German sportswear giants Adidas and Puma are experiencing renewed interest in their retro “terrace” sneakers, potentially giving them an edge over Nike this summer, though overall consumer demand in the U.S. and China remains weak.
German drugs and pesticides maker Bayer lowers its 2023 earnings forecast and plans a €2.5 billion write-down on glyphosate-related assets.
South32, the Australian miner, will take a significant one-off charge of $1.3 billion for its Hermosa project in Arizona while resuming operations in Q4.
French spirits group Remy Cointreau experiences a decline in Q1 organic sales, betting on a US sales rebound in Q3.
Sri Lanka is pursuing free trade talks with Thailand and plans to sign an agreement in March to expand trade opportunities amid its economic recovery from a severe crisis.
Chinese property stocks bounce back as top policymakers pledge additional economic support for the struggling sector.
China’s yuan strengthens as leaders promise policy support, while euro and sterling stabilize ahead of central bank meetings.
Finvasia’s ZuluTrade collaborates with Hextra Prime, enhancing its social trading platform, offering clients access to diverse trading opportunities.
Oil prices climb to three-month highs as signs of tighter supply and Chinese stimulus offset uncertainty over the Federal Reserve meeting.
Most Asian currencies gain strength as the dollar weakens and Chinese stimulus promises boost sentiment, ahead of the Federal Reserve meeting.
