China's luxury market declined by 18% to 20% in 2024, marking the end of a period of "exponential growth", with sales expected to remain flat this year, consultancy Bain and Company said at the launch of its latest 'China Luxury Report' on Tuesday. Discretionary items, including personal luxury goods, have been hard hit in China, which accounts for around a third of global luxury goods sales.
Nvidia CEO Jensen Huang wrapped up a fast-paced 55-hour visit to Taiwan, which included engagements with top industry leaders and visits to key manufacturing sites, underscoring the island's role in the global artificial intelligence (AI) and semiconductor industries. On Sunday, Huang hosted a high-profile lunch in Taipei, attended by 36 top executives from Taiwan's leading technology companies. This rare gathering included Foxconn Technology Group chairman Liu Young-way, Foxconn industrial inte
European stocks saw their second largest allocation in a quarter of a century in January, as lagging risk assets played catch up, according to a survey of investors from BofA Global Research published on Tuesday. In a report titled "Make Europe Great Again", BofA said asset allocation remained risk-on, with investors bullish towards the U.S. dollar and stocks, but bearish towards everything else. A disorderly rise in bond yields was seen as the most bearish development for 2025, BofA said.
(Bloomberg) -- There are early signs that investors are preparing for equity laggards to rally on bets that US President Donald Trump could take a softer-than-feared stance on global trade, according to a survey by Bank of America Corp.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed Op
(Bloomberg) -- UK financial regulators are examining how top investment banks including Goldman Sachs Group Inc. and Barclays Plc handle client trades.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed OpportunityNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesThe Financia
(Bloomberg) -- President Donald Trump gave China’s stock market a pleasant surprise by not announcing any tariffs on the Asian nation on his first day in office. But investors aren’t resting easy.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed OpportunityNYC Commuters Get New Way to Do
(Bloomberg) -- US President Donald Trump’s policies will lift the economy and support public and private markets, according to Franklin Templeton Investments’ chief executive officer. Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed OpportunityNYC Commuters Get New Way to Dodge Traffic:
(Bloomberg) -- Japanese stocks eked out small gains on Tuesday, finding stability after their wild swings following comments from US President Donald Trump that he would enact tariffs on goods from Canada and Mexico next month.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed Opportunity
SHANGHAI/HONG KONG (Reuters) -Chinese stocks and the yuan tentatively rose on Tuesday, with investors relieved that U.S. President Donald Trump did not announce hefty trade tariffs at his inauguration but unwilling to bet this meant improved U.S.-Sino relations. At the same time, Trump directed federal agencies to "investigate and remedy" persistent U.S. trade deficits and unfair trade practices by other countries, and said he might impose 25% tariffs on imports from Canada and Mexico on Feb. 1. Trump also signed an executive order delaying the enforcement of a ban on popular short-video app TikTok, but said he might impose tariffs on China if Beijing does not approve a potential U.S. deal with TikTok.
(Bloomberg) -- After bracing for a torrent of tariffs by Donald Trump from his first day in office, investors in Chinese assets are breathing a sigh of relief — at least for now. Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed OpportunityNYC Commuters Get New Way to Dodge Traffic: $95