(Bloomberg) — A stock selloff deepened in Asia, after fresh data redoubled concerns about China’s economy and as investors curbed wagers on Federal Reserve interest rate cuts. Most Read from Bloomberg Hong Kong shares led the declines, with the Hang Seng Index tanking nearly 4%. The CSI 300 mainland Chinese benchmark also fell 1.6%. The […]
(Bloomberg) — Samsung Electronics Co. posted its sixth straight quarter of declining operating profit, reflecting weak consumer demand and stoking uncertainty over the timing of a broader tech recovery. Most Read from Bloomberg Korea’s largest company reported a 35% fall in operating income to 2.8 trillion won ($2.1 billion), about 24% shy of estimates. Revenue […]
(Bloomberg) — Saudi Arabia will cut key crude prices for buyers in all regions, including its main Asia market, for February amid persistent weakness in the market. Most Read from Bloomberg Oil consumption typically eases during February and March, with refiners using the period to shut some facilities for periodic maintenance. At the same time, […]
Former President Donald Trump on Wednesday appealed the Colorado ruling barring him from the state’s primary ballot to the Supreme Court. The Colorado Supreme Court last month found that Trump engaged in an insurrection on Jan. 6 and was barred from appearing on the ballot under Section 3 of the 14th Amendment — a post-Civil […]
By Yew Lun Tian and Laurie Chen BEIJING (Reuters) -A sweeping purge of Chinese generals has weakened the People’s Liberation Army, exposing deep-rooted corruption that could take more time to fix and slow Chinese leader Xi Jinping’s military modernization drive amid geopolitical tensions, analysts say. China’s top lawmakers senior military officers from the national legislative […]