Author: Press Room
CLNKraneShares Key News Asian equity markets were mixed on light volumes as Nvidia’s earnings results and the company’s mention of US government restrictions on chip exports weighed on tech stocks in the region. One should assume that the stockpiling of chips has been occurring, which could diminish future sales in my opinion. Amazing the non-reaction/yawn for Nvidia on US government restrictions while Alibaba’s mention of chip restrictions pummeled the stock. Trip.com’s US ADR fell -10.61% yesterday after releasing Q3 financial results in line with expectations once the Hong Kong market had closed. Given the same Q3 financial results, Trip.com’s HK…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An escalating strike against Tesla by a group of Swedish unions has been branded “insane” by Elon Musk as the industrial action threatens to disrupt the US carmaker’s operations in other parts of Europe.About 130 mechanics in Sweden, who belong to the IF Metall union and service the electric cars, went on strike last month after Tesla turned down their request for collective bargaining.Dockworkers and car dealers have since refused to work with the brand, in sympathy strikes that threaten to harm…
WELLINGTON – New Zealand’s retail sector displayed unexpected stability in the third quarter of 2023, with official figures showing no change in overall retail sales compared to the previous quarter, countering analysts’ predictions of a 0.8% decline. This flat growth rate comes despite varying performance across different segments, according to data released today. Stats NZ provided a detailed breakdown of the quarter’s retail activity, highlighting several areas of growth that bolstered the sector against weaker spots. Notably, clothing sales saw a significant uptick of 4%, and food services enjoyed an increase of 1.9%. Supermarket and grocery store revenues also rose…
5/5 © Reuters. FILE PHOTO: Workers work at an empty Kentucky Fried Chicken (KFC) restaurant as a result of the boycott of Western brands in Egypt due to the Israeli bombardment in Gaza amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, i 2/5 By Farah Saafan and Suleiman Al-Khalidi CAIRO (Reuters) -On a recent evening in Cairo, a worker cleaned tables in an empty McDonald’s restaurant. Branches of other Western fast-food chains in the Egyptian capital also appeared deserted. All have been hit by a largely spontaneous, grassroots boycott campaign over Israel’s military offensive in the…
Thursday witnessed silver prices inching up to close at $23.82 in a session marked by low trading volumes but maintaining weekly highs. Market participants are closely monitoring the precious metal as it approaches key resistance levels, with the immediate focus on the $24 mark and a further eye on June’s peak of $24.52. As trading resumed in Japan and US markets on Friday, silver prices showed little change, hovering close to a potential breakout over the $24 threshold. Should this level be breached, the next targets for silver bulls are set at June’s high, followed by a significant psychological barrier…
Read this article for free! Plus get unlimited access to thousands of articles, videos and more with your free account! Please enter a valid email address. By entering your email, you are agreeing to Fox News Terms of Service and Privacy Policy, which includes our Notice of Financial Incentive. To access the content, check your email and follow the instructions provided. Taxpayers are paying for transgender inmates in U.S. prisons to transition to another gender if a medical assessment deems it necessary, according to a June Federal Bureau of Prisons (BOP) memo obtained by the Heritage Foundation’s Oversight Project.The memo,…
A Finnish company made a huge mistake in an electricity bid, offering way more power than it had.This mistake drove Friday electricity prices down to negative €203 per megawatt-hour.Finns could actually be paid to use electricity on Friday because of the extremely low prices. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A jaw-dropping blunder in Finland’s electricity market temporarily sent prices into chaos today — and could result in Finns actually being paid to use electricity.Finnish energy company Kinect Energy admitted it accidentally…
Stay informed with free updatesSimply sign up to the Global Economy myFT Digest — delivered directly to your inbox.This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morningGood morning.A temporary ceasefire and hostage release deal between Israel and Hamas will take effect on Friday, Qatar’s foreign ministry has said.The ceasefire, which was supposed to take effect on Thursday morning but was delayed by a day, will begin at 7am local time on Friday and the first hostages will be released…
© Reuters. FILE PHOTO: The facade of Argentina’s Central Bank is pictured, in downtown Buenos Aires, Argentina September 16, 2020. REUTERS/Agustin Marcarian/File Photo By Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s central bank debated an interest rate hike at its directors meeting on Thursday, a bank source told Reuters, though decided to hold the benchmark level steady for now and keep monitoring inflation and outflows of deposits. The South American country’s interest rate is currently at 133%, one of the highest levels in the world in a bid to bring down triple-digit inflation and encourage people to keep savings in the…
© Reuters. U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.53% Investing.com – U.S. stocks were higher after the close on Thursday, as gains in the , and sectors led shares higher. At the close in NYSE, the rose 0.53% to hit a new 3-months high, while the index gained 0.41%, and the index gained 0.46%. The best performers of the session on the were 3M Company (NYSE:), which rose 1.47% or 1.38 points to trade at 95.37 at the close. Meanwhile, Microsoft Corporation (NASDAQ:) added 1.28% or 4.78 points to end at 377.85 and Home…