China Stocks Erase Gain as Doubts Over Economic Recovery Persist
A gauge of Chinese stocks listed in Hong Kong wiped out an initial gain in post-holiday trading, as manufacturing data sowed doubts over the strength of the nation’s recovery.
A gauge of Chinese stocks listed in Hong Kong wiped out an initial gain in post-holiday trading, as manufacturing data sowed doubts over the strength of the nation’s recovery.
Chegg Inc. plummeted 42% after warning that the ChatGPT tool is threatening growth of its homework-help services, one of the most notable market reactions yet to signs that generative AI is upending industries.
HSBC Holdings Plc’s shares rose after the Asia-focused lender announced a fresh plan to return money to shareholders after reporting first-quarter results that beat estimates.
KWG Group Holdings Ltd. securities tumbled Tuesday after the firm became the latest Chinese developer to default, even as new-home sales gain steam nationally.
BP Plc has paid about $1 billion in UK windfall taxes on profits from its North Sea operations since the levy was introduced less than a year ago.
Electrolux AB rose as much as 10% in early trading on Tuesday on news the Swedish luxury home appliance maker has drawn a takeover approach from China’s Midea Group Co.
Seven & i Holdings Co.’s expertise in food procurement and retail sales, along with the board’s commitment to maximize long-term shareholder value, is the right strategy for the retailer, the company’s directors said in a letter responding to activist fund ValueAct Capital Management LP.
Bremont, the UK watch brand backed by billionaire Bill Ackman, hired the industry executive credited with relaunching the popular Tudor Black Bay as its new CEO.
President Joe Biden, following a meeting with Philippines leader Ferdinand Marcos Jr., said any attack on Philippine armed forces or vessels would trigger American defense commitments, a message intended to reassure a key ally in the face of heightened tensions with China.
The world’s biggest rhino breeder plans to this week announce what will happen to a ranch where an eighth of the world’s white rhinos live after an auction for the property and its animals failed to attract any firm bids.