China’s ‘Gen Z’ shoppers fuelling luxury market momentum: Bain
Chinese “Gen Z” shoppers in their early 20s are emerging as an increasingly powerful force in the luxury industry as brands try and tap into buoyant demand for high-end goods in the world’s second-biggest economy, consultancy Bain said on Thursday.
Chinese vice premier urges more support for economy amid trade war
Chinese regulators should step up support for the economy and keep ample liquidity in the financial system, Vice Premier Liu He said on Thursday, suggesting Beijing would soon unveil more policies to bolster growth amid rising U.S. trade pressure.
China, Hong Kong homebuyers play cross-border musical chairs in Bay Area
An ambitious plan to transform the industrial towns of China’s Pearl River Delta into a modern economic zone powered by new technology ventures has triggered a rush of cross-border property investments between Hong Kong and the mainland.
Airbus delivers first A350 to Japan after landmark deal
Airbus delivered its first A350 aircraft to Japan Air Lines on Thursday, saying the specially tailored version would start operating on Japan’s busy domestic routes.
Oil surges after Gulf tanker attacks, stocks claw higher
Suspected attacks on two tankers off the coast of Iran saw oil markets erupt out of their recent slump on Thursday and kept traders gobbling up ultra-safe government bonds, gold and the Japanese yen.
India’s Reliance Capital rejects PwC’s observations after auditor quits
Reliance Capital said on Thursday the observations of global audit firm PwC about its fiscal accounts were “completely baseless and unjustified”, after PwC in a surprise move resigned earlier this week as the auditor of the non-banking financial compan…
Lockheed Martin says F-35 cost cuts a year ahead of plan
Lockheed Martin is a year ahead of schedule with its plan to cut the cost of its F-35 A fighter jet variant to $80 million by 2020, the U.S. company said on Thursday.
Chinese vice premier urges more support for economy as trade war bites
Chinese regulators should step up support for the economy and keep ample liquidity in the financial system, Vice Premier Liu He said on Thursday, suggesting Beijing would soon unveil more policies to bolster growth amid rising U.S. trade pressure.
France’s Le Maire to meet Renault chairman, says Nissan alliance priority
French Finance Minister Bruno Le Maire said on Thursday a Fiat Chrysler-Renault merger remained an “interesting opportunity” but added he would tell the French carmaker’s chairman that strengthening the Renault-Nissan alliance was the priority.
Tesco’s sales growth slows in subdued UK market
Tesco, Britain’s biggest retailer, said sales growth slowed in its latest quarter, blaming a subdued overall market that has been hampered by poor early summer weather, sending its shares lower on Thursday.
