A look at the day ahead in European and global markets from Anshuman Daga: Enthusiasm over recent moves by Chinese authorities to adjust the country’s zero-COVID policy is giving way to renewed caution as COVID cases ticked up in Beijing, stoking a risk-off mood in stocks and currencies, while oil prices hit two-month lows. We…
BURBANK, Calif. (AP) — Bob Iger, the enterprising entertainment executive who brought Star Wars, Pixar and Marvel under the Disney marquee and challenged the streaming dominance of Netflix, will replace his handpicked successor, CEO Bob Chapek, whose two-year tenure has been marked by clashes, missteps and a weakening financial performance. The stunning development comes two…
By Wayne Cole SYDNEY (Reuters) – Asian share markets and oil prices slipped on Monday as investors fretted about the economic fallout from fresh COVID-19 restrictions in China, with resulting risk aversion benefiting bonds and the dollar. Beijing’s most populous district urged residents to stay at home on Monday as the city’s COVID case numbers…
BEIJING (AP) — Asian stock markets sank Monday after Wall Street ended with a loss for the week amid anxiety about Federal Reserve plans for more interest rate hikes to cool inflation. Hong Kong’s benchmark fell more than than 3%. Shanghai, Tokyo and Sydney also retreated. Oil prices declined. All the major U.S. stock indexes…
LOS ANGELES (Reuters) -Former Walt Disney Co Chief Executive Bob Iger is returning to the media company as CEO, the company’s board said in a statement on Sunday. Iger, who retired from Disney at the end of last year after 15 years as chief executive, has agreed to serve as CEO for two more years,…
By David Kirton SHENZHEN (Reuters) – Growing up in a Chinese village, Julian Zhu only saw his father a few times a year when he returned for holidays from his exhausting job in a textile mill in southern Guangdong province. For his father’s generation, factory work was a lifeline out of rural poverty. For Zhu,…
By Wayne Cole SYDNEY (Reuters) – Asian share markets turned hesitant on Monday as investors fretted about the economic fallout from fresh COVID-19 restrictions in China, while bonds and the dollar braced for more updates on U.S. monetary policy. Beijing’s most populous district urged residents to stay at home on Monday as the city’s COVID…
By Ju-min Park SEOUL (Reuters) – In an upscale Seoul neighbourhood two years ago, a white Tesla Model X smashed into a parking lot wall. The fiery crash killed a prominent lawyer – a close friend of South Korea’s president. Prosecutors have charged the driver with involuntary manslaughter. He blames Tesla. Choi Woan-jong, who…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Reports of the dollar’s decline may have been greatly exaggerated, and if that turns out to be the case, it’s bad news for Asia. World stocks have rebounded strongly, bond yields and the dollar have fallen, and financial…
WASHINGTON (Reuters) -The Inter-American Development Bank (IDB) said on Sunday its board of governors has elected Brazil’s Ilan Goldfajn as president of the financial institution, after Mauricio Claver-Carone, the first American to lead it, was ousted over ethics violations. Five countries – Argentina, Trinidad and Tobago, Mexico, Brazil and Chile – had nominated candidates to…
