GLOBEALERT

Feed

Open sources, classified and cross-checked. 2,089+ stories.

BUSINESSAug 11Gap bucks retail headwinds with massive China expansion amid localisation driveAmid widespread store closures by foreign fast-fashion players in China, US apparel brand Gap is defying industry headwinds. It plans to open 50 new stores in mainland China this year and return to Hong Kong by year’s end, following a localisation overhaul that has attracted more Chinese consumers. This expansion comes at a time when the world’s second-largest consumer market faces sluggish overall retail sales, with brands such as Zara and H&M scaling back their number of stores. With Gap...South China Morning Post
BUSINESSAug 11China Tower GAAP EPS of RMB 0.43, revenue of RMB 48.69BChina Tower has reported GAAP earnings per share of RMB 0.43 and revenue of RMB 48.69 billion. This provides an update on the company's financial performance.Seeking Alpha Tech
BUSINESSAug 11Shein set to take orders for Hong Kong IPO next week, eyeing US$35b valuation: sourcesFast-fashion retailer Shein Global Holdings is planning to take investor orders for its Hong Kong initial public offering (IPO) as soon as next week, aiming for a valuation of US$35 billion, according to people familiar with the matter. The Singapore-headquartered company, which was founded in China, aims to raise as much as US$2.8 billion and began gauging investor demand last week, said sources who asked not to be identified while discussing confidential information. The timing and size of the...South China Morning Post
BUSINESSAug 11Amkor Technology mulls stake sale in $1.5B China unit amid U.S. expansion - reportAmkor Technology is reportedly considering selling a stake in its $1.5 billion China unit while expanding in the U.S. This involves significant corporate strategy and potential international business shifts.Seeking Alpha Tech
BUSINESSAug 11China Stock Market Due For ConsolidationThe China stock market is anticipated to enter a period of consolidation. This suggests a potential phase of stabilization or re-evaluation after prior market movements.finanznachrichten.de · Germany
BUSINESSAug 11China central bank reform plan targets high - level financial opening - up -- Beijing ReviewChina's central bank has unveiled a reform plan designed to achieve a high level of financial opening-up. This initiative suggests significant changes to the country's economic and financial policies.bjreview.com.cn · China
BUSINESSAug 11Hong Kong index compiler proposes adding 20 more stocks to main technology trackerHang Seng Indexes Company plans to expand the Hang Seng Tech Index (HSTECH) to 50 constituents and introduce “sales growth” as a criterion for selection to strengthen market representation, according to a consultation paper released on Monday. Hong Kong’s major stock index compiler proposed increasing the number of HSTECH constituents from 30 to 50, using a dual-selection framework. The top 40 stocks will be selected by market capitalisation, while the remaining 10 will be picked based on...South China Morning Post
BUSINESSAug 11Communist Vietnam bets on Korean-style ‘chaebols’ to boost growthHanoi prioritises homegrown conglomerates after relying on trade and foreign investmentFinancial Times
BUSINESSAug 10CNBC's The China Connection newsletter: 'Spider-Man' and 'The Odyssey' come courting the massive filmgoer marketMore American movie stars have appeared in China this year, reflecting Hollywood's market interests amid political tensions.CNBC
BUSINESSAug 10Hong Kong’s commercial property investment growth beats peer Asia-Pacific marketsHong Kong’s commercial property investment more than doubled to US$3.1 billion in the second quarter, making it the fastest growing investment market in Asia-Pacific thanks to a strong increase in retail and office deals and a low base effect, according to JLL. The 129 per cent growth from a year earlier beat other top-performing markets including Singapore with 108 per cent growth and Australia with an 82 per cent increase, data tracked by the property consultancy showed. “Hong Kong’s robust...South China Morning Post
BUSINESSAug 10China hottest start - up thinks it can beat the West with a new idea of freedomA prominent Chinese startup believes its new interpretation of freedom will enable it to outperform Western competitors. This highlights innovation and competition in the global market.theblaze.com · United States
BUSINESSAug 10Protectionist solar energy tariffs will hurt US allies , not ChinaNew protectionist tariffs on solar energy are predicted to negatively impact US allies rather than China. This suggests a potential miscalculation in trade policy affecting international relations and economies.taipeitimes.com · Taiwan
BUSINESSAug 10How China Seemingly Weathered The Iran War Oil StormThis article examines how China reportedly managed the economic impact of the Iran War's oil crisis. It analyzes the resilience of China's economy amidst global geopolitical events.dailycaller.com · United States
BUSINESSAug 10CXMT inclusion in key index highlights China appeal to global investorsThe inclusion of CXMT in a key index demonstrates China's attractiveness to global investors. This event reflects investor confidence in the Chinese market.mexicostar.com · Mexico
BUSINESSAug 10Hong Kong, Malaysia set for ‘deeper ties in semiconductor making, other sectors’Hong Kong and Malaysia are poised to deepen economic ties across key sectors, such as semiconductor manufacturing, to unlock mutual growth opportunities, the head of the city’s Trade Development Council (TDC) has said. Council chairman Frederick Ma Si-hang made the comment on Monday as he joined Hong Kong’s biggest delegation to Malaysia to date under the city’s “Think Business, Think Hong Kong” flagship campaign. Speaking to the South China Morning Post, he cited the delegation as a sign of...South China Morning Post
BUSINESSAug 10Yum China completes $1.2bn acquisition of Pizza Hut brand in ChinaYum China has completed a $1.2 billion acquisition of the Pizza Hut brand's rights in China. This move signifies a major corporate transaction impacting the fast-food market in the region.Yahoo Finance
BUSINESSAug 10Nvidia Scores 12% Weekly Gain As Taiwan Semiconductor Sales Soars; Is Nvidia A Buy Now?Yahoo Finance
BUSINESSAug 10Prediction: Micron and Taiwan Semiconductor Manufacturing Stocks Will Both Rebound to Fresh Highs Before 2026 EndsA prediction suggests that stocks for Micron and Taiwan Semiconductor Manufacturing will rebound to new highs before the end of 2026.Yahoo Finance
BUSINESSAug 10Uber partners with Hong Kong firm to launch its first premium service outside USUber has partnered with a Hong Kong transport operator to launch its first premium service outside the United States, but local lawmakers have stressed the move is unrelated to the firm’s push for a larger licence quota under a coming regulatory regime. The US-based company partnered with Kwoon Chung Bus to introduce Uber Elite, which offers pre-booked rides in Mercedes-Benz vehicles for up to six passengers, uniformed chauffeurs, airport meet-and-greet services and more, the firms announced on...South China Morning Post
BUSINESSAug 10Lululemon rival Alo Yoga enters China market with online store on Alibaba’s TmallLos Angeles-based yoga apparel brand Alo Yoga, a rival of Lululemon, will open its first online flagship store on Alibaba Group Holding’s e-commerce platform Tmall on Wednesday, ahead of launching bricks-and-mortar stores in China. The move comes as China’s premium “athleisure” market grows increasingly competitive, with emerging yoga brands and domestic sportswear makers targeting similar consumer groups. Alo is among a group of niche foreign brands – including American fast-food chain Church’s...South China Morning Post
BUSINESSAug 10Yen sinks as effect of US-Japan intervention fadesCurrency gives up roughly half its gains from joint action with investors citing lack of ‘unified voice’ among central banksFinancial Times
BUSINESSAug 10China hits US, Mexican pecans with preliminary anti-dumping curbsBeijing has issued a preliminary ruling that the United States and Mexico are dumping pecans into the Chinese market and harming domestic producers, according to the Ministry of Commerce. “Over the injury investigation period, the volume of dumped imports rose by a cumulative 104.56 per cent and their share of the domestic market increased by 9.69 percentage points,” the ministry said in a statement on Monday. “The import price of the dumped products fell by a cumulative 9.15 per cent and...South China Morning Post
BUSINESSAug 10Specific financial mechanism proposed for Vietnam RailwaysA specific financial mechanism has been proposed for Vietnam Railways, aiming to address funding or operational aspects of the national rail system.vir.com.vn · Vietnam
BUSINESSAug 10South Africa, Taiwan, South Korea lead markets in AugustSouth Africa, Taiwan, and South Korea were identified as leading markets during the month of August.Seeking Alpha Tech