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China factories seen rebounding in September as Beijing signals more aid: Reuters poll

China factories seen rebounding in September as Beijing signals more aid: Reuters poll

BEIJING, Sept 29 (Reuters) - China's factory activity likely swung back to growth in September after two months of contraction, a Reuters poll showed on Tuesday, though a cabinet meeting on Monday underscored the need for further policy support to shore up the economy.

Shares of fast-fashion's Shein plunge 14% to record low after profit slides

Shares of fast-fashion's Shein plunge 14% to record low after profit slides

HONG KONG, Sept 29 (Reuters) - Shares of fast-fashion retailer Shein tumbled as much as 14% on Tuesday after it reported a 67% fall in quarterly profit in its first post-IPO results, fuelling investor concerns over margin pressure and slowing growth.

Asian stocks mostly fall after Wall Street losses and oil prices rise

Asian stocks mostly fall after Wall Street losses and oil prices rise

Asian shares have mostly declined following Wall Street losses, and U.S. Treasury yields steadied after reaching their highest in roughly two decades

China's Golden Week travel surge masks cautious consumer spending

China's Golden Week travel surge masks cautious consumer spending

By Sophie Yu and Julie Zhu BEIJING/HONG KONG, Sept 29 (Reuters) - Chinese travellers are booking longer holidays and venturing further afield for this year's National Day holiday, yet a prolonged slowdown in consumer spending means record travel volume may not translate into bigger spoils, analysts

Shein reports sharp drop in Europe sales after price hikes

Shein reports sharp drop in Europe sales after price hikes

Sept 28 (Reuters) - Fast-fashion platform Shein reported a sharp drop in sales in Europe in the second quarter after it hiked prices and cut online advertising in anticipation of the European Union imposing fees on low-value e-commerce parcels from July 1.

Analysis-From pickups to idle plants: automakers seek lifeline from defence boom

Analysis-From pickups to idle plants: automakers seek lifeline from defence boom

By Nick Carey, Gilles Guillaume and Kalea Hall LONDON/PARIS/DETROIT, Sept 28 (Reuters) - Western automakers are chasing a defence spending boom as a way to sell more vehicles and make use of underemployed factories, though executives say military work will not make up for slowing car sales and

China's cabinet pledges stronger policy support to meet growth target

China's cabinet pledges stronger policy support to meet growth target

BEIJING, Sept 28 (Reuters) - China's cabinet pledged on Monday to step up counter-cyclical policy support to address rising economic strains, signalling greater urgency to shore up growth and keep the economy on track to meet this year's target.

Shein quarterly profit falls 67% as costs jump, Europe sales slump

Shein quarterly profit falls 67% as costs jump, Europe sales slump

By Helen Reid Sept 28 (Reuters) - Fast-fashion platform Shein reported plunging profit and sliding European sales on Monday in its first results as a public company, feeding investor worries over margin pressure and slowing growth.

Global benchmarks are mixed despite Wall Street's rally finish last week

Global benchmarks are mixed despite Wall Street's rally finish last week

Global shares are trading mixed Monday after a cooldown in oil prices last week helped U.S. stock close out their first winning week in the last three

Asian shares trade mixed as oil prices rise

Asian shares trade mixed as oil prices rise

Asian shares are trading mixed Monday after a cooldown in oil prices last week helped U.S. stock close out their first winning week in the last three

Trading Day: Blue Monday

Trading Day: Blue Monday

By Jamie McGeever ORLANDO, Florida, Sept 28 (Reuters) - The global bond slump accelerated on Monday, pushing yields to new, multi-decade highs, as oil prices rallied after US President Donald Trump rejected a peace proposal from Iran.

China, US agree to $30 billion tariff cut, AI dialogue during Xi visit, Beijing says

China, US agree to $30 billion tariff cut, AI dialogue during Xi visit, Beijing says

SHANGHAI, Sept 26 (Reuters) - China said on Saturday it had agreed with the US on a $30 billion reciprocal tariff-reduction arrangement and on launching a dialogue on AI, under an eight-point consensus reached during President Xi Jinping's visit to Washington.