Zara owner Inditex reports slowing quarterly sales growth
Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with analysts’ expectations.
India stocks recoup some losses as investors digest election results; broader Asia markets mixed
India stocks rose after a heavy sell-off triggered by Modi’s BJP not getting a full majority in the country’s general elections.
Citadel and BlackRock back project to start a national stock exchange in Texas
BlackRock and Citadel Securities are among investors backing a group seeking to start a new national stock exchange in Texas.
India’s stock markets erase $371 billion after ruling BJP falls short of election expectations
The All India Market Capitalization index, tracked on the Bombay Stock index, lost over $370 billion on June 4 alone.
Modi’s economic agenda could be disrupted after smaller-than-expected mandate in India election
CNBC’s Sri Jegarajah reports on the reaction to India’s election results, which saw Prime Minister Narendra Modi win a third term in office, but with a smaller-than-expected mandate, forcing him to rely on his coalition partners going forward.
Fintech firm Nium cuts valuation by 30% in new funding round, eyes 2025 IPO
Despite the lower valuation, Nium is confident it can go public in the next 18 months and is eyeing late 2025 for its stock market debut.
Diamond industry ‘in trouble’ as lab-grown gemstones tank prices further
“A diamond is forever,” but perhaps not for the increasing number of consumers who are spurning the gemstone for its lab-grown counterparts and gold.
CNBC Daily Open: Roaring Kitty’s wealth, Modi’s victory
India’s Prime Minister Narendra Modi declared victory late on Tuesday, but in a shock loss, his party fell short of an outright majority.
S&P 500 closes at a record, powered by Nvidia’s rise and rate cut hopes: Live updates
Wednesday’s ADP report showed private hiring slowed in May, adding to investor hopes that a weakening labor market could spur rate cuts from the central bank.
The best banks in the Asia-Pacific region, according to customers
The report is the first of its kind between CNBC and market research firm Statista, which surveyed 22,000 individuals with a checking or savings account in 14 major economies.
