Cartier owner Richemont has agreed to sell Yoox Net-A-Porter to luxury online platform Mytheresa in an all-share deal, and said it expected to book a $1.4 billion hit as a result.
Investor sentiment has been boosted by Beijing’s recent package of stimulus measures across multiple policy fronts.
Mining giant Rio Tinto is in talks to buy New York-listed Arcadium Lithium, its latest attempt to establish a foothold in the fast-growing market for a critical mineral used to power electric cars.
New Zealand’s NZX-50 closed 0.2% lower at 12596.87, weighed by losses in industrials, communication services and a major healthcare stock.
The Hamas-led attack has convinced Israel that it must take the battle to its enemies.
The Singapore dollar weakened marginally against its U.S. counterpart in the Asian session on dimmer Fed rate-cut prospects.
Gold edged lower in early Asian trade. Strong U.S. jobs data has lowered the pressure for bigger Fed rate cuts.
JGBs slip in the morning Tokyo session, tracking Friday’s price declines in U.S. Treasurys spurred by the blockbuster U.S. jobs report that erased the probability of another large Fed rate cut next month.
Russian gunrunner Viktor Bout was traded in 2022 for U.S. basketball star Brittney Griner.
Oil fell in early Asian trade. Sentiment will likely remain weak, given seasonal trends, while tensions in the Middle East will slightly offset this, ANZ said.
The drugmaker’s shares have slumped as demand for Covid-19 vaccines and treatments has slowed.
President Claudia Sheinbaum aims to “pacify the country” by targeting fentanyl smuggling and extortion during the first 100 days of her administration.
The defeat of Hamas and the Iranian axis is the real peace plan.
The entire board resigns in protest as the mayor tries to placate the Chicago Teachers Union with an unaffordable new contract.
The dockworkers union won a 62% pay raise thanks to President Biden, but it still opposes any automation.
Prop. 1 on the November ballot would impose progressive intolerance.
