Monday, 6 May 2024

Business

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Asia stocks stay judgment on trade talks, euro pressured

SYDNEY (Reuters) – Asian shares crept higher on Wednesday as the prospect of fresh Sino-U.S. trade talks drew a guarded welcome, while the euro hit lows on a range of counterparts amid speculation the European Central Bank was near to easing policy. Sentiment had been helped by a Bloomberg report that U.S. Trade Representative Robert […]

US to probe whether tech giants stifle competition

The US department of justice has launched a review of whether “market-leading online platforms” are behaving in a way which reduces competition, stifles innovation or harms consumers. It did not name specific companies but said the review would consider concerns about “search, social media, and some retail services online” – an apparent reference to the […]

Asia stocks cautious on trade talks; euro under pressure

SYDNEY (Reuters) – Asian shares nudged higher on Wednesday amid hints of progress in the Sino-U.S. trade saga, while the dollar hit two-month highs on the euro as investors wagered on a dovish outcome from the European Central Bank’s coming policy meeting. Sentiment had been helped by a Bloomberg report that U.S. Trade Representative Robert […]

Grade A office rents in S'pore CBD hit 10-year high: Colliers

Grade A office rents in the Central Business District (CBD) have risen for the eighth straight quarter to hit a 10-year high. They came in at $9.93 per square foot per month (psf pm) for the three months to June 30, up 12.6 per cent from the same period last year, according to Colliers International. […]

Earnings and trade optimism push Wall St. toward record high

(Reuters) – The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies and on optimism the United States would resolve its trade conflict with China. Stocks extended gains late in the session after Bloomberg reported that U.S. Trade Representative Robert Lighthizer would travel to Shanghai […]

UPS launches drone business, seeks to certify multiple pilots

LOS ANGELES (Reuters) – United Parcel Service Inc (UPS.N), the world’s largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business. The launch of UPS Flight Forward marks the latest move in the battle between UPS, Amazon.com Inc […]

Earnings and trade optimism push Wall St. toward record high

(Reuters) – The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies and on optimism the United States would resolve its trade conflict with China. Stocks extended gains late in the session after Bloomberg reported that U.S. Trade Representative Robert Lighthizer would travel to Shanghai […]

Futures rise after better-than-expected earnings

(Reuters) – U.S. stock index futures inched higher on Tuesday lifted by a batch of largely upbeat earnings reports from companies including Coca-Cola and United Technologies, that soothed concerns over the pace of economic growth. Second-quarter earnings last week were mixed, but last 24 hours have seen investors react positively to a series of releases, […]

Hasbro results beat on higher demand for 'Avengers: Endgame' toys

(Reuters) – Toymaker Hasbro Inc (HAS.O) beat estimates for quarterly results on Tuesday, boosted by higher demand for action toys following the success of “Avengers: Endgame” and Magic: The Gathering collectible card game. Disney’s “Avengers: Endgame”, the end of a decade-long superhero series featuring Iron Man, Hulk and other popular comic book superheroes, claimed the […]