Over in the City, shares in Marks & Spencer have hit their highest level in 12 months. That’s a little surprising, as the retailer reported a 10% fall in underlying profits (and a 65% slump…
Tagged By beijing
China gets a credit rating cut from Moody’s over rising debt
BEIJING — The Moody’s ratings agency on Wednesday cut China’s credit rating due to surging debt, prompting a protest by Beijing and highlighting challenges faced by communist leaders as they overhaul a slowing economy. The…
Moody’s downgrades China, warns of fading financial strength, debt
Moody’s Investors Service downgraded China’s credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and…
Moody’s cuts China rating over rising debt, slowing growth
BEIJING – China has criticized a decision by the Moody’s rating agency to cut its rating for Chinese government debt and defended Beijing’s finances and economic reforms. A finance ministry statement complained Moody’s used “inappropriate…
China stocks fall after rating cut as other Asian markets post gains
CHINESE DEBT: Moody’s Investors Service downgraded the Chinese government’s rating for long-term local currency and foreign currency debt, citing China’s overall rising debt. Moody’s cut the rating to a still relatively robust A1 from Aa3…
Moody’s downgrades China, warns of fading financial strength as debt mounts
China’s Shanghai Composite index .SSEC fell more than 1 percent in early trade before paring losses, while the yuan currency in the offshore market CNH=D3 briefly dipped nearly 0.1 percent against the U.S. dollar after…
Moody’s cuts China rating citing rising debt, slowing growth
Rating agency Moody’s cut its credit rating for China on Wednesday, citing slowing economic growth and rising debt that it says will erode the country’s financial strength. Moody’s said that it is downgrading its long-term…
Moody’s downgrades China’s credit rating
China has received a downgrade on its credit score, on worries about the future state of the economy. Moody’s Investors Services brought down China’s long-term local currency and foreign currency issuer ratings by one notch…
China looks to B.C. to help recreate Silk Road
Lu, who began his Ottawa posting this year, spoke at a meeting for the Canada China Business Council at the Sheraton Vancouver Wall Centre on May 11, reiterating how China sees B.C. businesses benefiting from…
Retail Brands Target Chinese Travelers on Mobile Before They Leave Home
Digital intelligence firm L2’s recent report “Cross-Border and Travel Retail: Connecting Digitally with China’s Shoppers” discusses ways brands can be targeting consumers online both during their journey overseas and before they set off. ( read…
These 6 Chinese Brands Made Deloitte’s Luxury Goods Power List
Six luxury brands from China have made the “ Global Powers of Luxury Goods 2017,” the list of the world’s top 50 luxury goods firms, which was just published by consultancy firm Deloitte. Topped by…
4 Reasons Why You Should Buy Yum China (YUMC) Stock Now
On Nov 1, 2016, Yum! Brands, Inc. (YUM – Free Report) announced that it has spun off its all-important China division into an independent, publicly traded company Yum China Holdings, Inc. (YUMC – Free Report)…
Apple, Samsung Lose Market Share In Q1 2017 Due To Trio Of Chinese Brands
Apple’s performance is being threatened by Oppo, Vivo and other brands which may have hindered Apple from selling more iPhones in China. Although Samsung and Apple’s global smartphone market shares are down from the same…
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