Ian causes flooding, downed trees, power outages across the Carolinas

CHARLOTTE, NC (WBTV) – Hundreds of thousands remain without power across the Carolinas following the impacts of Hurricane Ian. According to Duke Energy’s power outage mapapproximately 289,544 customers were still in the dark across North and South Carolina as of 9:20 am Saturday. Ian officially made landfall in the Carolinas just after 2 pm on … Read more

Morning Bid: Eye of the storm

Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in US and global markets from Mike Dolan. As Hurricane Ian raged and set its sights on Cuba and Florida, a global financial storm in bond and currency markets calmed moderately – though likely only temporarily. Ian strengthened into a … Read more

In China, home buyers occupy their ‘rotting’, unfinished properties

GUILIN, China, Sept 26 (Reuters) – For six months, home for Ms. Xu has been a room in a high-rise apartment in the southern Chinese city of Guilin that she bought three years ago, attracted by brochures touting its riverfront views and the city’s clean air. Her living conditions, however, are far from those promised: … Read more

Stocks slump to 2-year low as rates reality bites

A man is silhouetted in front of a board displaying the Japanese yen exchange rate against the US dollar outside a brokerage, after Japan intervened in the currency market for the first time since 1998 to shore up the battered yen, in Tokyo, Japan September 22, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access … Read more

At UN, Micronesia denounces Japan plan to release Fukushima water into Pacific

A worker, wearing protective suits and masks, takes notes in front of storage tanks for radioactive water at Tokyo Electric Power Co’s (TEPCO) tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima prefecture, Japan February 10, 2016. REUTERS/ toru hanai Register now for FREE unlimited access to Reuters.com Register UNITED NATIONS, Sept 22 (Reuters) … Read more

Asian stocks sink, yields rise as markets brace for aggressive Fed

Visitors walk past Japan’s Nikkei stock prices quotation board inside a conference hall in Tokyo, Japan September 14, 2022. REUTERS/Issei Kato/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 21 (Reuters) – Stocks in Asia sank and bond yields were elevated on Wednesday, as investors braced for another aggressive interest rate … Read more

Global cargo market sags as softer economy points to gloomy Christmas

Register now for FREE unlimited access to Reuters.com Register SYDNEY/SHANGHAI, Sept 16 (Reuters) – Global trade bellwethers like FedEx and Cathay Pacific Airways (0293.HK) have cast a pall over the year-end holiday shopping season – the business slowdown they’re seeing points to weaker-than-expected consumer demand, not a Christmas bonanza. The gloomy outlook comes as consumers … Read more

Frugal is the new cool for young Chinese as economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year old Shanghai marketing consultant is one of many Chinese in their 20s and 30s cutting spending and saving cash where … Read more