AMSTERDAM (Reuters) – Dutch health technology company Philips said on Monday it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortages of parts is likely to persist in the coming months. Philips earlier this month warned supply chain woes would hit profits and a…
By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) -Indian grocery startups are luring tech-savvy customers with the promise of deliveries within 10 minutes, sparking a boom in “quick commerce”, but heating up concerns about road safety as bike riders scramble to meet tight deadlines. Competition is already intense in India’s $600-billion grocery retailing industry,…
TOKYO (AP) — Asian shares skidded Tuesday following a volatile day on Wall Street. Inflation-fighting measures from the Federal Reserve and the possibility of conflict between Russia and Ukraine are overhanging markets. Japan’s benchmark Nikkei 225 slipped 2.0% in morning trading to 27,027.23. Australia’s S&P/ASX 200 dropped 2.3% to 6,972.10. South Korea’s Kospi lost 2.1%…
SINGAPORE (Reuters) – Singapore’s key price gauge climbed in December by its fastest pace in nearly eight years, exceeding economist forecasts, driven by a steep increase in air fares, official data showed on Monday. The core inflation rate — the central bank’s favoured price measure – rose to 2.1% in December on a year-on-year basis,…
By Wayne Cole SYDNEY (Reuters) – Asian shares slipped on Monday as investors braced for a Federal Reserve meeting at which it is expected to confirm it will soon start draining the massive lake of liquidity that has supercharged growth stocks in recent years. Adding to the caution were concerns about a possible Russian attack…
By Yuka Obayashi TOKYO (Reuters) -Oil prices rose on Monday on worries about supply disruption amid rising tensions in Eastern Europe and the Middle East, which could make an already tight market even tighter, while OPEC and its allies continued to struggle to raise output. Brent crude futures rose 81 cents, or 0.9%, to $88.70…
HONG KONG (Reuters) -Shares of China Evergrande Group jumped more than 13% on Monday, a day after the embattled developer said it would appoint an official from a unit of state asset manager China Cinda Asset Management to its board. Evergrande’s assets are expected to be taken over by state-owned firms in a restructuring led…
By Wayne Cole SYDNEY (Reuters) – Asian share markets slipped on Monday as investors braced for a Federal Reserve meeting at which it is expected to confirm it will soon start draining the massive lake of liquidity that has supercharged growth stocks in recent years. Adding to the caution were concerns about a possible Russian…
CANBERRA, Australia (AP) — Australian Prime Minister Scott Morrison has lost control of his account on the Chinese-owned social media platform WeChat and a lawmaker on Monday accused China’s leaders of political interference. Morrison’s 76,000 WeChat followers were notified his page had been renamed “Australian Chinese new life” earlier this month and his photograph had…
(Reuters) -Activist investor Blackwells Capital LLC wants exercise equipment maker Peloton Interactive Inc. to fire its chief executive and consider selling itself to a fitness or technology company, two sources familiar with the matter said on Sunday. The pandemic turned Peloton which offers stationary bikes and treadmills with livestreamed workouts from popular instructors into one…
