*Top-end treadmill costs up to $15,000. MILAN, Sept 20- Italy's Technogym is looking to offer fitness fanatics more content via exercise equipment screens or their personal devices, its founder and chief executive said on Thursday. Nerio Alessandri, who started off the high-end gym equipment company in the northern Italian town of Cesena at the beginning of the...
WASHINGTON, Sept 12- After months of waging a behind-the-scenes war against President Donald Trump's trade tariffs that have escalated far beyond what business groups once imagined, more than 85 U.S. industry groups launched a coalition on Wednesday to take the fight public. "A lot of other interest groups thought they wouldn't go this long or go this deep, but...
WASHINGTON, Sept 12- After months of waging a behind-the-scenes war against President Donald Trump's trade tariffs that have escalated far beyond what business groups once imagined, more than 60 U.S. industry groups are launching a coalition on Wednesday to take the fight public. "A lot of other interest groups thought they wouldn't go this long or go this deep,...
HONG KONG/ BEIJING, Aug 31- Tencent Holdings' market value slumped by around $20 billion on Friday after China intensified a crackdown on online gaming citing rising levels of myopia, heightening regulatory risks for companies in the world's biggest gaming market. China's Ministry of Education, in a notice late on Thursday, directed the publishing regulator to...
HONG KONG/ BEIJING, Aug 31- Tencent Holdings' market value slumped by around $20 billion on Friday after China intensified a crackdown on online gaming citing rising levels of myopia, heightening regulatory risks for companies in the world's biggest gaming market. China's Ministry of Education, in a notice late on Thursday, directed the publishing regulator to...
HONG KONG/ BEIJING, Aug 31- Tencent Holdings' market value slumped by $20 billion on Friday after China intensified a crackdown on online gaming citing rising levels of myopia, heightening regulatory risks for companies in the world's biggest gaming market. China's Ministry of Education, in a notice late on Thursday, directed the publishing regulator to limit...
SHANGHAI, Aug 31- China stocks recovered most of their early losses by midday on Friday, as trade war fears were offset by a surprise pick up in Chinese factory activity and hopes for fresh foreign money inflows ahead of the second leg of the MSCI inclusion. In Hong Kong, the benchmark index was led lower by index heavyweight Tencent, as the Chinese government's...
*Shares hit after China plans to limit number of online games. HONG KONG/ BEIJING, Aug 31- Plans to limit the number of new online video games in China wiped a further $20 billion off Tencent Holdings' market value on Friday, ratcheting up concerns over regulatory risks facing firms in the world's No. 1 market for mobile games. China's Ministry of Education said late on...
But the Shenzhen- based gaming company is enduring an unprecedented wait for over a dozen of its games to be approved for release in China, a situation it fears could impact profits this year. iDreamSky is one of many Chinese gaming firms fretting over the implications of a regulatory hold-up that began in March and prompted Tencent, China's largest social media...
But the Shenzhen- based gaming company is enduring an unprecedented wait for over a dozen of its games to be approved for release in China, a situation it fears could impact profits this year. iDreamSky is one of many Chinese gaming firms fretting over the implications of a regulatory hold-up that began in March and prompted Tencent, China's largest social media...
German sportswear firm Adidas reported stronger-than-anticipated second-quarter net profit on Thursday, with the company saying it remains firmly on track to hit it's full-year targets.
The company also said that it will cut 2,200 jobs, or 22 percent of its global non-manufacturing workforce, and plans to sell factories in Mexico, as part of a $650 million cost-saving program. The company's net sales fell 13.7 percent to $840.7 million in the second quarter ended June 30, short of the $851.8 million analysts had expected, according to Thomson...
The company also said that it will cut 2,200 jobs, or 22 percent of its global non-manufacturing workforce, and plans to sell factories in Mexico, as part of a $650 million cost-saving program. Mattel's net sales fell 13.7 percent to $840.7 million in the second quarter ended June 30, short of the $851.8 million analysts had expected, according to Thomson Reuters...
SAN FRANCISCO, June 29- As Toys "R" Us Inc stores across the United States marked their final day in business on Friday, the bankrupt toy retailer posted a farewell message to customers on its website next to an image of its iconic Geoffrey the Giraffe mascot thanking them and urging them to "Play on!" More than 700 Toys "R" Us stores are shuttering in the United States.
*China cuts import tariffs on 1,449 consumer products for most favoured nations. BEIJING, May 31- China will cut import tariffs on nearly 1,500 consumer products ranging from cosmetics to home appliances from July 1, in a bid to boost imports as part of efforts to open up the economy. The move would be in step with Beijing's pledge to its trade partners- including the...
BEIJING, May 30- China will cut import tariffs on a range of consumer items including apparel, cosmetics, home appliances, and fitness products starting from July 1, the state council, or cabinet, said on Wednesday. The decision, which was announced after a state council meeting led by Premier Li Keqiang, aims to further open China's consumer market, will force its...
*China aims for fairer, more transparent investment environment. BEIJING, May 30- China will cut import tariffs on a range of consumer items including apparel, cosmetics, home appliances, and fitness products starting from July 1, the state council, or cabinet, said on Wednesday. The move, which was announced after a state council meeting led by Premier Li Keqiang,...
China plans to cut import tariffs for automobiles and car parts on July 1, opening up greater access to the world's largest auto market amid an easing of trade tensions with the United States. China is looking to boost domestic consumption amid signs of slowing momentum in the world's second-largest economy. The survey results would also be welcome news to...
*Tariff cuts to be more broad-ranging than previous reductions- Bloomberg. BEIJING, May 24- China plans to cut import tariffs on some consumer products ranging from food and cosmetics as early as July 1, Bloomberg reported on Thursday, citing unidentified sources. The move would be in step with Beijing's pledges to its trade partners- including the United States-...
"If you're a young brand, it's hard to be found," said Shaun Rein, an analyst with China Market Research Group, who covers Asian toy producers. The total value of deals in the U.S. toy industry has soared to $962.7 million since Toys' R' Us filed for bankruptcy on Sept. 19 last year, compared to $85.4 million in the same period a year ago, according to Thomson Reuters data.
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