China stocks gained on Thursday, standing out from weaker Asian markets as investors sought safe havens amid economic uncertainty. Despite slow export growth, tech shares led the rise, with investor sentiment supported by a firmer…
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Japan’s Shiseido becomes latest luxury brand hit by China slump, shares plunge
Japanese cosmetics powerhouse Shiseido fell by its daily limit in Tokyo trading on Thursday following midyear earnings that were hit by restructuring costs and slumping demand in China. Shiseido …
China’s exporters enjoyed the benefits of a weak yuan. Now that’s changing and cutting into profits
China reported slower-than-expected growth in U.S. dollar-denominated exports for July on Wednesday, while imports surprised with a better-than-expected increase. Exports have stood out as a bright spot as China’s economic growth slows. Many local …
China’s commodity imports show economy struggling for momentum
China’s imports of major commodities continued to lose momentum in July, with crude oil arrivals slumping to the weakest in nearly two years, while those of iron ore, coal, copper and natural gas were …
Beiersdorf misses profit forecast, says slow China hit luxury brand sales
Beiersdorf reported 7.1% organic sales growth for the first half of the year on Wednesday, driven by double-digit percentage growth in its flagship skincare brand Nivea.
How Chinese traders and miners get around China’s crypto ban
She had the option to pursue a career in her field of study but says that a “normal” job cannot match the profits she can make with crypto. China’s cryptocurrency bans aren’t always crystal clear…
Just-In: China Moves $2B Ethereum Seized In Ponzi Scheme, Bitcoin & XRP Next?
On Wednesday, hundreds of wallets moved $2 billion Ethereum seized by Chinese police in 2021 after authorities cracked down on the Plus Token ponzi scheme.
Blockchain Technology Market Booms with 44.3% CAGR, Set to Reach US$ 181.1 Billion by 2033
The demand for blockchain technology market is expected to increase at an astounding CAGR of 43.5% from 2022 to 2030, with the worldwide market expected to be valued at US$ 59.5 billion by that time.
Long-Dormant Wallets Tied to $2B PlusToken China Ponzi Moves 2.8K Ether
“Hundreds of wallets” tied to funds seized from the $4.2 billion PlusToken Ponzi scheme started moving thousands of ether (ETH) on Wednesday, creating chatter about more looming sell pressure among crypto market participants on X.…
China’s exports grow 7% in July, under forecasts, while imports gain momentum
Imports climbed 7.2% to $215.9 billion, picking up momentum on stronger trade with other Asian countries that now supply many industrial components, materials and consumer products to China. Exports …
China Exports Unexpectedly Slow in Warning Sign for Economy
China’s exports growth unexpectedly slowed in July, signaling a cooling of global demand that has been propping up growth in the world’s second-biggest economy.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew…
China’s Export Grows for Fourth Month But Trade Surplus Narrows
China’s exports grew for a fourth straight month, an uplift that’s likely insufficient to spur the economy in the absence of stronger domestic spending.
Trump’s Overtures to US Crypto Sector Put Global Hubs on Alert
Aspiring crypto hubs including Hong Kong, Singapore and Dubai face a more challenging outlook as a brightening US political backdrop for digital assets attracts the attention of companies and investors.
