China needs to level the playing field between private and state owned firms, the Asian Development Bank’s chief economist said on Thursday, adding that the world’s second-largest economy risks “wasting a tonne of money” with a state-led growth model.
Singapore’s Whampoa Group, an investment firm with stakes in global tech firms, will set up the headquarters of its new digital bank in Bahrain, the Gulf state’s Economic Development Board (EDB) said on Thursday.
Bath & Body Works Inc beat first-quarter profit expectations on Thursday, as higher product prices outweighed cost pressures and a slowdown in demand, sending its shares up over 9% in premarket trading.
Walmart Inc raised its annual sales and profit targets on Thursday as the retail behemoth drew from price-conscious shoppers trading down to cheaper meat products and store brands, easing worries of consumer spending softening due to inflation.
Canada Goose Holdings Inc , forecast annual sales above Wall Street estimates on Thursday, betting on a sharp rebound in key luxury market China to help ride out a demand slowdown in the United States, sending its U.S.-listed shares up 13% premarket.