Global shares hit a two-week high on Monday as favorable U.S. jobs data whetted risk appetites, while sterling brushed off the resignation of two ministers over Britain’s departure from the European Union as traders focused on the likelihood of a “soft Brexit”.
China’s share market and the yuan bounced on Monday despite heightened trade tensions between Washington and Beijing after each imposed major tariffs on the other’s goods last week and investors nervously watched for more policy action. Monday’s equities rally was seen driven by technical factors and government rhetoric to boost market confidence, but traders and analysts said the rise could be fleeting as a trade war with the United States will hit China’s economy and global growth. “The rally is in part due to marginal improvement in liquidity conditions…and also thanks to a ‘warm breeze’ from regulators and …read more […]
Air France KLM , hit by strikes and without a CEO since May, reported higher passenger traffic for June on Monday, while a leading French transport executive was touted as its possible new chief executive.
Starbucks Corp’s outgoing Executive Chairman Howard Schultz said on Monday that a recent slowdown in China would be short-lived, seeking to salve investor concerns that the U.S. coffee chain is under pressure in the fast-growing market.
Starbucks Corp’s outgoing Executive Chairman Howard Schultz said on Monday that a recent slowdown in China would be short-lived, seeking to salve investor concerns that the U.S. coffee chain is under pressure in the fast-growing market. Schultz also hinted at a potential tie-up with e-commerce giant Alibaba Group Holding Ltd’s billionaire founder Jack Ma, that could help rev up online coffee sales for the chain in China. Starbucks said last month China same-store sales would be flat to slightly negative in its second-biggest market in April-June, versus 7 percent growth a year earlier, triggering a sharp …read more […]
Shares in French carmaker Renault fell on Monday, dragged down by a drop in the stock price of its partner Nissan after the Japanese firm said it would issue an explanation about its emissions measurement processes.
U.S. metal import tariffs could have a big negative impact on auto and other final goods production in the Kansai western Japan region, a senior Bank of Japan official said on Monday.
Xiaomi Corp’s shares fell as much as 6 percent in their Hong Kong debut on concerns over the Chinese smartphone maker’s valuation, in an ominous sign for its technology sector peers who have lined up listings in the city.
Shares in Nissan Motor Co on Monday slumped about 5 percent to their lowest level in more than a year after the automaker said it would hold a briefing regarding its procedures to measure vehicle exhaust gas at its domestic plants.
Asian shares rallied on Monday as favorable U.S. jobs data whetted risk appetites, while sterling wobbled after the shock resignation of two UK ministers over Brexit threatened the survival of Prime Minister Theresa May.
At a factory two hours south of Seoul, women clad in plastic caps and masks put peach-colored eye-shadow into cases, right next to a machine churning out a skin-color face powder.
The Bank of Japan maintained its upbeat economic assessment for all nine regions of the country on Monday and its governor voiced confidence that inflation will head toward his 2 percent target, suggesting that monetary policy will be on hold for the time being.
Nissan Motor Co on Monday said it would hold a briefing at 0800 GMT regarding procedures to measure vehicle exhaust gas at its domestic plants.
Oil prices rose on Monday as investors focused on tight market conditions after data late last week showed U.S. crude inventories fell to their lowest in more than three years. U.S. crude futures (CLc1) added 29 cents, or 0.4 percent, to $74.09. Official data that came out on Thursday, a day later than normal due to the July 4 public holiday, showed inventories at Cushing, the delivery point for U.S. crude futures, fell to their lowest in 3-1/2 years. …read more […]
Citigroup Inc is facing a unique dilemma among the four largest U.S. banks: it is light on deposits from individuals, an important funding source that costs little and tends to stick around.
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