China’s industrial policy is becoming more systematic and pervasive, shifting from targeting specific sectors towards covering all layers of production, a recent report by the US Chamber of Commerce and Rhodium Group released on Monday has found. The strategy, as laid out in the latest 15th five-year plan, now covers additional frontier technologies, such as biomanufacturing, embodied intelligence...
China’s industrial policy is becoming more systematic and pervasive, shifting from targeting specific sectors towards covering all layers of production, a recent report by the US Chamber of Commerce and Rhodium Group released on Monday has found. The strategy, as laid out in the latest 15th five-year plan, now covers additional frontier technologies, such as biomanufacturing, embodied intelligence and intelligent driving. Coverage has likewise expanded under the country’s “Made in China 2025”...
Bel Fuse ( BELFA ) ( BELFB ) has announced the pricing of an offering of 1.5M shares of its Class B common stock at $266.00 per share, a move expected to generate about $399.0M in gross proceeds, before expenses. Additionally, underwriters have a 30-day option to buy up to 225K more shares at the same price. The offering is scheduled to close on May 15, 2026. Bel plans to use the proceeds to reduc...
Bel Fuse ( BELFA ) ( BELFB ) has announced the pricing of an offering of 1.5M shares of its Class B common stock at $266.00 per share, a move expected to generate about $399.0M in gross proceeds, before expenses. Additionally, underwriters have a 30-day option to buy up to 225K more shares at the same price. The offering is scheduled to close on May 15, 2026. Bel plans to use the proceeds to reduce its debt, complete a 20% acquisition of Enercon Technologies, Ltd., explore other acquisitions or partnerships, and for general corporate purposes. More on Bel Fuse Bel Fuse Inc. (BELFA) Presents at Oppenheimer 21st Annual Industrial Growth Virtual Conference - Slideshow Bel Fuse Inc. (BELFA) Q1 2026 Earnings Call Transcript Bel Fuse Inc. (BELFA) Presents at Citadel SMID Cap Generalist Investor Conference 2026 - Slideshow Bel Fuse launches 1.3M share Class B stock offering Bel Fuse projects Q2 sales of $195M-$215M after $16M dataMate acquisition and segment realignment
China has renewed import licenses for hundreds of US beef plants, reviving trade in the meat as the leaders of the world’s two biggest economies meet in Beijing to stabilize commercial and geopolitical relations. The permits were renewed on Thursday and are usually valid for five years, according to people with direct knowledge of the matter, who asked not to be named as they’re not authorized to ...
China has renewed import licenses for hundreds of US beef plants, reviving trade in the meat as the leaders of the world’s two biggest economies meet in Beijing to stabilize commercial and geopolitical relations. The permits were renewed on Thursday and are usually valid for five years, according to people with direct knowledge of the matter, who asked not to be named as they’re not authorized to speak to media. China’s customs office did not immediately respond to a request for comment. Beijing last year allowed import authorizations for hundreds of US meat plants to lapse after President Donald Trump waged an aggressive tariff war aimed at reordering global trade in America’s favor. That effectively tanked the trade, and US shipments of beef and related products to China dropped about 67% between 2024 and 2025, while total exports last year fell 12%, according to the US Department of Agriculture. The latest renewals come as Trump meets Chinese leader Xi Jinping in the first visit by a sitting American leader in nearly a decade, and is an early positive signal on what more could come out of the closely-watched summit. The two sides are also expected to agree on reviving trade in other agricultural products, like China’s purchases of American corn and soybeans. China’s domestic meat producers have been grappling with oversupply and weakening consumption, prompting Beijing to place quotas on beef imports as it seeks to protect the local industry. That’s dealt a blow to Brazil, which is already close to reaching its annual quota, and other major shippers including Australia and Argentina. The US, in the meantime, hasn’t used much of its allocations in China. The permit renewals for its plants could pave the way for US supplies to take a larger share of the world’s biggest beef market going forward. China is also a key destination for organ meats for which there’s little demand in the US, and the loss of those buyers has caused average prices for those products to drop...
Watches of Switzerland Group Plc revenues surged to a record last year and profit will come in higher than expected after strong sales in the vital US market. The company, one of the world’s top sellers of Rolex watches, said Thursday it now expects adjusted earnings before interest and tax of as much as £155 million ($210 million), ahead of previous guidance. This is on revenue that rose 13% to £...
Watches of Switzerland Group Plc revenues surged to a record last year and profit will come in higher than expected after strong sales in the vital US market. The company, one of the world’s top sellers of Rolex watches, said Thursday it now expects adjusted earnings before interest and tax of as much as £155 million ($210 million), ahead of previous guidance. This is on revenue that rose 13% to £1.8 billion in the 53 weeks to May 3. The US, a market Watches of Switzerland entered only eight years ago, now accounts for more than half of group sales, in an important milestone for a company that has pledged to double sales and profit by 2028. Shares of Watches of Switzerland rose as much as 13.7% in early trading in London. The stock is up more than 52% in the past 12 months. In a bullish tone for a company operating in a sector facing significant headwinds, Watches of Switzerland said it expects as much as 10% revenue growth in the current fiscal year and further growth in its adjusted earnings before interest margin. The upbeat update also marks a contrast to February when Watches of Switzerland said margins would be slightly lower as brands raised prices amid higher raw-material costs and US President Donald Trump ’s tariffs. Watchmakers are facing higher costs for key materials like gold at the same time consumer uncertainty is growing. Watches of Switzerland has “strong momentum”, according to Kate Calvert , an analyst at Investec Bank. “Watch demand remains robust, with a good pipeline of projects, the benefits from the recent acquisition, and a strengthening pre-owned and jewellery business.”
(RTTNews) - Meritz Financial Group (138040.KS) reported first-quarter net income attributable to shareholders of the parent company of 666.97 billion Korean won, representing a 9.4 percent increase compared to 609.83 billion won in the same period of the previous year. Operating
(RTTNews) - Meritz Financial Group (138040.KS) reported first-quarter net income attributable to shareholders of the parent company of 666.97 billion Korean won, representing a 9.4 percent increase compared to 609.83 billion won in the same period of the previous year. Operating