Inflation data helps European stocks shake off Nvidia results; Delivery Hero surges
Europe's STOXX 600 rose on Thursday and Germany's DAX closed at a record high, led by tech stocks, after softer inflation data lifted hopes for
August 29, 2024Europe's STOXX 600 rose on Thursday and Germany's DAX closed at a record high, led by tech stocks, after softer inflation data lifted hopes for
August 29, 2024Government bond markets, which have enjoyed a summer of solid price gains, now face a reckoning with their bets for speedy central bank rate cuts and slowing inflation,
August 29, 2024Several Chinese regional banks have reported a jump in their investment income in the first half of the year, even as their primary lending businesses faltered, as the flailing
August 29, 2024South Korea's exports are expected to have risen for an 11th straight month in August, a Reuters poll showed on Thursday, with economists noting rising momentum in
August 29, 2024China's local governments have fallen behind on their debt issuance plans as scrutiny mounts over potentially wasteful infrastructure
August 29, 2024A key Asia stock index has gained its biggest lift in earnings projections in more than three years, as the region's semiconductor firms
August 29, 2024A look at the day ahead in European and global markets from Stella Qiu It is a sea of red in Asia as AI darling Nvidia failed to meet expectations of investors who were not satisfied with its profits,
August 29, 2024South Korean President Yoon Suk Yeol said on Thursday there was a need to "manage" policy loan rates should expectations about lower borrowing costs lead to further price increases in
August 29, 2024Pipeline operator ONEOK said it would buy midstream assets in deals worth $5.9 billion from Global Infrastructure Partners, bolstering its position in the
August 29, 2024The CEO of Australia's biggest bank on Thursday decried the rise of misinformation and labelled a proposed tax on big company profits meritless, pushing back against
August 29, 2024Global shares edged higher on Thursday, shrugging off investor disappointment at artificial intelligence powerhouse Nvidia's results, while oil prices rebounded
August 29, 2024South Korean President Yoon Suk Yeol on Thursday pledged urgent reform of the national pension fund, one of the world's largest with $860 billion of
August 29, 2024New Zealand's business confidence jumped in August to the highest level in a decade as forward-looking activity indicators rose strongly, an ANZ Bank survey showed on Thursday.
August 29, 2024The U.S. dollar rose for a second straight session on Thursday after data showed the world's largest economy grew a little faster than expected in the
August 29, 2024Japan's biggest steelmaker Nippon Steel said on Thursday it plans to make an additional investment of about $1.3 billion in U.S.
August 29, 2024Oil prices settled up by more than a dollar a barrel on Thursday as supply disruptions in Libya and plans to lower output in Iraq raised fears of tighter global
August 28, 2024U.S. electric vehicle (EV) sales are expected to reach just 9% of the market this year, consulting firm J.D. Power said in a report on Wednesday, lowering its previous forecast of 12%.
August 28, 2024Chinese lenders approved loans worth $4.61 billion to Africa last year, marking the first annual increase since 2016, an independent study showed on Thursday.
August 28, 2024Federal Reserve Bank of Atlanta President Raphael Bostic on Wednesday said that with inflation down farther and the unemployment rate up more than he anticipated, it may be "time to move"
August 28, 2024Australia's Qantas Airways announced an additional share buyback on Thursday but no dividend for the fifth year, as the airline reported a 16% annual
August 28, 2024Discount home goods retailer Big Lots is considering a potential bankruptcy filing and may seek court protection within weeks, Bloomberg reported on Wednesday, citing people familiar with
August 28, 2024Nvidia shares dropped more than 6% on Thursday after its forecast fell short of lofty expectations, though some believe the
August 28, 2024A look at the day ahead in Asian markets. Hold on to your hats, or prepare for lift off?
August 28, 2024Before Canada said this week it was imposing a 100% duty on Chinese-made electric vehicles, Tesla approached Ottawa and asked for a lower tariff on its autos, a
August 28, 2024Air New Zealand reported a 61% drop in annual profit on Thursday and warned of potential impacts from sticky inflation, intense competition and engine-related maintenance issues in the
August 28, 2024