By Huw Jones LONDON (Reuters) – European stocks fell on Thursday as cautious investors continued to assess how far and fast the U.S. Federal Reserve will begin raising interest rates this year. Also keeping a lid on risk taking were the tech-laden U.S. Nasdaq entering correction territory on Wednesday, a sell-off in bonds, still elevated…
(Reuters) – Shares in consumer goods giant Unilever inched roughly 2% higher on Thursday after it said late on Wednesday it would not raise its rejected 50 billion pound ($68 billion) offer for GlaxoSmithKline’s consumer healthcare business. Shares in GSK fell 1.5% after Unilever effectively ended its pursuit of a business that the pharmaceuticals company…
By Jeffrey Dastin (Reuters) – Amazon.com Inc’s recipe for the department store of the future includes algorithmic recommendations and what one corporate director called “a magic closet” in the fitting room. The online retailer is making another push to grow its fashion business, announcing on Thursday it will open its first-ever apparel store this year,…
At some of the world’s most sensitive spots, authorities have installed security screening devices made by a single Chinese company with deep ties to China’s military and the highest levels of the ruling Communist Party. The World Economic Forum in Davos. Europe’s largest ports. Airports from Amsterdam to Athens. NATO’s borders with Russia. All depend…
NEW YORK (AP) — Amazon says it plans to open a clothing store in a Southern California mall later this year, a first for the online behemoth and a fresh challenge for already struggling traditional retailers. Amazon said Thursday that the store, which will sell women’s and men’s clothing as well as shoes and other…
By Alexandra Alper and Andrea Shalal WASHINGTON (Reuters) -President Joe Biden on Wednesday said it was too soon to make commitments on lifting U.S. tariffs on Chinese goods, but his chief trade negotiator Katherine Tai was working on the issue. “I’d like to be able to be in a position where I could say they’re…
TOKYO (AP) — Japan’s exports and imports both reached record highs in December, largely because of surging oil prices and a weaker yen, the government said Thursday. Japan’s imports last month surged 41% from the same month a year earlier. Exports rose 17.5% from the previous year, on stronger shipments of autos and computer chips….
By Anshuman Daga SINGAPORE (Reuters) -A small blank-check firm backed by state investor Temasek made its Singapore debut on Thursday, marking the first such local listing as Singapore steps up a drive to emerge as a key venue for listings of this type. This came four months after Singapore Exchange allowed special purpose acquisition companies…
By Andrew Galbraith SHANGHAI (Reuters) – Asian share markets broke a five-day slide, pushing higher on Thursday as China underscored its diverging monetary and economic picture by cutting benchmark mortgage rates. The rise was set to continue in Europe, where strong earnings helped to support gains a day earlier. In early deals, pan-region Euro Stoxx…
BANGKOK (AP) — Shares were lower in Asia on Friday after a late afternoon sell-off wiped out gains for stocks on Wall Street. Tokyo fell 1.4% after Toyota Motor Corp. announced production cuts due to parts shortages. Other major regional markets also fell. Oil prices slipped, with the U.S. benchmark crude down as much as…
