Chinese Factories Slow in Early Sign of Trade War’s Toll
President Trump’s tariffs are already taking a toll on China’s factories. Three weeks into a trade war that pushed import tariffs of Chinese-made goods to 145 percent, an official report…
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Nomura’s China losses narrow as brokerage seeks turnaround
Nomura Holdings posted a smaller loss at its joint venture in China last year, as the brokerage seeks to turn around the business in the face of slowing growth and trade tensions. Net loss…
Asia: Markets struggle as trade war hits China factory activity
Stocks started limply on Wednesday as investors struggled to match Wall Street’s rally, with data showing Chinese factory activity contracted this month at its fastest pace for nearly two…
Retailers Fear Toy Shortages at Christmas as Tariffs Freeze Supply Chain
President Trump’s China tariffs are threatening Christmas. Toy makers, children’s shops and specialty retailers are pausing orders for the winter holidays as the import taxes cascade…
Prudential’s quarterly new business profit rises on strong Hong Kong, China growth
ENTIAL on Wednesday (Apr 30) reported a 12 per cent rise in new business profit for the first quarter, as the Asia-focused insurer benefitted from strong performance in its…
China asks drugmakers, hospitals to find US import substitutes
China has asked some of its state-owned drugmakers to study how they can reduce reliance on the US for pharmaceutical products and raw materials, sources familiar with the matter said, as…
Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Faster coffee. More baristas. More seating. Despite headwinds from higher coffee prices and tariffs on certain products, Starbucks is seeing progress on its turnaround strategy, its chief…
ASM’s orders beat estimates on strong demand from China
ASM International’s first-quarter orders beat estimates, fuelled by high demand for chipmaking equipment in artificial intelligence (AI) linked segments and solid sales in China. Orders…
UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
UPS said on Tuesday that it would cut 20,000 jobs this year as part of a long-term plan to reduce costs and bolster profit. The cuts come as President Trump’s tariffs are prompting some…
West Coast Ports Brace for China Tariffs to Dent Import Volume Within Days
Census Bureau data released on Tuesday showed a surge in U.S. imports starting last fall, from $268 billion at the end of October to $343 billion at the end of March, reflecting a push by…
'Hostile and political act': White House clashes with Amazon over idea to disclose tariff costs
The White House on Tuesday blasted Amazon over a proposal to show the cost of President Trump’s tariffs next to the price of some products on its e-commerce site. “This is a hostile and…
Are Shein and Temu Prices Going Up? What to Know as Trump Ends De Minimis Tariff Loophole
A loophole that has allowed American shoppers to buy lots of cheap goods from mainland China and Hong Kong without paying tariffs and filling customs forms is closing on Friday. Prices…
U.S. Gas Industry Pushes Back on Trump Shipbuilding Rules
Another rift has opened between the U.S. oil and gas industry and President Trump, this time over new rules designed to encourage domestic shipbuilding and undermine China’s maritime…
Porsche's Q1 profit margin plunges on China weakness, US tariffs
Luxury sports carmaker Porsche on Tuesday (Apr 29) said its operating margin fell to 8.6 per cent in the first quarter, below analyst estimates, hit by weaker demand in China as…
SMCP Sales Gain 2.6% in Q1 Amid Strategic Shift Away from China
PARIS – SMCP’s plan to decrease dependence on China is paying off, with first-quarter sales at the parent of Sandro and Maje rising 2.6 percent to 287 million euros at constant exchange…
China says willing to cooperate with US firms after Boeing spat
Among airlines that are willing recipients of the aircraft rejected by the country is Air India China is willing to support normal cooperation between US companies, the country’s…
China still backs overseas coal plants despite 2021 pledge, research shows
Chinese firms are still building new coal-fired power plants in Indonesia despite a 2021 pledge to stop financing coal projects overseas, according to an analysis of energy investments in…
Why Trump’s Economic Disruption Will Be Hard to Reverse
President Trump has made clear his intent to smash the reigning global economic order. And in 100 days, he has made remarkable progress in accomplishing that goal. Mr. Trump has provoked a…
First Sponsor reports subdued market sentiments affecting China property development in Q1 2025
It remains cautiously optimistic that government support this year will contribute to gradual market recovery in country First Sponsor reported that weak market sentiments in the first…
China claims no need for US grain as Brazil supplies grow
China’s grain supply will not be affected by a loss of US feed grain and oilseed imports, thanks to abundantly available substitutes on the global market and sufficient reserves at home, a…
China approves 10 new reactors in nuclear power ramp-up
The nation has 30 under construction, nearly half the global total, and is expected to leapfrog the US to become the world’s largest atomic energy generator by the end of the decade …
China says CK Hutchison’s ports deal must not try to avoid antitrust review
China’s top market regulator said on Sunday (Apr 27) that it was paying close attention to CK Hutchison’s planned sale of most of its ports operations to a BlackRock-led consortium and…
CapitaLand Investment’s launch of new C-Reit comes as it takes long-term view of China business
CapitaLand Investment (CLI) holds a long-term view of its business in China where it has built a strong foundation as part of the CapitaLand Group for over 30 years, said CLI’s group chief…
China Is the Hidden Issue in Canada’s Upcoming Election
Liberal candidates’ sympathy for (and outright alliance with) the Chinese Communist Party is just one sign of the CCP’s interference in Canadian politics. Source link