World Food Price Index Marks Biggest Rise Since March 2022

Sugar prices saw the biggest gains on Brazil, India concerns Vegetable oils and grains also rose on worries about supplies Global food prices saw the largest jump in 2.5 years in September, with bad weather and geopolitical risks threatening to keep consumer costs...

China’s Stock Boom May Turn to Bust as in 2015, Nomura Warns

Investors should brace for the biggest stock rally in China in 16 years to turn to bust, with the economy on a much weaker footing than before the pandemic, said Nomura Holdings Inc. In the most gloomy scenario, “a stock market mania would be followed by a crash,...

RBNZ Seen Stepping Up Rate Cuts on Risk of Inflation Undershoot

Local economists expect 50-point moves on Oct. 9 and Nov. 27 ‘Overly restrictive monetary policy has inflicted much pain’ New Zealand’s central bank will cut interest rates by half a percentage point at each of its two remaining policy meetings this year as risks...

Levi Slumps After Paring Its Full-Year Sales Outlook

Weakness in China, wholesale division stalls sales growth Company to explore sale, other options for Dockers brand Levi Strauss & Co.’s shares slumped after challenges abroad and declines across its home market and Dockers brand drove a cut to its full-year...

Hong Kong Brokers Swamped by ‘Once In a Century’ Stock Frenzy

Hang Seng Index has its best day in almost two years Market participants cancel holidays as frenzy picks up pace Stock brokers in Hong Kong are having one of the busiest periods in their career, with a 31-year veteran describing the city’s sudden rally as a “once in a...

Stellantis’ US Sales Plunge Again in Sign of Deepening Woe

Third-quarter total was lowest since company’s 2021 merger CEO Tavares is struggling with weak demand, dealer unrest Stellantis NV’s US sales plunged 20% last quarter — the fifth consecutive decline — as the beleaguered automaker struggled to tame bloated inventories...