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Alibaba Shares Climb As Jack Ma To Give Up Control Of Fintech Giant Ant Group
Shares of e-commerce giant Alibaba Group gained in Hong Kong trading as well as in pre-market activity on the NYSE following the announcement that Jack Ma, its co-founder, and executive chairman, is giving up control of its sister concern Ant Group Co., Ltd. Ma, who also founded Ant Group, currently controls nearly 53 percent of the fintech major through his direct stake and by acting in concert
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758 일 전
Will German Industrial Production Rebound Help Avoid A Recession?
Germany's industrial production recovered at a faster than expected pace in November, underpinned by higher output of energy-intensive industries, but the weaker rate of growth suggest the biggest euro area economy slid into a mild recession in the final three months of 2022. Industrial production grew 0.2 percent from October, when output decreased a revised 0.4 percent, Destatis reported.
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758 일 전
Sensex Surges 847 Points On Firm Global Cues; Nifty Tops 18,100
Indian shares posted strong gains on Monday, mirroring firm cues from global markets as signs of a slowdown in U.S. wage growth stoked hopes of smaller Fed rate hikes in coming months.
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758 일 전
Australian, NZ Dollars Higher Amid Risk Appetite
The Australian and NZ dollars climbed against their major counterparts on Monday amid risk appetite, as data showing a slowdown in U.S. wage growth and a contraction in U.S. service sector activity in the month of December supported expectations that the Federal Reserve will slow the pace of rate hikes.
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758 일 전
European Shares Slightly Higher On China Optimism
European stocks were flat to slightly higher on Monday after rallying in the previous session on optimism surrounding China's reopening and expectations of slower rate hikes by the U.S. Federal Reserve.
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759 일 전
FTSE 100 Marginally Higher As Commodity Stocks Surge
U.K. stocks advanced on Monday, with commodity-related stocks leading the surge as China opened its borders for travel for the first time in three years as part of its new policy on COVID-19.
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759 일 전
CAC 40 Little Changed After Friday's Rally
French stocks were flat to slightly higher on Monday after posting strong gains in the previous session on easing worries about the Fed's interest-rate hiking path.
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759 일 전
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DAX Edges Higher As Industrial Output Recovers
German stocks were seeing modest gains on Monday after data showed German industrial production recovered at a faster than expected pace in November.
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759 일 전
Asian Shares Rally Amid China, Fed Optimism
Asian stocks rallied on Monday, as signs of a slowdown in U.S. wage growth stoked hopes of smaller Fed rate hikes and China reopened its borders for the first time in three years.
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759 일 전
Tesla Buyers In China Protest Price Cuts, Demand Refund
Chinese buyers of Tesla electric cars are protesting after the company announced price cuts recently to boost sales amid weak deliveries. Hundreds of clients, who bought vehicles late last year, gathered in Tesla showrooms and delivery centers in the country demanding refund of the price difference. Last week, the luxury electric car maker had announced reduction in prices for its Model 3 and...
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759 일 전
European Shares Seen Up As US Rate Hike Worries Ease, China Reopens Borders
European stocks are likely to open higher on Monday as concerns eased about aggressive tightening by the Federal Reserve.
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759 일 전
European Economics Preview: Germany Industrial Output Data Due
Industrial production from Germany and unemployment from the euro area are the top economic news due on Monday. At 1.45 am ET, the State Secretariat for Economic Affairs is scheduled to issue Swiss unemployment data for December. The jobless rate is forecast to rise to 2.1 percent from 2.0 percent in November.
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759 일 전
Sensex, Nifty Open Higher On Firm Global Cues
Indian shares opened a tad higher on Monday, mirroring firm global cues as weak service sector and mixed jobs data from the U.S. raised hopes for a change to aggressive Fed policy.
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759 일 전
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