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Adidas shares slide as it confirms China graft probe
Adidas shares slide as it confirms China graft probe
June 17, 2024
ADIDAS shares slid on Monday (Jun 17) as the German sportswear giant confirmed it was “intensively investigating” allegations that senior employees in China embezzled millions of dollars. The Financial...
Europe: Automakers lead shares lower; Italian stocks slide
Europe: Automakers lead shares lower; Italian stocks slide
June 13, 2024
EUROPEAN shares slipped on Thursday, with automakers falling on continued jitters over the European Union’s new tariffs on imported Chinese electric vehicles, while Italian shares underperformed their continental peers.The continent-wide Stoxx 600...
Gold steadies after slide below key US,300 level
Gold steadies after slide below key US$2,300 level
June 10, 2024
GOLD prices steadied on Monday (Jun 10) following a slide below the key US$2,300 level in the previous session on stronger-than-expected US jobs data that doused expectations for an...
GameStop’s sales continue to slide in surprise earnings release
GameStop’s sales continue to slide in surprise earnings release
June 7, 2024
GAMESTOP reported a drop in sales and announced a more than US$3 billion stock offer as it released its first-quarter report in advance, sending the shares of the video...
Yen’s relentless slide revives Japan’s interest in structural reforms
Yen’s relentless slide revives Japan’s interest in structural reforms
May 30, 2024
JAPANESE policymakers are turning their attention to more structural economic factors behind persistent yen declines, convinced that market intervention is limited in its ability to reverse the currency’s broader...
Yangzijiang steams ahead, but STI dips 6.89 points in line with Asian market slide
Yangzijiang steams ahead, but STI dips 6.89 points in line with Asian market slide
May 29, 2024
THE Straits Times Index (STI) ended Wednesday (May 29) at 3,323.2, down 6.89 points or 0.2 per cent, as most markets across Asia witnessed a decline. Advancers were outnumbered...
JGB yields slide as US CPI data snags focus from BOJ policy
JGB yields slide as US CPI data snags focus from BOJ policy
May 15, 2024
Japanese government bond (JGB) yields edged down on Wednesday (May 15) as investors hit pause on a recent sell-off in bonds to await a US inflation report believed to...
Coinbase investigating system outage as crypto prices slide
Coinbase investigating system outage as crypto prices slide
May 14, 2024
COINBASE Global, the largest US crypto exchange, is experiencing a system outage. The company notified users on its website at 12.19 pm Singapore time on Tuesday (May 14), assuring...
Sterling slips as BOE holds rates; hawkish BOJ policymakers pause yen slide
Sterling slips as BOE holds rates; hawkish BOJ policymakers pause yen slide
May 9, 2024
The pound slipped on Thursday (May 9) after the Bank of England (BOE) held its benchmark interest rates at 5.25 per cent, while hawkish opinions from Bank of Japan...
US dollar inches up; Aussie, yen slide
US dollar inches up; Aussie, yen slide
May 7, 2024
THE US dollar inched higher on Tuesday (May 7) while the yen slipped as wide interest rate differentials weighed, despite fresh warnings from Japanese officials following two rounds of...