Tag Archives: bloomberg

Bloomberg’s Tom Orlik: Even painful, China needs deleverage

Dec 2, 2017, | by Naanga

Beijing, China — Bloomberg economists expect China’s economic growth to further moderate to 6.4 percent in 2018, to 6.2 percent in 2019, according to a survey conducted by Bloomberg News.

“The Chinese economy is going to slow towards mid-single digits, 5.5 percent by 2020,” said Tom Orlik, the chief Asia economist for Bloomberg Intelligence.

Not only Bloomberg is de-escalating the second largest economy’s estimation, but also IMF, Morgan Stanley, and UBS will moderate in coming years outlook.

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Apple earnings beat expectations, iPhone 7 plus strong demand pushes sales

October 28, 2017, By Naanga

Beijing, China (_____) – Apple Inc’s third-quarter revenue topped analysts’ estimates, as the iPhone maker benefited $1.67 a share from high demand in iPhone 7 Plus. Analysts of the Wall Street had expected on average revenue to post $44.4 billion and earnings per share of $1.56.

After the earnings released, Apple’s shares rallied 5.5 percent to $158.3 trade at a record level, hits its previous all-time high of $156.6, in extended-hours trading at NYSE, according to MarketWatch. Apple share has gained 38 percent this year, surpassing double-digit gains by both the Dow Jones Industrial Average and S&P 500.

Continue reading Apple earnings beat expectations, iPhone 7 plus strong demand pushes sales