Reported about 2 months ago
Shein and Reliance Retail are set to boost their Indian supplier network significantly, aiming to sell India-made Shein-branded clothing internationally within 6 to 12 months. The companies plan to expand from 150 to 1,000 local suppliers to support this initiative, which follows Shein's return to India in 2020 under a licensing agreement after its app was previously banned. This much-anticipated collaboration represents a strategic move to diversify sourcing and cater to both domestic and global markets.
Source: YAHOO
Reported about 2 months ago
Qualcomm has announced its acquisition of British semiconductor company Alphawave for approximately $2.4 billion to bolster its AI data center portfolio. This move aims to diversify Qualcomm's offerings as it seeks to lessen its reliance on the smartphone chip market. Alphawave's share price surged over 22% following the news, and the deal is expected to close in the first quarter of 2026.
Source: YAHOO
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
Taiwan's exports reached a record high of $51.74 billion in May, boosted by strong demand for artificial intelligence and preemptive orders against potential US tariffs. This marks a 38.6% increase year-on-year, the fastest growth in nearly 15 years, and the first time exports exceeded $50 billion. Major tech companies like TSMC are significant contributors to this surge, although concerns remain about the impact of US tariffs and geopolitical risks on the economy.
Source: YAHOO
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
China's exports grew at their slowest pace in three months in May, impacted by significant U.S. tariffs, while factory-gate deflation reached its worst level in two years. Exports to the U.S. plummeted 34.5% year-on-year, and overall exports rose only 4.8%, below expectations. Meanwhile, imports declined 3.4%, highlighting frail domestic demand amidst rising external pressures. Despite some easing of tariffs, trade tensions continue, with economists predicting challenging conditions ahead for China's economy.
Source: YAHOO
Reported about 2 months ago
Global markets showed mixed results as investors anticipated the outcomes of trade discussions between the United States and China in London. While futures for the S&P 500 and Dow Jones ticked slightly higher, European markets reflected varying trends. Asian indices, particularly Japan's Nikkei and South Korea's Kospi, posted gains despite economic concerns, including a slowdown in China's exports. Wall Street experienced a rally due to robust US job data although there are underlying worries about the impact of ongoing trade tensions and tariffs.
Source: YAHOO
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
L'Oreal has announced its acquisition of a majority stake in the British skincare brand Medik8, enhancing its presence in the dermatological market. While the financial details were not disclosed, the deal values Medik8 at approximately 1 billion euros. This strategic move is expected to bolster L'Oreal's luxury portfolio amidst slowing sales growth in its luxury division.
Source: YAHOO
Reported about 2 months ago
In May, China's exports to the United States fell by 35% compared to the previous year, raising concerns for the country's economy as trade discussions with Washington are set to begin in London. While overall exports rose 4.8%, imports dropped 3.4%, resulting in a trade surplus of $103.2 billion. Exports to Southeast Asia and the EU remained strong, but analysts predict a further slowdown in export growth due to persistent tariffs and domestic market challenges.
Source: YAHOO
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
Starbucks announced it will lower the prices of certain iced drinks by an average of 5 yuan ($0.70) as competition intensifies in China. The move aims to attract more customers, especially in the afternoon, amid economic slowing and increased caution among consumers. This strategy comes despite previous statements from the company about avoiding a price war, and amidst pressures from domestic competitors offering significantly lower prices.
Source: YAHOO
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
The auto industry is facing a severe crisis as rare-earth magnets, essential for car production, are in short supply due to Chinese export restrictions. Executives from automakers have confirmed that without alternative supplies, their factories could face shutdowns soon, leading to panic within the industry. Despite efforts to develop alternatives to rare-earth materials, most solutions are years away from being scalable, while China's dominance in the rare-earths market leaves little room for maneuver. This situation raises fears of another major disruption in the automotive supply chain, reminiscent of previous crises involving semiconductors and pandemic-related factory shutdowns.
Source: YAHOO
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
U.S. President Donald Trump's unpredictable policies have caused significant volatility in the Hong Kong dollar, impacting the longstanding currency peg with the U.S. dollar. Over the past month, the Hong Kong dollar has fluctuated widely within its trading band, forcing the Hong Kong Monetary Authority to intervene multiple times. This volatility has led to record low interest rates in Hong Kong, posing challenges for businesses and investors. Although local officials insist the currency peg will remain in place, recent changes in interest rates and capital flows raise concerns about financial stability.
Source: YAHOO
Reported about 2 months ago
Source: WSJ