November 11, 20240 Comments

Asia stocks fall as China stimulus disappoints, deflation persists By Investing.com

Investing.com– Most Asian stocks fell on Monday (NASDAQ:) as fresh fiscal stimulus from China largely underwhelmed, while data over the weekend showed deflation in the country remained in play.  Regional markets brushed off a strong lead-in from Wall Street, which rose on Friday and remained at record highs amid persistent optimism over a Donald Trump presidency. U.S. stock index futures rose in Asian trade, with focus turning to upcoming inflation

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November 11, 20240 Comments

China schedules meeting expected to reveal fiscal stimulus details

A general view shows the skyline over the central business district in Beijing on Feb. 28, 2023. Jade Gao | Afp | Getty Images BEIJING — China’s parliament will hold a highly anticipated meeting Nov. 4 to 8, state media said Friday, according to a CNBC translation. Investors have been awaiting news of the gathering of the standing committee of the National People’s Congress, which is expected to announce details

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November 11, 20240 Comments

Toyota aims to ramp up China production in a strategy pivot, sources say By Reuters

By Maki Shiraki TOKYO (Reuters) – Toyota aims to make at least 2.5 million vehicles a year in China by 2030, three people said, an overhaul that will see it bring its Chinese sales and production operations closer together and allow local executives a freer hand in development. The plan, which has not been previously reported, represents a strategic pivot by the world’s top selling automaker in the world’s largest

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November 11, 20240 Comments

Oil Falls; China Concerns Weigh

Oil prices were lower in early Asian trade. The market remains concerned about the effects of Trump’s promised tariffs on China’s economic growth, as it may crimp oil demand, ANZ said. Source link

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November 9, 20240 Comments

Exclusive-Toyota aims to ramp up China production in a strategy pivot, sources say By Reuters

By Maki Shiraki TOKYO (Reuters) – Toyota aims to make at least 2.5 million vehicles a year in China by 2030, three people said, an overhaul that will see it bring its Chinese sales and production operations closer together and allow local executives a freer hand in development, The plan, which has not been previously reported, represents a strategic pivot by the world’s top selling automaker in the world’s largest

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November 8, 20240 Comments

China is trying to fix its economy

Reuters Donald Trump and Xi Jinping at their last face-to-face meeting in 2019 China has unveiled new measures aimed at boosting its flagging economy, as it braces for a second Donald Trump presidency. The country plans to tackle tens of billions of dollars of local government debt to prevent it being a drag on growth. Trump won the US election on a platform that promised steep import taxes, including tariffs

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November 8, 20240 Comments

European shares log third week of declines on China, tariff jitters By Reuters

By Shashwat Chauhan and Sruthi Shankar (Reuters) -Europe’s benchmark logged its third consecutive week of declines on Friday, hurt by underwhelming stimulus measures from China as well as concerns about tariffs under a Trump presidency hurting economic growth. The pan-European STOXX 600 closed down 0.6%, with China-exposed sectors such as miners and luxury losing more than 3% each. Most major subsectors were in the red barring defensive sectors such as

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November 8, 20240 Comments

Cartier-owner Richemont’s sales dip on China downturn, jewellery shines By Reuters

By John Revill and Mimosa Spencer ZURICH (Reuters) -Cartier jewellery owner Richemont (SIX:) reported a dip in quarterly sales on Friday, as the luxury goods group largely offset tougher conditions in China with growth elsewhere. The owner of Swiss watchmakers including IWC, Jaeger-LeCoultre and Piaget said sales fell by 1% at constant exchange rates to 4.81 billion euros ($5.19 billion), slightly above analyst consensus forecasts of 4.78 billion euros cited

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November 8, 20240 Comments

Steve Madden to slash China sourcing as Trump’s tariff plan looms

The logo of the label Steve Madden at the fashion fair Premium.  ens Kalaene | Picture Alliance | Getty Images Steve Madden said Thursday that it will slash the goods it imports from China by as much as 45% over the next year as it braces for President-elect Donald Trump to carry out his pledge for steep tariffs on imports from other countries. On an earnings call, CEO Edward Rosenfeld said

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