LONDON (Reuters) – The dollar slipped to a one-month low on Thursday after the U.S. Fed’s reassurance that interest rate hikes remain distant, its pullback offering a major boost to most other currencies from the Aussie dollar to the Chinese yuan.FILE PHOTO: A trader shows U.S. dollar notes at a currency exchange booth in Karachi, […]
SYDNEY (Reuters) – Asian shares managed a modest bounce on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus, though the mood was fragile as investors waited to see if Beijing could stem the recent rout in Chinese shares.FILE PHOTO: A Stock Exchange of Hong Kong (HKEX) logo in […]
SYDNEY (Reuters) – Asian shares managed a modest bounce on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus, though the mood was fragile as investors waited to see if Beijing could stem the recent rout in Chinese shares.FILE PHOTO: A Stock Exchange of Hong Kong (HKEX) logo in […]
The nostalgia train continues to chug along. A majority stake in Earth Origins, which owns the trademark for Earth Shoes, a staple of the ’70s, has been purchased by Windsong Global LLC and Hilco Brands. Terms of the transaction were not disclosed. Earth, which has a 50-year-plus history of manufacturing comfort footwear, is the latest […]
The PlayStation 5 has become Sony’s fastest ever selling games console, the Japanese electronics giant said. Sony said more than 10 million units had been sold by 18 July since the model’s launch on 12 November, even as it grapples with the impact of a global chip shortage. That means it has outpaced its predecessor […]
Walmart is parlaying its tech push into yet another avenue of business. The retailer said Wednesday that it will start offering cloud services and a number of other technologies to retailers operating on software company Adobe’s e-commerce platform. In doing so, the retailer said it is entering a “strategic partnership” with Adobe in order to […]
Google parent Alphabet shattered estimates for second-quarter earnings, reported Tuesday. Over the three months ending in June, the tech company raked in $61.88 billion, which is 62 percent growth over the $38.30 billion in the same quarter a year ago. The results trounced Wall Street estimates set out by Refinitiv, which expected $56.16 billion. Earnings […]
Travel bosses have hailed the loosening of COVID rules for US and EU travellers as a move that would “get global Britain back in business”. Shares in British Airways owner International Airlines Group rose more than 3% while there were also rises for easyJet, Ryanair, Tui and engine maker Rolls-Royce. Cruise operators Carnival and Saga […]
SHANGHAI (Reuters) – Investors have rushed to exit bets on China’s health sector this week, acting on a hunch that the regulatory scrutiny that sparked panic selling in the tech and education sectors might next hit the medical industry.FILE PHOTO: Investors look at computer screens showing stock information at a brokerage in Shanghai, China, August […]
(Reuters) – Mattel Inc on Tuesday reported a better-than-expected 40% jump in quarterly sales on robust demand for its Barbie and Hot Wheels brands, and said it expected healthy holiday season demand despite upcoming price hikes.Comic Con fans gather at the Mattel booth they participate in the opening preview night at Comic Con International in […]