Carmel will drop its membership with a China cultural and business exchange organization but keep its sister city arrangement with Xiangyang, Hubei. Mayor Sue Finkam informed the U.S. Heartland China …
BUSINESS
China’s market crash could be the last straw for many foreign investors who leave permanently, think tank says
“The fund managers who remain could end up contributing to the volatile swings in fortune,” the Atlantic Council wrote.
L’Oréal Invests in Chinese Fragrance Brand To Summer
The deal comes in the year that marks the 60th anniversary of the establishment of diplomatic relations between China and France.
BASF sells stakes in two China ventures after reports of human rights abuses
German chemical company BASF says it’s speeding up the sale of stakes in two joint ventures in China after its local partner was accused in media reports of human rights abuses …
The Cold With China Over AI Dominance Is Already Here | Opinion
At the moment, U.S. companies have, with $3 billion, powered China’s advances in both semiconductors and artificial intelligence.
China’s tepid rebound has left luxury shops relying on U.S. demand
Just over a year after China ended its COVID-Zero policy, the expected bounceback in spending on high-end consumer goods has failed to live up to expectations. L’Oreal shares tumbled as much as 7.7% …
China South City flags potential default on Oct 2024 notes payment
Property developer China South City Holdings said on Friday it is likely to default on the mandatory redemption payment due on Feb. 9 for its 9% Senior Notes due October 2024, citing depressed sales …
Nissan erases almost $2 billion in market value as China worries deepen
Shares in Nissan Motor tumbled 12% after quarterly earnings undershot expectations and it cut estimates for car sales due to stiff competition in China.
Ex-TikTok exec says China-based boss fired her because ‘he believed women should be quiet’: lawsuit
“At every step, Ms. Puris reported the discriminatory treatment and sexual harassment she faced — to her managers, Human Resources and Employee Relations — and the Company, taking its directives from …
The S&P 500 Is Blazing But China Stocks Need Some Dragon Year Fire, and 5 Other Things to Know Before Markets Open
Affirm hikes forecast amid consumer spending spree, luxury brands enjoy China boost, New York Community Bancorp seeks to calm investors’ nerves, and other news to start your day.
Big Tech Still Has a Big Addiction to China
America’s tech giants have made a show of distancing themselves from China, but in many ways their dependence on it has actually grown.
Nissan shares see biggest plunge in two decades as China worries deepen
Shares in Nissan Motor tumbled 12% on Friday, their biggest decline in more than two decades, after quarterly earnings undershot expectations by a large margin and it cut estimates for car sales due …
The global impact of China’s deflation export
China, a titan in the realm of export, has been on a rollercoaster that’s not just internal but is spilling over borders with the force of a deflationary deluge …
