Major stock markets mostly dropped Monday on profit-taking and oil prices jumped as traders weighed fresh interest-rate cuts from China’s central bank aimed at reigniting the world’s second-biggest economy. Another record session Friday on Wall Street failed to carry over into the new week and inspire a similar rally elsewhere, as main equity indices mostly…
Asian markets swung Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world’s number two economy, while gold hit a record high on geopolitical concerns. Another record day on Wall Street on Friday was unable to inspire a similar rally at the start of the week, with traders also gearing…
McLaren team chief Andrea Stella blasted as “inappropriate” a controversial penalty handed to Lando Norris at the United States Grand Prix which could shatter his world title dream. Race stewards penalised Norris and relegated him to fourth behind three-time world champion Max Verstappen of Red Bull after the pair clashed and ran off-track in the…
Former world champions Riku Miura and Ryuichi Kihara of Japan opened the figure skating grand prix season with a pairs victory at Skate America on Saturday. The duo, who settled for silver at the last worlds after winning gold in 2023, delivered a polished albeit not perfect free skate to post a total of 214.23…
Global stock markets took different directions on Friday as investors weighed better-than-expected Chinese economic growth data, a eurozone interest-rate cut and corporate earnings. In New York, the tech-heavy Nasdaq and broad-based S&P 500 opened higher after Netflix reported that it added millions of subscribers in its latest quarter, sending the streaming giant’s shares soaring nine…
Procter & Gamble reported a decline in profits on slightly lower sales Friday as the company said a recovery in China was still a number of quarters away. The producer of Tide detergent and Crest toothpaste, P&G reported mixed sales across its five product categories, with health care growing the most and beauty declining the…
British Foreign Secretary David Lammy will meet his counterpart Wang Yi in Beijing on Friday to “challenge” China on sensitive issues like Russia’s war in Ukraine, as the two nations seek to rebuild frayed ties. Lammy is the first British cabinet minister to visit China since Labour Prime Minister Keir Starmer took office in July….
European and US stock markets rose Thursday as the European Central Bank cut interest rates and results from key chip maker TSMC calmed fears that the tech sector was struggling. All the major eurozone exchanges closed higher, pulling London up with them, after the ECB cut its main interest rate a quarter point and expressed confidence…
Asian markets rose Thursday following a healthy run on Wall Street, with Chinese investors giving a cautious welcome to Beijing’s latest plan to boost the country’s troubled property sector. Hong Kong and Shanghai finished the morning session on a positive note after China’s housing minister outlined a fresh batch of measures in the latest bid…
Atlanta has been named the host city for Super Bowl 62 in 2028, the NFL announced on Tuesday, marking the fourth time the 1996 Olympic host will stage the championship spectacle. Mercedes-Benz Stadium, the 71,000-seat home of the NFL Atlanta Falcons which opened in 2017, will be the site of the contest, which has not…