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☆ Audit breakthrough fails to lure investors into China ADRs
▼ + stars: | 2022-09-29 | by ( Summer Zhen | ) www.reuters.com time to read: +3 min

Register now for FREE unlimited access to Reuters.com RegisterChinese stocks trade in the United States as American Depositary Receipts (ADRs) - U.S. securities that represent foreign shares of a foreign company. Every time, there's another wind comes in that nobody could have seen," said Andy Maynard, global head of equities at China Renaissance Securities. U.S. regulators had long disputed China's refusal to grant them full access to company accountants and audit papers, which had threatened their listings. But a deal struck in August has paved the way for audit inspections to begin this month. Register now for FREE unlimited access to Reuters.com RegisterReporting by Summer Zhen; Editing by Tom Westbrook and Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

☆ 85% of managers still don't trust that their employees are actually working remotely, even though virtual meetings and hours worked have ballooned
▼ + stars: | 2022-09-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Employees don't feel the same, finding their schedules filled with more meetings and email demands. Some 85% of leaders say the shift to hybrid work means they can't tell if their workers are actually doing any work, according to a Microsoft survey released today. Microsoft used its own workplace tools, such as Teams, to look at whether remote and hybrid employees are actually doing more or less work. A separate survey by Beamery this year found more than two-thirds of employees think their boss views them as less productive when they're working from home. But economists tend to disagree and say that employees are actually working harder remotely.

☆ Mortgages and credit cards are about to get even more expensive. It's nothing compared to what we'll see by the end of the year.
▼ + stars: | 2022-09-18 | by ( Ben Winck | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Higher-than-expected inflation in August means the Fed will likely back another jumbo-sized rate hike next week. Rate increases have already made mortgages, car loans, and credit cards much pricier for Americans. Fed officials have been clear that they'll only pull back on their rate hikes once they see "compelling evidence" that inflation is slowing down. And since it usually takes around one year for rate hikes to be fully felt throughout the economy, those tightening effects are set to only get more intense. Fed officials have also made it clear that they want to avoid the biggest risks that come with monetary tightening.

☆ Japan considers deploying long-range missiles to counter China, Yomiuri reports
▼ + stars: | 2022-08-21 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Aug 21 (Reuters) - Japan is considering the deployment of 1,000 long-range cruise missiles to boost its counterattack capability against China, the Yomiuri newspaper reported on Sunday. The missiles would be existing arms modified to extend their range from 100 km (62 miles) to 1,000 km, the daily said, citing government sources. The arms, launched by ships or aircraft, would be stationed mainly around the southern Nansei islands and capable of reaching the coastal areas of North Korea and China, the Yomiuri said. But it has refrained from deploying long-range missiles, among its limits on weapons that can strike targets on foreign soil. Beijing launched missiles near Taiwan and into Japan's exclusive economic zone.

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