By Helen Reid LONDON (Reuters) – Moves by authorities in the European Union and elsewhere to end tax breaks for low-value parcels threaten Shein’s profitability and risk denting the fast fashion retailer’s…
Tech-led selloff drives record volume in NDX options
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The selloff in U.S. stocks is driving record trading options on the Nasdaq 100 Index as the tech-heavy gauge is battered by turbulence in…
Jetmaking industrial problems overshadow orders at damp air show
By Tim Hepher, Allison Lampert and David Shepardson FARNBOROUGH, England (Reuters) – The world’s largest air show fizzled out on Thursday with a solid new Saudi jetliner order unable to dispel the…
Ackman cuts new fund’s target size, asks investors to commit
By Svea Herbst-Bayliss (Reuters) – Bill Ackman said his new U.S. listed fund, Pershing Square USA, will be dramatically smaller than the $25 billion people initially said he could raise, citing investors’…
Bank of Canada pivots to boosting economic growth, raising rate cut bets
By Promit Mukherjee and Fergal Smith OTTAWA (Reuters) – The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further interest rate…
Renault sticks to 2024 outlook as first-half profit beats estimates
By Nick Carey and Gilles Guillaume LONDON (Reuters) – Renault posted a better-than-expected operating profit for the first half of the year on Wednesday due to strong pricing and new vehicle launches,…
Exclusive-BOJ to weigh rate hike next week, detail plan to halve bond buying, sources say
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan is likely to debate whether to raise interest rates when it meets next week and unveil a plan to…
US spot ether ETFs see net inflows of $106 million on first day
By Suzanne McGee (Reuters) – The nine exchange-traded funds (ETFs) tied to the spot price of ether, the world’s second-largest cryptocurrency, scooped up net inflows of $106 million on Tuesday as they…
KKR-backed OneStream surges in market debut
By Pritam Biswas and Echo Wang (Reuters) -Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, valuing the company at…
Tesla shares could swing 10% either way after earnings, options show
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the options market expect Tesla shares to swing by nearly 10% in either direction by Friday, options data showed. That is roughly…