The pan-European Stoxx 600 slid 0.1% below the flatline in early trade, with autos adding 0.8% while basic resources slid 0.8%. Investors in Europe are awaiting the ECB’s latest interest rate decision as well as monetary policy statement at around 12:45 p.m. London time. Market watchers believe the central bank could fine-tune its policies this […]
Ireland’s data protection watchdog, the DPC, has sent Facebook a preliminary order to suspend data transfers from the EU to the US, the Wall Street Journal reports, citing people familiar with the matter and including a confirmation from Facebook’s VP of global affairs, Nick Clegg. The preliminary suspension order follows a landmark ruling by Europe’s […]
A sell-off in shares of US technology firms has continued for a third day, dragging down all three major American stock indexes more than 2%. Apple was the biggest loser on the Dow, falling more than 6.7%. Amazon and Facebook also dropped at least 4%. The sharp downturn follows the huge gains earlier in 2020 […]
European Union farmers are increasingly turning away from sugar, potentially leaving the region more reliant on imports. Growers reduced plantings in recent seasons as ample global supply kept prices historically low and poor weather conditions hurt sowings, while a disease that ravaged this year’s crop also curbed output. Those frustrations are expected to further deter […]
It’s been a nightmare 2020 for investors in Boeing (NYSE:BA), with shares down nearly 50% since the start of the year on manufacturing woes and pandemic-related issues. The story took another turn for the worse this week with fresh questions being raised about Boeing’s 787 Dreamliner manufacturing quality. For investors betting on a quick turnaround, […]
U.S. Customs and Border Protection officials have prepared orders to block imports of cotton and tomato products from China’s western region of Xinjiang over accusations of forced labor, though a formal announcement has been delayed. A Trump administration announcement, initially expected on Tuesday, has been put off until later this week because of “scheduling issues,” […]
Three mainland Chinese firms entered the Hang Seng Index (HSI) on Monday in a landmark step that reflects the growing dominance of Chinese technology companies on Hong Kong’s stock market. The 51-year-old index added e-commerce giant Alibaba Group, electronics and smartphone maker Xiaomi Corporation, and biotechnology firm Wuxi Biologics as constituents. The move gives more […]
A report that SoftBank Group Corp. is making billions by using options to bet on technology stocks has stirred speculation the Japanese conglomerate could have been a driving force behind the rally — but not everyone is convinced. Evidence suggests the kind of strategies pursued by institutions like SoftBank have a minimal effect on stock-market […]
Hong Kong and China stocks retreated at the lunch break on Tuesday, with US President Donald Trump’s latest threats to scale back economic ties between the United States and China, and a correction in technology stocks weighing on market sentiment. The Hang Seng Index fell 0.6 per cent to 24,450.24, while the CSI300 index, which […]
China’s dollar-denominated exports beat expectations to rise 9.5% for the month of August from a year ago, data from the country’s General Administration of Customs showed on Monday. Meanwhile, China’s dollar-denominated imports in August fell 2.1% from a year ago. Economists polled by Reuters had expected exports to have climbed 7.1% in August from a […]
Oil prices were trading down more than 1% on Monday after hitting their lowest since July, as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months and optimism about demand recovery cooled amid the pandemic. Brent crude was at $42.11 a barrel, down 55 cents or 1.3% by 0642 […]
Amazon says it has banned foreign sales of seeds in the US after thousands of Americans received unsolicited packets of seeds in the mail, most from China. The online retail giant told the BBC that it will now only allow the sale of seeds by sellers based in the US. US officials said gardeners should […]
