Sportswear giant Adidas (ADDYY) posted strong Q1 earnings, which saw the brand increase its overall currency-neutral revenues by 27% and its footwear sales by 31%. Reggie Wade is a writer for Yahoo …
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Meituan Sinks as CEO Deletes Post Seen Critical of Beijing
A Meituan spokesperson confirmed both posts and declined to comment further. Investors are jittery after business figures who appeared to criticize the government have faced consequences. Wang’s rival …
Trade Finance Market is Gaining Momentum by key players Citi, Standard Chartered, Exim Bank of China
The latest update of COVID 19 Outbreak Global Trade Finance Market study provides comprehensive information on the development activities by industry players growth opportunities and market sizing for …
Meituan Sinks After CEO Deletes Posting Seen Critical of Beijing
He deleted it on Sunday and issued a clarification that he used the poem in reference to the company’s competitors, according to a Meituan spokesperson, who declined to comment further. Investors are …
Regulators struggle to keep up with China’s growing carbon financing market
The need to clarify standards and fine-tune regulations shows how China’s regulatory regime has lagged behind developments.. Read more at straitstimes.com.
Alipay becomes available in China’s digital yuan wallet, 7th commercial bank participating in digital currency’s trial run
MYbank, backed by Alibaba’s Ant Group, has been officially included and activated in the digital yuan wallet in recent days, the Global Times learned, making it the 7th commercial bank that …
China and Its Lenders Have to Join the Global Club
Beijing’s loans to low-income countries have come under criticism. But the situation doesn’t have to be so contentious.
China’s Much-Hyped Digital Yuan Fails to Impress Early Users
As China moves closer to rolling out the world’s first major sovereign digital currency, speculation over the global implications has reached a fever pitch.
China’s digital yuan could bring surveillance state to wallets at expense of US dollar
China’s emerging digital currency could enhance the yuan’s importance in the international financial system at the expense of the U.S. dollar and extend the Chinese surveillance state into wallets …
China to lift HK, Shanghai’ roles as global financial hubs in broad plan for capital market
China’s chief securities regulator on Saturday set the tone for the prospects of the development of China’s capital market, with an emphasis on promoting the roles of Hong Kong and Shanghai as …
China’s provinces fall deeper into local government debt mire, study finds
The debt problem for all but one Chinese provinces is worsening as local authorities continue to rely on debt to finance big-ticket spending programmes, according to a joint review of local government …
China’s regulated open-end funds surpass that of Japan, Australia to top Asia-Pacific
The scale of China’s regulated open-end funds topped the Asia-Pacific region with $2.66 trillion in 2020, surpassing that of Japan and Australia, according to data released by the Investment Company …
NASA accuses China of ‘failing to meet responsible standards’ as rocket reportedly lands in Indian Ocean
China’s Long March 5B rocket crashed back to Earth on Sunday morning, landing in the Indian Ocean just west of the Maldives, the China Manned Space Agency announced. Most of the debris from the rocket…
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