Latest in China Impairment Hits
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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 -
UK borrowing costs rise as Reeves’ spending plans unnerve investors
Ten-year gilt yield hits five-month high after chancellor’s first BudgetBusiness - Financial Times - October 30 -
AstraZeneca China president under investigation by Chinese authorities
British drugmaker says Leon Wang is ‘co-operating with an ongoing investigation’Business - Financial Times - October 30 -
How Volkswagen Lost Its Way in China
A brutal price war, sudden shifts in consumer demand and human rights issues in Xinjiang have left VW stumbling in a market it led for 40 years.Business - The New York Times - October 31 -
Smith & Nephew cuts outlook on China weakness
FTSE 100 medical manufacturer reports price pressures and worse-than-expected demandWorld - Financial Times - October 31 -
AstraZeneca Probe in China Adds to Concerns for Foreign Businesses
An investigation involving the drugmaker’s China president is the latest crackdown to trigger uncertainty in the industry about Beijing’s intentions.Business - The Wall Street Journal - October 31 -
Taiwan braces for US election as China tensions rise
TAIPEI -- Taiwan is bracing for the results of the U.S. election, with some officials worried about what a new Trump administration could mean given the former president’s isolationist views. On ...Politics - The Hill - 6 days ago -
China Isn't Planning a 'Bazooka' Stimulus---at Least Not This Year
Hopes that China is awaiting the results of the U.S. election to unveil a huge stimulus package are unikely to be fulfilled, though a smaller package is expected soon.World - The Wall Street Journal - 4 days ago -
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 - 3 days ago -
Ferrari reiterates guidance as China deliveries fall sharply
Ferrari on Tuesday reiterated guidance that it had increased earlier in the year as the sports-car maker said shipments fell sharply in China.Business - MarketWatch - 3 days ago -
Beijing prefers neither: China’s view of the US election
China’s approach could be summarized as calibrating its strategies to account for the leader in the Oval Office in the areas of economy, foreign policy and Taiwan.Politics - The Hill - 3 days ago -
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AstraZeneca shares fall as China probe intensifies
Investigation of group’s China chief Leon Wang comes after several employees were found guilty of fraudWorld - Financial Times - 3 days ago -
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 - 2 days ago -
The New Investment Superpower Outflanking China and the U.S. in Africa
The tiny United Arab Emirates has invested billions in east Africa, where it is now emerging as a significant player, at times muscling out China and annoying the U.S.World - The Wall Street Journal - 2 days ago -
AstraZeneca’s top China executive detained by authorities
Pharmaceutical group confirms four other current and ex-executives investigated, in addition to Leon WangWorld - Financial Times - 2 days ago -
China Has Detained a Senior AstraZeneca Executive
Leon Wang, executive vice president in charge of China and the broader Asian region, is being detained while the Chinese government is probing AstraZeneca employees, the drugmaker says.Business - The Wall Street Journal - 2 days ago -
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 - 10 hours ago -
US citizen arrested in Germany on suspicion of spying for China
An American citizen who allegedly spied for China was arrested on Thursday, Germany's federal prosecutor office said, as reported by The Associated Press. The suspect, Martin D., was arrested in ...Politics - The Hill - 19 hours ago -
Indonesia’s president seeks closer ties to Xi and China
First foreign trip in office signals Beijing’s importance for investment but will be followed by US visitWorld - Financial Times - 20 hours ago -
Richemont Sales Fall as Luxury's China Woes Linger
The Cartier owner said weaker consumer spending in China hit sales as a luxury downturn that is hurting most of the players in the industry rumbles on.Business - The Wall Street Journal - 15 hours ago -
China unveils $1.4tn package to shore up economy
Beijing is bracing for increased trade tensions with US under Donald TrumpWorld - Financial Times - 13 hours ago -
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Market responds negatively to latest China stimulus moves
Futures on Hong Kong-listed stocks slumped on Friday after the country unveiled its stimulus program.Business - MarketWatch - 10 hours ago -
Oil ends down on the day, up for the week on conflicting supply-demand prospects
Oil futures finished lower on Friday, with China’s latest round of stimulus measures failing to lift expectations for energy demand in the face of President-elect Donald Trump’s support for more ...Business - MarketWatch - 2 hours ago -
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'Make China Great Again': How China's social media views the U.S. election
NBC News' Janis Mackey Frayer reports from Beijing on an apparent difference of opinion between the Chinese government and the country's social media over the best outcome from the U.S. ...Politics - NBC News - October 23 -
China building ‘counter-stealth’ radar on disputed South China Sea reef, satellite pictures suggest
Upgraded Triton Island outpost in the Paracel archipelago expands China’s surveillance capabilities in the region. The Chinese military is constructing a new counter-stealth radar system on a ...World - The Guardian - October 26 -
Gambling stocks hit by fears of UK Budget tax grab
Ladbrokes owner Entain falls 8% while Flutter loses 6%World - Financial Times - October 14 -
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Report: Injuries cost top clubs $800M last season
Players in Germany's Bundesliga are most likely to be injured amongst Europe's top five domestic leagues but England's Premier League bears the most injury-related costs, according to a report ...Sports - ESPN - October 16
