A look at the day ahead in European and global markets from Anshuman Daga: The strong start to equity markets this year has got bulls excited but markets know it’s better to be well behaved before Federal Reserve Chair Jerome Powell speaks. Asian stocks edged lower on Tuesday after recent gains even as Asian tourism-focused…
DoorDash defied an overall slowdown in U.S. restaurant delivery in the third quarter, saying its orders jumped 27% as it expanded overseas and added new grocery and retail offerings. The San Francisco-based delivery company reported 439 million orders in the July-September period. That was higher than the 433 million Wall Street forecast, according to analysts…
By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Friday dismissed a former Barclays Plc trader’s whistleblower lawsuit accusing the British bank of firing him after he complained it ignored basic risk management and violated its own policies for detecting rogue trading. U.S. District Judge Paul Oetken in Manhattan said Brian La Belle, who…
CIUDAD JUAREZ, Mexico (Reuters) – Hundreds of migrants gathered alongside the U.S. border in the northern Mexican city of Ciudad Juarez late on Monday, after false rumors spread via social media and word-of-mouth that the U.S. would allow entry to a mass group. Some said they had been waiting weeks to secure appointments to request…
SHANGHAI (Reuters) – The China Association of Auto Manufacturers (CAAM), citing antitrust law, on Saturday retracted a pledge to avoid “abnormal pricing” made two days earlier by 16 automakers, including Tesla.. Thursday’s CAAM-organised pledge by the companies, including Chinese electric vehicle (EV) makers Nio, Li Auto and Xpeng, had been interpreted by some as signalling…
By Arshad Mohammed and Kanishka Singh WASHINGTON (Reuters) -China’s ambassador to the United States thanked Elon Musk for proposing a special administration zone for Taiwan, while Taiwan’s de facto ambassador to Washington reprimanded the billionaire saying its “freedom and democracy are not for sale.” “Taiwan sells many products, but our freedom and democracy are not…
PARIS (Reuters) – French defence and technology group Thales plans to hire 12,000 new staff this year as there is strong demand across its product range, CEO Patrice Caine said in an interview with French weekly Le Journal du Dimanche. He said that over the past eight years Thales, which has total staff of 80,000…
By Stefanno Sulaiman and Orathai Sriring (Reuters) – From export bans to price controls, governments in Asia are taking a much more targeted approach than their Western counterparts in curbing global inflationary pressure, a strategy that appears to be working at least for now. While inflation remains a serious economic challenge in Asia, the measures…
By John Kruzel and Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court on Friday turned away a dispute involving a transgender woman whose former jailers housed her with men and delayed her hormone treatment in a case that asked whether gender dysphoria is a disability under federal law. The justices rejected an appeal by a…
LONDON (Reuters) – Global rules would allow central bank digital currencies to operate smoothly cross-border and speed up wholesale payments, a think tank backed by the City of London Corporation said on Friday. Most central banks, including the Federal Reserve, the Bank of England and the European Central Bank, are studying the potential launch of…
