultancy, Reuters, Japan’s NEC Corporation, France’s Alcatel Submarine Networks, China’s HMN, U.S . Department of Defense, White, U.S . Department of Justice, Foreign, Oracle, China Economic, Security, Commission, U.S . Department of Transportation, Department of Defense, government’s, Cable Security Fleet, Oman Australia Cable, SUBCO, The, The U.S . Pacific Fleet, SUBCO’s Oman Australia Cable, Facebook, Defense, Intelligence, SubCom’s, London Stock Exchange Group, U.S . Coast Guard, Naval, Cable, Office, Tyco Telecommunications, Australian, Financial, Australia West Express, GoTo Networks, couldn’t, Netflix, AT, Tyco International, Tyco, New, Washington, Science, Technology, Wilson, “ Cables Locations: Diego, Indian, China, New Jersey, United States, U.S, Soviet, Washington, New York, Philippine, South China, Beijing, America, American, Hong Kong, Switzerland, Eatontown , New Jersey, British, Britain, Australian, Australia, Oman, Brisbane, Southeast Asia, The U.S, SUBCO’s Oman, Perth, SubCom, Guam, U.S . Pacific, Republic of Djibouti, of Africa, Djibouti, Sri Lanka, Scotland, Newfoundland

☆ Opinion: As a Republican, I know the way forward cannot include Trump
▼ + stars: | 2023-07-05 | by ( Opinion Geoff Duncan | ) edition.cnn.com time to read: +6 min

Editor’s Note: Geoff Duncan, a CNN political contributor and Republican, served as Georgia’s lieutenant governor from 2019 to 2023. Geoff Duncan CNNMultiple candidates, including former President Donald Trump, have outright refused to commit to supporting the ultimate nominee. For a Republican candidate to effectively govern the country, there are far more meaningful questions worth answering. Here’s the truth: In the immediate aftermath of the 2020 election, Trump’s Department of Justice searched high and low for alleged improprieties. It’s long past time for the Republican Party to demonstrate our independence from former President Trump.

Persons: Geoff Duncan, ”, Geoff Duncan CNN, Donald Trump, Bill Barr, Trump’s, Joe Biden, Brad Raffensperger, Abraham Lincoln, Ronald Reagan, Florida Governor Ron DeSantis, Barr, Trump, Al Qaeda, George Bush, Al Gore, Yevgeny Prigozhin, Wagner, Vladimir Putin’s, Ron DeSantis, Putin, Biden Organizations: CNN, Republican, GOP, America’s Conservative Party, Republican Party, Trump’s Department of Justice, Supreme, Georgia, NBC, Florida Governor, Trump, Texas, Russian, ”, Twitter, Facebook, Republicans, US Locations: Georgia, Fulton County, New Hampshire, Iowa, Europe, Ukraine, Russian, Florida

☆ UAE to set up investment ministry, PM says
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +2 min

DUBAI, July 3 (Reuters) - The United Arab Emirates (UAE) will set up a new federal ministry of investment to develop the Gulf state's investment strategy both globally and domestically as it contends with growing economic competition from neighbours. The Gulf states, largely dependent on hydrocarbons for revenue, all have plans underway to diversify their economies and sources of income. The ministry's aims would include stimulating the investment environment in the UAE and to make the UAE's legislation and procedures more competitive to attract global investment, Sheikh Mohammed said. The UAE will also set up a Financial Stability Council to monitor risks, and deal with financial crises to further its objectives of becoming a major global financial centre. Foreign direct investment into Saudi Arabia was about 30 billion riyals ($8 billion), based on data from the Saudi investment ministry.

Persons: Sheikh Mohammed bin Rashid al, Mohammed Hassan Al Suwaidi, Sheikh Mohammed said, Sheikh Mohammed, Rachna Uppal, Nayera Abdallah, David Goodman, Jane Merriman Organizations: United Arab Emirates, Twitter, Thomson Locations: DUBAI, UAE, Maktoum, Dubai, Saudi Arabia, Saudi

☆ Chinese payment giants revive effort to accept foreign credit cards
▼ + stars: | 2023-06-28 | by ( Josh Ye | ) www.reuters.com time to read: +3 min

HONG KONG, June 28 (Reuters) - Chinese tech giants Tencent Holdings (0700.HK) and Ant Group said that they would allow users to link international credit cards to their platforms, an issue that has long plagued foreign visitors as the country’s payment system has kept credit cards out for years. Foreign visitors often find themselves unable to pay for things in China where many shops and restaurants now only accept mobile payment rather than credit cards or cash. Tencent and Ant had formed partnerships with Visa and Mastercard in 2019 to make foreign cards usable on their platforms. Under the new setup, international travelers can set up their foreign cards on these apps with a few simple steps. While China’s mobile payment networks have been closed off to foreign-issued credit cards, domestically issued credit cards under Visa and Mastercard have long been supported.

Persons: Alipay, Ant, ” Tencent, Josh Ye, Kim Coghill Organizations: Tencent Holdings, HK, Ant Group, Visa Inc, Mastercard, Ant, Visa, Overseas, Thomson Locations: HONG KONG, China, ecommerce, Hong Kong, Macau

☆ Ukraine steps up calls for 'political invitation' to join NATO
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

KYIV, June 27 (Reuters) - President Volodymyr Zelenskiy stepped up calls for Ukraine to receive a "political invitation" to join NATO when the military alliance holds a summit in Lithuania next month. Zelenskiy also reiterated demands for security guarantees if Ukraine, which has been invaded by Russia, is not given membership of the alliance in the near future. "There is every reason for a political invitation for Ukraine to join the Alliance," he wrote on the Telegram messaging app. He said there was "a full understanding of the security guarantees for Ukraine until the moment of accession" but gave no further details. Zelenskiy has also said he recognises it would be impossible to join while Russia's war in Ukraine is still raging.

Persons: Volodymyr Zelenskiy, Zelenskiy, Oleksii Reznikov, Dmytro Kuleba, Andriy Yermak, Anna Pruchnicka, Timothy Organizations: NATO, Alliance, Ukraine, Kyiv, Atlantic Treaty Organization, Vilnius . Defence, Foreign, Timothy Heritage, Thomson Locations: Ukraine, Lithuania, Russia, Vilnius, United States, Germany, Europe, Kyiv

☆ Madrid joins race for high-spending tourists with bet on five-star hotels
▼ + stars: | 2023-06-27 | by ( Corina Pons | ) www.reuters.com time to read: +5 min

[1/5] A swimming pool is seen at the top of Hyatt's Thompson Madrid Hotel, overlooking central Madrid, Spain, June 13, 2023. RISING ROOM RATESThe arrival of luxury hotels has marked a new peak in room rates. "We're seeking to capture the highest-spending international tourists," said Madrid's tourism director, Luis Martin. Employment in Madrid's tourism sector has grown by 15% since 2019, compared with 5.4% nationally. "The Spanish tourism sector has always tried to compete with other destinations on low prices," he said.

Persons: Hyatt's, Violeta Santos Moura, Santo Mauro, Richard Brekelmans, ”, Carlos Erburu, Thompson, Antonio Catalan, Alejandro Pitashny, Luis Martin, Jose Maria Martinez, Corina Pons, Belen Carreño, Charlie Devereux, Hugh Lawson Organizations: Madrid Hotel, REUTERS, Violeta Santos Moura MADRID, Hotels, Puerta del Sol, Dior, Marriott, Santo, Santo Mauro Palace, Westin, Ritz, Universal Music, Southern, Madrid, Colliers, Hyatt Hotels Corp, Reuters, Robuchon, Michelin, Airlines, Air, Thomson Locations: Madrid, Spain, Europe, Paris, London, Milan, Puerta del, Southern Europe, Barcelona, United States, Rome, Argentine, Iberia, America, Air China, China, Spanish

☆ Analysis: Investors shelve China assets before bigger stimulus
▼ + stars: | 2023-06-23 | by ( Summer Zhen | ) www.reuters.com time to read: +5 min

[1/2] A view of the city skyline, ahead of the annual National People's Congress (NPC), in Shanghai, China February 24, 2022. A global fund manager survey by BofA Securities showed shorting Chinese stocks was the second-most "crowded" trade in June, after going long on big tech. "I can't believe that there is anymore bad news to absorb," said Andy Maynard, head of equities at China Renaissance. Restoring confidence is looking increasingly like a long-term project and investors are positioning for a longer game and a slower rebound. "We are all looking for something a bit more decisive in helping to restore animal spirits, investor confidence and market confidence, and I think that hope may be still at risk of being disappointed."

Persons: Aly, Morgan Stanley, Hong, Dong Chen, Andy Maynard, Morgan, James Liu, Guan Yi, Summer Zhen, Jason Xue, Tom Westbrook, Jacqueline Wong Organizations: National People's Congress, REUTERS, BofA Securities, Pictet Wealth Management, China, Reuters, G Investments, Thomson Locations: Shanghai, China, HONG KONG, Beijing, Asia, Singapore, Hong Kong, Pacific

☆ As growth stalls for the U.S. and China, Blinken talked up economic ties in high-stakes Beijing trip
▼ + stars: | 2023-06-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Leah Millis | Afp | Getty ImagesBEIJING — Secretary of State Antony Blinken underscored the importance of the economic aspects of the bilateral U.S.-China relationship during his high-stakes trip to Beijing earlier this week. The German Chamber of Commerce in China said that during her Beijing trip, Baerbock visited German company Flender, a gearbox manufacturer. Chairman Colm Rafferty and Vice Chair Roberta Lipson attended the meeting with Blinken on behalf of AmCham China. Slowing growthRegulatory challenges aside, a more pressing issue for businesses is slower economic growth in China and the U.S. in the last few months. He said the growth of major economies such as China is in the U.S. interest and described the economic relationship as "vitally important."

Persons: Antony Blinken, Xi Jinping, Leah Millis, Blinken, Michael Hart, Hart, Annalena Baerbock, Baerbock, Colm Rafferty, Roberta Lipson, AmCham, Xi, Gabriel Wildau, Teneo, Central Foreign Affairs Office Wang Yi, Qin, Trump, Yellen, Joe Biden, it's, Biden Organizations: of, People, Afp, Getty, BEIJING —, State Department, American Chamber of Commerce, CNBC, German, of Commerce, The U.S . Department, State, Communist, Central Foreign Affairs Office, Qin Gang, U.S . Federal Reserve Locations: Beijing, BEIJING, U.S, China, AmCham China, The, China U.S, Taiwan

☆ Inside China's spy war on American corporations
▼ + stars: | 2023-06-21 | by ( Eamon Javers | ) www.cnbc.com time to read: +6 min

Top intelligence and law enforcement officials in Washington are issuing a stark warning to American companies: The Chinese government wants to replace you. Asked whether the Chinese government wants to compete with or eliminate American companies, FBI Director Christopher Wray told CNBC: "Well, their definition of competing, I think, involves embracing the idea of eliminating." The paid-in foreign investment reached 127.69 billion yuan, up 14.5% year on year. Foreign companies including US investors have been upbeat about the China market and plan to expand in China. Former GE engineer David Zheng and GE Aerospace also declined to comment.

Persons: Christopher Wray, Sen, Marco Rubio, Rubio, Mark Warner, …, Warner, Xu Yanjun, Xu, James Olson, Xu Yanjun's, David Zheng, – CNBC's Katherine Liu, Bria Cousins, Laura Measher, Wally Griffith Organizations: CNBC, American, Democrat, World Trade, Ministry of State Security, GE, Boeing, Honeywell, GE Aviation, FBI, CIA, American Chamber of Commerce, Business Environment, US Department of Commerce, GE Aerospace Locations: Washington, America, U.S, China, Nanjing, Cincinnati, South China, reinvest

☆ China Accepts the New Indo-Pacific Reality
▼ + stars: | 2023-06-20 | by ( Walter Russell Mead | ) www.wsj.com time to read: 1 min

Walter Russell Mead is the Ravenel B. Curry III Distinguished Fellow in Strategy and Statesmanship at Hudson Institute, the Global View Columnist at The Wall Street Journal and the James Clarke Chace Professor of Foreign Affairs and Humanities at Bard College in New York. He is also a member of Aspen Institute Italy and board member of Aspenia. Before joining Hudson, Mr. Mead was a fellow at the Council on Foreign Relations as the Henry A. Kissinger Senior Fellow for U.S. Foreign Policy. He has authored numerous books, including the widely-recognized Special Providence: American Foreign Policy and How It Changed the World (Alfred A. Knopf, 2004). Mr. Mead’s next book is entitled The Arc of A Covenant: The United States, Israel, and the Future of the Jewish People.

Persons: Walter Russell Mead, Curry, James Clarke Chace, Mead, Henry A, Alfred A ., Mead’s Organizations: Hudson Institute, Wall Street Journal, Foreign Affairs, Humanities, Bard College, Aspen Institute, Hudson, Council, Foreign Relations, Kissinger, U.S . Foreign, Providence, Alfred A . Knopf, Jewish People Locations: New York, Aspen Institute Italy, United States, Israel

☆ Blinken Visit Reveals Chasm in How U.S. and China Perceive Rivalry
▼ + stars: | 2023-06-20 | by ( David Pierson | Edward Wong | ) www.nytimes.com time to read: +1 min

A seat looking up at the Chinese leader, Xi Jinping, perched at the head of a long table. To international audiences, the optics of Secretary of State Antony J. Blinken’s two-day visit to Beijing barely raised any eyebrows. But to nationalist-leaning audiences in China, especially on social media, the scenes tell a different story. And during his visit, he was schooled on respecting China’s interests and played supplicant to Mr. Xi. Chinese social media users gleefully noted that Mr. Blinken arrived on Father’s Day, the implication being — using the parlance of the internet — that Mr. Xi was America’s daddy.

Persons: Xi, Antony J, Blinken, supplicant Locations: Beijing, China

☆ Fact-Checking Nikki Haley on the Campaign Trail
▼ + stars: | 2023-06-17 | by ( Linda Qiu | ) www.nytimes.com time to read: +1 min

Nikki Haley, the former governor of South Carolina, was the first prominent candidate to announce a challenge to former President Donald J. Trump’s bid for the Republican presidential nomination. Since entering the race in February, Ms. Haley has weighed in on social issues and tapped into her experience as a former United Nations ambassador under Mr. Trump to criticize current U.S. foreign policy. Sex and gender issuesWhat Ms. Haley SAID“Roe v. Wade came in and threw out 46 state laws and suddenly said abortion any time, anywhere, for any reason.”— in a CNN town hall in JuneThis is exaggerated. Ms. Haley is overstating the scope of the landmark ruling Roe v. Wade, which established a constitutional right to abortion. That is not the same as “any time,” as Ms. Haley said.

Persons: Nikki Haley, Donald J, Trump’s, Haley, Trump, “ Roe, Wade, ” Organizations: Republican, United Nations, Mr, CNN Locations: South Carolina

☆ As U.S. and Chinese Officials Meet, Businesses Temper Their Hopes
▼ + stars: | 2023-06-17 | by ( Ana Swanson | David Mccabe | ) www.nytimes.com time to read: +1 min

Foreign direct investment in China has fallen to an 18-year low. “The hope is that high-level dialogues like this can start to inject some certainty for business into an increasingly fraught and unpredictable trade relationship,” he said. Still, as one of the world’s largest consumer markets and home to many factories that supply global businesses, China exerts a powerful pull. On a visit to China this month, Elon Musk, the chief executive of Tesla and owner of Twitter, described the American and Chinese economies as “conjoined twins” and said he opposed to efforts to split them. Apple’s chief executive, Tim Cook, traveled to China in March and lauded the company’s “symbiotic” relationship with the nation.

Persons: ”, Jake Colvin, Mary Barra, Jamie Dimon, JPMorgan Chase, Stephen Schwarzman, Elon Musk, Tesla, Tim Cook Organizations: American Chamber of Commerce, National Foreign Trade Council, General Motors, JPMorgan, Twitter Locations: China, Blackstone

☆ Indonesia's Bali considers banning mountain climbing following spate of bad tourist behavior
▼ + stars: | 2023-06-14 | by ( Heather Chen | ) edition.cnn.com time to read: +5 min

Dubbed the “island of the Gods,” Bali is one of the world’s most popular tourist destinations, regularly ranking high on global travel polls. The new rules will apply to Bali’s 22 mountains, which have now been closed indefinitely for climbers. Mountains and volcanoes are popular among many visitors who flock to Bali to enjoy its beaches, jungles and rice paddy fields. Guides and local agencies told CNN that it was still business as usual but heavily lamented the ban. “Bali is only starting to bounce back from the pandemic, now is not a good time to be choosing which tourists we want.

Persons: CNN —, ” Wayan Koster, ”, Wayan Koster, Batur, Che, Mount Agung, “, Sandiaga Uno, it’s, Tjokorda Bagus Pemayun Organizations: CNN, CNN — Bali’s, Foreigners, Police Locations: Bali, Indonesia, Mount Agung, Bali’s, Russian, Seminyak, Mount, Jakarta

☆ Japan optimism has been fueled by 'game-changing' reforms and Warren Buffett: Here's what you need to know
▼ + stars: | 2023-06-13 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

The Tokyo Exchange Group recently finalized its market restructuring rules. Warren Buffett's bullish calls on Japanese equities has also helped boost confidence among foreign investors. It could in turn lead to a domino effect among other Japanese companies once the big players start to make changes. Corporate governance is the "third arrow" of the three core tenets of Abenomics — monetary easing and fiscal stimulus are the other two. Buffett's May disclosures helped spur 10 straight weeks of net foreign purchases of Japanese equities.

Persons: Richard A, Brooks, Oliver Lee, Warren Buffett's bullish, —, Yunosuke Ikeda, Nomura's Ikeda, Shinzo Abe, Warren, Berkshire, Asli, Shuntaro Takeuchi, Matthews Asia, Buffett, Berkshire Hathaway, that's, Matthews Asia's Takeuchi, We're, Oliver Lee Eastspring, Eastspring's Lee Organizations: Afp, Getty, Nikkei, Tokyo Stock Exchange, Tokyo Exchange Group, CNBC, Tokyo bourse, Berkshire Hathaway, Kyoto, Investing, Buffett, Foreigners, Japan Ministry of Finance, Kyoto University's Graduate School of Management, Graduate School of Economics, Mitsui & Co, Hitachi Locations: Japan, Tokyo, Singapore, Abenomics, San Francisco

☆ China IPOs are uncoupling from Wall Street too
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

Increasingly it is detaching from Wall Street too. Nonetheless, the Shanghai Stock Exchange will hold a hearing for the deal on Friday, per Refinitiv’s IFR. Syngenta is a pillar in Beijing’s strategy to shore up food security and will use the deal to pay down debt. The landmark IPO coincides with signs that Wall Street’s small position in the market is shrinking further. Syngenta’s blockbuster IPO will be an awkward new milestone for Wall Street already facing life in China’s second tier.

Persons: Beijing’s, It’s, Dealogic, Xavier Niel, Pete Sweeney, Thomas Shum Organizations: Reuters, Agricultural Bank of, Shanghai Stock Exchange, HK, BOC, Citic Securities, Twitter, Brookfield, Thomson Locations: MUMBAI, Agricultural Bank of China’s, Hong Kong, China’s, Una

The Chase Freedom Rise℠ is a beginner credit card that earns 1.5% cash back on all purchases with no annual fee. How to Apply for the Chase Freedom RiseTo apply for the Chase Freedom Rise℠, you must fill out an application at a physical Chase bank branch. Chase Freedom Rise Benefits and RewardsThe Chase Freedom Rise℠ is similar to the Chase Freedom Flex℠ and Chase Freedom Unlimited® in that it earns rewards in the form of Chase Ultimate Rewards® points, which you can redeem at a rate of 1 cent each for cash back, gift cards, or travel through the Chase Ultimate Rewards Travel Portal. Unlike the other Freedom cards, the Chase Freedom Rise℠ doesn't offer a traditional welcome bonus tied to a spending requirement. That's not a bad deal considering many starter credit cards don't offer a bonus at all, but it's significantly less than what the best cash-back credit cards offer.

Persons: Chase, Read, —, you'll, We're, That's, Cardholders, you've Organizations: Service, Chase, Quicksilver, Chevron, Gas, Business, Chase Credit Locations: autopay

☆ Investors are eyeing China's neighbors as the recovery from 'zero-Covid' slows
▼ + stars: | 2023-06-12 | by ( Jihye Lee | ) www.cnbc.com time to read: +8 min

Bloomberg | Bloomberg | Getty ImagesChina's lackluster economic recovery since emerging from strict "zero-Covid" lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near neighbors. Higher targets for JapanForeign investors have undoubtedly been key in driving the Japanese market, maintaining the highest levels the Nikkei has seen since 1990. During the same period last year, foreign investors had sold a net 1.73 trillion yen approximately. Wall Street banks including Morgan Stanley and Societe Generale are among those that are optimistic on Japanese stocks, holding "overweight" positions. Upside for Korea tech stocksSouth Korea is another market closely watched as concerns over China's recovery linger.

Persons: Goldman, Andrew Tilton, Berkshire Hathaway's Warren Buffett, India's, Goldman Sachs, Tilton, Morgan Stanley, ROE, Mike Wilson, we've, Price, Goldman's Tilton, Rhee Chang, Nomura, Chloe Andrieu, Pranjul Bhandari, Bhandari Organizations: Bloomberg, Getty, Asia, Pacific, Japan Foreign, Nikkei, Japan's Ministry of Finance, Societe Generale, Equity, U.S, UBS Global Wealth, U.S ., UBS, The Bank of, CNBC, Citi, AFP, Afp, Korea Financial Investment Association, South Korean, Fitch, Ben Advisors Locations: Macau, China, Japan, South Korea, India, Goldman Sachs, Berkshire, South, Shanghai, Shenzhen, Wall, Korea, Asia, The Bank of Korea, Fuyang, China's, Anhui, Indonesia

Bank of America Unlimited Cash Rewards Credit Card for Students Review: Is It the Best Card for You? If your credit falls short, consider other options like a secured credit card or a starter credit card that gives you a better shot at approval. Bank of America Unlimited Cash for Students RewardsMany student and no-annual-fee credit cards don't come with a sign-up bonus and don't earn rewards for ongoing spending, but the Unlimited Cash Rewards Credit Card for Students offers both. Bank of America Unlimited Cash Rewards for Students Benefits and FeaturesLike most student credit cards, the Unlimited Cash Rewards Credit Card for Students doesn't come with high-value benefits like travel insurance or airport lounge access. Methodology: How We Reviewed the Bank of America Unlimited Cash Rewards for StudentsWe compared the Bank of America Unlimited Cash Rewards Credit Card for Students to similar student and 0% APR credit cards from Bank of America and other card issuers, and evaluated several factors, including:Rewards earning potential — Does the card earn rewards at competitive rates?

Persons: it's, Cash, cardholders, Merrill, You'll, you've, doesn't, you'll, Uber, Peter Rothbart, he's, Peter, Read, Angela Fung Organizations: Bank of America, of America, Bank of America's, Reading Chevron, Students, BoA, Bank of America Bank of America, Students Bank of America, Students Review Bank of America, Student, Banks Bank of America, Capital, Wholesale, Card, Finance Locations: Seattle , Washington, Vegas, Pacific

☆ China is likely headed for a lost decade and won't 'eat our economic lunch,' former IMF official says
▼ + stars: | 2023-06-08 | by ( Jason Ma | ) www.businessinsider.com time to read: +3 min

China's economy is stumbling and is likely headed for a lost decade similar to Japan's. That's according to former IMF official Desmond Lachman, who said China may no longer be the world's growth driver. But a lost decade also means "we no longer need to worry that China will eat our economic lunch." "One silver lining of a likely lost Chinese economic decade is that we no longer need to worry that China will eat our economic lunch," Lachman added. "As occurred with the supposed Japanese economic miracle in the 1980s before it, we will find that the Chinese economy had clay feet."

Persons: Desmond Lachman, —, Lachman Organizations: Service, International Monetary Fund, American Enterprise Institute, Federal Reserve Locations: China, Japan, Barron's

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