Aug 21 (Reuters) - U.S. investors were net buyers of equity funds for a second straight week through August 19, supported by a strong earnings season and cooler inflation data, even as a bond-market selloff and rising oil prices weighed on markets.
Investors bought a net $11.72 billion of U.S. equity funds during the week, the largest weekly inflow since July 29, LSEG Lipper data showed.
Anthropic projected strong revenue growth... (continue reading...)
By Toby Sterling
AMSTERDAM, Aug 21 (Reuters) - The Dutch Data Protection Authority (AP) has decided to fine Uber €825 million ($966 million) under European data protection rules for deactivating driver accounts through automated systems without adequately informing them, according to an August 17 decision reviewed by Reuters.
The penalty would be the second-largest ever issued under Europe's General Data Protection Regulation, behind a... (continue reading...)
BEIJING, Aug 21 (Reuters) - China will revise measures for managing outbound investment to better protect investors' rights and assets and fend off risks overseas, the National Development and Reform Commission (NDRC) said on Friday.
The state planner released a draft of the revised rules and is seeking public comments until September 20.
The revised regulations would cover outbound investments by companies, other organisations and... (continue reading...)
WASHINGTON, Aug 21 (Reuters) - U.S. President Donald Trump said on Friday he would allow up to 300,000 metric tons of ground beef to be imported without impacting tariff quotas as part of a 90-day deal aimed at lowering prices as U.S. consumers struggle with grocery bills.
Trump, in a social media post, said he had "a commitment" that the meat would be sold at 25% below current market prices. He did not say which countries the beef was coming... (continue reading...)
BEIJING, Aug 21 (Reuters) - Tesla will roll out software fixes for millions of vehicles in China, the country's market regulator said on Monday, marking the automaker's largest-ever recall in the market.
Effective September 25, Tesla will recall 2.98 million China-made and imported Model 3, Model Y, Model S and Model X vehicles because emergency door release handles may be difficult to identify, potentially hindering escape or rescue after a... (continue reading...)
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