[ad_1] By Kyle Morris Marks & Spencer Group PLC said Thursday that its performance over the Christmas period was strong, with a rise in third-quarter sales. The U.K. retailer said…
[ad_1] By Bingyan Wang Shares of BYD Co., the Chinese rival to Tesla, fell Tuesday after Warren Buffett further trimmed his holding in the company. The listed Chinese electric vehicle…
[ad_1] By Joe Hoppe AstraZeneca PLC said Monday that it has agreed to buy CinCor Pharma, Inc., acquiring global rights to the latter’s baxdrostat cardiorenal drug for an upfront transaction…
[ad_1] By Bingyan Wang Shares of Alibaba Group Holdings are higher following news that co-founder Jack Ma is ceding control of affiliate company Ant Group Co., potentially paving the way…
[ad_1] By Joe Hoppe Shell PLC said Friday that it expects its fourth-quarter earnings to take a $2 billion hit from additional taxes in the European Union and the U.K.…
[ad_1] By Kyle Morris Next PLC on Thursday raised its pretax profit guidance for fiscal 2023, but said it expects earnings to fall in fiscal 2024 as the economy is…
[ad_1] By Xavier Fontdegloria Germany’s trade surplus for November increased on month but overall trade flows declined, a sign of a slowing economy as high energy prices and rising interest…
[ad_1] By Xavier Fontdegloria France’s annual inflation rate fell in December to its lowest level in three months, driven by a moderation in energy prices. Consumer prices rose 5.9% on…
[ad_1] By Xavier Fontdegloria The U.K. economy contracted at a steeper pace than previously thought in the third quarter, and the short-term outlook remains bleak as the country is widely…
[ad_1] By Kosaku Narioka Toshiba Corp. shares fell sharply Monday morning following a report that a group led by Japan Industrial Partners Inc. may cut the valuation for a possible…
[ad_1] By Bingyan Wang Chinese consumer-related shares from airlines to food chain operators are higher in early trade Monday, after Beijing pared back some of its strictest Covid-19 control measures,…
[ad_1] By Yi Wei Wong Hong Kong-listed casino stocks are up in early Asia trade after the Macau government renewed the licenses of the six casino operators currently registered in…
[ad_1] By Bingyan Wang and Yifan Wang Shares of Chinese property stocks are soaring in early trade amid reports that Beijing officials have signed off on sweeping measures aimed at…
[ad_1] By Maria Martinez Germany’s industrial production rose in September, beating expectations even as demand for goods moderated and factories grappled with high energy prices and supply bottlenecks. Total industrial…
[ad_1] A private gauge of China’s services-sector activity slipped further into contraction in October, reflecting the impact of stringent restrictions to curb Covid-19 outbreaks sweeping the country. The Caixin services…
[ad_1] By Joshua Kirby Fresenius SE & Co. KGaA has again cut its guidance for the year, foreseeing a sharper fall in earnings as macroeconomic pressures and a struggling North…
[ad_1] By Dominic Chopping STOCKHOLM–Electrolux AB said Friday that the group-wide cost reduction and North America turnaround program it launched during the quarter aims to cut over 7 billion Swedish…
[ad_1] By Ian Walker THG PLC on Tuesday reported a 2.1% rise in third-quarter revenue–which was boosted by beauty and nutrition, its two largest units–and backed its full-year guidance. The…
[ad_1] By Megumi Fujikawa Bank of Japan policy board member Seiji Adachi said Wednesday that the bank should continue its easy policy and needs to be careful about monetary tightening…
[ad_1] China’s economy “significantly improved” in the third quarter, a senior official with the state planner said on Monday, a day ahead of the official release of quarterly growth numbers.…
[ad_1] China’s central bank held its key policy rates steady on Monday, which may mean the same holding pattern for benchmark lending rates later this month. The People’s Bank of…
[ad_1] China’s industrial profits fell 2.1% in January-August, widening from the 1.1% drop recorded in the first seven months of the year, data from the National Bureau of Statistics bureau…
[ad_1] By Clarence Leong Holders of an onshore bond issued by China Evergrande Group have agreed to extend the interest repayment date by six months as the embattled property developer…
[ad_1] By Yifan Wang Tencent Music Entertainment Group made a muted debut in Hong Kong as the music-streaming platform became the latest U.S.-listed Chinese company to have its shares traded…
[ad_1] By Xavier Fontdegloria U.K. retail sales fell in August as a decline in households’ real incomes due to high inflation weighed on consumer spending. Retail sales volumes fell 1.6%…