Latest in Asia China Consumer
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China consumer slowdown weighs on U.S. earnings again
From Apple to Starbucks, U.S. consumer brands are reporting yet another quarter of China sales declines.Business - CNBC - 4 days ago -
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 -
Asia braces for steep China tariffs in second Trump term
Former president has outlined plans to revive trade war with Beijing and questioned backing for TaiwanWorld - Financial Times - 3 days ago -
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 -
Russia Explores Plan to Merge Oil Giants Into Mega Producer
The resulting company would be the world’s second-largest crude producer, behind Saudi Arabia’s Aramco, and would pump almost three times the output of Exxon Mobil.World - The Wall Street Journal - 12 hours ago -
Qatar Tells Hamas Leaders To Leave
The Gulf state’s move comes after more than a year of trying to leverage the group’s presence to broker a cease fire with Israel.World - The Wall Street Journal - 3 hours ago -
Starmer vows to rip up bureaucracy to unleash ‘shock and awe’ of investment
Prime minister targets competition authority and other regulators he believes are stifling global appealBusiness - Financial Times - October 14 -
Switzerland’s wealth managers bank on a future in Asia
Hong Kong and Singapore are the world’s rising wealth centresWorld - Financial Times - October 16 -
BRC Asia (SGX:BEC) Will Pay A Dividend Of SGD0.06
BRC Asia Limited ( SGX:BEC ) has announced that it will pay a dividend of SGD0.06 per share on the 15th of November...Sports - Yahoo Sports - October 16 -
Ancient Cities Unearthed in Mountains of Central Asia
The discovery suggests that trade routes along the Silk Road were far more complex than previously understood.Science - The New York Times - October 23 -
FirstFT: Twin scandals hit PwC’s Asia profits
Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?World - Financial Times - October 29 -
Moncler Revenue Falls on Lower Demand in Asia, Europe
The Italian fashion group said the results were hit by lower consumer confidence in several markets, as the luxury industry continues to grapple with a period of volatility.Business - The Wall Street Journal - October 29 -
Hidden sugars in Asia’s baby food spark concerns
The BBC takes a closer look at the products more and more parents are turning to for their children.Top stories - BBC News - October 31 -
US shares and Bitcoin hit record highs on Trump win
The result could have a far-reaching implications for tax and trade policy, as well as economies around the world.Top stories - BBC News - 2 days ago -
Asia will get rough end of the Trump trade
Process of pricing in rising protectionism in the auto sector has barely begunWorld - Financial Times - 2 days ago -
Consumer confidence surges ahead of election
American consumers are feeling more confident ahead of Election Day, but they’re still not as confident as they were before the pandemic, according to a new survey from The Conference Board, a ...Politics - The Hill - October 29 -
Flying Into Storms Improves Forecasts, but It Is Rare in Asia’s Typhoon Alley
While observational flights have improved forecasts for many storms in the Americas, such flights have been far fewer for storms that have hit Asia.World - The New York Times - October 16 -
Indian investors give short shrift to Asia’s biggest IPO of 2024
Retail share buyers largely shun $3.3bn listing of Korean carmaker Hyundai’s Indian unit as auto industry sales coolWorld - Financial Times - October 21 -
Japan Election: Asia’s Most Stable Democracy Is Sent Into Chaos
Deep-seated grievance among Japanese voters has put the Liberal Democrats, longstanding custodians of the status quo, on notice.World - The New York Times - October 28 -
Asia has ‘enormous’ shortfall of funds to adapt to climate change, warns ADB
Development bank report says region still needs hundreds of billions of dollars for action to tackle impact of global warmingWorld - Financial Times - October 31 -
EstéeLauder Shares Plunge 21% After It Slashes Dividend
The cosmetics giant withdrew its outlook for the current year after reporting another quarter of falling sales.Business - The Wall Street Journal - October 31 -
Asia review – another David Attenborough masterclass in beautiful TV
The national treasure is back with a witty, warm televisual wonder, this time exploring the most populous and stunningly biodiverse continent. But where is the urgency about the climate crisis?. ...World - The Guardian - 5 days ago -
Japan Wins First Ever IIHF Asia Women's Championships
Japan dominated the competition going undefeated, without allowing a goal, at the first ever Asia Women's Championships in Beijing.Sports - Yahoo Sports - 4 days ago -
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American consumers are increasingly underwater on their car loans
Edmunds.com reported that the average amount owed on upside-down loans climbed to an all-time high of $6,458 during the third quarter.Business - CNBC - October 15 -
American consumers are increasingly underwater on their car loans
DETROIT — A growing number of Americans with auto loans owe more than their vehicles are worth, according to a report Tuesday from Edmunds.com.Top stories - NBC News - October 15 -
Wells Fargo CEO calls consumers 'extremely resilient'
Wells Fargo CEO Charlie Scharf gave CNBC's Jim Cramer a positive read on the consumer landscape.Business - CNBC - October 15 -
Consumer Fears of Credit Card Delinquency Rise
A monthly New York Fed survey finds that while people felt generally positive about inflation, income, and jobs, fear of failing to make debt payments rose to a four-year high.Business - Inc. - October 16 -
Why U.S. Economic Health Depends on Wealthy Consumers
Affluent Americans are driving retail spending, which could sustain healthy growth for the next year.Business - Inc. - October 18 -
Consumer watchdog cautions companies against snooping on workers
Surveillance tech has expanded abilities of firms to track employees, often without their consent, fed agency says.Top stories - CBS News - October 24 -
UK consumer and business confidence weaken ahead of Budget
Indices hit lowest levels this year as Britons ‘hold their breath’ for tax rises on October 30Business - Financial Times - October 24 -
FirstFT: US consumers continue to spend, spend, spend
Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election resultWorld - Financial Times - October 31 -
Carlsberg Misses Sales Expectations on Weak Consumer Backdrop
The Copenhagen-based brewer didn’t meet revenue and sales volumes expectations due to a poor performance in China and other countries, but reiterated its full-year guidance.Business - The Wall Street Journal - October 31
