Walmart is now unloading its $3.74 billion stake in JD.com, once key to its China strategy, highlighting its shifting approach.The unshackling from JD.com highlights the retailer’s…
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The dollar neared a one-week high Friday, following a sharp drop in U.S. jobless claims, easing recession concerns.China’s yuan rose after stronger-than-expected inflation and a firmer…
Asian stocks fluctuated Thursday, while yen and U.S. bonds tried rebounding, as global investors navigated a volatile market week.Japan’s Nikkei swung from -2.5% to +0.8%, finally…
On Friday, the Sweden-based automaker reported a 6% year-over-year increase in Volvo Cars’ July sales, reaching 57,447 units. This rise was primarily driven by a surge…
HSBC Holdings pledged a $3 billion share buyback to boost its stock, following stable first-half profits and improved real estate losses. Europe’s largest bank aims for…
Geopolitical rivalries, especially U.S.-China trade battles, now top inflation concerns for sovereign wealth funds and central banks.Global conflicts, like Russia-Ukraine war and trade restrictions, now dominate,…
Nvidia is developing China-compatible AI chips adhering to U.S. export controls, according to three informed sources.The AI chip company introduced its “Blackwell” chip family in March,…
Asian equities fell Thursday, driven by chip stocks, as U.S.-China trade tensions rose. Meanwhile, the yen remained firm.The U.S. dollar hovered near a four-month low, as…
Asian stocks hit record highs Thursday; sterling reached a four-month peak on strong growth, as traders anticipated easing U.S. inflation.U.S. stocks reached new highs on Wednesday,…
China’s consumer prices rose for a fifth month in June but missed expectations, while producer prices continued to decline amid slow economic recovery efforts.Beijing aims to…