March 2024 – Page 20 – UAG Trade Asia

Nike Shares Skid, Switch to Newer Styles to Squeeze Revenue

March 22, 2024
Business
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March 22 Reuters Nike shares fell more than 6 before the bell on Friday after the Air Jordan maker forecast a drop in sales in its first half as it replaces older styles with trendier sneakers in its fight for market share with newer brands. The company plans to trim supplies of classic shoes such as its Air […]

March 22, 2024
Business
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Reuters FedEx narrowed its fiscal 2024 profit forecast on Thursday, raising the bottom end and lowering the top, as cost cuts take hold and share buybacks help offset less business from its largest customer, the U.S. Postal Service. Shares of the parcel delivery firm jumped 13 in extended trading after operating margin in its largest unit, […]

March 22, 2024
Business
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SINGAPORE, March 22 Reuters Chinese offshore oil and gas major CNOOC, said it had filed an arbitration claim to establish a right over Hess39; stake in the giant Guyana oilfield Stabroek in the event of the U.S. firm39;s sale to Chevron. CNOOC filed the arbitration application on March 15, following a similar move by its other Stabroek partner […]

March 22, 2024
Business
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Startup funding slumped last year, off to weak start in 2024 Investors burnt by valuation crashes at marquee firms Less interest in tech, more interest in stable brick and mortar MUMBAI, March 22 Reuters India39;s economy and stock markets are booming, but its startups are not. Investors, once eager to pump in billions of dollars […]

March 22, 2024
Business
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TOKYO, March 22 Reuters Japanese firms have agreed to raise pay by 5.25 this year, the biggest amount and ratio under comparable data available since 2013, the country39;s largest union group Rengo confirmed on Friday. Prime Minister Fumio Kishida has said the government is counting on such wage hikes to trickle down to smaller and […]

March 22, 2024
Business
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ZURICH, March 22 Reuters Skin care company Galderma39;s shares soared on Friday after the maker of cosmetic fillers and medical creams made its stock market debut in Switzerland. The company39;s shares started trading at 61 Swiss francs on the SIX Swiss Exchange, up 15 from the final price for its initial public offering IPO of 53 francs per […]

March 22, 2024
Oil
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US says talks in Qatar could reach Gaza ceasefire agreement US gasoline product supplied slips below 9 mln bblsEIA SINGAPORE, March 22 Reuters Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also […]

FTSE 100 Surge Pauses while DAX 40, S&P 500 Consolidate Below Record Highs

Outlook on FTSE 100, DAX 40 and S&P 500 ahead of the weekend.

March 22, 2024
Finance
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Dollar regains ground after slipping to 1week low Fed still sees 3 rate cuts in 2024 March 21 Reuters Gold eased slightly on Thursday, hitting pause after a blistering rally that got an extra fillip after Federal Reserve Chair Jerome Powell hinted that the central bank was on course for three interest rate cuts in […]

March 22, 2024
Finance
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BENGALURU, March 22 Reuters Shares of Indian IT services firm tumbled more than 3 on Friday, a day after Accenture cut its fiscal 2024 revenue forecast, dashing hopes of a rebound in demand recovery. The Nifty IT index fell 3.2, with industry bellwethers Infosys and Tata Consultancy Services declining 3.5 and 2.7, respectively. The duo had posted betterthanfeared quarterly results […]

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Nike Shares Skid, Switch to Newer Styles to Squeeze Revenue

FedEx Tightens 2024 Profit Forecast on Cost Cuts, Shares Jump 13

Chinas CNOOC Files Arbitration over Hess Stake in Guyana Oil Block

Once Burnt, Investors Curb Enthusiasm for Indias Startups

Japan Union Group Rengo Announces Biggest Wage Hikes on Record

Skin Care Company Galdermas Shares Soar on Stock Market Debut

Oil Slips on Possible Gaza Ceasefire, Stronger Dollar

FTSE 100 Surge Pauses while DAX 40, S&P 500 Consolidate Below Record Highs

Gold Takes Breather after Record, FedFuelled Rally

Indian IT Stocks Tumble as Accenture Pours Water on Hopes of Rebound in Demand

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