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Tag: Asia Economy

Macy’s is planning for a coronavirus hit, but ‘nothing to be concerned about yet’

Zhuying Hua, 40, of Rockville, is concerned about coronavirus and wears a mask while shopping. The store manager said the there was a huge decline in shoppers. Sarah L. Voisin | The Washington Post | Getty Images Macy’s warned investors Tuesday that the coronavirus outbreak, which has shuttered commerce across China and sent markets spiraling, …

Macy’s is planning for a coronavirus hit, but ‘nothing to be concerned about yet’Read More

Corporate borrowing soars and cash flows deteriorate

Jiangsu Pilot Free Trade Zone Lianyungang Area on November 28, 2019 in Jiangsu Province of China. Wang Chun | VCG | Getty Images China’s fourth-quarter economic growth may have been “the weakest of 2019” — but it still showed an improvement compared to the previous quarter and to the same period a year ago, a …

Corporate borrowing soars and cash flows deteriorateRead More

Record sales on biggest shopping day

A screen shows the gross merchandise volume, a measure of sales, after 12 minutes 49 seconds of Singles Day sales, as it reaches about 7,147,554,107 USD in Hangzhou in China’s eastern Zhejiang province early on November 11, 2019. AFP | Getty Images Chinese e-commerce giant Alibaba set a new sales record on Singles Day, the …

Record sales on biggest shopping dayRead More

European markets mixed amid US-China trade developments

European markets opened mixed on Tuesday as investors await updates on a potential U.S.-China trade deal and monitor economic developments. The pan-European Stoxx 600 hovered fractionally below the flatline in early trade, with basic resources stocks jumping out to 1% gains while utilities fell 0.9% to lead losses. Asian shares rose during Tuesday’s session, following …

European markets mixed amid US-China trade developmentsRead More

US-China ‘phase one’ deal is not a win for apparel industry, AAFA says

US President Donald Trump speaks after announcing and initial deal with China while meeting the special Envoy and Vice Premier of the People’s Republic of China Liu He at the Oval Office of the White House in Washington, DC on October 11, 2019. Nicholas Kamm | AFP | Getty Images As the U.S. and China …

US-China ‘phase one’ deal is not a win for apparel industry, AAFA saysRead More

Sports agents warn players to avoid China talk as NBA walks fine line

A Chinese flag is placed on merchandise in the NBA flagship retail store on October 9, 2019 in Beijing, China. Kevin Frayer | Getty Images NBA players have been unusually quiet on China since the nation started severing ties with the league. That may stem from the private advice they are getting from sports agents …

Sports agents warn players to avoid China talk as NBA walks fine lineRead More