Asian shares sink as Hong Kong tensions spoil festive mood
Asian share markets fell on Thursday as concerns that tensions over Hong Kong may stymie a U.S.-China trade deal cast a pall over Thanksgiving cheer from positive U.S. economic data.
Asian share markets fell on Thursday as concerns that tensions over Hong Kong may stymie a U.S.-China trade deal cast a pall over Thanksgiving cheer from positive U.S. economic data.
Australia's Westpac Banking Corp offered to refund people who bought new shares weeks before a lawsuit accusing it of millions of breaches of money laundering laws, a move some investors said was to fend off criticism about its transparency.
Business owners and major shareholders are selling down their stakes in listed companies, producing a glut of shares in a market already under pressure from a slowing economy and the impact of the Sino-U.S. trade dispute.
Drugmakers including Roche and Novartis' have agreed to cut the prices of some of their newest drugs by an average of 61% in China in order to get on a national reimbursement scheme list, regulators said.
The Indian government's win of a long-contested dispute over telecom fees could end up a Pyrrhic victory, as the billions of dollars in levies now owed are seen as burdens too big to bear for two of the country's three main carriers.
India's telecoms sector has been rocked by a Supreme Court ruling last month that sided with the government in a dispute over how levies are calculated, saddling the industry with a combined $13 billion in fresh debt.
Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose against expectations as production hit a record.
Panasonic Corp said it would sell its loss-making semiconductor unit to Taiwan's Nuvoton Technology Corp for $250 million as the Japanese electronics giant struggles to lift its profit amid a lack of growth drivers.
Cabin crew union UFO on Thursday said that wage talks it held with Lufthansa ended without results, adding that it would now prepare for industrial action at the German carrier.
Nissan Motor Co. is introducing a new, higher-tech production system globally to try to boost efficiency as it looks to reverse a slide in profitability.
Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and President Donald Trump signed into law a bill backing protesters in Hong Kong, fuelling tensions with China.
A four-day rally that had lifted world stocks to near-record highs stalled on Thursday as a U.S. bill backing Hong Kong's protesters became law, provoking China's ire and threatening to derail an interim trade deal between Washington and Beijing.
Amazon is not breaching trade mark rights by stocking and shipping goods for third-party sellers, an adviser to Europe's top court said on Thursday, siding with the U.S. online retail giant against U.S. cosmetics company Coty .
China's factory activity is expected to have contracted for the seventh straight month in November amid sluggish domestic demand a Reuters poll showed, despite some optimism over chances for an interim deal to de-escalate a trade war with the United States.
Amazon does not breach trade mark rights when it stocks and transports goods for third-party sellers, an adviser to Europe's top court said on Thursday, siding with the U.S. online retail giant against U.S. cosmetics company Coty.