A Chinese and U.S. flag at a booth during the first China International Import Expo in Shanghai, taken on taken on November 6, 2018. Johannes Eisele | AFP | Getty Images Beijing called Washington’s potential restrictions on U.S. investments in China “the latest attempt at a decoupling,” in a Global […]
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Forever 21 files for bankruptcy, plans to close most of its stores in Asia and Europe
Pedestrians pass in front of a Forever 21 store in New York. Scott Mlyn | CNBC Apparel retailer Forever 21 said Sunday night it is filing for Chapter 11 bankruptcy protection. The fast-fashion retailer obtained $275 million in financing from its existing lenders with JPMorgan Chase and $75 million in […]
Budweiser APAC opens at HK$27.40 per share, up 1.5% in its IPO
Budweiser beer products manufactured by Anheuser-Busch InBev NV sit on display during a news conference in Hong Kong, China, on Thursday, July 4, 2019. Kyle Lam | Bloomberg | Getty Images Budweiser APAC opened higher by nearly 1.5% in its initial public offering in Hong Kong on Monday in the second […]
Budweiser APAC surges more than 5% in its IPO, the second biggest debut in 2019
Budweiser APAC’s debut at the Hong Kong stock exchange on September 30 2019. Patrick Allen | CNBC Budweiser APAC opened higher by nearly 1.5% in its initial public offering in Hong Kong on Monday in the second largest IPO this year. Its shares opened at 27.40 Hong Kong dollars ($3.49) a […]
Budweiser APAC surges about 4% in its IPO, the second biggest debut in 2019
Budweiser APAC’s debut at the Hong Kong stock exchange on September 30 2019. Patrick Allen | CNBC Budweiser APAC opened higher by nearly 1.5% in its initial public offering in Hong Kong on Monday in the second largest IPO this year. Its shares opened at 27.40 Hong Kong dollars ($3.49) a […]
A private survey shows China’s manufacturing activity expanded more than expected in September
Workers sewing shoes at a factory in Qingdao in China’s eastern Shandong province. AFP | Getty Images Two widely watched indicators on China’s manufacturing activity were released on Monday. A private survey of China’s manufacturing activity, the Caixin/Markit factory Purchasing Managers’ Index (PMI), was 51.4 for September. Analysts polled by Reuters […]
Two indicators for China’s manufacturing activity beat expectations
Workers sewing shoes at a factory in Qingdao in China’s eastern Shandong province. AFP | Getty Images Two widely watched indicators on China’s manufacturing activity came in above expectations on Monday. A private survey of China’s manufacturing activity, the Caixin/Markit factory Purchasing Managers’ Index (PMI), was 51.4 for September — […]
China’s official manufacturing PMI contracted for the fifth straight month
Workers sewing shoes at a factory in Qingdao in China’s eastern Shandong province. AFP | Getty Images China said on Monday that manufacturing activity in the world’s second-largest economy contracted for the fifth straight month. The official Purchasing Managers’ Index (PMI) was 49.8 in September — slightly exceeding the 49.5 that analysts […]
China’s tech ambition is ‘unstoppable’ — with or without the trade war, analyst says
President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | Reuters China is closing in on the U.S. in some areas of technology and could soon even overtake America in […]
Constricting investments into Chinese companies could hit the US as hard as it hits China
BEIJING — Possible U.S. restrictions on investing in Chinese companies would not only have a limited effect on China — but it could also hurt the United States, analysts told CNBC. The comments come on the back of reports that the White House is considering investment curbs on China, such as […]