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 …
BUSINESS
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 …
Russian gas supplies to China soar by 60% in 2022 amid Ukraine war
Amid the ongoing war in Ukraine, Russia’s gas supplies to China have soared by as much as 60 per cent … (Only the headline and picture of this report may have been reworked by the…
WTI juggles in a 103.30-103.60 range as China’s independent refineries close Russian oil deals
China’s independent refineries have started importing oil … Lower oil inventories in the US are an outcome of the higher exports of oil by the US recently. The US administration has turned out as an…
Didi Global says it faces SEC probe related to US IPO
The company has been in talks with the Cyberspace Administration of China about a fine and other penalties after proceeding with the IPO over the regulator’s objections, Bloomberg News has reported.
Canada to increase grain exports amid global food supply concerns
with exports also setting a record by value at more than 24.5 billion Canadian dollars (19.6 billion U.S. dollars). Enditem Follow China.org.cn on Twitter and Facebook to join the conversation.
China’s independent refiners start buying Russian oil at steep discounts
Many western companies are self-sanctioning or struggling to secure the insurance, shipping or financing needed to buy Russia’s commodity exports, raising expectations that energy-hungry China will …
Oil drops as China lockdowns overshadow Russian output risk
Oil fell as lockdowns across China countered looming European Union measures to limit … For now, the most extreme pocket of tightness in the oil market is in diesel. Record fuel exports from the U.S…
DiDI Global probed by SEC over U.S. IPO
China ride-sharing giant DiDi Global Inc. (NYSE:DIDI) disclosed that the U.S. Securities and Exchange Commission is investigating its IPO last summer. DIDI shares fell 2.5% in after hours trading.
China is Accepting a Digital Currency to Pay Taxes. What Does This Mean for Crypto?
Will e-CNY spark a worldwide crypto shake-up, or will this experiment fizzle out? China’s new digital currency could be the first of many government-backed cryptocurrencies. As Chinese citizens begin …
Biden Officials Divided Over Easing China Tariffs to Slow Inflation
WASHINGTON—The Biden administration is split on whether to pare back tariffs on imports from China in an effort to cut consumer costs and reduce inflation, as the White House gives renewed …
