News updates from December 12: Trump invites Xi to his inauguration; British hedge fund trader jailed in Denmark over tax fraud

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Financial Times 2d ago

News updates from December 12: Trump invites Xi to his inauguration; British hedge fund trader jailed in Denmark over tax fraud - Financial Times

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The Bureau of Labor Statistics said its main producer price index rose 3 per cent in the 12 months to November, up from 2.4 per cent in October.

Adobe recorded its biggest daily drop since September 15 2022, with shares falling 13.7 per cent, after it forecast a weaker than expected annual outlook that raised fears over its artificial intelligence investments.

The country’s benchmark Kospi index rose 1.8 per cent as shares of conglomerate Doosan Group rose over 10 per cent and Hanwha Aerospace, the country’s largest defence firm, rose 4.7 per cent.The won edged down 0.2 per cent against the dollar to Won1,430.