Business
Oil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlook
OIL futures fell on Friday (Oct 18), declining more than 7 per cent on the week after data showed China’s economic growth slowed and…
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China
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Hong Kong marks busiest IPO week in nearly two years with China stimulus giving hope to dealmakers
Hong Kong has recorded its busiest week for new (initial public offering) IPO launches in almost two years with deals opened to raise up…
Business
P&G misses quarterly sales estimates on weakening demand in US, China
PROCTER & Gamble missed Wall Street expectations for first-quarter sales on Friday (Oct 18), as consumers in its major markets, the US and…
Business
China approves BNP Paribas, Prudential insurance ventures
CHINA has approved separate insurance units to be set up by BNP Paribas and Prudential Financial, a regulator said on Friday (Oct 18), as…
Business
China central bank chief flags more interest rate cuts
CHINA’S central bank governor said on Friday (Oct 18) the reserve requirement ratio for commercial lenders could be cut further by 25 to…
Business
Asia: Markets swing as China economic growth slows
ASIAN markets fluctuated on Friday (Oct 18) after China posted its weakest economic growth in a year and a half, as gold prices hit a…
Business
Ray-Ban maker EssilorLuxottica misses sales expectations as China slows
FRANCO-ITALIAN eyewear maker EssilorLuxottica, opens new tab missed third-quarter revenue expectations on Thursday (Oct 17), dented by a…
Business
China woes drag down Pernod Ricard first quarter sales
FRENCH spirits maker Pernod Ricard said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a…
Business
Bernard Arnault’s US$37 billion wealth loss comes as luxury dims in China
EIGHTEEN months ago, LVMH shares were trading at a record high and the group’s controlling shareholder, Bernard Arnault, was the world’s…
Business
China Life says profit to jump up to 185% on market rally
CHINA Life Insurance said profit for the first nine months is expected to increase as much as 185 per cent, buoyed by investment returns.…
Business
Asian markets decline as chip stocks fall, China remains in focus
The yen was steady at 149.155 per dollar but is down 3.6 per cent in October as the dovish tilt from the Bank of Japan drags the currency.…
Business
LVMH third-quarter sales fall 3% as China weighs
FRENCH luxury giant LVMH reported a 3 per cent fall in third-quarter sales on Tuesday (Oct 16), its first decline in quarterly sales since…
Business
LVMH sales fall 3% as China demand for luxury goods worsens
FRENCH luxury giant LVMH reported a 3 per cent fall in third-quarter sales on Tuesday (Oct 15), undershooting estimates in its first…
News
Taiwan details record surge in Chinese fighter planes involved in war games
A ministry map showed 28 of those aircraft had crossed the sensitive median line of the Taiwan Strait 3 min read Last Updated : Oct 15…
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China Eastern pulls Madrid service amid subsidy crackdown
CHINA Eastern Airlines is pulling its twice-weekly flight from Wenzhou to Madrid at the end of this month as the country’s aviation…
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Network issue: India still lags US and China in 5G rollout, shows data
2 min read Last Updated : Oct 14 2024 | 11:30 PM IST India’s journey with 5G still has a long way to go. The country ranked 33 out of 39…
Business
LVMH investors jittery over anaemic China demand for European designer goods
INVESTORS in French luxury group LVMH are eager for signs that China’s new fiscal stimulus measures can finally pull wealthy and…
News
Taiwan monitors PLA aircraft and PLAN vessels near ADIZ amid tensions
This incursion is part of ongoing tension between Taiwan and China, with frequent military activity by Beijing around the island | File…
Business
Bernstein quants downgrade Indian stocks, predict further upside for China
Indian equities remain among the most expensive in the world. | Photo: Bloomberg 2 min read Last Updated : Oct 10 2024 | 11:09 PM IST By…
Business
China leads Asian stocks lower on weak stimulus
CHINESE equities were standout underperformers in Asia on Wednesday (Oct 9) as traders weighed weak economic data and Beijing’s reluctance…
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Indonesia to impose anti-dumping duties on some flat-rolled iron products from China, South Korea, Taiwan
INDONESIA will impose anti-dumping duties on some flat-rolled iron products from China, South Korea and Taiwan starting next week,…
Business
Fed rate cuts will push liquidity across the globe, including to China, despite strong US jobs data
China may be drawing funds from regional markets now, but global liquidity flows to Asia could be the proverbial tide that lifts all boats…
Business
Apple replicates China manufacturing model in India: How is it working out?
6 min read Last Updated : Oct 06 2024 | 10:30 PM IST This year Apple Inc vendors in India are assembling the latest iPhone 16…
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Amir Ali to lead India's Jr Hockey team with coach Sreejesh in SJC
PR Sreejesh (PTI Photo/Sha 2 min read Last Updated : Oct 06 2024 | 3:10 PM IST Amir Ali has been named captain, with Rohit as his deputy,…