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...The company’s push into baby formula through the acquisition of Mead Johnson is widely seen to have been a failure....
...“Without big investment in [manufacturing] it’s hard to see how you hit 5 per cent.” The Treasury department’s view is that overcapacity is likely to worsen before it improves....
...US President Joe Biden said he was “happy” to debate Donald Trump, after weeks of uncertainty about whether the two leading candidates in the race for the White House would abide by the tradition of a televised...
...I mean, what does a Chinese manufacturing boom mean for other countries?...
...By lunchtime in New York, the benchmark S&P 500 gauge was down 1.1 per cent, while the technology-heavy Nasdaq Composite was down 1.5 per cent....
...Here are a few possible explanations from some neglected data points: 1) Some workers have had more luck in the post-pandemic labour market than others....
...“[Trump] knows what he is not allowed to do and he does it anyway.”...
...He will pay a civil penalty of $1.6mn to resolve a related US Securities and Exchange Commission case....
...China’s benchmark CSI 300 index of Shanghai- and Shenzhen-listed stocks slipped 1 per cent on Tuesday....
...The National Bureau of Statistics on Sunday said the manufacturing purchasing managers’ index was 50.8 points in March, up from 49.1 in February and the highest in a year, supported by rising export orders...
...The price of a gallon of petrol increased 1.7 per cent in March to $3.62, making it a significant contributor to the headline CPI figure....
...I’m wondering, what does this economic pain locally mean for China nationally?...
...New York cocoa futures blasted through previous highs to hit a record $12,191 last week, up from less than $3,000 a tonne a year ago....
...Logan Wright of Rhodium Group, who estimated that growth last year was just 1.5 per cent, told a CSIS webinar on Thursday that he expected it to rebound this year to 3.5 per cent as the property market stabilised...
...Goldman Sachs said this week it was revising up its first-quarter gross domestic product forecast for China to 5 per cent year on year from 4.5 per cent because of the stronger manufacturing sector....
...Meta will launch its new tool called Llama 3 in the next few weeks, and OpenAI says its ChatGPT-5 is coming soon....
...And China wants its economy to grow 5 per cent this year. Plus, Argentina’s President Javier Milei has grand plans for his country’s economy. But is he popular enough to see them through?...
...Does Donald Trump have the money?...
...But she said exports rose 1.5 per cent in the three months to end-March in dollar terms despite falls in the prices of products, implying strong volume growth....
...reading of 5.3 per cent GDP growth year on year for the first three months of 2024....
...Five more top stories 1....
...Imports were up 3.5 per cent, compared with a 1.5 per cent estimate. China reports economic data for January and February together to account for the disruption of the annual lunar new year holiday....
...Joe MillerIt’s interesting that as Sam Bankman-Fried was being sentenced, other crypto assets were doing quite well. We’re going through a revival in some ways of the crypto space....
...Imports were 3.5 per cent higher compared with 1.5 per cent for the analyst survey....
...But does Biden have the right strategy — and political skills — to turn the tide?...
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