Business

Asia shares stumble on weak China data, U.S. dollar heavy

Asian shares were dragged lower by weakness in Chinese economic data on Thursday although investors seemed relieved that U.S. inflation data was not hot enough to force even faster monetary tightening by the Federal Reserve.

Philips shares slide as shortages and recall hit profits

Philips shares (PHG.AS) plunged more than 11% on Wednesday morning after the Dutch health technology company hiked the cost of its massive recall of ventilators and said earnings would take a big hit from global supply chain shortages

Asia shares stumble on weak China data, U.S. dollar heavy

Asian shares were dragged lower by weakness in Chinese economic data on Thursday although investors seemed relieved that U.S. inflation data was not hot enough to force even faster monetary tightening by the Federal Reserve.

Philips shares slide as shortages and recall hit profits

Philips shares (PHG.AS) plunged more than 11% on Wednesday morning after the Dutch health technology company hiked the cost of its massive recall of ventilators and said earnings would take a big hit from global supply chain shortages

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