Business
China lifts tariffs on Australian wine as bilateral ties recover
BEIJING (Reuters) -China will lift anti-dumping and anti-subsidy tariffs on Australian wine from March 29, the Chinese commerce ministry said on Thursday, ending three years of punitive levies and offering long-awaited relief to Australian wine ...
Analysis-With Cainiao buyback, Alibaba takes aim at rivals' overseas advance
By Casey Hall SHANGHAI (Reuters) - Alibaba's plan to buy full control of its logistics subsidiary rather than spinning it off could signal the Chinese giant is taking competition from e-commerce rivals Shein and Temu more seriously in overseas ...
JD Sports' January sales fall in 'challenging' market
LONDON (Reuters) -British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dropped in January, resulting in fourth-quarter growth of just 0.1%. The retailer, which sells Nike, Adidas and other ...
Keysight agrees to buy Britain's Spirent for $1.5 billion
(Reuters) - U.S.-based Keysight Technologies will buy Spirent Communications in an all-cash deal, valuing the British telecommunications testing firm at 1.16 billion pounds ($1.46 billion), both companies said in a joint statement on Thursday. ...
Data confirms UK economy went into recession last year
LONDON (Reuters) - Official figures published on Thursday confirmed Britain's economy entered a recession in the second half of last year. Gross domestic product shrank by 0.1% in the third quarter and by 0.3% in the fourth quarter, unchanged ...
ADB forecasts low productivity growth in China despite industrial push
BOAO, China (Reuters) - China will have relatively low productivity growth despite its industrial policy push, and property risks and economic imbalances are still substantial, Albert Park, Chief Economist at Asian Development Bank (ADB) said on ...
German retail sales fall unexpectedly in February
(Reuters) - German retail sales unexpectedly fell in February, decreasing by 1.9% compared with the previous month, data showed on Thursday. Analysts polled by Reuters had predicted a 0.3% increase. The federal statistics office publishes more ...
Important to have stable relations with Spirit, Airbus CFO says
(Reuters) - Airbus, Chief Financial Officer Thomas Toepfer stressed the importance of a stable relationship with supplier Spirit AeroSystems, in a newspaper interview published on Thursday, as rival Boeing mulls plans to buy the firm. "It is ...
UBS still reviewing risk of misstatement in Credit Suisse's books
By Stefania Spezzati and Noele Illien LONDON (Reuters) - UBS said it is still reviewing potential misstatements in Credit Suisse's financial reports and talks with regulators to address the issue are ongoing. The bank said on Thursday in its ...
Explainer-What would Japanese intervention to boost a weak yen look like?
By Leika Kihara TOKYO (Reuters) - Japanese authorities are facing renewed pressure to combat a sustained depreciation in the yen, as traders drive down the currency on expectations that any further interest rate hikes by the central bank will be ...