By Echo Wang and Anirban Sen NEW YORK (Reuters) – China-founded online retailer Shein is working with at least three investment banks about a potential U.S. initial public offering, and has been in talks with the New York Stock Exchange and Nasdaq, people familiar with the matter said. Goldman Sachs, Morgan Stanley and JPMorgan Chase…
(Reuters) -The June 29 story on Shein has been withdrawn because it incorrectly stated that the China-founded online retailer had registered with U.S. regulators for an initial public offering. A new story will follow. STORY_NUMBER: L1N38L1WF STORY_DATE: 29/06/2023 STORY_TIME: 1830 GMT
By Joanna Plucinska and Tim Hepher FILTON, England (Reuters) – Airbus is stepping up testing of radical new wing technology as the planemaker lays the foundation for a future successor to its best-selling A320 series, but faces a battle to bring down costs. British Industry Minister Nusrat Ghani inaugurated a wing technology plant in southwest…
By Alexander Hübner MUNICH (Reuters) – Up to half of the 100 billion euro ($109 billion) special fund set up to modernize the German military will likely go to U.S. defence companies, a leading tank gear box maker said, accusing Berlin of lacking a strategy for its defence industry. “I don’t believe that much of…
By Naomi Rovnick and Xie Yu LONDON/HONG KONG (Reuters) – Global stocks held steady on Tuesday, as investors balanced the inflationary force of rising oil prices with hopes that central banks would not over-tighten monetary policy into a potential recession. MSCI’s broadest index of world stocks, which rose almost 6% last month as the U.S….
By Harry Robertson and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The dollar fell against the yen on Tuesday as markets remained on high alert for signs of Japanese intervention, but the broader market was placid with U.S. traders off for a public holiday. The greenback was down 0.28% at 1340 GMT to 144.26 yen, after rising…
By Kanishka Singh WASHINGTON (Reuters) – U.S. President Joe Biden on Tuesday welcomed NATO’s decision to extend Secretary General Jens Stoltenberg’s term by a further year, opting to stick with an experienced leader as war continues to rage on the alliance’s doorstep rather than try to agree on a successor. Stoltenberg, a former prime minister…
By Kanishka Singh and Shivani Tanna (Reuters) -At least three people were killed and eight wounded in a mass shooting in Fort Worth, Texas, after a local festival, officials said on Tuesday, in the latest incident of gun violence around the Fourth of July holiday. The shooting took place just before midnight on Monday in…
By Emma Farge GENEVA (Reuters) -U.N. aid agencies on Tuesday voiced alarm at the scale of the ongoing Israeli military operation in the West Bank town of Jenin, where 10 Palestinians have been killed, saying there were restrictions on medical access. The operation, which involved drone strikes and hundreds of troops and was one of…
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The world’s major central banks delivered in June the biggest number of monthly interest rate hikes year-to-date, surprising markets and flagging more tightening ahead as policy makers grapple to get the upper hand in their battle against inflation. Seven of the nine central banks overseeing the…
