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COMPANIES invest a lot of time and money to source for the right suppliers. They want to ensure they are getting the best deal in terms of cost, quality and efficiency.
SYDNEY/LOS ANGELES: An air cargo boom driven by demand for protective gear against the Covid-19 coronavirus has peaked and rates, while still 50% above normal levels, are falling in a worrying trend for airlines relying on freight revenue in the absence of passengers.
The anti-China trade mood has reached U.S. kitchens, where a battle is being waged over competing visions of where and how cabinets should be made. Some have shifted sourcing of disassembled parts away from China to Malaysia and Vietnam.
IT’S hard to find an investor who hadn’t already assumed some form of second wave of Covid-19 when economies reopen, so why did stock markets panic at the hint of a relapse last week?
FOLLOWING the reopening of economies, a number of companies are struggling to get up on their feet again and move forward with their plans.
SHANGHAI: China has finalised new rules for companies looking to list on Shenzhen's ChiNext board, streamlining the listing process and allowing IPO pricing to be fully determined by the market.
JAKARTA: Indonesia plans to build one of its largest industrial parks on the north coast of Java island in a renewed drive to attract manufacturers relocating out of China as Southeast Asia's biggest economy comes out of a coronavirus-induced lockdown.
SHANGHAI: China’s auto sales in May rose 14.5% from the same month a year earlier, industry data showed yesterday, the second consecutive month of increase as the world’s biggest vehicle market recovers from lows hit during coronavirus lockdowns.
NEW YORK: The U.S. presidential election is re-emerging as a potential risk to markets after a shift in polls that has seen President Donald Trump lose ground to Democrat Joe Biden