Adidas quarterly sales beat expectations despite Yeezy crisis
Adidas said on Friday its first-quarter numbers came in better than expected, although sales dipped 1% from a year-ago period.
China’s service sector remains a bright spot as factory data disappoints, Caixin reading shows
The reading suggests that services activity is still “undergoing a fast recovery,” according to Wang Zhe, senior economist at Caixin Insight Group.
HSBC defeats proposal to spin off its Asian business at contentious shareholder meeting
Investors cast their votes on the proposal at the bank’s annual meeting in Birmingham, but its supporters ultimately failed to get the majority required.
King Charles’ scaled-back coronation set to cost the UK up to $125 million
The eyes of the world will be on the U.K. this weekend as King Charles III is crowned at Westminster Abbey in a quintessentially British display of pomp and pageantry.
Consumers in China are dining at nicer restaurants — even if it costs $500 a person
“The pandemic … affected consumers, and now they’re more likely to want to treat themselves,” said Tang Yan, a Black Pearl representative.
New rules compel leading China financial data provider to limit offshore access, sources tell Reuters
Restricted access by offshore users comes as China sharpens its focus on data usage and security amid rising geopolitical tensions and concerns about privacy.
Don’t let bureaucracy and politics kill your business, says CEO of outsourcing firm
Creating a company culture free of bureaucracy and politics should be high on every CEO’s list, says Sudhir Agarwal, founder and chief executive of outsourcing firm Everise.
Hong Kong’s IPO market expected to rebound in 2023, but the biggest one so far flopped in its debut
Hong Kong’s IPO market is set for a rebound after being among the worst-performing markets in 2022 but a recent debut flop of a Chinese company dampened hopes.
Goldman Sachs names a slew of energy companies to buy right now as attitudes shift
Goldman Sachs says the shift toward engagement and away from divestment is creating opportunities to invest in energy companies.
Intel vs. AMD? Analysts prefer one stock for its long-term push in A.I.
AMD and Intel compete fiercely in the chip sector, but does one have an edge? CNBC Pro takes a look at what Wall Street analysts are saying about the rivals.
