Wests deRisking Starts to Bite Chinas Prospects

China records first quarterly foreign direct investment deficit Execs worry about China slowdown, geopolitics, regulations Trend could weigh on yuan, chip away at growth potentialanalyst Chinafocused buyout fundraising has ground to a haltdata BEIJINGHONG KONG, Nov 28 Reuters U.S. furniture company head Jordan England thinks his firm39;s Chinese suppliers are among the best in the […]
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Forced Sales ahead for Indebted Global Real Estate Markets MG

LONDON, Nov 28 Reuters MG Real Estate forecasts it is a matter of time before global property markets face greater volumes of forced selling, with banks increasingly reluctant to refinance troubled or lower quality assets at current interest rates. Property developers in China, Germany and Sweden have in particular suffered as a result of a sharp rise in borrowing costs in […]
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Tyre Maker Michelin Announces Closure of German Sites

Nov 28 Reuters French tyre maker Michelin said on Tuesday it would be closing three production sites in Germany and transferring its customer service centre to Poland, pointing to a lack of competitiveness of our German operations for our European and export markets. The company will cease operations at its Karlsruhe, Trier and Homburg sites […]
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Novartis Raises Sales Growth Target to 5 Year Through 2027

FRANKFURT, Nov 28 Reuters Novartis has dialled up its sales growth target to 5 per year until 2027, citing demand for innovative drugs after the spin off of its generics business. The mediumterm target, which excludes any foreign exchange effects, is mainly driven by six drugs, led by Kisqali, the Swiss drugmaker said in a presentation on […]
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RollsRoyce Boss Aims for Surge in Profitability

Aims for aerospace margin of 1517 Expects medium term operating profit at 2.8 bln stg Shares rise 4 LONDON, Nov 28 Reuters RollsRoyce aims to become a much more profitable business with a goal to increase its civil aerospace margin to 1517 from 2.5 last year, in boss Tufan Erginbilgic39;s new masterplan for Britain39;s most […]
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