News from World

tag: Borsa

23 January 2023

Pakistan Stock Exchange: very negative performance of tanneries and continuous electricity blackouts

Pakistan Stock Exchange (PSX) remained under severe pressure during the week, due to heavy selling on investor concerns over prevailing economic and political situation in the country, while power outages affect millions of people (Reuters). Least favorite sectors were Cement (down 8.7%), Leather and Tanneries (down 7.9%) and Electrical Goods (down 7.4%). [PSX remains under severe pressure- Business Recorder]

05 November 2022

There are expectations of recovery of industrial production in China following rumors about an easing of the zero-Covid policy

China’s stock markets are rising again on rumors that the country may loosen its zero-COVID policy. But no official confirmation has come through. COVID-19 cases hit their highest level since May today, and senior Chinese virologists are concerned about a winter wave driven by a combination of COVID-19 and the flu.

26 October 2022

Adidas dropped its deal with Kanye “Ye” West over a series of antisemitic social media posts

In the past, a business might bet on its relationship with a sports star or musician boosting sales, hoping to use its clout with media organizations to keep negative stories under wraps, offering exclusives on other topics in exchange for silence. But the media’s gatekeeping role has diminished in the era of viral content, and companies can be left holding the bag if the superstar face of their campaign goes off the rails. In this case, Adidas says it will lose $250 million cutting its ties with West, a @semafor tweets.

13 October 2022

Washington’s restrictions are designed to curb Beijing’s plans for technological self-sufficiency

Shares of China's major chipmakers lost $8.6 billion in market value on Monday. According to @FinancialTimes the cause is US export controls that have threatened to obstruct Beijing's plans for technological self-sufficiency. [China chip stocks lose $8.6bn in wipeout due to US export ... – FT]

30 September 2022

Nike skids but reacts, a term of comparison for the entire Athleisure market

According to @Reuters overall inventories increased 44% to $9.7 billion at the end of Nike's first quarter (65% in North America). The answer is to build closer relationships with its customers by offering digital services, says @voguebusiness: "Nike offers loyalty benefits to Zalando and JD Sports customers in exchange for data." For @globaldataplc Nike continues to focus on the Direct to Consumer (DTC) strategy. The paradigm for the athleisure market represented by Nike is described by the @SourcingJournal.

10 July 2022

Nike, stock market, inflation and metaverse

Recently, Nike Inc. NKE-0.18% reported nearly flat quarterly sales and rising inventories amid evolving consumer demand and supply chain hitches, the WSJ reports. However, it is the most valuable brand that exists. It is worth more than twice as much as Adidas, but significantly detaches Louis Vuitton, Gucci and Chanel. Nike has 73,000 direct employees, controls the Converse brand, is listed on the New York Stock Exchange and has reported revenues of $44.6 billion for fiscal year 2021.

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