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News
Fast fashion giant Shein valued at up to $27 billion in Hong Kong IPO
4+ hour, 3+ min ago (872+ words) HONG KONG, Aug 24 (Reuters) – Online fast-fashion retailer Shein’s valuation has crumpled by about 70% from a private market peak of nearly $100 billion four years ago, as it looks to raise up to HK$13.86 billion ($1.77 billion) in a Hong Kong IPO launched…...
Shares, oil dip as US sanctions on Iran loom
7+ hour, 11+ min ago (636+ words) By Iain Withers and Wayne Cole LONDON/SYDNEY, Aug 24 (Reuters) – Global stocks slipped on Monday and oil prices eased as investors awaited details of threatened U.S. sanctions on Iran, while the Canadian dollar dipped as a trade war loomed with…...
Oil falls as US prepares to unveil new Iran sanctions
4+ hour, 3+ min ago (452+ words) By Florence Tan and Trixie Yap SINGAPORE, Aug 24 (Reuters) – Oil prices slipped more than $1 a barrel on Monday as investors took profits ahead of an expected announcement from Washington about imposing more sanctions on Iran that may further disrupt supplies…...
Indian food safety officer shakes up Mumbai, one viral raid at a time
4+ hour, 3+ min ago (695+ words) By Arpan Chaturvedi, Vibhuti Sharma and Dhwani Pandya MUMBAI, Aug 24 (Reuters) – Tukaram Mundhe is an Indian bureaucrat on a mission. As a state food safety commissioner, the 51-year-old has raided food businesses in the country’s commercial capital Mumbai in an…...
Commerzbank chair calls for review of German takeover rules after UniCredit bid
14+ hour, 57+ min ago (297+ words) BERLIN, Aug 23 (Reuters) – Commerzbank’s supervisory board chair, Jens Weidmann, has called for a review of Germany’s takeover rules, saying UniCredit was able to secure control of the lender without offering shareholders an adequate premium, a newspaper reported on Sunday. Weidmann…...
Germany’s Wadephul to urge Rubio to take more active role on Ukraine
4+ hour, 3+ min ago (167+ words) Wadephul, who was recently in Ukraine, told the broadcaster that U.S. diplomacy had so far been handled largely by presidential envoys Jared Kushner and Steve Witkoff. “I may be able to encourage him (Rubio) myself to do more there,…...
French politician Glucksmann launches presidential bid amid fractured left
14+ hour, 53+ min ago (357+ words) PARIS, Aug 23 (Reuters) – French centre-left politician Raphael Glucksmann launched a bid for the presidency on Sunday, seeking to challenge firebrand hard-left leader Jean-Luc Melenchon for dominance of France’s fractured left ahead of a campaign increasingly shaped by the far right....
Father of sailor aboard USS Abraham Lincoln taken into US immigration detention
4+ hour, 4+ min ago (344+ words) WASHINGTON, Aug 23 (Reuters) – The immigrant father of a U.S. sailor on board the USS Abraham Lincoln aircraft carrier, which was deployed in the Middle East during the Iran war, was taken into federal immigration detention, the sailor said in a Facebook…...
New Zealand to introduce bill banning social media for children under 16
4+ hour, 3+ min ago (317+ words) By Renju Jose and Alasdair Pal SYDNEY, Aug 24 (Reuters) – New Zealand Prime Minister Christopher Luxon said on Monday his party will introduce a bill in Parliament that seeks to ban children under 16 from using social media, proposing fines of up…...
Shein to pay up to $3.5 billion to select pre-IPO investors around Hong Kong listing | Sports Radio KWSN
4+ hour, 4+ min ago (405+ words) By Yantoultra Ngui and Selena Li HONG KONG, Aug 24 (Reuters) – Online fast-fashion retailer Shein will pay up to $3.5 billion to selected existing investors — almost twice the fresh capital it is seeking in an IPO — to help compensate them for a…...