July 2024 – Page 12 – UAG Trade Asia

Europes STOXX 600 Loses more than 1 amid Corporate Earnings Slump, Global Tech Rout

July 26, 2024
Finance
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STOXX 600 down 1.4 Universal Music Group slumps after Q2 results Kering down after Q2 sales miss July 25 Reuters European shares stumbled on Thursday, weighed down by a string of disappointing corporate earnings, while a global tech stock rout sent jittery investors scrambling for safer havens. The panEuropean STOXX 600 index fell 1.4 to a […]

July 25, 2024
Uncategorized
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July 25 Reuters British manufacturers39; expectations for price rises in the next few months fell to their lowest since late 2020 and they ramped up forecasts for output too, a survey from the Confederation of British Industry showed on Thursday. The CBI39;s gauge of average prices for the next three months dropped to 2 from […]

July 25, 2024
Uncategorized
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Germany39;s stuck in a crisis Ifo Climate in French services worst since 2021 FRANKFURTBERLIN, July 25 Reuters Companies in the euro zone39;s two largest economies are growing more pessimistic, surveys showed on Thursday, raising concerns over the bloc39;s already sluggish recovery. The euro zone has struggled to hold on to a postpandemic economic rebound led […]

July 25, 2024
Politics
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WASHINGTON, July 25 Reuters The U.S. Senate is set to vote on Thursday on two online safety bills that would force social media companies to take responsibility for how their platforms affect children and teens, a step parents and advocates have demanded for years. The bills have broad bipartisan support and are expected to pass […]

July 25, 2024
Oil
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July 25 Reuters Oil prices slipped on Thursday as lacklustre Chinese consumption signalled weaker demand from the world39;s biggest crude importer, outweighing support from Wednesday39;s data showing large draws on U.S. oil inventories. Brent crude futures for September fell 91 cents, or 1.1, to 80.80 a barrel by 1315 GMT. U.S. West Texas Intermediate crude […]

July 25, 2024
Business
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LONDON, July 25 Reuters Financial technology firm Revolut has received a UK banking licence with some restrictions, it said on Thursday, ending a threeyear wait for the authorisation that will enable it to compete more directly against Britain39;s biggest banks. It is a major victory for Revolut, one of a handful of financial services apps […]

July 25, 2024
Business
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BEIJING, July 25 Reuters Apple39;s market share in China shrank by two percentage points in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei HWT.UL, according to data from market research firm Canalys. The decline underscores the difficulties the U.S. tech giant faces in its thirdlargest market. Huawei39;s […]

July 25, 2024
Business
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July 25 Reuters Air France KLM faces a hit of about 10 million euros 10.85 million from last week39;s global technology outage, finance chief Steven Zaat said on Thursday. The group is one of the first airlines to disclose a cost linked to the disruption. The expectation is that it will cost us around 10 million […]

July 25, 2024
Business
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GDANSK, July 25 Reuters Germany39;s Merck KGaA agreed to sell its pigments unit to China39;s Global New Material International GNMI for 665 million euros 721.46 million, the German diversified group said on Thursday. Merck intends to use the proceeds from the deal to further strengthen its strategic core business and to boost materials for chip production in […]

July 25, 2024
Business
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July 25 Reuters Unilever reported worse than expected underlying quarterly sales on Thursday after it was unable to win back shoppers it had alienated in recent years with higher prices. The maker of Dove soap and Hellmann39;s condiments reported a 3.9 rise in secondquarter underlying sales, missing an average analyst forecast of a 4.2 increase in […]

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Europes STOXX 600 Loses more than 1 amid Corporate Earnings Slump, Global Tech Rout

UK Factories Slash Price Expectations and Raise Output Forecasts, CBI

German, French Companies Less Hopeful over Economic Recovery

US Senate Set to Vote on Two Child Online Safety Bills

Oil Slips on Gloomy Chinese Demand Outlook

Revolut Gets UK Banking Licence, Ending ThreeYear Wait

Apples China Market Share Shrinks as Huawei Surges, Data

Global Tech Outage to Cost Air France KLM Close to 11M, CFO

Germanys Merck sells pigments unit to Chinas GNMI for 721M

Unilever Q2 Underlying Sales Growth Misses Expectations

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