Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Asia airlines brace for cost hit, slow return of Chinese fliers – industry execs
By Chen Lin SINGAPORE (Reuters) - Asia-Pacific airlines face headwinds from rising fuel prices and high inflation, industry executives said on Friday, adding to a downbeat outlook for a segment where ...
Nov 10, 2023
Hong Kong Q3 GDP expands 4.1% y/y, growth forecast revised lower
HONG KONG (Reuters) - Hong Kong's economy expanded 4.1% in the third quarter from a year earlier, the government said on Friday, adding that inbound tourism and private consumption would underpin grow...
Nov 10, 2023
Price wars during Chinese shopping fest expose consumer woes
By Sophie Yu and Casey Hall BEIJING (Reuters) - A ferocious price war among China's e-commerce retailers during the "Singles Day" shopping event is exposing further weakness in household consumption a...
Nov 10, 2023
European shares decline as Powell stamps out rate peak hopes
(Reuters) - European shares fell on Friday, hurt by higher bond yields, with comments from U.S. Federal Reserve chief Jerome Powell pouring cold water on investor optimism over a peak in interest rate...
Nov 10, 2023
Take Five: That rate cut trade
LONDON (Reuters) - Markets are keen to trade rate cuts and big central banks are pushing back, shining a new light on upcoming data in that tug of war. China continues to battle its property demons wh...
Nov 10, 2023
Diageo warns on first-half profit on muted LatAm, Caribbean performance
(Reuters) - Johnnie Walker whisky maker Diageo on Friday said it expected organic operating profit growth to decline in the first half of its current financial year due to "materially weaker" performa...
Nov 10, 2023
Invesco overweight on China, likes some Hong Kong REITs
By Anisha Sircar (Reuters) - Global asset manager Invesco is overweight on Chinese assets in its Asian funds and adding exposure to Hong Kong's beaten-down real estate sector where dividend yields are...
Nov 10, 2023
Allianz retains full-year outlook despite 30% slump in Q3 profit
FRANKFURT (Reuters) - Germany's Allianz on Friday posted a 30% fall in its third-quarter net profit, dragged down by claims from natural catastrophes, although the financial services company maintaine...
Nov 10, 2023
Japanese investors slow investments in overseas bonds and equities in Oct
(Reuters) - Japanese investments in foreign bonds and equities slowed in October, influenced by higher U.S. bond yields and a depreciating yen, data from Japan's Ministry of Finance showed. According ...
Nov 10, 2023
Cartier owner Richemont sees growth easing as economic worries rise
ZURICH (Reuters) -Luxury group Richemont reported weaker than expected earnings on Friday as the owner of Cartier jewellery said the rising cost of living, economic headwinds and geopolitical tensions...
Nov 10, 2023
