(Bloomberg) -- Apparel retailer Abercrombie & Fitch Co., which has emerged as one of America’s hottest stocks over the past year, is planning a full-fledged return to Hong Kong eight years after it shut its flagship store in the city, according to people familiar.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunHow the Cortiços of São Paulo Helped Shelter South America’s Largest CityThe company will
China’s Credit Market Sees First Floating Rate Bond Since 2020
(Bloomberg) -- A Chinese local government financing vehicle is selling the first floating rate corporate note seen in the domestic bond market in more than four years, even as interest rates in the country are at historically low levels.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunHow the Cortiços of São Paulo Helped Shelter South America’s Largest CityShanghai Lingang Economic Development (Grou
Thailand’s new prime minister inherits a $14 billion cash handout problem and a sluggish economy
Thailand's economy isn't growing as fast as its peers.
Australia inflation eases in July, but progress still slow
SYDNEY (Reuters) -Australian inflation slowed to a four-month low in July as government rebates on electricity bills kicked in, but progress on tempering price gains elsewhere disappointed and led markets to pare back the chance of a near-term cut in interest rates. The consumer price index (CPI) rose at an annual pace of 3.5% in July, down from 3.8% in June, Australian Bureau of Statistics data showed on Wednesday. The figure was slightly above forecasts of 3.4%, leading markets to slightly lengthen the odds of a first easing from the Reserve Bank of Australia in November to 48.4%, from 58% before.
Nvidia earnings could spark a nearly $300 billion swing in the stock, Goldman says
"The bar for Nvidia this earnings season is a lot lower than it has been in recent quarters given fundamental selling in tech," Goldman Sachs said.
Australian Inflation Cools, RBA Set to Retain Hawkish Bias
(Bloomberg) -- A gauge of Australian monthly inflation cooled in July, suggesting price pressures began to ease in the current quarter though not fast enough to warrant early interest-rate cuts.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunThe consumer price indicator climbed 3.5% from a year earlier, down from 3.8% and just above economists’ estimate, government data showed Wednesday. The trimme
Kroger Egg Pricing Turns Merger Trial Into Inflation Fight
(Bloomberg) -- Kroger Co. hiked prices on milk and eggs more than needed to account for inflation, the company’s top pricing executive testified during a court hearing on the US government’s bid to block the grocery chain’s purchase of rival Albertsons Cos.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunIn a March email to his bosses, Andy Groff, Kroger’s senior director for pricing, acknowledged t