Latest in Reiterates Guidance China
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TikTok founder becomes China's richest man
Zhang Yiming's fortune has leapt to almost $50bn, according to a newly published rich list.Top stories - BBC News - October 29 -
India's growing influence means trouble for China’s alliance
India is becoming more important, something not good for China.Politics - The Hill - October 29 -
FirstFT: Harris calls on America to ‘turn the page’ on Trump
Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after resultsWorld - Financial Times - 6 days ago -
China’s Latest Security Target: Halloween Partygoers
Last year, the Shanghai government said Halloween celebrations were a sign of “cultural tolerance.” This year, the police rounded up people in costume.World - The New York Times - October 30 -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - 6 days ago -
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 - 6 days ago -
AstraZeneca China president under investigation by Chinese authorities
British drugmaker says Leon Wang is ‘co-operating with an ongoing investigation’Business - Financial Times - 6 days ago -
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 - 5 days ago -
China warning hits another medical equipment maker
Smith & Nephew shares slumped on Thursday as it became the second health equipment company in a week to warn that Chinese sales were getting hit hard.Business - MarketWatch - 5 days ago -
Smith & Nephew cuts outlook on China weakness
FTSE 100 medical manufacturer reports price pressures and worse-than-expected demandWorld - Financial Times - 5 days ago -
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 - 5 days ago -
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 - 3 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 - Yesterday -
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 - 21 hours 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 - 12 hours 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 - 8 hours ago
