Author: super@dmin
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Asia Markets: Hong Kong stocks suffer worst single-day rout since 2008 as Xi consolidates power
Hong Kong stocks were on track for their worst single session since the 2008 financial crisis after Chinese leader Xi Jinping tightened his grip on power.
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: U.K. bonds rally after Boris Johnson says he won’t run
U.K. bonds rallied on Monday after former Prime Minister Boris Johnson said he wouldn’t try to win back his old job, setting the stage for former hedge-fund manager Rishi Sunak to run the country.
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Dow Jones Newswires: Galp swings to profit, cuts guidance
Galp said it has cut guidance for adjusted Ebitda to around EUR3.8 billion from previous expectations of around EUR4 billion in the full year.
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Dow Jones Newswires: Novartis hemoglobinuria trial meets two primary endpoints
The trial studied a drug named Iptacopan and established its superiority to a previously used treatment in helping patients with debilitating anemia.
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Dow Jones Newswires: Royal Philips swings to wider-than-forecast net loss of $1.31 billion
The Dutch health-technology company said that it saw prolonged operational and supply challenges, a worsening macro-economic environment, as well as continued uncertainty related to Covid-19 measures in China.
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Dow Jones Newswires: China new-home prices drop by most in more than seven years
Fewer Chinese cities reported growth than a year ago. New-home prices rose in 20 out of 70 cities last month versus 21 cities in August.
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Dow Jones Newswires: Japan govt will take action in forex market when needed, finance minister says
The Japan government would take necessary action to prevent what he described as excessive fluctuations in the currency market.
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: Higher inflation is hijacking retirement savings
Just 25% of American workers have increased their retirement contributions this year compared to last year, Bankrate says.
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: Biden to get updated COVID booster Monday, will urge more Americans to get theirs
Biden tested positive for COVID-19 in July, then did so again three days after he was cleared from isolation in a rare “rebound” case.
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Dow Jones Newswires: China’s September export growth slows as global demand wanes
China’s export growth slowed further in September as weakening global demand continued to weigh on a key pillar of the world’s second-largest economy.