US doors are open, the US is waiting and it is up to Beijing to make the next move to improve relations, Washington’s senior diplomat in China said on Tuesday. Ambassador Nicholas Burns, a …
FINANCE
Starbucks earnings beat as China reverses same-store sales declines
In China, the company’s second-largest market, Starbucks saw its same-store sales increase for the first time since Starbucks’ fiscal third quarter in 2021 as customers returned to its cafes following …
China Isn’t Going to Save the World This Time, Macquarie Says
China will avoid a massive stimulus injection to boost its post-pandemic economy like the one delivered after the 2008-09 global financial crisis as it has learned its lesson, said Ric Deverell at …
The Fed is the ‘bull in the china shop’, says Hayman’s Kyle Bass on banking crisis
Kyle Bass, Hayman Capital Management founder and CIO, joins ‘Last Call’ to discuss the Federal Reserve’s credibility, the regional banking crisis, and more.
Billionaire Kwek Leng Beng’s CDL Unit Launches M Social Hotel In Suzhou, Eyes China Expansion
Singapore-headquartered Millennium Hotels and Resorts—controlled by real estate billionaire Kwek Leng Beng—has opened M Social Suzhou this week, marking the maiden foray of it its millennials-focused hotel into China,
Japan, South Korea seek to set past aside with an eye on ‘hostile’ China, North Korea, Russia: ‘it makes perfect sense’
Seoul and Tokyo are seeking a thaw in relations as shared security concerns push them to fulfil their roles as otherwise ‘natural allies’ But Yoon’s deference towards Japan may cost him, while an analyst says…
European carmakers play catch-up in China with record investment
European investment in China’s car sector has hit a record high as companies try to claw back market share from ascendant Chinese electric-vehicle makers. Direct European investment in China’s …
Starbucks profits beat on China recovery, shares dive on guidance
Starbucks Corp beat Wall Street estimates on Tuesday for quarterly profits, powered by a sharp recovery in business in China, but shares fell about 6% in after-hours trading after the company did not …
China Is Looking to Transform Global Development—Again
The China that is reemerging onto the world stage after its multiyear pandemic shutdown is very different than the one that launched the Belt and Road Initiative a decade ago. Beijing seems interested …
HSBC Posts $10 Billion Profit on Higher Rates and China Reopening
The London-based banking giant becomes one of the biggest beneficiaries of the new era of higher interest rates and the rapid reopening of China.
May Day holiday supercharges China’s economy
Chinese people are flocking to tourist destinations, theaters and shopping malls during the nearly weeklong May Day holiday that began over the weekend.
China’s Reopening is a Boon for HSBC
HSBC just posted a record quarter, sending its London-listed shares up 5% in recent trading. China is a big reason why. The lender splits its business into three divisions: commercial lending, …
Exclusive-India, China propose ‘multiple pathways’ on cutting use of fossil fuels-sources
A man walks past a model of G20 logo outside the finance ministry in New Delhi, India, March 1, 2023. REUTERS/Anushree Fadnavis …
