Stocks slide on unease over jump in bond yields as US inflation eyed
By Kevin Buckland TOKYO (Reuters) – Asian stocks slumped on Wednesday as a sharp rise in U.S. bond yields unnerved investors ahead of key inflation data that could inform the…
Economy
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Samsung Electronics shares hit lowest in more than four years
SEOUL (Reuters) – Shares in Samsung Electronics (KS:005930) extended declines to a fourth straight session on Wednesday, hitting their lowest level in more than four years. Shares traded down 2.1%…
Sweden’s Klarna confidentially files for US IPO
(Reuters) -Swedish payments group Klarna said on Tuesday it had confidentially filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering. The number of shares to…
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs
By Brigid Riley TOKYO (Reuters) – The U.S. dollar held near a 6-1/2-month peak against major peers and bitcoin was solidly poised just below record highs on Wednesday as markets…
UK outlines National Health Service overhaul after budget uplift
LONDON (Reuters) – Britain set out plans to overhaul its National Health Service (NHS) on Wednesday, aiming for better value for money and improved productivity, as it seeks to ensure…
Malaysia economy likely lost some steam in Q3: Reuters poll
By Pranoy Krishna BENGALURU (Reuters) – Malaysia’s economic growth likely slowed but only modestly in the third quarter compared to a year earlier as solid private consumption and construction activity…
Singapore Telecommunications’ half-year net profit falls 42%
(Reuters) -Singapore Telecommunications (SingTel) reported a 42% fall in its half-year profit on Wednesday, as the firm was hurt by the absense of S$1.2 billion ($896.59 million) it had logged…
Insurance magnate pleads guilty to $2 billion fraud and money laundering scheme
(Reuters) – The U.S. Justice Department said on Tuesday that insurance magnate Greg Lindberg had pleaded guilty to a $2 billion fraud and money laundering scheme operated through a network…
Startup led by ex-Walmart executive nears deal to buy Grubhub, WSJ reports
(Reuters) -Wonder, a food-delivery startup led by former Walmart (NYSE:WMT) executive Marc Lore, is in advanced talks to buy Grubhub from Amsterdam-based Just Eat Takeaway.com, the Wall Street Journal reported…
Morning Bid: Trump bets cashed in before US CPI
By Alden Bentley (Reuters) – A look at the day ahead in Asian markets. Investors sobered up from post-election euphoria over Republican Donald Trump’s victory and took some profits ahead…