Category Archives:
Burberry warns on profit outlook again as luxury demand wanes
LONDON (Reuters) -British luxury fashion brand Burberry on Friday warned on its full year profit outlook for the second time in three months, blaming a further slowing in global demand. The latest war...
Thomson Reuters Jan 12, 2024
Weak demand, tighter lenders: Hong Kong property developers face tough 2024
By Clare Jim HONG KONG (Reuters) - Hong Kong's property companies face a squeeze in 2024 from rising funding costs and sluggish home sales and office rentals, making creditors and investors cautious a...
Thomson Reuters Jan 12, 2024
Porsche increases 2023 deliveries despite China slump
BERLIN (Reuters) - Luxury carmaker Porsche increased its deliveries by 3% in 2023, with 320,221 vehicles delivered worldwide, as growth in Europe and North America offset a challenging market in China...
Thomson Reuters Jan 12, 2024
Exclusive-China's Harvest Fund cuts Hong Kong staff in pullback from offshore business, sources say
By Xie Yu and Selena Li HONG KONG (Reuters) - Harvest Fund Management, which manages $210 billion in assets, has laid off more than one-third of its staff at its Hong Kong unit as the leading Chinese ...
Thomson Reuters Jan 12, 2024
South Korean regulator warns brokering US bitcoin ETFs locally may be illegal
(Reuters) - South Korea's financial regulator on Friday said brokering U.S. spot bitcoin exchange-traded funds (ETFs) may be illegal in local markets, in an official response to the U.S. Securities an...
Thomson Reuters Jan 12, 2024
Analysis-Middle East escalation tilts balance of risks in markets
By Rae Wee and Ankur Banerjee (Reuters) - For global investors who came into 2024 with doubts about how long stock markets can rally and when central banks will cut rates, a sudden widening of the war...
Thomson Reuters Jan 12, 2024
European shares gain on rate-cut cheer, Airbus rises
(Reuters) - European shares gained at open on Friday as investors overlooked an escalation in the conflict in the Middle East and cheered interest rate cut prospects from the European Central Bank (EC...
Thomson Reuters Jan 12, 2024
German insolvencies increased significantly at the end of 2023
BERLIN (Reuters) - A weak economy and high interest rates caused many German companies to slide into insolvency at the end of 2023, the German statistics office said on Friday. The number of insolvenc...
Thomson Reuters Jan 12, 2024
China-Russia 2023 trade value hits record high of $240 billion - Chinese customs
BEIJING (Reuters) - China's 2023 two-way trade with Russia hit $240 billion, setting yet another new record, Chinese customs data showed on Friday, as the two countries pushed for closer economic ties...
Thomson Reuters Jan 12, 2024
Foreign flows into Japan stocks topped 6 trln yen in 2023
(Reuters) - Foreign investors made hefty investments in Japanese stocks in 2023, buoyed by optimism around corporate governance reforms and a weaker yen against the dollar. Japanese stocks accumulated...
Thomson Reuters Jan 12, 2024
Thu May 14
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