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Fast Retailing

All articles tagged with #fast retailing

finance1 year ago•7 min saved

Global Markets React to Surging U.S. Inflation, Raising Rate Concerns

Asia-Pacific markets fell after U.S. inflation for March exceeded expectations, raising concerns about prolonged higher interest rates; China's consumer inflation slowed to 0.1% in March, while producer price index fell 2.8%; Fast Retailing's attributable profit rose 27.7% for its fiscal first half, but lowered its full-year revenue guidance; People's Bank of China surprised with a stronger yuan midpoint rate setting; Apple supplier Foxconn considers rotating chief executives to nurture talent.

via CNBC|

#asia-pacific-markets #china-cpi #fast-retailing

business2 years ago•6 min saved

Asian markets react to US inflation data

Asia-Pacific markets mostly rose on Friday, following the moves of Wall Street as the US producer price index signaled further signs of cooling inflation. The Monetary Authority of Singapore maintained its monetary policy as its core inflation remains at the highest levels in 14 years. In Australia, the S&P/ASX 200 rose 0.4% and Japan's Nikkei 225 gained 1%. Fast Retailing shares jumped over 9% after the company lifted revenue estimates. Singapore's Ministry of Trade and Industry said its gross domestic product grew 0.1% in the first quarter of 2023 year-on-year, advance estimates showed.

via CNBC|

#asia-pacific-markets #business #fast-retailing