Senate May Vote on Oversight of Chinese Issuers
A bipartisan bill could result in Chinese firms being delisted from U.S. exchanges if they do not submit their audit reports to U.S. regulators.
JD.com Plans to Kickstart Hong Kong IPO
U.S.-listed Chinese firms are increasingly looking toward home.
Apple iPhone Sales Spike in China
“Apple is better positioned than most to experience a rapid recovery in a post-COVID world. We see demand as pushed out, not canceled.”
Starbucks Shares Fall as Q2 Earnings Halve Amid Pandemic
The coffee giant also withdrew its outlook for fiscal 2020.
Global Manufacturing Dives Amid Virus Lockdowns
Even export powerhouses Germany and Japan saw steep decreases in factory output last month as the coronavirus upended supply chains and crushed demand.
Cardinal Health Fined $8M for FCPA Violations
The SEC says Cardinal employees made improper payments to boost the sales of a skincare company whose products they were distributing in China.
Airlines Brace for Profit Hit From Coronavirus
The U.S. airline industry's long run of profitabiilty could be at risk if the virus causes a "broad slowdown" in travel.
Pepsi Snaps Up Chinese Snack-Maker
The soda and snack company is buying Be & Cheery, one of the largest online snack companies in China, for $705 million.
Chinese Province Offers Coronavirus Coverage
The business insurance provided by Hainan province will serve as a "‘social stabilizer' and help companies to come through difficult times.”
Coronavirus Outbreak Impacting Global Business
Companies are cutting operations and restricting nonessential travel to mainland China as the virus spreads.
3M Stock Falls on Earnings Miss, New Layoffs
The company is “the latest manufacturer to exhibit signs of strain at a time of weakness for the industrial economy."