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Asian equities witness over $10 billion foreign outflows in November as AI rally stalls

(Reuters) -Asian equities witnessed steep cross-border outflows in the first week of November as investors booked profits on caution over lofty tech valuations and uncertainty about the sustainability of an extended market rally. Foreigners divested approximately $10.18 billion worth of stocks in Taiwan, South Korea, ...
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M&S shakes up fashion supply chain to spark online growth

By James Davey LONDON (Reuters) -Marks & Spencer is revamping its supply chain from "factory to floor", the retailer's new fashion boss told Reuters, as it looks to double annual online non-food sales to nearly 3 billion pounds ($4 billion). John Lyttle, who joined M&S as ...
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Exclusive-GM wants parts makers to pull supply chains from China

By Mike Colias DETROIT (Reuters) -General Motors has directed several thousand of its suppliers to scrub their supply chains of parts from China, four people familiar with the matter said, reflecting automakers' growing frustration over geopolitical disruptions to their operations. GM executives have been telling ...
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Gulfstream says US business jet demand strong but China slow due to trade tensions

By Allison Lampert (Reuters) -U.S. trade tensions have slowed opportunities for business jet deals in China, the president of corporate planemaker Gulfstream Aerospace said, in a rare case of demand softening in an otherwise upbeat global market for private aircraft. U.S.-based Gulfstream Aerospace, a division ...
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World oil and gas demand could grow until 2050, IEA says

By Susanna Twidale LONDON (Reuters) -Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from its previous expectations of a speedy transition to cleaner fuels and predicting that the world will likely fail to achieve climate goals. The ...
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Explainer-Why are multilateral development banks under pressure to reform?​

By Simon Jessop BELEM, Brazil (Reuters) -The World Bank and other multilateral development banks (MDBs) are under pressure to offer more help to poor countries being hammered by energy challenges and climate disasters. Here is what you need to know: WHAT ARE DEVELOPMENT BANKS AND ...
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Oil prices little changed as markets eye US government reopening

By Colleen Howe BEIJING (Reuters) -Oil prices were little changed on Wednesday after rising in the previous session amid expectations that an end to the longest-ever U.S. government shutdown could boost demand in the world's biggest crude consuming nation. Brent crude futures slipped 8 cents, or ...
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Analysis-Big tech stops complaining, starts complying with Australia’s teen social media ban

By Byron Kaye SYDNEY (Reuters) -Online platforms will ping Australian teenagers through over a million accounts in coming days offering a choice: download data, freeze profiles or lose the lot when a world-first ban on kids using social media starts on December 10. TikTok, Snapchat and ...
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Global EV sales growth hits 23% in October, research firm says

By Amir Orusov and Jesus Calero (Reuters) -Global sales of fully electric and plug-in hybrid vehicles rose 23% in October to 1.9 million units, driven by strong demand across major markets, market research firm Rho Motion said on Wednesday. WHY IT'S IMPORTANT Europe led regional electric ...
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Asian markets make tepid gains as US shutdown set to end

By Gregor Stuart Hunter SINGAPORE (Reuters) -Stocks tiptoed forward at the start of Asian trading on Wednesday as the U.S. Congress looked set to end the federal shutdown and traders looked for direction in the absence of clues from government data services. MSCI's broadest index of ...
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Irish corporate taxes to avoid tariff hit but risks rise, watchdog says

DUBLIN (Reuters) -Most of Ireland's big corporate taxpayers have so far escaped the direct impact of U.S. tariffs, but American trade policies have made the outlook for this critical source of government revenue increasingly uncertain, Ireland's fiscal watchdog said. Irish corporate tax receipts, paid mainly ...
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Dollar eases as traders eye December Fed cut on weakening US jobs market

By Rae Wee SINGAPORE (Reuters) -The dollar eased on Wednesday after private-sector U.S. jobs data stoked worries about the health of the labour market, with investors also bracing for an imminent U.S. government reopening that is expected to unleash a backlog of economic releases. Overnight, payroll ...
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