Alibaba: Alibaba posts better-than-expected Q1 sales despite Chinese recovery running out of steam

by Yuvraj Malik and Casey Hall (Reuters) – China’s Alibaba Holding reported better-than-expected first-quarter revenue on Thursday as consumer sentiment improved from a year earlier, which was marred by coronavirus lockdowns. the pandemic. Alibaba posted revenue of 234.16 billion yuan (29.46 billion euros) in the quarter, up 14% year on year. Analysts had expected 224.92…

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Eramet: fragile recovery from 71E

(CercleFinance.com) – Eramet is recovering after being close to 71E on 2 August (low on 21/11/2022), but this trend remains fragile given the meager volumes, and a resumption of the correction followed by a sinking of 71E could bring the 69E (‘gap’ of 3/11/2022) into the line of sight. Copyright © 2023 CercleFinance.com. All rights…

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China goes into deflation for the first time since 2021, a reflection of ‘its recovery running out of steam’

Contrary to the main economies that are fighting against inflation, China entered, Wednesday, August 9, in deflation, for the first time in more than two years. The country is weighed down by sluggish domestic consumption which complicates economic recovery. Deflation is the opposite of inflation, it consists of falling prices of goods and services. While…

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