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China's industrial profit growth cools as AI-linked sectors outpace

China's industrial profit growth cools as AI-linked sectors outpace

BEIJING, Aug 27 (Reuters) - China's industrial firms reported slower profit growth in July, with export-focused sectors riding the global AI boom, while industries reliant on domestic demand remained under pressure.

Some Chinese workers see an ally in Brussels as EU trade tensions mount

Some Chinese workers see an ally in Brussels as EU trade tensions mount

By Claire Fu SINGAPORE, Aug 26 (Reuters) - The European Union is finding support on an opponent's turf ahead of trade talks with Beijing, as Chinese workers vent on social media about excessive overtime that critics say gives exporters an unfair advantage.

Economist Michael Pettis Warns China's Debt Crisis Solution Differs from Past

Economist Michael Pettis Warns China's Debt Crisis Solution Differs from Past

Economist Michael Pettis Warns China's Debt Crisis Solution Differs from Past

China home prices seen falling slightly less this year, property investment slump deepens: Reuters Poll

China home prices seen falling slightly less this year, property investment slump deepens: Reuters Poll

By Liangping Gao and Ryan Woo BEIJING, Aug 28 (Reuters) - China's home prices were expected to fall slightly less this year than previously forecast, while declines in property investment and sales were set to deepen, a Reuters poll showed, underscoring a crisis-hit property sector yet to stabilise.

Nepal rescuers hunt survivors of devastating flood; 162 dead

Nepal rescuers hunt survivors of devastating flood; 162 dead

By Gopal Sharma, Sahana Bajracharya and Navesh Chitrakar TRISHULI, Nepal/BEIJING, Aug 27 (Reuters) - Rescuers in Nepal used helicopters on Thursday to scour for hundreds still missing after a wall of mud and rock collapsed into a river on the Himalayan border with China's Tibet, sending catastrophic

Oil drops to more than two-week low on Iran-Oman talks to reopen Strait of Hormuz

Oil drops to more than two-week low on Iran-Oman talks to reopen Strait of Hormuz

By Anushree Mukherjee Aug 26 (Reuters) - Oil prices fell more than $2 a barrel to a more than two-week low on Wednesday as talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen and remove shipping constraints affecting supply in the key Middle East region.

European shares fall as Nvidia boost fails to offset sectoral weakness

European shares fall as Nvidia boost fails to offset sectoral weakness

By Tharuniyaa Lakshmi Aug 27 (Reuters) - European shares edged lower on Thursday as a Nvidia-fuelled rally in technology stocks was not enough to offset broader market weakness. The pan-European STOXX 600 was down 0.4% at 653.77 points, as of 0843 GMT.

OPEC+ loses oil market sway in Iran war as China gains influence

OPEC+ loses oil market sway in Iran war as China gains influence

By Alex Lawler, Ahmad Ghaddar and Lewis Jackson LONDON, Aug 27 (Reuters) - Six months into the Iran war, the world's most powerful oil alliance, OPEC+, finds itself in an unfamiliar position: unable to influence a market it once helped shape.

Oil drops to more than two-week low on hopes of Hormuz reopening

Oil drops to more than two-week low on hopes of Hormuz reopening

By Anushree Mukherjee Aug 26 (Reuters) - Oil prices fell more than 2% on Wednesday to their lowest level in more than two weeks, as progress in talks between Iran and Oman raised expectations the Strait of Hormuz could reopen, easing shipping disruptions in a key oil-exporting region.

Hundreds missing after flood hits Nepal-Tibet border, 157 bodies recovered

Hundreds missing after flood hits Nepal-Tibet border, 157 bodies recovered

By Liz Lee, Sahana Bajracharya and Navesh Chitrakar TRISHULI, Nepal/BEIJING, Aug 26 (Reuters) - A huge wall of mud and rock collapsed into a river on the Himalayan border of Nepal and China's Tibet on Wednesday, triggering catastrophic flooding on the Nepali side that killed scores of people and

HP's decline in PC shipments overshadows strong results; shares fall

HP's decline in PC shipments overshadows strong results; shares fall

Aug 26 (Reuters) - HP said on Wednesday its personal computer unit shipments declined in the third quarter, overshadowing the company's strong results and sending its shares down 10% in extended trading.

Dollar little changed as Iran sanctions, Treasury buybacks gauged

Dollar little changed as Iran sanctions, Treasury buybacks gauged

By Chuck Mikolajczak NEW YORK, Aug 25 (Reuters) - The U.S. dollar was roughly unchanged on Tuesday, as investors weighed Washington's expanded sanctions against Iran and renewed efforts to ease pressure on longer-dated Treasury yields. The greenback had stumbled late last week after U.S.