Category: Business

Activity in China’s services sector expanded at a faster pace in December amid higher demand and easing inflationary pressure but continuing small-scale COVID-19 outbreaks weighed on the outlook, a private sector survey showed on Thursday. The Caixin/Markit services Purchasing Managers’ Index (PMI) rose to 53.1 in December from 52.1 in November, remaining above the 50-point […]

Japan’s services sector activity expanded at a slower pace in December as growth in new and outstanding business softened and expectations for the 12 months ahead eased to a four-month low. The world’s third-largest economy is expected to rebound in the final quarter of last year after COVID-19 cases fell, as it seeks to catch […]

Electric cars made up nearly two thirds of Norway’s new sales in 2021, with Tesla the top selling automobile brand overall, as the country pursues its goal of becoming the first to end the sale of petrol and diesel cars. While Norway, with a population of 5.4 million, has the world’s highest proportion of electric […]

Hasbro Inc (HAS.O) on Wednesday promoted the head of its digital gaming division as the toymaker’s next chief executive officer, following the death of Brian Goldner in October. Cocks, who joined the company in 2016 from Microsoft (MSFT.O), is currently president and operating chief of its Wizards of the Coast and Digital Gaming division, which […]

The Dow hit a record high on Wednesday as investors swapped technology stocks for economy-linked cyclicals that stand to benefit from a high interest rate environment, ahead of minutes from the Federal Reserve’s December meeting. Seven of the 11 major S&P sectors advanced in early afternoon trading with value-oriented energy (.SPNY), financials (.SPSY) and materials […]

The demand for electric vehicles pushed U.S. automakers last year to unveil plans to spend billions of dollars to electrify gasoline models or introduce electric cars and trucks in a bid to catch up with market leader Tesla Inc (TSLA.O). General Motors Co (GM.N) and Ford Motor Co (F.N) are among those leading the chase. […]

Asian stocks slipped on Wednesday following a mixed Wall Street session as higher U.S. Treasury yields weighed on global tech firms and pushed the dollar to a five-year high against Japan’s yen. U.S. yields rose on Tuesday as bond investors geared up for interest rate hikes from the Federal Reserve by mid-year to curb stubbornly […]