Latest in China’s industrial profits plunge as economic momentum falters
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China’s industrial profits plunge as economic momentum falters
Steep monthly decline in September comes as policymakers battle to restore confidenceBusiness - Financial Times - October 27 -
China's industrial profits plunge at fastest pace since the pandemic
The country's industrial profits declined 27.1% year-on-year in September.Business - CNBC - October 28 -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - October 30 -
Tencent Profit Momentum Continues on Gaming Strength
Tencent’s core gaming business delivered strong results as the Chinese technology giant contended with a cooling economy.Business - The Wall Street Journal - November 13 -
China loses third of its billionaires as economy falters
ByteDance chief Zhang Yiming leads country’s ‘rich list’ with $49bn fortuneWorld - Financial Times - October 29 -
Vistry shares plunge as cost overruns hit profits
UK housebuilder blames ‘insufficient management capability’ and ‘poor divisional culture’ for underestimating costsBusiness - Financial Times - November 8 -
Archer Daniels Midland Profit Plunges, Revenue Falls
Archer Daniels Midland said profit plunged in the third quarter, shortly after saying it would restate its 2023 filing with the Securities Exchange Commission, along with the first and second ...Business - The Wall Street Journal - 4 days ago -
China's steel exports expected to falter in 2025 as pain from tariffs spread
Steel producers in China face a double-whammy of mounting overseas tariffs and weakened domestic demand at home.Business - CNBC - October 25 -
Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans
German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.Business - CNBC - October 30 -
Ryanair profits plunge amid lower fares and Boeing delays
Problems with delivery of 737 aircraft left airline ‘over-crewed and over-costed’, says CEO Michael O’Leary. Business live – latest updates Ryanair’s profits have dropped by nearly a fifth, as ...World - The Guardian - November 4 -
Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console
Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.Business - CNBC - November 5 -
China approves $840B plan to refinance local government debt, boost slowing economy
China has announced a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt in the latest push to rev up growth in the world's second largest economyWorld - ABC News - November 8 -
Global Economic Leaders Confront a New Era of Industrial Policy
Policymakers brace for more protectionism and the demise of “neoliberalism” if Donald J. Trump is re-elected in the U.S.Business - The New York Times - October 26 -
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Remy Cointreau Warns of Sales Plunge as U.S., China Woes Persist
The maker of Remy Martin and Cointreau ditched its forecast of a gradual organic sales recovery over the course of the year to March 2025 and projected, instead, a decline in the double-digit ...Business - The Wall Street Journal - October 25 -
Estée Lauder shares plunge as China sales slump prompts dividend cut
Beauty group’s stock drops 25% after guidance withdrawn for rest of yearBusiness - Financial Times - October 31 -
China woes weigh on profits at Toyota, Honda and BMW
Even the strongest international carmakers are suffering from intense competition in the Chinese marketWorld - Financial Times - November 6 -
Western consumer groups unconvinced by China’s economic stimulus efforts
Falling sales for luxury, beauty and beer companies fuel doubts about Beijing’s attempts to boost confidenceBusiness - Financial Times - October 31 -
Here’s How China’s Chip Industry Plans to Deal With Trump’s Term
Anticipating further combative interactions over trade, the Chinese semiconductor industry is make new friends and boosting hiring.Business - Inc. - November 11 -
China retail sales beat forecasts in October while real estate slump worsens
Retail sales grew by 4.8% year-on-year, the National Bureau of Statistics said Friday. That was above the 3.8% forecasted in a Reuters poll, and a pickup from 3.2% growth in September.Business - CNBC - November 15 -
Mercedes-Benz and Porsche look for cost cuts after China slump hits profits
German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto marketBusiness - Financial Times - October 25 -
Beyoncé brings star power as Kamala Harris touts ‘freedom’ in Texas
Vice-president seeks to energise women voters as White House race against Donald Trump tightensBusiness - Financial Times - October 26 -
Nasdaq hits record high as tech stocks rebound from summer sell-off
Sharp turnaround from 15% slide as investors make ‘heads I win, tails you lose’ betBusiness - Financial Times - October 25 -
PwC profits fall in Asia after scandals in China and Australia
Big Four firm reports slower global growth as regional woes compound consulting industry slowdownBusiness - Financial Times - October 29 -
Foreclosures in China Soar, Threatening to Choke Off Bank Profits
When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.Business - The New York Times - November 4 -
Green Thumb Industries looks past ‘tricky time’ for cannabis stocks as the company notches another profit
Green Thumb’s Ben Kovler says the big drop in canna stocks this week isn’t causing the Chicago-based company to change course.Business - MarketWatch - November 8 -
Market veteran Howard Marks cautions that China's economic growth target is a 'Herculean challenge'
Veteran investor Howard Marks is hopeful about China's economy, but cautions that the country's growth target is a monumental challenge.Business - CNBC - 4 days ago -
Alibaba posts profit beat as China looks to prop up tepid consumer spend
The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world's second-largest economy.Business - CNBC - November 15 -
Japan’s Liberal Democratic Party Is Faltering
The Liberal Democrats, long the guiding force for Japan, are in disarray just when their country needs them the most.Top stories - The New York Times - October 29 -
Trump shows fresh signs of momentum
Welcome to The Hill's Campaign newsletter {beacon} Campaign Report Campaign Report The Big Story Trump shows fresh signs of momentum Vice President Harris saw a big surge, closing the gap with ...Politics - The Hill - October 24 -
The 2 decisions that crushed Harris’s momentum
There is not a single Democrat I speak with who believes Vice President Kamala Harris will win.Politics - The Hill - November 2 -
Ukraine front could 'collapse' as Russia gains accelerate, experts warn
Moscow's forces have taken more ground since September than they did over the course of 2023, analysts say.Top stories - BBC News - 3 days ago -
Payton Pritchard is thriving as a momentum shifter for Celtics
Payton Pritchard's "gut punch" buzzer-beater vs. the Bucks was the latest example of the Celtics guard shifting the energy off the bench.Sports - Yahoo Sports - October 29 -
Harris in final push for Michigan: 'We have momentum'
Vice President Harris on Sunday said momentum is on her side two days out from Election Day, in her final push for voters in the critical battleground state of Michigan. “We have momentum, it is on ...Politics - The Hill - November 4 -
AI agents’ momentum won’t stop in 2025
Interest in AI agents is high, and as enterprises get more comfortable with agents, 2025 may be the year AI agents finally go into production.Tech - VentureBeat - November 14 -
Lenovo Builds on AI Momentum With Earnings Beat
The PC maker’s earnings grew faster than expected, as Lenovo began to reap benefits from its bets on artificial intelligence.Business - The Wall Street Journal - November 14
