The Caixin Manufacturing Purchasing Managers' Index came in at 49.4 in April, compared with 49.7 in March, according to Reuters. » Read More
Even though Wal-Mart has 333 outlets and $7.5 billion in revenue in China, my firm estimates its market share has plummeted to 5.5 percent from 8 percent three years ago because it has not reacted fast enough to key trends.
Discussing strategy and potential growth of the Chinese internet company, with Peggy Yu Yu, Dangdang co-founder and executive chairwoman.
A funny thing happened on the road to globalization. It became a two-way street, not a one-way trade superhighway for the developed economies.
The aerospace sector is “closer to the beginning than the end” of an upswing in orders, the chief executive of Boeing told CNBC Monday.
Hedge funds and local investors have been getting increasingly pessimistic about Greater China stocks, with the short interest on the Hang Seng Index now near a one year high. But The Royal Bank of Scotland (RBS) is taking a contrarian view, saying it believes the MSCI-China Index could see a 40-80 percent upside through 2012.
Ferretti, the Italian luxury yacht builder, is turning to the new super rich of Brazil as sales have slumped to its traditional ‘old economy’ customers in the marinas of the Mediterranean, the FT reports.
As the St Petersburg International Economic Forum wrapped up over the weekend, the business leaders and investors who flew into Russia to see President Medvedev outline his vision for attracting foreign investment into the resource-rich former super power were hopeful that reform is finally on the way, but sceptical that the Russian leadership will finally deliver on its promises to create a more business friendly environment.
Dmitry Medvedev has made clear he would like a second term as Russian president but said he and prime minister Vladimir Putin would not run against each other next year, he told the FT.
Cash-strapped nations are only now starting to loosen the purse strings on defense spending, and many may still be looking for bargains at the Paris Air Show this year..
Known as the BRICs, Brazil, Russia, China and India look to compete on level ground with traditional players in the aviation industry.
Strong travel bookings and surging global sales will translate into 1,040 commercial-plane deliveries worldwide this year and 1,225 next year, after two very lean years.
Demand for business jets could be flying high once again, as the economy slowly recovers and emerging global markets enter the fray. While business might not be picking up full throttle just yet, there is “cautious optimism” based on three important industry markers.
Given the doom and despondency across so many parts of the EU economy and with European governments tumbling over themselves to reverse years of living beyond their means, next week's Paris Air Show at Le Bourget should provide something to cheer, writes Howard Wheedon, Senior Strategist at BGC Partners.
Greece's crisis is roiling global currency markets, but bitcoins - yes - are unscathed. Time for your Friday FX Fix.
Russia and China are the most attractive BRIC countries at the moment, according to Jim O’Neill, Chairman of Goldman Sachs Asset Management.
At the St Petersburg International Economic Forum (SPIEF), one of the main topics on the agenda is how Russia transforms the wealth gained from its substantial natural resources into a more rounded economy.
Chinese stocks have seen a correction off late, but one fund manager, who's been shorting Hong Kong stocks since November, believes the market has hit bottom.
Corrupt Chinese officials smuggled an estimated Rmb800bn ($123.6 billion) of ill-gotten gains out of the country over a 15-year period, according to a report released by China’s central bank. The FT reports.
What happens if Greece defaults? Everyone from Japanese savers to US retirees is likely to feel the effects. Learn more.