By Ananya Mariam Rajesh, Granth Vanaik and Arriana McLymore (Reuters) -Amazon.com’s Prime Day two-day shopping event saw U.S. online sales rise nearly 6% to $6.4 billion from a year ago on its first day, as heavy discounts lured bargain-hunting customers who splurged on appliances and toys, Adobe Analytics data on Wednesday showed. U.S. shoppers have…
(Reuters) -Carlyle Group Inc and Trustar Capital are planning to raise $4 billion from wealth funds to buy part of their stakes in McDonald’s Corp operations in Hong Kong and mainland China, Bloomberg News reported. The move would provide a partial exit for the buyout firms after they bought the business six years ago, according…
BEIJING (Reuters) – China and the Association of Southeast Asian Nations (ASEAN) are pushing ahead with talks on a third version of a free trade agreement at an ASEAN summit in the Indonesian capital of Jakarta, China’s top diplomat Wang Yi said on Thursday. Wang, who was attending the forum with foreign ministers from several…
By Naomi Rovnick, Marc Jones and Alun John LONDON (Reuters) – It was not meant to be this way. The big trades championed at the start of 2023 look redundant thanks to AI mania in stock markets, and long-predicted recessions that were supposed to fire up fixed income have proved elusive. Slowing growth was meant…
By Lewis Krauskopf NEW YORK (Reuters) -As U.S. inflation cools and growth remains resilient, bullish investors are counting on the upcoming earnings season to provide more fuel for a rally that has taken stocks to their highest levels in months. Wednesday’s closely-watched inflation report showed consumer prices increasing in June at their slowest annual pace…
By Laura Matthews NEW YORK (Reuters) – Large companies are spreading out their counterparty risk and increasing screening of their banking partners in response to the recent banking crisis that has been a “wake-up call”, according to an industry survey to be released on Thursday. Worried that possible future bank failures could leave them unable…
(This story has been refiled to remove the extraneous word ‘valuation’ in paragraph 1) By Abigail Summerville and Krystal Hu (Reuters) – Investment firm Wellington Management is in talks to lead a new funding round for Skims, which could value the underwear clothing company owned by Kim Kardashian at about $4 billion, according to people…
By James Pomfret and Jessie Pang (Reuters) -For Anna Kwok, a Washington-based Hong Kong activist, the imposition of a Hong Kong police bounty for her arrest has underscored the urgency of her bid for political asylum at a time of growing tensions between the United States and China. The Hong Kong native, who left the…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets could not be in better spirits going into the latest South Korean interest rate decision and Chinese trade data on Thursday, thanks to the dollar’s slump and global market rally on Wednesday sparked…
By Steve Holland, Andrew Gray, John Irish and Sabine Siebold VILNIUS (Reuters) -President Joe Biden accused Russian President Vladimir Putin of having a “craven lust for land and power” at the end of a NATO summit on Wednesday where Ukraine won new security assurances from the U.S. and its allies for its defence against Moscow….
