Hershey hit with downgrade as cocoa prices touch record
Hershey Co was downgraded at BNP Paribas Exane to “neutral” from “outperform” on Tuesday, citing the recent surge in cocoa…
Visa, Mastercard reach US$30bil card fee deal
Visa and Mastercard reached an estimated US$30bil settlement to limit credit and debit card fees for merchants, with some savings…
GameStop cuts jobs to reduce costs amid sales decline
Videogame retailer GameStop says it has cut an unspecified number of jobs to reduce costs and reported lower fourth quarter…
Expensive US chip stocks at risk of sell-off
The artificial intelligence (AI) furore gripping the stock market has the shares of chipmakers like Nvidia Corp soaring, making them…
State power company enables green energy revolution in Suzhou
Due to decades of coal mining, the land across Suzhou in Anhui province has been left with many mining pits.
Yen hits 34-year low, sparking intervention hints
The yen dropped to its lowest level since 1990 yesterday, into the zone that triggered intervention by Japanese authorities in…
Mexican billionaire Salinas’ telecom bonds soar on exchange deal
Bonds from Mexican billionaire Ricardo Salinas’ telecom Total Play Telecomunicaciones soared to the highest in a year, days after the…
China opens WTO dispute against US subsidies
China has initiated dispute settlement proceedings against the United States at the World Trade Organisation (WTO) to safeguard its interests…
China confuses yuan traders with surprise changes to fixing
Traders seeking to navigate the most crucial part of China’s foreign exchange management are finding visibility getting increasingly cloudy.