Boeing has received a significant boost as Juneyao Airlines takes delivery of a 787-9 Dreamliner, marking the company's first direct delivery of a passenger aircraft to China since November 2019. For some time, China had not been accepting deliveries of new Boeing jets due to lower demand caused by zero-Covid policies and the subsequent decline in air travel. However, as the … [Read more...] about Boeing Resumes Deliveries to China as Air Travel Rebounds
China
China’s Economy Grows at Quicker Rate, Hits Annual Growth Target for 2023
China's economy has shown strong growth in the fourth quarter of 2023, allowing the government to reach its target of approximately 5% annual growth for the year. Despite uneven trade data and an ongoing economic recovery, official figures released on Wednesday indicate that the Chinese economy expanded by 5.2% in 2023, surpassing the government's goal. This growth can be … [Read more...] about China’s Economy Grows at Quicker Rate, Hits Annual Growth Target for 2023
Key Global Companies Experience Decline in Stocks Amid Disappointing Economic Data
Shares of global giants Tesla, Apple, and Caterpillar, all of which have a substantial presence in China, are facing a decline following the release of discouraging economic statistics. According to figures unveiled by the National Bureau of Statistics on Wednesday, China's gross domestic product (GDP) increased by 5.2% in the fourth quarter of 2023. Although surpassing the … [Read more...] about Key Global Companies Experience Decline in Stocks Amid Disappointing Economic Data
Hermès Reports Strong Q3 Sales
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
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
