A gauge of global equity markets fell for a third straight session on Thursday, dragged lower by weakness on Wall Street on views the market has climbed too high to soon, while a rise in weekly jobless claims pointed to a fragile recovery in the U.S. labor market.
The European Union will become more assertive in trade talks and push for its international partners to include combating climate change in future deals, its trade commissioner said.
A gauge of global equity markets fell for a third straight session on Thursday, dragged lower by weakness on Wall Street on views the market has climbed too high to soon, while a rise in weekly jobless claims pointed to a fragile recovery in the U.S. labor market.
Ireland will provide more targeted financial support from the third quarter for sectors hardest hit by the COVID-19 pandemic, such as aviation, tourism, hospitality and arts, the country's business minister said on Thursday.
By Reuters Staff
3 Min Read
SHANGHAI/BEIJING, Feb 18 (Reuters) - Shares of a Chinese power supplier surged this week after its board proposed inserting “Moutai” into its company name, in an apparent attempt to link it with the world’s most valuable liquor brand.
The practice - and the market reaction - highlight how such opportunism can be effective in a market heavily influenced by retail investors.
Xinyang Maojian Group Ltd’s shares jumped as much as 48% this week in Hong Kong after the company, which also sells wine, proposed changing its name to China Dragon Moutai Group Ltd to project “a more appropriate image and identity”.