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Standard Chartered (StanChart) on Tuesday announced its largest-ever share buyback worth $1.5 billion and lifted its earnings outlook for this year, betting on strong economic growth in its core Asian markets and plans to rein in costs.
Temu and Shein have exploded in the U.S. by going on an online marketing blitz and offering consumers inexpensive goods from China, whether it's a $3 pair of shoes or a $15 smartwatch.
The world's second-largest economy grew much slower than expected in the second quarter, with the consumer sector a particular cause for concern. Retail sales growth sank to an 18-month low as deflationary pressures forced businesses to slash prices on everything from cars to food to clothes.
Stock futures slipped in overnight trading Monday as investors awaited key corporate earnings and the beginning of the Federal Reserve's policy meeting.
The strain between North Korea and China is a predictable outcome based on North Korea’s historical pattern of “pendulum diplomacy”. This strategy of shifting between major powers to advance its national interests has made both China and Russia targets of North Korea’s balancing act.
The activist short seller Andrew Left surrendered in Los Angeles on Monday to face federal criminal securities fraud charges, a spokesman for the U.S. Attorney's Office there said.
LONDON — European markets closed lower on Monday, reversing earlier gains, as investors looked ahead to another busy week of earnings and central bank meetings.
Malaysia’s foreign ministry said Russia will back the Southeast Asian country’s application to join the Brics economic bloc as Moscow looks to expand its influence into the Global South.