SNAPSHOT Wall St opens lower as inflation data adds to rate-hike worries

Sept 30 (Reuters) – Wall Street’s main indexes opened lower on Friday as resilient core inflation in August stoked fears of more big-sized interest-rate hikes denting a rebound in consumer spending. The Dow Jones Industrial Average (.DJI) fell 102.58 points, or 0.35%, at the open to 29,123.03. The S&P 500 (.SPX) opened lower by 6.99 … Read more

Audit breakthrough fails to lure investors into China ADRs

HONG KONG, Sept 29 (Reuters) – Global fund managers have been selling US-listed Chinese stocks and the index tracking them is sagging badly, suggesting progress toward resolving disputes over their accounts has not been enough to shake investors’ fears about the sector’s outlook . As of last Friday, US long-only funds – or funds that … Read more

S&P 500 ends near two-year low as bear market deepens

S&P 500 closes at lowest since November 2020 Utility, consumer discretionary sectors weigh heavily Investors worry about shrinking corporate profit growth Indexes: Dow -0.43%, S&P 500 -0.21%, Nasdaq +0.25% Sept 27 (Reuters) – Wall Street sank deeper into a bear market on Tuesday, with the S&P 500 recording its lowest close in almost two-years as … Read more

UK home asking prices rise, tax cuts to spur demand: Rightmove

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 26 (Reuters) – Asking prices for British homes advertised rose solidly this month and last week’s cut to property purchase tax announced by finance minister Kwasi Kwarteng could fuel demand further, property website Rightmove said on Monday. Prices rose by 8.7% in annual terms … Read more

EXCLUSIVE Grab sees no big layoffs despite weak market

A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 25 (Reuters) – Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while … Read more

Funds flock to Southeast Asian startups as China loses sheen

A man passes the city skyline during the coronavirus disease (COVID-19) outbreak, in Singapore, September 29, 2021. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 23 (Reuters) – Southeast Asian startups are enjoying a boom in fundraising exercises by venture and buyout funds that are chasing bigger returns and turning … Read more

Chinese buyers snap up luxury homes as ‘hard currency’ in soft property market

Under-construction apartments are pictured from a building during sunset in the Shekou area of ​​Shenzhen, Guangdong province, China November 7, 2021. Picture taken November 7, 2021. REUTERS/David Kirton Register now for FREE unlimited access to Reuters.com Register BEIJING, Sept 19 (Reuters) – In the southern Chinese city of Shenzhen, where the real estate sector has … Read more

Adobe to buy Figma in $20 bln bid on future of work that spooks investors

Adobe logo is seen on smartphone in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Sept 15 (Reuters) – Adobe Inc agreed on Thursday to acquire Figma, whose products are used by software developers to collaborate, for $20 billion, sparking investor concerns about the rich price … Read more

EXCLUSIVE Fighting to survive, Tencent-backed Indian music app Gaana turns to subscriptions

A man listens to music as he waits for his train at Churchgate railway station in Mumbai December 5, 2012. REUTERS/Navesh Chitrakar Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Sept 9 (Reuters) – Tencent-backed Indian music streaming app Gaana has switched to a paid subscription model to avoid closing down after … Read more