Month: November 2024

Turkey economy grew 2.6% in Q3; seen cooling to 3% in 2024

ISTANBUL (Reuters) -Turkey’s economy is expected to have expanded 2.6% in the third quarter due to slower domestic demand and the weight of tighter economic policies, a Reuters poll showed on Tuesday, with the rate seen cooling to 3% for…

Uniqlo risks boycott in China after CEO’s Xinjiang comment

BEIJING (Reuters) – Casual wear giant Uniqlo is facing calls for a consumer boycott in China after the CEO of the clothing company’s owner said it does not source cotton from China’s Xinjiang, which has faced allegations of forced labour…

Morning Bid: Yen bulls charge ahead after Tokyo inflation data

A look at the day ahead in European and global markets from Stella Qiu It was supposed to be a quiet post-Thanksgiving session in Asia but hotter-than-expected CPI readings for Tokyo emboldened investors to chase after the yen, which is…

Exclusive-Logistics provider GLP is considering a Hong Kong listing in 2025, sources say

HONG KONG/SYDNEY (Reuters) -Logistics company GLP is considering a Hong Kong listing that could happen as early as next year, eight years after the Singapore-incorporated firm was taken private by an investor group, three sources with direct knowledge of the…

Big tech says Australia “rushed” social media ban for youths under 16

SYDNEY (Reuters) – Big Tech corporations on Friday hit out at a landmark Australian law that bans youths under the age of 16 from accessing social media, saying the law was “rushed” through parliament. Australia approved the social media ban…

Retailers brace for Black Friday amid shorter selling season, cautious shoppers

By Siddharth Cavale NEW YORK (Reuters) – From Taylor Swift’s new Eras Tour book priced at $39.99 and sold only at Target (NYSE:TGT), to a $50.99 Jessica Simpson puffer coat at Walmart (NYSE:WMT), marked down from $84.99, major U.S. retailers…