Asia shares volatile as China tech worries remain
Asian share markets were volatile on Tuesday, after Australia’s central bank flagged some tapering in its quantitative easing programme and concerns over the future of China’s powerful technology sector weighed down shares.
Didi cybersecurity probe blindsides shareholders days after debut
Chinese regulators have gained a reputation for aggressive action, but even hardened investors were shocked by the announcement of a probe into ride-hailing firm Didi (DIDI.N) just two days after its $4.4 billion New York stock market debut.
World shares cling near record highs
World stocks clung close to record highs on Monday as worries about the Delta variant of COVID-19 offset positive sentiment from surging euro zone business activity and a welcome U.S. jobs report.
‘Flying off the shelves’: Primark sales soar in reopened markets
Primark’s sales exceeded pre-pandemic levels and management expectations in its latest quarter as stores reopened after COVID-19 lockdowns and consumers splashed out to update their wardrobes.
Krispy Kreme raises $500 mln after pricing U.S. IPO below range
Doughnut chain Krispy Kreme priced its initial public offering well below the planned range to raise $500 million, indicating a lukewarm reception from investors during one of the busiest weeks for stock market debuts in the United States.
Cybersecurity firm SentinelOne valued at nearly $11 bln in public debut
Shares of security software provider SentinelOne Inc (S.N) jumped 21.4% in their U.S. stock market debut on Wednesday, giving the company a market capitalization of nearly $11 billion.
Ford to shut some N. American plants for few weeks on chip shortage
Ford Motor Co (F.N) said on Wednesday several of its North American factories will be shut for a few weeks in July and August due to a global shortage of semiconductors.
U.S. dollar share of global reserves rises in Q1; euro share slips
The U.S. dollar’s share of currency reserves reported to the International Monetary Fund edged up to 59.5% in the first quarter of the year, from 58.9% in the previous quarter, IMF data showed on Wednesday.
European shares fall on inflation, pandemic woes
European shares fell on Wednesday as worries about rising inflation and the Delta variant of the novel coronavirus hit economically sensitive sectors, even as technology stocks tracked an overnight surge in their U.S. peers.
Asian shares rise after consumer confidence boosts Nasdaq to record high
Asian shares rose and a gauge of global equities hovered near record highs on Wednesday after rising consumer confidence in economic recovery boosted the Nasdaq index to its highest-ever closing level.
