China stocks post weekly gains as investors bet on policy support

* SSEC -0.7%, CSI300 -1.1% * HK->Shanghai Connect daily quota used -3.8%, Shanghai->HK daily quota used 2.8% * FTSE China A50 -1.5% BEIJING, July 16 (Reuters) – China stocks posted weekly gains, as investors took comfort in the central bank’s surprise decision to cut the amount of cash that banks must hold as reserves to help underpin the country’s post-COVID […]

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South Korean youth fight 'click war' in hunt for COVID-19 vaccines

SEOUL (Reuters) – South Korean graduate student Kim Hyun-jin sits with her thumbs flailing away at the screen of her phone, hoping to land a click on an online map that will get her the leftover coronavirus vaccine that someone in her Seoul neighbourhood missed.Slideshow ( 2 images )But after 10 days of “mad clicking,” Kim, 32, has come away […]

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Sensex surges over 100 points in early trade, Nifty tops 15,950

ITC was the top gainer in the Sensex pack, surging over 1%. Equity benchmark Sensex jumped over 100 points to touch record intra-day high in early trade on July 16, tracking gains in index majors Reliance Industries, HDFC twins and ITC despite a largely negative trend in global markets. After surging to a peak of 53,290.81 in opening session, the […]

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India's Paytm files draft papers for $2.2 billion IPO

BENGALURU (Reuters) -SoftBank-backed Indian digital payments startup Paytm has filed for an initial public offering (IPO) of up to 166 billion rupees ($2.23 billion), draft papers submitted to the country’s market regulator showed on Friday.The interface of Indian payments app Paytm is seen in front of its logo displayed in this illustration picture taken July 7, 2021. REUTERS/Florence Lo/IllustrationThe IPO […]

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Tesla registrations in California surge 85% in second quarter – data

FILE PHOTO: A Tesla supercharger is shown at a charging station in Santa Clarita, California, U.S. October 2, 2019. REUTERS/Mike Blake/File Photo(Reuters) – Tesla Inc’s vehicle registrations in California rose more than 85% in the second quarter versus last year, largely due to the success of the company’s Model Y, according to data from Cross-Sell here, a research firm that […]

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