Shein’s pre-IPO charm offensive hits roadblocks in Europe

 As online fast-fashion retailer Shein ramps up its pre-IPO charm offensive in Britain, pushback is growing too from Europe’s retail industry and lawmakers. As citizens of 27 countries vote in European Union elections, European manufacturers of fabric, clothes, leather goods and shoes this week called on future EU policymakers to protect the 1.5 million jobs […]

S&P 500, Nasdaq post record closing highs; Fed meeting, CPI ahead

 The S&P 500 and Nasdaq eked out record closing highs on Monday, although investors were cautious ahead of this week’s consumer prices report and a Federal Reserve policy announcement. Providing some support to the Nasdaq and S&P 500, Nvidia (NVDA.O), opens new tab shares ended up 0.7%, the session after a 10-for-one stock split. Some investors now believe […]

China Evergrande’s ex-CEO sells Hong Kong home at almost half of purchase price

China Evergrande’s (3333.HK), former CEO, who Chinese regulators recently said was “uncontactable”, has sold his home in Hong Kong at a loss of HK$74 million ($9.48 million) from the purchase price, according to a property agent. Xia Haijun last month sold a 2,834 net sq ft (263 sq m) five-bedroom duplex flat in North Point Mid-Levels district […]