A look at the day ahead in European and global markets from Rae Wee Global investors can’t wait to be done and dusted with August and usher in the new month with a bang, one that’s all but[...]
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August 30, 2024
Uber CEO says growth in South Korea promising despite underdog status
SEOUL (Reuters) – Uber Technologies Inc’s CEO on Friday expressed commitment to the South Korean market, where it is an underdog to local tech group Kakao, and said the platform will attra[...]
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Hedge funds may lose billions from Temu owner PDD’s stock crash
By Summer Zhen HONG KONG (Reuters) – Concentrated bets on popular Chinese e-commerce giant PDD Holdings may have led to losses in billions of dollars for hedge funds from a crash in its shares f[...]
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Australian retail sales lose steam as tax cuts fail to excite shoppers
By Stella Qiu SYDNEY (Reuters) -Australian retail sales were flat in July after two months of upbeat results, showing large-scale tax cuts were yet to boost spending and firming expectations the next[...]
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Sterling’s stunning rally keeps twitchy currency markets on edge
By Naomi Rovnick LONDON (Reuters) -Sterling has hit roughly 2-1/2 years highs against the dollar and is flying high versus the euro, in moves analysts warn are underpinned by speculative interest rate[...]
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Australia’s Star Entertainment halts trading to assess impact of regulatory findings
(Reuters) – Star Entertainment said on Friday its Australia-listed shares were halted from trading for the casino operator to digest the fallout from a scathing report on its corporate culture a[...]
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Core inflation in Japan’s capital perks up, backs case for BOJ hikes
By Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) -Core inflation in Japan’s capital accelerated for a fourth straight month in August, data showed on Friday, tracking comfortably above th[...]
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