Nikkei slides 2%, South Korea drops 3.6% Wall St tumbled overnight, bonds retreat Investors see Fed rate cut next month as a toss up Fed officials take hawkish view; U.S. jobs data for Oct may not be available SINGAPORE, Nov 14 (Reuters) – Asian shares tumbled on Friday, joining a global selloff as hawkish comments…
Nov 13 (Reuters) – China’s securities watchdog chief, Wu Qing, has sought approval to step down, people with knowledge of the matter said, in what would be an abrupt and unexpected exit for a regulatory head brought in last year to stabilise the country’s stock markets. Wu, who was appointed the chairman of China Securities…
Q3 net loss widens to $365 million from $323 million a year ago Revenue jumps 36% in Q3, but tariffs and costs hit margins Shares drop as much as 17% Nov 12 (Reuters) – Polestar reported a wider third-quarter loss on Wednesday and said it would conduct a reverse stock split – reducing the number…
April cyber hack disrupted turnaround momentum ‘Factory to floor’ supply chain overhaul underway 120 million pound investment in automation Aims to double fashion, home and beauty online sales LONDON, Nov 12 (Reuters) – Marks & Spencer is revamping its supply chain from “factory to floor”, the retailer’s new fashion boss told Reuters, as it looks…
ORLANDO, Florida, Nov 11 (Reuters) – U.S. tech was the major outlier in an otherwise buoyant day for global stocks on Tuesday, as relief around the expected end of the U.S. government shutdown lifted the Dow to a record closing high and other indices to new peaks too. More on that below. In my column…
ORLANDO, Florida, Nov 5 (Reuters) – U.S. stocks and bond yields rose on Wednesday on surprisingly strong job growth and service sector data, which suggests the economy is in decent shape and calls into question how much lower the Federal Reserve needs to cut interest rates. I didn’t write a column today, but don’t worry…
A look at the day ahead in European and global markets from Kevin Buckland On another day, tech-driven stock rallies to fresh record highs in Tokyo and Taipei would probably signal a bullish tone for regional equities, but not today. Sign up here. Just after those markets edged up to those unprecedented heights, traders turned…
Shein to open outlet in Paris department store on Wednesday Its first permanent stores have drawn widespread criticism France working on fast fashion law that Shein opposes Shein under scrutiny in France over low-cost business model LONDON, Nov 4 (Reuters) – Chinese online fashion platform Shein is ramping up its fight in France, gambling that…
BEIJING, Nov 4 (Reuters) – Tesla’s (TSLA.O), opens new tab China-made electric vehicle sales fell 9.9% to 61,497 units in October from a year earlier, reversing a 2.8% increase in September, data from the China Passenger Car Association showed on Tuesday. Sales of the U.S. automaker’s Model 3 and Model Y vehicles made at its…
Tech drives initial rally, but stock traders cautious after weak US data Divergent views among Fed officials clouds outlook for December rate cut RBA refrains from rate cut, as widely expected TOKYO, Nov 4 (Reuters) – Asian stock markets from Tokyo to Taipei and Seoul retreated from all-time highs on Tuesday, with investors booking profits…