Brands like Starbucks, LVMH, and L’Oreal struggled in China last quarter as consumer spending dropped. Chinese consumers are saving more and spending on experiences over products. Starbucks plans to …
BUSINESS
China’s manufacturing activity contracted in July, the monthly Purchasing Managers’ Index says
A closely watched measure of Chinese manufacturing activity remained negative in July as concern persists about the state of the world’s second largest economy.
China PMIs Signal Continued Softness in Manufacturing, Slowdown in Services
China’s manufacturing activity extended its decline for a third consecutive month in July, as both production and market demand fell.
Asia markets mostly climb as investors assess China business activity data, await Bank of Japan rate decision
Japan’s Nikkei 225 fell as the country’s central bank raised benchmark interest rates to around 0.25%. This marks the first time since 2008 that Japan’s benchmark interest rate stands higher than 0.1% …
China’s July factory activity shrinks, services grow more slowly
BEIJING, July 31 (Reuters) – China’s manufacturing activity in July shrank for a … reaching billions of people worldwide every day. Reuters provides business, financial, national and international …
Starbucks quarterly revenue falls on weak traffic in US and China
Starbucks’ revenue fell 1% in the April-June period as customer traffic weakened in the U.S. and China. But the Seattle coffee giant expressed optimism Tuesday that successful n
Asia markets are mixed open ahead of Bank of Japan rate decision, China business activity data
The Bank of Japan is expected to raise its benchmark interest rate and detail its plan to trim its rate of bond buying.
L’Oréal sales growth disappoints as China weakness persists
Sales rose 5.3 per cent, L’Oréal SA said, less than the 6 per cent gain expected by analysts. Read more at straitstimes.com.
Asia markets set for mixed open ahead of Bank of Japan rate decision, China business activity data
The Bank of Japan is expected to raise its benchmark interest rate and detail its plan to trim its rate of bond buying.
Cramer says exposure to China is hurting some stocks right now
CNBC’s Jim Cramer on Tuesday suggested that the market is being brought down by some companies with business in China.
Harris, Trump will offer competing approaches to China trade, tariffs
Vice president has not been focused on trade issues in the past, but will have to address the topic on the campaign trail because of Trump’s focus on them …
China’s BYD Is Preparing To Sell EVs In Canada: Report
China’s biggest EV maker is setting its sights on Canada’s car market, according to documents filed with the country’s government.
U.S. Delays Tariff Increases on Chinese Imports
The U.S. Trade Representative’s office announced a two-week delay for steep tariff increases on various Chinese imports, including electric vehicles, computer chips, and medical products. President …
