ACCC says court finds Coles (COL AT) misled customers over discount claims
The ACCC's court ruling against Coles for misleading discount claims is significant as it points to potential regulatory scrutiny and reputational damage for the company.
PBoC sets USD/CNY mid-point at 6.8401 vs exp. 6.7888 (prev. 6.8431)
US Treasury Secretary Bessent says he noted South Korea’s strong economic performance and affirmed US commitment to advancing economic cooperation between their nations during broad-ranging discussion with South Korean President Lee
ACCC says court finds Coles (COL AT) misled customers over discount claims
PRE-MARKET CHINESE STOCKS NEWS: Earnings from Alibaba & Tencent, Trump-Xi Summit in focus
South Korean Finance Minister says KRW volatility is excessive compared with economic fundamentals, but adds FX is to quickly stabilise if external conditions improve, also says Samsung (005930 KS) strike could become a significant risk in the economy
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This could affect consumer trust and sales, influencing Coles' stock performance and potentially prompting broader implications for the retail sector regarding compliance and consumer protection standards.
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