Slowdown
China’s ‘old shop’ jeweller bucks slowdown with 437% stock rally
IF ANYTHING glitters in China’s otherwise dour retail jewellery landscape, chances are it just might be from Laopu Gold.The Bejing-based jeweller, whose Chinese name translates to “old shop”, is...
Hong Kong tycoon Cheng’s jeweller sees steep revenue fall amid slowdown
CHINA’S largest jewellery retailer Chow Tai Fook Jewellery Group saw revenue plunge 20.4 per cent in the half year ended September, the biggest drop for the period since 2016...
PetroChina profits fall on weaker oil and economic slowdown
Cumulative losses for the nation’s fuel-makers total 32 billion yuan this year till September, amid a downturn in the nation’s property sector and a shift towards electric transportationPETROCHINA’S profit...
L’Oreal sales hurt by deepening demand slowdown in China
L’OREAL posted disappointing sales last quarter as the beauty company suffers from worsening consumer demand in China.Like-for-like sales in North Asia, which includes China, fell 6.5 per cent in...
Global defensive sector funds see surge in inflows on slowdown fears
GLOBAL defensive sector funds are in demand from investors as concerns about a slowdown in the US economy forces them to seek assets such as consumer staples and utilities...
Zara owner Inditex sees early autumn sales perk up after summer slowdown
ZARA owner Inditex reported a jump in sales of its autumn/winter collection on Wednesday (Sep 11), boosting its share price as the world’s largest listed fashion retailer recovered from...
Global bond yields fall to two-year low as slowdown fears grow
GLOBAL bond yields slid to a two-year low this week due to concern over slowing growth in major economies and increasing expectations for interest rate cuts. The average yield...
Renault says EV slowdown could lead to billions in fines in EU
Renault chief executive officer Luca de Meo called on the EC to have “a bit of flexibility” regarding upcoming targets of EV sales and charging station installationsAutomakers could incur...
