WARSAW (Reuters) – Poles will vote on whether they support the privatisation of state companies, Poland’s ruling party leader said on Friday, as he announced the first question in a number of referendums likely to be held on the same day as parliamentary elections. Ruling nationalists Law and Justice (PiS) had initially said they would…
By Carolina Mandl NEW YORK (Reuters) -Global long/short hedge funds, those that bet stocks will fall or rise, were forced to unwind bearish bets that were dragging down performance in July, a Goldman Sachs report showed on Monday. Long/short funds are on track to post the worst monthly so-called alpha performance since May 2022, which…
(This April 27 story has been corrected to clarify that the statement is attributed to FMC commissioner, not the Commission, in paragraph 15) By Francesco Guarascio and Khanh Vu HANOI (Reuters) – Tighter U.S. rules to ban imports from China’s Xinjiang are compounding pressure on Vietnam’s apparel and footwear makers, hitting a sector that has…
By David Shepardson WASHINGTON (Reuters) -Starbucks Corp Chief Executive Howard Schultz declined an invitation from 11 senators to testify on March 9 on the coffee company’s compliance with federal labor law, according to a letter seen by Reuters late on Tuesday. Last week, U.S. Senator Bernie Sanders, who chairs a committee on labor issues, and…
BEIJING (Reuters) – Chinese consumers clutched their wallets tight in this year’s Singles Day and continued seeking relatively economical home brands over pricier expensive labels, as strict COVID-19 curbs and economic uncertainty weighed on the shopping extravaganza. From the evening of Oct. 31 through Thursday, more than 2,000 items generated sales exceeding 10 million yuan…
By Sam Nussey TOKYO (Reuters) – Japan’s SoftBank Group Corp said on Wednesday there was no link between Alibaba registering a U.S. share facility and any specific plans to sell down its stake in the Chinese e-commerce giant. SoftBank’s shares jumped almost 6% in Tokyo, while Alibaba’s Hong Kong-listed shares were up almost 7%. “The…
By Shrivathsa Sridhar PARIS (Reuters) – Aryna Sabalenka said she understood Marta Kostyuk’s decision to skip customary post-match handshakes with Russian and Belarusian players following Moscow’s invasion of her country Ukraine but the player did not deserve jeers from the French Open crowd. Booing and jeering could be heard from the thin Court Philippe Chatrier…
OSLO (Reuters) -The sale of electric cars in Norway rose last year by 48%, ensuring that almost two out of every three new automobiles were battery powered and making Texas-based Tesla Inc the top selling brand. Seeking to become the first nation to end the sale of petrol and diesel cars by 2025, oil-producing Norway…
By Deborah Mary Sophia (Reuters) -Canada Goose Holdings Inc on Thursday struck a cautious note on its business in the United States as luxury spending cooled in the market, overshadowing an upbeat annual sales forecast driven by a recovery in China and sending its shares down about 11%. A reversal in the strict COVID-19 policies…
By Lewis Krauskopf NEW YORK (Reuters) – A tough year in markets is leading some investors to seek refuge in cash, as they capitalize on higher interest rates and await chances to buy stocks and bonds at cheaper prices. The Federal Reserve has roiled markets in 2022 as it implements huge rate hikes in an…
