BUSINESS

A Costco Wholesale retail club is photographed in Austin, Texas, U.S. on December 12, 2016.   Picture taken December 12, 2016.

How Costco Shines Among Retailers

A Placer.ai report shows that Costco's traffic has been gaining momentum, with year-over-year visits increasing 3% during August, 4.5% in July and 3.6% in June.

Asian Markets Mostly Rise After Wall St Gains

A surge in tech titans including Alibaba and JD.com helped push Hong Kong's Hang Seng Index sharply higher
Most Asian markets followed Wall Street higher Friday as a drop in oil prices and US Treasury yields provided some much-needed respite from speculation the Federal Reserve will push interest rates even higher.
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A banner reads "Make Inflation Small Again" next to the European Central Bank building in Frankfurt

German Inflation At Lowest Since Start Of Ukraine War

German inflation slowed in September to the lowest level since the outbreak of the Ukraine war, data showed Thursday, offering a glimmer of hope even as Europe's top economy struggles to emerge from a recession.
Ryan joined Sony Interactive Entertainment in 1994 and held a number of senior positions before becoming CEO of the division in 2019

Sony PlayStation CEO Ryan To Retire

Sony's gaming unit chief Jim Ryan will retire next March, the Japanese firm said Thursday, after putting the PlayStation 5 on track to become its "most successful console yet".
Evergrande only just resumed trading a month ago, after the company was suspended for 17 months for not publishing its financial results

China's Evergrande Group Halts Trading In Hong Kong

Beleaguered property giant China Evergrande suspended trading of its shares on the Hong Kong stock exchange on Thursday, according to notices posted by the bourse, as the debt-ridden company grapples with severe financial difficulties.
Xu Jiayin is being held under 'residential surveillance'

Police Hold Boss Of Troubled Developer China Evergrande: Report

Xu Jiayin, who is known as Hui Ka Yan in Cantonese, was taken away by authorities earlier this month, according to a report. He is being held under "residential surveillance", the report said, which does not mean he has been arrested or charged with a crime.
Hong Kong stocks bounced after suffering two days of hefty selling

Asian Markets Swing But US Rate Outlook Feeds Uncertainty

Markets flittered between gains and losses Wednesday as the hefty selling witnessed in the first few days of the week eased but traders remain consumed by worries over the economy as the Federal Reserve considers hiking interest rates further.

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