Britain’s Tesco Outperforms Rivals Over Christmas
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, outperformed its major rivals over Christmas, achieving its highest grocery…
Carlyle Buys $510 Million Stake In Logistics Arm From Hyundai Motor Group Owner Family Members
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -Private equity giant Carlyle Group bought a 10% stake in logistics company…
Samsung Likely To Report Best Q4 Profit On Solid Chip Demand
By Joyce Lee SEOUL (Reuters) – Samsung Electronics Co Ltd is likely to post a record fourth-quarter profit thanks to…
HSBC China Brokerage Joint Venture Partner Selling 39% Stake
HONG KONG (Reuters) – HSBC Holdings PLC’s China securities brokerage joint venture partner is selling most of its equity ownership,…
Stock Market Optimism Falters; Higher U.S. Yields Hit Tech Stocks
LONDON (Reuters) – The optimism with which markets started the year showed signs of waning on Wednesday, with European stock…
StanChart Splits Hong Kong Workforce On Concerns About New COVID-19 Outbreak
HONG KONG (Reuters) – Standard Chartered Plc has started operating in split teams in Hong Kong, a bank spokesperson said…
Volvo Cars Reports 18% Sales Drop In December
STOCKHOLM (Reuters) – Volvo Car Group’s monthly sales fell 18.1% in December from a year ago, the Sweden-based automaker said…
Marketmind: Party Over Before It Gets Started
A look at the day ahead from Dhara Ranasinghe. The euphoria seen in world stock markets in the first two…
China Drafts Rules On Security Reviews For Apps Influencing Public Opinion
SHANGHAI (Reuters) -China’s cyber regulatory body issued on Wednesday draft rules governing mobile apps, including a requirement for security reviews…
China’s Market Regulator Fines Alibaba, Tencent For Failing To Report Deals
SHANGHAI (Reuters) – China’s top market regulator said on Wednesday it has fined units of Alibaba Group Holding Ltd, Tencent…