As the Russian war aggravates in East Ukraine amid a barrage of sanctions imposed by the West, China has reportedly increased Russian gas imports by 60% in the first quarter of 2022. Compared to the…
Monthly Archives For May 2022
Crude Oil Prices Capped by China Lockdowns, Underpinned by New Russian Sanctions
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures were down on Tuesday as demand worries stemming from China’s prolonged COVID … list disinformation actors and tackle …
Pop Mart: toymaker behind China’s collectibles craze looks to the west
We’ll send you a myFT Daily Digest email rounding up the latest Chinese business & finance news every morning. Pop Mart has elevated toy-buying to an act of trendy connoisseurship among China’s young …
Live news: Yum China warns hit from Covid lockdowns worse than initial outbreak
Yum China, owner of the KFC and Pizza Hut brands in the world’s biggest consumer market, has warned that the damage wrought from the latest coronavirus wave is “much more severe” than the initial …
Russian Gas Supplies To China Soar By 60% In 2022: Report
Amid the ongoing war in Ukraine, Russia’s gas supplies to China have soared by as much as 60 per cent in the first four months of 2022 compared to the same period last year. Russian…
China’s Tariffs Overwhelm Australian Winemakers as Exports Fall
Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never sleep, and neither does Bloomberg. Track your investments 24 hours a day, …
Despite the Ukraine war, Russian gas supplies to China are expected to increase by 60% in 2022
According to Russia Today, the transfers were delivered through the Power of Siberia pipeline as part of a contract between Gazprom and China National Petroleum Corporation (CNPC).Beijing has …
Wine exports plunge on Chinese ban, while US growth strategy falls flat
“The export figures are reflective of the unprecedentedly tough market conditions over the past 15 months as a result of the imposition of high deposit tariffs on bottled Australian wine imported to …
Estee Lauder cuts profit forecast on China COVID curbs, Ukraine crisis
China generates about 36% of Estee’s sales … “Everywhere the high luxury part (of the business) is doing better in growth than any other parts. This doesn’t suggest consumers are worried …
Landmark buildings in Shenzhen turn off spotlights to save energy
Earth Hour is observed on March 26 every year. At 8:30 pm that day, many landmark buildings under the KingKey Group in Shenzhen turned off their spotlights for one hour. The World Wildlife Fund …
Global Manufacturers Lose Momentum as Inflation Worsens: Kemp
CHINA IN TROUBLE In China, manufacturers have already been hit far harder than in the other regions because they are also struggling with increasingly frequent coronavirus outbreaks and lockdowns.
Didi Global Says It Faces SEC Probe Related to U.S. IPO
as it prepares to depart New York bourses under orders from Beijing. The company, once worth about $80 billion, is grappling with the broader fallout after proceeding with its IPO despite regulators’ …
DiDi Global Faces U.S. SEC Probe Over IPO
DiDi (ticker: DIDI) disclosed in a regulatory form Tuesday that the SEC had contacted the company and made inquiries about the IPO, according to an annual … with applicable [People’s Republic of …
