Analysts say Asian stocks likely to retreat as decline in tech, retail shares weighs on US benchmarks

Local currency gains slightly against US dollar at open

Event initially slated for May 25-28

Over 10,000 entrepreneurs affected by pandemic in state to receive aid

Company’s net loss tripled to €581 million, from €186 million in 2019, on higher operating expenses

Company expects sales to grow by up to 9% and operating profit to rise by up to 8% this year

Group expects production disturbances, increased costs and strained supply chain on a global shortage of semiconductors

Chief executive officer Joe Kaeser to hand off the baton to his deputy, Roland Busch, after a seven-year tenure 

Kingdom keeps benchmark interest rate at 5% after a sixth straight meeting

Results in line with forecasts for loss of around €8.65 billion from analysts polled by Factset

Company says net profit surged to ¥1.1 trillion for April-December, up from ¥569.5 billion in the same period a year earlier

Aims to discuss whether recent volatility, activity are consistent with investor protection and fair and efficient markets

Video game retailer’s shares, which surged 400% last week, plummet 70%