BMW recalls almost 700,000 cars in China on fire safety risk
BMW is recalling nearly 700,000 vehicles in China due to coolant pump defects, a fresh setback for the German carmaker that’s reeling from other vehicle faults. BMW will recall 499,539…
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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 investors digested a mixed Middle East outlook. Brent…
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 to US$1.3 billion, giving bankers and investors…
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 China, switched to cheaper household and personal…
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 it looks to further open up the world’s…
Video shows high-speed train passing through tunnels in China, not India
Screenshot of the false post, taken on October 14, 2024 The video has also been viewed over two million times alongside similar claims on Facebook and on social media site X. The railway…
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 50 basis points by the year-end depending on…
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 record high and following a tepid lead from Wall…
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 slowdown in consumer spending in China. Group…
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 bigger-than-expected fall in first quarter sales, caused…
China to almost double support for unfinished housing projects
China said Thursday it would boost credit available for unfinished housing projects to more than $500 billion as it unveiled another round of measures to shore up the sector and try to…
China boosts funds for housing projects to support embattled sector
BEIJING (Reuters) -China will expand a "white list" of housing projects eligible for financing and increase bank lending for such developments to 4 trillion yuan ($562 billion), Minister…
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 wealthiest person. Fast forward to Wednesday (Oct…
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. The country’s largest life insurer forecasts that…
China set to post slowest quarterly growth this year: analysts
China's economy likely expanded at its slowest pace this year, according to an AFP survey ahead of data Friday, as authorities struggle to reignite consumption amid a chronic debt crisis…
Video shows one of Taiwan's F-16s tracking a Chinese J-15 fighter jet with its sniper pod during war games
A new video shows one of Taiwan's F-16 tracking a Chinese J-15 fighter jet. The video is from China's massive military exercise around Taiwan on Monday. The "Joint Sword-2024B" drill…
FrieslandCampina in spotlight as China embarks on EU dairy probe
FrieslandCampina is one of three EU dairy companies named by China to undergo a sampling exercise as part of an anti-dumping probe launched in August. China’s commerce ministry identified…
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 the pandemic, as rising prices and economic…
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 decline in quarterly sales since the pandemic as demand…
Petronas’ exploration in South China Sea will continue, Malaysia PM says
MALAYSIA’S Prime Minister Anwar Ibrahim on Tuesday (Oct 15) reiterated that state energy firm Petronas will continue to conduct oil and gas exploration activities in Malaysia’s exclusive…
Philippines Says China Ship Hit Fisheries Vessel in Disputed Sea
(Bloomberg) -- The Philippines said a Chinese maritime militia vessel “deliberately sideswiped” and caused minor damage on a government fisheries boat in the South China Sea amid lingering…
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 officials crack down on subsidies underpinning…
EU, China face hurdles in clinching EV deal before tariffs start
TRADE negotiations between the European Union and China have been plagued by major disagreements, with planned tariffs on Chinese-made electric vehicles (EVs) likely to kick in at the end…
China-Europe rivalry heats up at Paris car show as EV tariffs loom
4 min read Last Updated : Oct 14 2024 | 11:40 PM IST Chinese and European automakers went head-to-head at the Paris car show on Monday, with tensions running high as the EU gears up to…