By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist I’m excited to announce that I’m now part of Reuters Open Interest (ROI), an essential new source for data-driven, expert commentary on market and economic trends. You can find ROI on the Reuters …
By Sophie Yu and Brenda Goh BEIJING/SHANGHAI (Reuters) -A Beijing auction house sold a human-sized Labubu figure for 1.08 million yuan ($150,275.51) on Tuesday, setting a new record for the “blind box” toy as it moves from craze to collectible. The event held by Yongle International Auction, which traditionally specialises in modern art as well …
Labubu human-sized figure sells for over $150,000 at Beijing auction Read More »
By Casey Hall and Sophie Yu SHANGHAI (Reuters) -Some of China’s top beauty brands such as Proya and S’Young are exploring acquisitions of smaller foreign rivals to expand their portfolios and replicate the success of global leaders like L’Oreal or Estée Lauder amid slowing growth at home. While still relatively unknown internationally, these Chinese brands …
Chinese beauty brands explore foreign M&A to spur growth Read More »
PARIS (Reuters) – France’s Senate approved a revised version of a law regulating fast fashion on Tuesday, which if implemented would ban advertising by fast-growing Chinese e-commerce platforms like Shein and Temu. Senators in the upper house of parliament voted almost unanimously for a modified version of a bill passed by France’s lower house last …
French Senate backs law to curb ultra fast-fashion Read More »
By Ella Cao and Ryan Woo BEIJING (Reuters) -China extended on Tuesday a high-profile investigation into imported pork from the European Union by six months, days before it was due to wrap up and as negotiators from Brussels and Beijing carve out a deal over the EU’s electric vehicle tariffs. Launched in June last year, …
China delays decision on EU pork imports as EV tariff talks continue Read More »
By Ariba Shahid and Asif Shahzad ISLAMABAD (Reuters) -Pakistan will raise defence spending by a steep 20% after a military clash with its old enemy India last month, but will slash overall federal expenditure for fiscal 2025-26 by a hefty 7% to 17.57 trillion rupees ($62 billion). The budget presented on Tuesday by Prime Minister …
Pakistan boosts defence budget by 20% but slashes overall spending in 2025-26 Read More »
By Maki Shiraki TOKYO (Reuters) -Some investors in Toyota Industries voiced disapproval of a $33 billion buyout offer on Tuesday, adding to criticism that the bid from Japanese parent Toyota Motor was unfair to minority shareholders. The 4.7 trillion yen ($33 billion) offer to take the forklift maker private has already come under fire from …
Toyota supplier hit with criticism at shareholder meeting over $33 billion deal Read More »
By Kritika Lamba (Reuters) -China’s Tencent Music Entertainment Group said on Tuesday it would buy domestic long-form audio platform Ximalaya for about $2.4 billion in cash and stock, expanding its library of content to attract more paying users. The deal will give Tencent Music access to a diverse creator network that includes professional and user-generated …
Tencent Music to buy Chinese audio platform Ximalaya for $2.4 billion Read More »
ISLAMABAD (Reuters) -Pakistan’s federal budget for fiscal year 2025-26 is expected to cut spending to 17.57 trillion rupees ($62.30 billion) from 18.9 trillion rupees in the previous year, a source said ahead of the announcement on Tuesday. But it is expected to raise defence spending to 2.55 trillion rupees ($9.04 billion) from 2.1 trillion rupees …
Pakistan to cut overall spending but raise defence budget in 2025-26, source says Read More »
TOKYO (Reuters) -Japan’s largest opposition party called for lowering the central bank’s inflation target and giving it more flexibility to raise interest rates on Tuesday as it released its campaign pledges for next month’s upper house elections. Under pressure from then-Prime Minister Shinzo Abe to take bolder steps to beat deflation, the Bank of Japan …
Japan’s largest opposition calls for lowering BOJ’s inflation target Read More »
