To spot a potential comeback story in the luxury goods industry, look for the brand with the smallest handbags.Luxury companies have a lot riding on the “super mini” purses and $1,200 wallets on a …
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Chinese electric vehicle stocks rip big gains again on stimulus exuberance
The Shanghai Composite Index registered its ninth straight day of gains, with an 8.1% rise, just as the market starts its week-long China National Day holiday. The blue-chip CSI 300 Index rallied 8.5% …
Stellantis and Aston Martin shares drop sharply after profit warnings amid China woes
Stocks of European carmakers hemorrhaged early on Monday as Stellantis and British luxury brand Aston Martin issued profit warnings.
China’s September factory PMI below 50 for 5th straight month
A key indicator of China’s manufacturing activity fell below the boom-or-bust line in September for the fifth straight month, as a slowdown in domestic demand amid a prolonged real estate slump led an …
China records biggest rally since 2008, soaring 8%
The Chinese stock market rose ~8% on Monday, marking it’s biggest rally since 2008, boosted by a better than expected PMI data. The SSE Composite Index also registered its ninth s …
Donald Trump’s ‘Crucial’ China Nightmare Is Suddenly Coming True
China’s former minister of finance, Zhu Guangyao, has warned Trump’s embrace of bitcoin and crypto means it can no longer be
Dodge-maker Stellantis and Aston Martin drop sharply after profit warnings amid China woes
Stocks of European carmakers hemorrhaged early on Monday as Stellantis and British luxury brand Aston Martin issued profit warnings.
Carote’s Hong Kong IPO Is Said to Have Drawn Hillhouse, Shunwei
Chinese kitchenware maker Carote Ltd., which is set to be the first company to list in Hong Kong since Midea Group Co.’s $4.6 billion debut, has drawn interest from investors including Hillhouse …
China’s factory activity contracts less than expected in Sep, shrinks for fifth straight month
China’s manufacturing activity slightly improved in September 2024 from August’s six-month low, surpassing expectations. However, services activity slowed, missing market forecasts and..
Editorial: China urged to promptly resume Japan seafood imports under new accord
The Chinese government has agreed to lift the complete ban on seafood imports from Japan, put into force following the discharge of treated radioactiv …
China’s Corn Surges on Stimulus Measures, Falling Imports
China’s corn futures rose the most in more than eight months thanks to a series of stimulus measures from Beijing that has boosted expectations for a demand recovery.
China Is Missing in America’s Election Debate
Other than a few glib remarks, surprisingly little was said about China at this month’s US presidential debate. Former President Donald Trump asserted that his proposed import tariffs would punish …
China’s Former Minister of Finance Calls Crypto a ‘Crucial Aspect’ of Digital Economy
The former minister called on Beijing to study the industry in light of Republican candidate Donald Trump’s comments on crypto.
