Markets

Alibaba Unveils Guidance as Fourth-Quarter Revenue, Earnings Beat Expectations

Chinese e-commerce company Alibaba (BABA) unveiled fresh guidance on Wednesday as it posted better-than-expected results for its fiscal fourth quarter, bolstered by rising numbers of consumers from less developed cities in Asia. The Hangzhou-headquartered company, founded in 1999 by a team led by former English teacher Jack Ma, generated RMB […]

Bond Price Rally Resumes as Trade Concerns Reignite; China Data Weak

US Treasury prices rallied behind European bonds as risk-off trading resumed Wednesday after the US-China trade complications returned to center stage. Global bonds pushed higher as a run of weak Chinese economic data hit overnight, but prices backed off the highest levels. Europe was leading with the UK Gilt yield […]