Porsche AG’s sales plummeted in China during the third quarter as a decline in luxury spending and a shift to local electric brands in Asia’s biggest economy weighed on Europe’s high-end carmakers.
Tagged By import
Taiwanese Employees of Apple Supplier Detained in China
Taiwan’s government said that they had been accused of a breach of trust, but that their employer, Foxconn, had denied the company suffered any losses.
Trump-Themed PoliFi Tokens Buck Bitcoin Downtrend as China Stimulus Hopes Return
Trump’s odds of winning the U.S. presidential election have surged to a more than two-month high. Plus, the market is stagnant despite hopes of another round of stimulus in China.
China may unveil $283 billion in new stimulus this weekend
Beyond the amount of any fiscal package, the target of support will indicate where the government looks to steer its economy after years of debt-fueled expansion through investment, particularly in real estate and infrastructure.
China investors expect $369 billion of new stimulus this weekend
BEIJING – China may deploy as much as 2 trillion yuan (S$369 billion) in fresh fiscal stimulus as Beijing seeks to shore up the world’s No. 2 economy and boost confidence, investors and analysts said.
China’s exports likely slowed further in September as global demand cools
China’s exports are likely to have risen at the slowest pace in five months in September, suggesting manufacturers are no longer rushing out orders ahead of tariffs from several trade partners and …
After raising $50m for its US IPO in 2021, Kuke gets sued by classical music group Naxos for alleged $1.8m in missed payments
Indie classical music label group Naxos has sued Kuke, a classical music streaming service from China, alleging that Kuke has failed to make more than $1.8 million in payments over the past three …
China to lift 4-year ban on Australian lobster imports, Australia’s prime minister says
Prime Minister Anthony Albanese makes announcement after meeting Premier Li Qiang on the sidelines of summit in Laos …
WSJ: Sheinbaum administration wants US help to reduce Mexico’s imports from China
The Wall Street Journal reports Sheinbaum administration officials are talking to U.S. companies about reducing Mexico’s imports from China.
Increasing Losses Prompt Zephyrm Bioscience To Seek Funds Through IPO
Zephyrm Bioscience’s losses have increased by more than two times year-on-year to 237 million yuan in the first half of 2024 The company has only four products, with only one product in Phase II …
China launches ¥500 billion funding scheme to support stock market
China’s central bank starts a ¥500B funding scheme to aid the stock market, allowing financial institutions to apply for support.
ZJK Crafts Small But Sturdy IPO With Its Focus On Nuts-And-Bolts
ZJK’s shares rose as much as 36% in their first week of trade on the Nasdaq, despite its relatively small IPO with only 2% of its shares sold The maker of fasteners and other components…
China Resources Beverage to launch up to $700 million IPO next week, sources say
Drinks maker China Resources Beverage is set to launch its Hong Kong initial public offering (IPO) next week, aiming to raise up to $700 million, said two people with direct knowledge of the matter, …
