Sino Biopharmaceutical (1177.HK) Announces 2022 lnterim Results, Revenue up by 5.9% to RMB15.19 billion

HONG KONG, Aug 23, 2022 – (ACN Newswire via – Sino Biopharmaceutical Limited (“Sino Biopharmaceutical” or the “Company”, together with its subsidiaries, the “Group”) (HKEX:1177), a leading innovation-driven pharmaceutical conglomerate in the PRC, has announced its unaudited Interim results for the six months ended 30 June 2022 (the “Period”). Development Highlights— The Group achieved […]

Starbucks to Nike report steep China sales drop on Covid-19 lockdowns

BEIJING (BLOOMBERG) – Global consumer giants selling everything from jewellery to T-shirts saw sales in China tumble in their most recent quarter as Covid-19-zero lockdowns hammered consumer demand in the world’s second-largest economy. Starbucks was particularly hard hit, reporting a more than 40 per cent drop in sales in the quarter ended July 3. The […]

Roadbump ahead for S’pore retail sales as consumers seen to be turning cautious amid inflation

SINGAPORE – Singapore’s retail sales may have expanded at a double-digit pace in the past few months after pandemic curbs were relaxed, but consumers are now watching their spending because of inflation. This finding is highlighted in a study – commissioned by credit card firm American Express (Amex) – which also notes that businesses are worried […]

Smartphone shipments drop to pandemic lows amid inflation, recession fears

TOKYO (BLOOMBERG) – Global smartphone shipments fell to their lowest quarterly number in two years after consumer confidence was sapped by inflation and recession fears. The quarter to June saw a 9 per cent drop to roughly 290 million units shipped, market trackers Canalys and Counterpoint said, with Chinese vendors leading the declines. Market leader […]

Toyota Announces Sales, Production, and Export Results for the First Half of 2022

Toyota City, Japan, Jul 28, 2022 – (JCN Newswire via – Toyota Motor Corporation (TMC) announces its sales, production, and export results for June 2022 as well as the cumulative total from January to June, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd. Highlights: In the first half of 2022, […]

Google, Microsoft spur hope Big Tech can handle slow economy

SAN FRANCISCO (BLOOMBERG) – Google parent Alphabet, Microsoft and Texas Instruments posted double-digit quarterly revenue growth on Tuesday (July 26) and expressed optimism about the coming months, reassuring investors who had been fretting that the technology industry was poised for a dour second half. Shares of all three companies rallied in late trading on Tuesday, […]