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Sri Lankas Inflation Rate Drops to Minus 0.7 in October

Nov 21 Reuters Sri Lanka39;s consumer price inflation reached minus 0.7 yearonyear in October after easing to minus 0.2 in September, official data showed on Thursday, as the island nation continued its economic rebound. The National Consumer Price Index captures broad retail price inflation and is released with a lag of 21 days every month. The […]
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Chinas Trustar Raises 1B for Vehicle that Holds McDonalds China Stake, Sources

Qatar Investment Authority committed biggest amount to become anchor investor Other investors in fund include Chinese sovereign fund CIC, yuandenominated investors McDonald39;s China says goal to reach 10,000 restaurants remains unchanged HONG KONG, Nov 21 Reuters Trustar Capital has raised 1 billion for a continuation fund that will hold the Chinese private equity firm39;s controlling […]
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Temu Owner PDD Misses Revenue and Profit Estimates as Consumers Struggle

Nov 21 Reuters China39;s PDD Holdings fell short of market estimates for thirdquarter revenue and profit on Thursday, as promotional offers and discounts did not persuade costconscious consumers to spend as much as expected on its ecommerce platforms. PDD39;s U.S.listed shares were down 8 in premarket trading. Higher unemployment among Chinese youth and a property sector […]
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FTSE 100 Edges Down after Hot Inflation Data; Sage Soars

FTSE 100 down 0.2, FTSE 250 off 0.9 UK inflation jumps more than expected Sage jumps on betterthanexpected rise in operating profit Investors focus on Nvidia39;s results after the US bell Nov 20 Reuters The UK39;s FTSE 100 share index dipped on Wednesday, as hotterthanexpected inflation data tempered expectations for quick interest rate cuts, and […]
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Sterling Sags as Trump Bump Lifts Dollar

LONDON, Nov 21 Reuters The pound eased modestly against the dollar, which held firm on Thursday, as investors remained laserfocused on who Presidentelect Donald Trump39;s Treasury Secretary pick might be and what that might mean for his policies on growth, trade and taxes. With the dollar in the ascendant, sterling wilted, last down 0.1 at […]
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UK Midcap Shares Dragged Lower by CMC Markets

CMC Markets falls most among FTSE 250 components JD Sports Fashion drops after profit warning FTSE 100 up 0.4, FTSE 250 down 0.1 Nov 21 Reuters The UK39;s midcap index fell to its lowest in three months on Thursday after a disappointing trading update from CMC Markets, while sportswear retailer JD Sports Fashion sank following […]
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South African Rand Slips ahead of Interest Rate Decision

JOHANNESBURG, Nov 21 Reuters South Africa39;s rand slipped on Thursday ahead of an interest rate decision by the central bank. At 0736 GMT, the rand traded at 18.15 against the dollar , 0.2 weaker than its previous close. Like most risksensitive currencies, the rand has been rocked by escalating tensions between Russia and Ukraine, which […]
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Gold Gains for Fourth Day as Geopolitical Tensions Escalate

Ukraine fired a series of cruise missiles into Russia Bullion up for fourth straight session so far Longterm outlook for gold remains bullish analyst Nov 21 Reuters Gold prices rose for a fourth straight session on Thursday, driven by safehaven demand amid escalating tensions between Ukraine and Russia, while investors awaited remarks from U.S. Federal […]
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