By Noel Randewich, Carolina Mandl and Stephen Culp (Reuters) – A tumble in the heavyweight stocks that have powered markets higher this year is highlighting Wall Street’s vulnerability to[...]
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July 25, 2024
Corona Cero’s Olympic bet ramps up rivalry in zero-alcohol beer
By Emma Rumney LONDON (Reuters) – Anheuser-Busch InBev is betting on Olympic sponsorship to help its new Corona Cero brew become a top-selling zero-alcohol beer globally, but it will need to cat[...]
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Japan’s novel FX intervention throws off investors
By Amanda Cooper and Brigid Riley LONDON/TOKYO (Reuters) -Japanese official buying to defend the yen is fast becoming a standard feature of the FX landscape in 2024, but authorities in Tokyo have swit[...]
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LGES cuts sales target on weak EV demand, flags US election risk
By Heekyong Yang and Jihoon Lee SEOUL (Reuters) – South Korean battery maker LG Energy Solution (LGES) said on Thursday its revenue would plunge more than 20% this year and that it would ease ca[...]
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Morning Bid: Stock rout spreads beyond tech
A look at the day ahead in European and global markets from Kevin Buckland The global equity sell-off looks set to extend into Europe on Thursday although the region may be spared the carnage in parts[...]
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Market analysts react to surprise rate cut in China
(Reuters) – China surprised financial markets with an off-cycle cut to bank funding costs on Thursday. Stocks fell and bonds rallied after the announcement of a 20 basis point reduction in the o[...]
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Japan govt maintains economic assessment, downgrades view on exports
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s government on Thursday maintained its assessment on the economy but offered a bleaker view than last month on exports due to the fallout from[...]
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Thailand car production drops sharply in June, local sales fall
BANGKOK (Reuters) – Car production in Thailand fell 20.11% in June from a year earlier due to tighter financing rules and high consumer debt, and full-year production is now expected to be lower[...]
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China central bank surprises by lending again at lower rates
SHANGHAI (Reuters) – China’s central bank surprised markets for a second time this week by conducting an unscheduled lending operation on Thursday at steeply lower rates, suggesting author[...]
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