FAST NEWS: WH Group’s profit sliced in half on rising U.S. costs
The latest: Pork producer WH Group Ltd. (0288.HK), owner of the Smithfield brand in the U.S., said on Monday it expects to report its unaudited profit before biological fair value…
U.S. retail giants grow cautious as rising interest rates cast chill on consumption
Lurking behind strong recent performance for U.S. retail giants is concern that consumers will cut their spending in the current monetary tightening cycle By Bantang Qubing The U.S. Commerce…
FAST NEWS: E-commerce Trader Zubuyu Takes Hit From Weak U.S. Economy
The latest: Cross-border e-commerce trader Zibuyu Group Ltd. (2420.HK) announced on Tuesday its net profit last year decreased by 40% to 50% from 200.5 million yuan ($28.9 million) in 2021.…
CHINA BULLETIN: Big Ado Over Little Inflation
In this week’s issue we see mixed manufacturing signals and an ominous export sign, while Xiaomi feuds with India and Google leaves China – again.
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