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European stocks struggle as China data flag growth risk

Bloomberg Stocks in Europe struggled for traction as weak economic data from China fueled concerns about a slower global recovery from the pandemic. Travel and retail stocks led declines in the Stoxx Europe 600 Index, with H&M falling the most since July after missing sales estimates, while energy shares gained as oil extended an advance. Contracts on the S&P 500 ...

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Chip supplier’s winning streak shows foreigners are returning to Japan

Bloomberg The nonstop surge in global demand for electronics products combined with the recent flood of foreign funds into Japanese stocks has driven a record win streak in one of the world’s largest suppliers of chipmaking equipment. Shares of Tokyo Electron Ltd gained 1.6% to a fresh all-time high on Wednesday, notching a 15th straight daily advance, its longest-ever win ...

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Philippines sells $866m of maiden retail dollar bonds

Bloomberg The Philippines raised $866 million from its debut sale of dollar bonds targeted at individuals as it seeks to expand funding from that lucrative investor pool. In a two-part offering, 10-year retail notes were priced at 2.25% and five-year bonds at 1.375%, according to the Bureau of the Treasury. While the debt sale is small compared with the $3 ...

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