Organic revenues at Ermenegildo Zegna dropped 6.7% in the third quarter, hit by a 22% decrease in its Greater China region, the Italian luxury group said on Tuesday.
BUSINESS
General Motors overcomes US sales drop and China losses to post 3rd quarter profit of $3 billion
U.S. sales are down and a once-profitable joint venture in China is losing money, but General Motors still managed to post $3 billion in net profits last quarter.
China resumes imports of Japanese koi fish
Imports were suspended in November 2023, when Chinese authorities stopped renewing import permits to fish farms once they expired.
China’s Q3 economic losses from natural calamities surge to $32.3 billion
In September, the financial hub of Shanghai was brought to a standstill by Typhoon Bebinca, the most powerful tropical cyclone to directly hit the city in 70 years. Earlier that month, Super Typhoon …
American buyers elusive at China’s largest trade fair, as tariffs cast a pall
But some Chinese businesses at the fair say they continue to set their sights on the US market. Read more at straitstimes.com.
China’s Horizon Robotics raises $696 million in biggest Hong Kong IPO of 2024, term sheet shows
Chinese autonomous driving firm Horizon Robotics has priced its shares at the top of its range to raise HK$5.4 billion ($696 million) according to a term sheet seen by Reuters, making it the biggest …
China’s Horizon Robotics Set to Price Shares at Top of Range to Raise $696 Million in Hong Kong IPO, Sources Say
(Reuters) – Chinese autonomous driving firm Horizon Robotics has priced its shares at HK$3.99 each, the top of its range, to raise $696 million in an initial public offering in Hong Kong, according to …
Apple CEO visits China for second time this year as sales slump
Apple CEO Tim Cook was in China for the second time this year, he said on social media Tuesday, as the US technology giant seeks to shore up slumping sales in a crucial overseas market.…
China’s Horizon Robotics set to raise $696 million in Hong Kong IPO, sources say
By Scott Murdoch and Kane Wu (Reuters) -Chinese autonomous driving firm Horizon Robotics has priced its shares at HK$3.99 each, the top of its range, to raise $696 million in an initial public …
China iron ore imports head for record even as steel output slips: Russell
China, which buys almost three-quarters of global seaborne iron ore, is likely to import as much as 120mln metric tons this month, according to vessel-tracking and port data …
Foreign trade of China’s economic powerhouse hits record high
GUANGZHOU – Guangdong province, a powerhouse of China’s economy, has reported a new record in its foreign trade for the first three quarters of the year, with imports and exports reaching 6.75 …
Sibos conference in Beijing reveals China’s financial openness
BEIJING – The Swift International Banker’s Operation Seminar 2024 (Sibos 2024) opened Monday in Beijing, a milestone demonstrating the country’s openness in the finance sector as it is the first time the Chinese capital has…
Nation modernizing border ports to boost trade, business activities
China will modernize its border ports, focusing on strengthening connectivity with neighboring countries to boost foreign trade and foster new business activities, a senior Customs official said on Monday.
