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China

McDonald’s Expands Ownership Stake in Chinese Operations

November 20, 2023 by Forex Winner Leave a Comment

McDonald's, the global fast-food giant, announced on Monday its plans to further expand its ownership stake in its Chinese operations. In an effort to continue growing in the world's second-largest economy, McDonald's will acquire the minority shareholder Carlyle Group, increasing its stake in its Chinese business from 20% to 48%. Carlyle Group initially acquired its stake in … [Read more...] about McDonald’s Expands Ownership Stake in Chinese Operations

Slowdown in Demand for Burberry

November 16, 2023 by Forex Winner Leave a Comment

Burberry, the renowned British fashion firm, has recently joined the list of luxury companies experiencing a decline in demand due to inflationary pressures impacting affluent consumers worldwide. In a recent announcement on Thursday, Burberry expressed concerns about meeting its fiscal year targets if this trend persists, following a significant slowdown in second-quarter … [Read more...] about Slowdown in Demand for Burberry

Hermès Reports Strong Q3 Sales

October 24, 2023 by Forex Winner Leave a Comment

Luxury goods seller Hermès International has announced that its sales continued to grow during the third quarter of this year. Despite concerns about a wider slowdown in the luxury sector, the French fashion house reported a 16% increase in sales to €3.36 billion ($3.58 billion). This exceeded the predictions of five analysts polled by FactSet, who had estimated sales worth … [Read more...] about Hermès Reports Strong Q3 Sales

Oil Futures Bounce Back Despite Weak Chinese Demand

November 9, 2023 by Forex Winner Leave a Comment

Oil futures rebounded on Thursday after a two-day drop, ignoring data that indicated weak consumer demand in China. Despite the setback, crude prices attempted to recover, reaching their lowest level since mid-July. Price Action West Texas Intermediate crude for December delivery rose by 54 cents, or 0.4%, to $75.87 a barrel on the New York Mercantile Exchange. January Brent … [Read more...] about Oil Futures Bounce Back Despite Weak Chinese Demand

Apple Stock Faces Challenges Ahead

October 10, 2023 by Forex Winner Leave a Comment

As Apple prepares to release its fourth-quarter earnings report, industry experts are expressing concerns about the tech giant's future performance. Melius Research analyst Ben Reitzes, who holds a Buy rating on Apple stock with a target price of $240, highlights several key issues that the company needs to address. Pressure to Demonstrate Growth Despite having one of the most … [Read more...] about Apple Stock Faces Challenges Ahead

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