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Month: November 2024

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Starbucks considers selling stake in China business- Bloomberg
Posted inStock

Starbucks considers selling stake in China business- Bloomberg

Investing.com– Starbucks Corporation (NASDAQ:SBUX) is considering options for its China business, including a potential stake sale, as it attempts to revitalize sales and restore investor faith under new CEO Brian Niccol,…
Posted by November 21, 2024
GQG Partners’ stock plunges over 20% on US bribe, fraud charges against India’s Adani
Posted inStock

GQG Partners’ stock plunges over 20% on US bribe, fraud charges against India’s Adani

(Reuters) – GQG Partners, which has a near 20% stake in India’s Adani Group, saw its Australia-listed shares plunge 23% on Thursday after Gautam Adani, the conglomerate’s chair, was indicted…
Posted by November 21, 2024
Analysis-Korea Zinc takeover battle tests Seoul’s resolve on tackling ‘Korea discount’
Posted inStock

Analysis-Korea Zinc takeover battle tests Seoul’s resolve on tackling ‘Korea discount’

By Hyunjoo Jin, Cynthia Kim and Kane Wu SEOUL (Reuters) -A takeover battle over Korea Zinc is adding pressure on Seoul to pass legislative reforms to ensure better protections for…
Posted by November 21, 2024
ECB policymaker says Trump tariff hikes won’t shift Europe’s inflation outlook
Posted inEconomy

ECB policymaker says Trump tariff hikes won’t shift Europe’s inflation outlook

TOKYO (Reuters) – Tariff hikes under the new Trump administration do not shift the inflation outlook in Europe, ECB policymaker Francois Villeroy de Galhau said on Thursday, urging the European…
Posted by November 21, 2024
India’s Adani Group sees $30 billion in value wiped off after US indictments
Posted inEconomy

India’s Adani Group sees $30 billion in value wiped off after US indictments

By Sethuraman N R and Bharath Rajeswaran (Reuters) -Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after U.S. prosecutors charged the…
Posted by November 21, 2024
Flour millers face supply crunch as wheat farmers tighten grip on stocks
Posted inEconomy

Flour millers face supply crunch as wheat farmers tighten grip on stocks

By Naveen Thukral and Renee Hickman SINGAPORE/CHICAGO (Reuters) – Wheat growers in several exporting countries are reluctant to sell their crops with prices near four-year lows, traders, farmers and millers…
Posted by November 21, 2024
Morning Bid: Nvidia disappoints, bitcoin nears $100K
Posted inEconomy

Morning Bid: Nvidia disappoints, bitcoin nears $100K

A look at the day ahead in European and global markets from Ankur Banerjee The prospect of slowing sales growth at AI juggernaut Nvidia (NASDAQ:NVDA) and simmering worries over geopolitical…
Posted by November 21, 2024
BOJ’s Ueda warns AI could bring new financial stability risks
Posted inEconomy

BOJ’s Ueda warns AI could bring new financial stability risks

By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Thursday central banks must be mindful that technological advances, such as in the area of artificial intelligence…
Posted by November 21, 2024
Exclusive-China advisers call for steady 5% 2025 economic growth goal, stronger stimulus
Posted inEconomy

Exclusive-China advisers call for steady 5% 2025 economic growth goal, stronger stimulus

By Kevin Yao BEIJING (Reuters) – Chinese government advisers are recommending that Beijing should maintain an economic growth target of around 5.0% for next year, pushing for stronger fiscal stimulus…
Posted by November 21, 2024
Thai economy to grow 2.7% this year, beat 2025 forecast, PM says
Posted inEconomy

Thai economy to grow 2.7% this year, beat 2025 forecast, PM says

BANGKOK (Reuters) – Thailand’s economy is expected to grow 2.7% this year, helped by an anticipated annual rise of 28% in foreign visitors to 36 million, Prime Minister Paetongtarn Shinawatra…
Posted by November 21, 2024

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