Consumer


Shanghai Pharma to buy Cardinal for US$557m

SHANGHAI Pharmaceuticals Holding Co has agreed to buy Cardinal Health Inc’s China drug distribution business for US$557 million, winning a highly competitive auction in a move that will greatly expand ...

November 16, 2017, Thursday


Sparkling US$35m diamond

A staff member poses behind “The Art of de Grisogono” or “Creation 1,” a necklace suspending a 163.41-carat, D color, flawless, IIA type diamond, during a preview of Christie’s auction sale in Geneva. The largest diamond ever offered at auction went under the hammer on Tuesday for nearly 34 million Swiss francs (US$34.5 million), a world record for a gem of its kind, Christie’s said. ...

November 16, 2017, Thursday


China’s eSports market to grow over 3 times

Revenue from China’s competitive video game events will rise more than three times by 2021, powered by aggressive development of games and the country’s large tech-savvy population, PwC said in a report...

November 8, 2017, Wednesday


Hurricanes spur US consumers to boost spending

US consumer spending recorded its biggest increase in more than eight years in September, likely as households in Texas and Florida replaced flood-damaged motor vehicles, but underlying inflation remained ...

October 31, 2017, Tuesday


McDonald’s makes pig’s ear of new name

MCDONALD’S in China provoked snorts of laughter yesterday, as Internet users mocked a ham-fisted new company name that sounds a lot like the Chinese word for a pig eating. Earlier this month, the company ...

October 27, 2017, Friday


Chinese luxury market seen to rise 15% annually

China’s luxury market is the fastest growing in the world, set to rise an astounding 15 percent annually thanks to renewed confidence, middle class acceleration, and consumer sophistication. This comes ...

October 27, 2017, Friday


Global wine output to fall to lowest level since 1961

Global wine production this year is set to fall to its lowest level since 1961 after harsh weather in western Europe damaged vineyards in the world’s largest production area, international wine body OIV...

October 25, 2017, Wednesday


Brand loyalty not hit by digital buying

Rising purchases via digital channels have had little impact on certain consumer behavior such as brand loyalty in the fast moving consumer goods sector, a latest study shows....

October 25, 2017, Wednesday


Sparkling and costly

A model poses with a 37.30-carat “The Raj Pink,” the world’s largest known fancy intense pink diamond expected to fetch up to US$30 million in an upcoming Geneva auction, during a Sotheby’s preview in Hong Kong yesterday. ...

October 24, 2017, Tuesday


Retail sales slow as BOE eyes 1st rate rise in decade

British retail sales slowed unexpectedly sharply in September, dragging quarterly growth to its weakest annual rate since 2013 and suggesting consumer demand remains uncertain as the Bank of England nears...

October 20, 2017, Friday




 

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