By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist A surprise spike in U.S. producer price inflation took the wind out of stock markets’ sails on Thursday and prompted investors to reassess their view that an interest rate cut next month was a …
OTTAWA (Reuters) -Canada is focusing on a series of measures to support canola farmers hit by China’s latest tariffs, Prime Minister Mark Carney said on Thursday, but did not give specific details. In a post on X, Carney also said Ottawa would advance a constructive dialogue with China to address trade concerns while diversifying its …
Canada looking at support for canola farmers hit by China tariffs, says Carney Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar rose across the board on Thursday as data showed U.S. producer prices increased more than expected in July amid a surge in the costs of services and goods, suggesting a broader pickup in inflation in the months ahead. The hot measure of inflation at the …
SEOUL (Reuters) -South Korea’s government will announce a plan this month to restructure the country’s petrochemical sector, which is in a “grave” situation, Industry Minister Kim Jung-kwan said on Thursday. South Korean petrochemical companies must take lessons from the restructuring of the country’s shipbuilding industry in the late 2010s, when shipmakers had to liquidate assets …
By Clare Jim and Donny Kwok HONG KONG (Reuters) -CK Hutchison said on Thursday its $22.8 billion ports business sale had a “reasonable chance” of going through after a plan to add a Chinese major strategic investor to the buying consortium, as it tries to navigate through Sino-U.S. tensions. CK Hutchison, based in the Chinese-controlled …
CK Hutchison sees “reasonable chance” of $22.8 billion ports sale going through Read More »
By Nqobile Dludla GQEBERHA, South Africa (Reuters) -Toyota plans to introduce three fully-electric models in South Africa in 2026, a senior executive said on Thursday, entering a nascent EV market where Chinese rivals such as BYD are already competing with European carmakers. Volvo currently dominates EV sales in South Africa, followed by BMW and Mercedes-Benz, …
Toyota to enter South Africa’s EV market with three models in 2026 Read More »
By Deborah Mary Sophia and Sophie Yu (Reuters) -Chinese e-commerce giant JD.com is going all out to build its instant-delivery business to diversify revenue, but breaking into the competitive industry is proving difficult. The company has poured billions into JD Takeaway, the food-delivery unit it launched in February, to cut reliance on a core retail …
JD.com faces battle to gain ground in China’s instant delivery market Read More »
(Reuters) -Sony’s Russian subsidiary was liquidated on August 11, Russian company filings showed, a move that could signal the Japanese conglomerate’s exit from the country. Hundreds of foreign companies have left Russia since Moscow’s February 20202 invasion of Ukraine, by selling, handing the keys to existing managers, or abandoning assets. Sony paused its operations in …
Russian subsidiary of Japan’s Sony liquidated, company filings show Read More »
By Sophie Yu and Deborah Mary Sophia (Reuters) -Chinese e-commerce giant JD.com beat market estimates for quarterly revenue on Thursday, signaling resilient consumer spending on its platform fueled by price cuts and government subsidies. U.S.-listed shares of the company, the leading online platform for home appliance products and electronics in China, fell nearly 4% in …
China’s JD.com tops quarterly revenue estimates on steady e-commerce demand Read More »
(corrects in paragraph 14 to show that HKEX declined to comment on the number of confidential filings, not declined to comment on the story) By Julie Zhu, Selena Li and Kane Wu HONG KONG (Reuters) -At least two dozen Chinese companies have confidentially filed for listing in Hong Kong this year and more are preparing …
Hong Kong allowing listing applicants more privacy sparks wave of confidential filings Read More »
