Outlook
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Has China caught the dreaded Japanese deflation syndrome? In September, China’s closely-watched producer price index declined 3.6% versus the year-ago period. What this means in practice is that Chinese factories are losing pricing power and face a major drag on corporate earnings. Chinese industrial companies’ profits fell 6.2 percent in August […]
eBay (EBAY) reported its third quarter earnings yesterday after market close and the results came in just above Wall Street’s expectations. The company announced net income of $597 million, up 22 percent from last year’s third quarter. Revenue grew 15 percent to $3.4 billion, mainly thanks to continued growth of […]