Reuters

(Reuters) - PDD Holdings beat first-quarter revenue estimates on Wednesday, powered by strong adoption of its international shopping site, Temu, and as Chinese domestic discount e-commerce platform Pinduoduo attracted more price-conscious customers.

Consumers in China have preferred less expensive shopping platforms such as Pinduoduo and Bytedance's Douyin at a time when a prolonged property sector downturn and rising local debt weighed on the... (continue reading...)

By Danilo Masoni and Samuel Indyk

MILAN (Reuters) - A record-breaking run in European shares has made them more vulnerable to possible pull-backs in the latter part of 2024, although the region's recovering economy and the start of a rate-cut cycle is seen pushing them back to new peaks in 2025.

Fund managers and equity strategists surveyed from May 13 to 22 see the STOXX 600 index at 513 points by end-2024, implying a 1.9% fall from... (continue reading...)

HELSINKI (Reuters) - The deaths of Iran's president and foreign minister in a helicopter crash have caused a pause in the U.N. nuclear watchdog's talks with Tehran over improving cooperation with the agency, the watchdog's chief Rafael Grossi told Reuters on Wednesday.

"They are in a mourning period which I need to respect," International Atomic Energy Agency (IAEA) chief Grossi said in Helsinki, where he spoke at a nuclear conference.

By Siddharth Cavale

(Reuters) - Target on Wednesday forecast current-quarter comparable sales and profit largely below Wall Street expectations after weak discretionary spending dented its first-quarter results, and said it continues to expect the consumer to be cautious.

While inflation has moderated, most Americans remain uncomfortable with food prices and are still actively looking for ways to keep their spending in check. High gas... (continue reading...)

JAKARTA (Reuters) - Indonesia's parliament is proposing changes to its broadcast law that would ban investigative journalism and LGBT content, sparking criticism from civil society groups and filmmakers over restrictions to press freedom and creative expression.

Changes to the 2002 broadcast law were first discussed in 2020 but the details in the latest revisions have spurred concern, with Indonesia's Press Council saying it would undermine media... (continue reading...)