China hedge funds caught out by abrupt market surge

China hedge funds caught out by abrupt market surge

SHANGHAI (Reuters) – China’s abrupt and ferocious stock market rally has slammed some of the country’s biggest hedge funds, forcing them to hastily cover short positions and take losses on…
China woes drag down Pernod Ricard’s Q1 sales

China woes drag down Pernod Ricard’s Q1 sales

PARIS (Reuters) -French spirits maker Pernod Ricard (EPA:PERP) said it still expected to return to sales growth in the 2024/25 fiscal year despite reporting a worse-than-expected 5.9% fall in first…