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Stock market today: Asian shares mostly decline, shrugging off Wall Street's rally
  • November 12, 2024

Stock market today: Asian shares mostly decline, shrugging off Wall Street's rally

Asian shares mostly fell Tuesday, despite a rally on Wall Street in stocks seen as benefiting the most from Donald Trump’s reelection as U.S. president. Japan's benchmark Nikkei 225 reversed early gains to decline 0.6% in afternoon trading to 39,289.14, weighed down by uncertainty about how Trump's policies, including tariffs, may affect local industries. Chinese tech stocks have been declining lately, while investors also have their eyes on upcoming earnings reports out of China.

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SoftBank Swings to Profit on Help From Hot Indian IPO Market
  • November 12, 2024

SoftBank Swings to Profit on Help From Hot Indian IPO Market

(Bloomberg) -- SoftBank Group Corp. swung to its biggest quarterly profit in two years on a series of successful Indian listings, giving its founder Masayoshi Son more ammunition for his next bet.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThe Tokyo-based company earned a ne

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Stocks Fall on Concern Over Trump Tariffs, Cabinet: Markets Wrap
  • November 12, 2024

Stocks Fall on Concern Over Trump Tariffs, Cabinet: Markets Wrap

(Bloomberg) -- Asian shares dropped with European and US equity futures as traders weighed the impact of president-elect Donald Trump’s policy agenda and the make-up of his cabinet. Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThe MSCI Asia Pacific Index slipped for a third d

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Weak Government in Japan May Help Retail Stocks, Utilities, Tech
  • November 12, 2024

Weak Government in Japan May Help Retail Stocks, Utilities, Tech

(Bloomberg) -- The newfound influence of opposition lawmakers in Japan has investors looking for gains in the shares of retailers and electricity generators.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThat’s due to expectations that Prime Minister Shigeru Ishiba may cut taxe

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Bayer cuts FY operating profit outlook on weak agriculture markets
  • November 12, 2024

Bayer cuts FY operating profit outlook on weak agriculture markets

Bayer on Tuesday lowered its full-year operating earnings guidance and took billions in write-downs on agricultural markets in Latin America, becoming the latest maker of farming supplies to be burdened further by low demand. The German group said it now expects to generate earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items and the impact of currency swings, of between 10.4 billion euros ($11.1 billion) and 10.7 billion euros, down from a previous forecast of 10.7-11.3 billion euros.

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Iron Ore Futures Slump Below $100 a Ton on China Demand Concerns
  • November 12, 2024

Iron Ore Futures Slump Below $100 a Ton on China Demand Concerns

(Bloomberg) -- Iron ore sank below $100 a ton, hitting the lowest level in more than two weeks, as China’s efforts to support growth underwhelmed investors, and miners continued to ramp up operations.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationFutures fell as much as 0.9% in

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'Old friend, new look': China's COMAC rebrands regional jet to C909 in marketing push
  • November 12, 2024

'Old friend, new look': China's COMAC rebrands regional jet to C909 in marketing push

Chinese planemaker COMAC has rebranded its ARJ21 regional jet as the C909, aligning the plane with the state-owned firm's naming convention for its other models as it seeks to present itself as an alternative to dominant Western planemakers. The rebrand, which was unveiled at China's biggest air show in Zhuhai on Tuesday, features C909 painted in white on a blue tail. "After careful consideration, a long gestation and asking opinions of many involved parties, we chose to use C909 as a new commercial name to build the brand," Zhang Xiaoguang, COMAC's marketing director, told reporters.

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