By Helen Reid PARIS (Reuters) -Online fast-fashion retailer Shein received a 150 million euro ($175.61 million) fine on Wednesday from France’s data protection authority over the improper use of cookies, a decision the company contested and said it would appeal. The Commission Nationale de l’Informatique et des Libertés (CNIL), a government body charged with enforcing …
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist A rebound in U.S. tech stocks lifted the Nasdaq and S&P 500 on Wednesday, but soft U.S. employment indicators kept investors on edge and sparked a rally in Treasuries and gold prices. More on …
By Nicole Jao NEW YORK (Reuters) -Oil prices fell by more than 2% on Wednesday ahead of a weekend meeting of OPEC+ producers that is expected to consider another increase in production targets in October. Brent crude fell $1.6, or 2.31%, to $67.54 a barrel by 2:11 p.m. EDT (1811 GMT). U.S. West Texas Intermediate …
Oil prices drop as OPEC+ weighs another output hike Read More »
WASHINGTON (Reuters) -The U.S. International Trade Commission said on Wednesday it has received a trade complaint seeking to block imports of liquid crystal displays used in televisions and other devices that allegedly violate a U.S. company’s patent. The complaint, filed by BH Innovations LLC, alleges violations by major television producers including China’s TCL and Hisense, …
US trade panel receives patent request to block liquid crystal display imports Read More »
By Yoruk Bahceli, Junko Fujita and Gertrude Chavez-Dreyfuss LONDON/TOKYO/NEW YORK (Reuters) -A sense of calm settled on the world’s biggest bond markets on Wednesday, but concerns about the fiscal health of major economies from Japan to Britain and the United States kept long-dated borrowing costs pinned near multi-year highs. Worries about Japan’s fiscal position were …
Global bond markets stabilize, for now, as fiscal storm looms Read More »
HONG KONG (Reuters) -Hong Kong authorities are probing allegations of insider trading involving staff members at Hong Kong Exchanges & Clearing Ltd and the Securities and Futures Commission (SFC), according to two people familiar with the matter. Authorities in the Asian financial hub have conducted the investigation since late last year, said one of the …
Hong Kong probes exchange, watchdog staff for insider trading allegations, sources say Read More »
(Reuters) -Turkey-based logistics company Horoz Lojistik agreed with Chinese online marketplace Temu to provide delivery services for Temu’s e-commerce operations in the local Turkish market, it said on Wednesday. The strategic partnership aims to ensure fast and secure delivery within Turkey for high-volume products sold by Temu, or those more than 30 kilograms, Horoz said. …
Turkey’s Horoz in delivery deal with Chinese online market Temu Read More »
OTTAWA (Reuters) -Canadian Prime Minister Mark Carney on Wednesday said he and other senior officials would work to resolve a dispute with China over tariffs that Beijing has imposed on canola. China hit Canadian canola seed imports with preliminary 75.8% duties last month following an anti-dumping investigation, escalating a year-long trade dispute. China is by …
Canadian PM says he will take part in bid to resolve China canola dispute Read More »
BEIJING (Reuters) -Russian President Vladimir Putin said on Wednesday that the planned new Power of Siberia 2 gas pipeline would give a competitive advantage to China because the world’s biggest energy consumer would get gas at a price lower than Europe’s. Russia and China gave their blessing to the vast pipeline project with a binding …
Putin says China to benefit from market-based gas price via new pipeline Read More »
FRANKFURT (Reuters) -The European Central Bank and its peers around the world should pool their reserves for U.S. dollar liquidity as Federal Reserve help cannot be guaranteed given President Donald Trump’s attacks, the head of an influential think tank said. Adam Posen of the Peterson Institute for International Economics told an ECB conference on Wednesday …
Central banks urged to pool dollar reserves as Fed help questioned Read More »
