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courtesy of KFCYum! Brands Inc. (NYSE: YUM) has reported adjusted earnings of $0.56 per share for its second quarter, with worldwide operating profits down 20% and its global margin down 2.7 points...
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ThinkstockChina’s exports dropped 3.1% in May, which is viewed as more evidence the Chinese economy is slowing. PMI data has recently confirmed the trend as have downward revisions in GDP...
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ThinkstockAlthough it is hard to believe, the United States may have started to make progress in talks with China over its shameless hacking of government and private Web properties. American...
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ThinkstockThe International Monetary Fund (IMF) has released its newest forecasts for global growth in its World Economic Outlook (WEO), and the expectation is that emerging markets are going to lead...
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ThinkstockOne day after Christine Lagarde remarked that the International Monetary Fund may cut its global 2013 GDP forecast below its current 3.3%, Citigroup has cut its China forecast to 7.4%. The...
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ThinkstockChina’s purchasing managers index (PMI) held about even last month. It was good news, even if only relatively. A growing number of economists have become convinced that China’s exports...
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ThinkstockIt’s official. The manufacturing sector of China has reached a dead halt. June purchasing managers index (PMI) was 50.1%, just a tad above the point of contraction. The number is...
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ThinkstockIf you think that the United States is down, the move was even worse in China. Barron’s took its shot at a coming credit crisis in China over the weekend, but what stood out is that this...
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ThinkstockWhen Chinese interbank lending rates shot up last Thursday, the blame was laid at the feet of the People’s Bank of China (PBoC), the country’s central bank, which had refused for the...
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ThinkstockWorry about a slowing economy and a future lack of credit in the market caused the Shanghai Composite to be crushed — down 5.3%. Related worries, which also concerned those about the...
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ThinkstockChina’s Tsinghua Unigroup Ltd. this morning made a non-binding offer to acquire Spreadtrum Communications Inc. (NASDAQ: SPRD) for $28.50 per ADS in cash in a deal worth about $1.4...
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ThinkstockRussia’s state-controlled oil giant Rosneft has signed a 25-year deal to supply $270 billion worth of crude oil to China, and the country’s largest independent natural gas producer,...
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ThinkstockIf China is truly the world’s growth engine, there is about to be less growth and less reason to be optimistic about the global recovery. HSBC has trimmed its gross domestic product...
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ThinkstockThe Chinese equivalent of Libor is Shibor, the Shanghai Interbank Offered Rate, and since April the Shibor has soared from less than 3% to as high as 15% before settling back to just under...
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ThinkstockThe current state of the global economy often is referred to now as the New Normal — a period of almost painfully slow if predictable economic progress. How long this will last remains...
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