Tag: battered

More American tourists head to Japan as battered yen beckons

By Aishwarya Jain (Reuters) -American tourists headed for Japan have surged this year, lured by a slump in the value of the yen, which is also driving a massive jump in foreign investor interest in the country’s lodgings market. The number of Americans arriving in Japan by air crossed more than 900,000 in the first […]

Battered Mexico Opposition in Disarray as AMLO Pushes for Reform

(Bloomberg) — Mexico’s opposition failed to stop Andres Manuel Lopez Obrador’s Morena party from keeping hold of the presidency and making massive gains in elections earlier this month. Now the battered and tenuous coalition is facing an even steeper challenge: How to prevent him from approving his controversial slate of sweeping constitutional reforms before leaving […]

Tallahassee battered by possible tornado; one dead amid widespread damage

A ferocious storm system that spawned multiple reported tornadoes brought heavy and widespread damage to Tallahassee on Friday morning, toppling trees onto homes, rendering roads impassible and knocking out power to more than 80,000 area electric customers. At least one person, a 47-year-old woman who hasn’t been identified, was killed in the storm after a […]

Xiaomi’s Success Means More Trouble for Battered China EV Stocks

(Bloomberg) — Xiaomi Corp.’s roaring entry into the electric vehicle market is dimming the recovery outlook for China’s beaten down auto startups. Most Read from Bloomberg Hype around the launch and better-than-expected initial orders for the SU7 have helped a rally in Xiaomi shares gain momentum. Investors have meanwhile ramped up bets on further declines […]

Meme Traders Fuel 2,650% Spike in Battered Holographic-Tech Company

(Bloomberg) — A battered Chinese company that’s developing holographic technology captured the attention of the meme stock crowd. The prize: a 2,650% jump. Most Read from Bloomberg MicroCloud Hologram Inc. soared as high as $41.53 Thursday from a $1.50 record low earlier this week, with more than $1.7 billion in shares traded as posts about […]

Gloom Over China Assets Is Spreading Beyond Battered Stocks

(Bloomberg) — Skepticism over Chinese assets is spreading beyond stocks, with investors expecting the yuan and government bonds to underperform in a year when the Federal Reserve’s dovish pivot is set to buoy emerging markets. Most Read from Bloomberg Bearish sentiment toward China has intensified as the latest data confirmed the world’s second largest economy […]