Business

Walmart sees the slowest pace in US comparable sales in 6 years and offers cautious guidance

Thursday, August 20 by SRN News

NEW YORK (AP) - Walmart experienced the slowest growth in comparable sales at U.S. stores in six years in its most recent quarter and it offered a cautious outlook for the year, sending shares down 6% before the opening bell Thursday. Comparable sales in U.S.... Read More.

Exclusive-Fidelity International plans to pull out of wholly owned China fund unit, sources say

Thursday, August 20 by SRN News

By Selena Li HONG KONG, Aug 20 (Reuters) - Fidelity International (FIL) plans to exit its wholly owned China fund unit, two people familiar with the matter said, marking one of the biggest retreats by a global asset manager from the world's second-largest economy.... Read More.

Oil gains on Middle East supply concerns amid impasse in US-Iran war

Thursday, August 20 by SRN News

By Yuka Obayashi and Siyi Liu TOKYO/SINGAPORE, Aug 20 (Reuters) - Oil prices climbed on Thursday on concerns the impasse in the U.S.-Israeli war against Iran will continue to disrupt supply from the key Middle Eastern producing region and tighten global supplies. Brent crude futures for... Read More.

Asian shares gain, with South Korea’s Kospi up 6%, after the US Treasury expands its debt buybacks

Thursday, August 20 by SRN News

HONG KONG (AP) - Asian shares advanced Thursday, tracking Wall Street gains, and South Korea's benchmark Kospi jumped more than 6%. U.S. futures edged higher after the U.S. Treasury Department said it would at least double the size of planned purchases of longer-term government debt. That... Read More.

Chinese court sentences founder of troubled property developer Evergrande to life in prison

Thursday, August 20 by SRN News

BEIJING (AP) - Chinese property developer Hui Ka Yan, founder of the Evergrande real estate group, has been sentenced to life in prison and the companies fined a total of $2.3 billion, a court in the southern city of Shenzhen said Thursday. The decision... Read More.

Global wheat buyers brace for supply squeeze amid Black Sea attacks

Thursday, August 20 by SRN News

By Sarah El Safty and Naveen Thukral DUBAI/SINGAPORE, Aug 20 (Reuters) - Global wheat importers are bracing for tighter supplies as attacks on Black Sea grain infrastructure disrupt shipments, heightening food security risks for top buyers such as Egypt and Indonesia, while driving up prices. Benchmark... Read More.

AP investigation shows how banned goods are smuggled into Gaza and millions of dollars change hands

Thursday, August 20 by SRN News

CAIRO (AP) - Palestinians face inflated prices for groceries and batteries, hospitals have turned to smugglers for medicine and equipment, and Israeli soldiers and other middlemen are accused of pocketing millions of dollars as the smuggling of goods restricted by Israel into the Gaza... Read More.

Bonds bounce on US buybacks, but relief may be brief

Thursday, August 20 by SRN News

SINGAPORE, Aug 20 (Reuters) - A surprise U.S. Treasury buyback announcement arrested a worldwide rise in long-term borrowing costs on Thursday, though worries about inflation and ballooning government debt kept markets nervous and yields close to multi-decade highs. A day after the benchmark U.S. long... Read More.

Bonds steady after US Treasury comes to the rescue

Thursday, August 20 by SRN News

By Rae Wee SINGAPORE, Aug 20 (Reuters) - Global bonds steadied on Thursday after the U.S. Treasury stepped in to stem a rout in its bond market, soothing investor nerves and sending the dollar lower while stocks climbed. The U.S. Treasury announced overnight it will double... Read More.

Japan reports record exports and imports for July as energy costs climb

Thursday, August 20 by SRN News

TOKYO (AP) - Japan's imports and exports set records in July and soaring energy costs and a weak yen helped extend a trade deficit for a third month, government data showed. Japan's trade deficit totaled 634.5 billion yen ($4 billion) last month, marking the... Read More.

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Current Weather

Walmart sees the slowest pace in US comparable sales in 6 years and offers cautious guidance

Exclusive-Fidelity International plans to pull out of wholly owned China fund unit, sources say

Oil gains on Middle East supply concerns amid impasse in US-Iran war

Asian shares gain, with South Korea’s Kospi up 6%, after the US Treasury expands its debt buybacks

Chinese court sentences founder of troubled property developer Evergrande to life in prison

Global wheat buyers brace for supply squeeze amid Black Sea attacks

AP investigation shows how banned goods are smuggled into Gaza and millions of dollars change hands

Bonds bounce on US buybacks, but relief may be brief

Bonds steady after US Treasury comes to the rescue

Japan reports record exports and imports for July as energy costs climb

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