Below you'll find a list of all posts that have been tagged as “Mark Schlarbaum”
Yum China reports earnings beat, shares soar on improved KFC, Pizza Hut sales Investors ate up shares of Yum China. Share prices spiked 9.16 percent higher on Thursday, a day after the Chinese spinoff from U.S.-based Yum Brands reported quarterly earnings that beat Street estimates. Yum China said it had first-quarter adjusted earnings of 44 cents per share, topping a …
China’s new project to build a megacity on the outskirts of Beijing will drive steel demand, with the country likely gobbling up an extra 12 to 14 million metric tons of the commodity a year if plans are implemented in 10 years, Citi Research analysts said in a note released on Tuesday. While the amount will just be a minuscule …
China bicycle-sharing start-up Mobike gets funding from Temasek, others BEIJING: Chinese bicycle-sharing start-up Mobike on Monday (Feb 20) said it has raised funding in a new round led by Singapore state investor Temasek Holdings and hedge fund Hillhouse Capital, bringing its total new funding in 2017 to more than US$300 million. The Shanghai-founded start-up said last month it raised US$215 …
Summary Stealing technology from Boeing 737 is nearly impossible. Chinese delivery center makes ordering Boeing aircraft more attractive for Chinese airlines. Move to China frees up space and time that can be used to increase Boeing 737 production rates. In late 2016, Boeing (NYSE:BA) and future competitor COMAC signed an agreement to open a Boeing 737 completion center in Zhoushan. …
China’s January exports easily exceeded analysts’ expectations, rising 7.9 percent from a year earlier, while imports rose by 16.7 percent, also topping forecasts, preliminary data showed on Friday. That left the country with a trade surplus of $51.35 billion for the month, the General Administration of Customs said. But China watchers caution that trends in January and February can be …
A couple of weeks ago, I was in Toronto meeting with gold industry experts. One night, I spoke with a man who has been in the gold business for over 45 years. For over four decades, this man has bought and sold gold. He has bought and sold gold mining shares. He has bought and sold gold mines. During this …
It took about two weeks, nearly 7,500 miles, nine countries and two continents. But before this freight train could roll to a well-deserved stop, it had to break through one final barrier, a banner proclaiming its historic achievement: “First freight train from China to UK — Yiwu to London.” The train, which set out from the eastern Chinese city earlier …
Flat, orange robots glide under stationary cars and ferry them to empty Chinese parking bays, using space more efficiently and, their creators say, reducing driver stress. It is one of a number of elegant—and expensive—mechanical solutions China is turning to as it faces an ageing population, which, even in the world’s most populous country, is making workers harder to come …
McDonald’s sells China unit in $2.1B deal McDonald’s sells China unit in $2.1B deal 7 Hours Ago | 00:34 McDonald’s has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC and Carlyle Group for up to $2.1 billion, seeking to expand rapidly without using much of its own capital. The 20-year deal caps …
China wants to develop “strength and size” in its space program, a China National Space Administration official said last week. In the next five years, the country plans to speed up the development of its space program. China wants to become the first country to carry out a controlled landing of a probe on the far side of the moon …