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Chinese industrial profits see sharp rise to 14.4pc

Oct 27, 2026

China's industrial profits grew at a faster pace in September, though a deepening divergence across the economy continued to weigh on business earnings. Profits at industrial firms rose 14.4 percent from a year earlier last month, quickening from a 4.2 increase in August, data from the National Bureau of Statistics showed on Tuesday. Profits were up 15.5 percent in the first nine months, compared with a 15.7 percent increase in the January-August period. While export-oriented firms brace for greater uncertainty, as expanding trade surpluses heighten the risk of external pressures, firms tied to domestic demand continue to grapple with subdued consumption, casting a shadow over the sustainability of profit growth. The sectoral divide remained pronounced. Profits in the computer, communication, and other electronic equipment manufacturing category soared 103.8 percent in the first nine months, whereas the furniture manufacturing sector posted a 51.3 percent decline, making it one of the weakest performers and highlighting the uneven nature of China's economy. A stronger-than-expected 4.5 percent expansion in the third quarter put China within reach of its annual growth target of 4.5 to five percent, but disparities across different parts of the economy suggest the recovery remains unbalanced, with persistent weakness in some sectors continuing to erode corporate profitability. That pressure has become increasingly visible at the company level. Net profit at the world's largest electric vehicle battery maker, CATL, slowed sharply in the past quarter, as intense competition in the EV battery market squeezed margins at a time when China's auto sales were in a downturn. Industrial profit figures cover firms with yearly revenue of at least 20 million yuan from main operations. (Reuters) Edited by Tony Sabine

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Oct 27, 2026

Rays put on the brink of World Series flop by Brewers' historic 8-run, 2-out surge

ST. PETERSBURG, Florida — Tampa Bay's first World Series game at Tropicana Field in 18 years turned into a record-setter: for Milwaukee Brewers batters and Rays pitchers. Milwaukee became the first team to score eight runs with two outs in a World Series inning, taking a 10-0 lead in the fifth on Monday night and moving toward taking a 3-0 lead in the best-of-seven series. Brewers batters strung together a postseason-record seven straight two-out hits against starter Freddy Peralta and relievers Cam Booser and Cole Sulser. Brice Turang, Garrett Mitchell and Cooper Pratt combined to drive in five runs in a three-pitch span, opening a 7-0 lead, and Jackson Chourio had two hits in the inning, giving him four in the game. Milwaukee had three doubles and four singles. The previous high of seven runs with two outs was set by Boston in the fifth inning of the 2007 opener against Colorado and matched three years later by San Francisco in the eighth inning of Game 2 against Texas, according to the Elias Sports Bureau. Of 43 teams to trail 0-3 in a best-of-seven postseason series, only the Red Sox against the New York Yankees in the 2004 AL Championship Series rebounded to win. Of 25 falling into a 0-3 World Series deficit, 21 were swept and four extended the Series to a fifth game before losing. Coming off a pair of one-run wins at American Family Field, the Brewers took a 2-0 lead in the third when Christian Yelich and William Contreras hit opposite-field, one-out RBI singles on consecutive pitches. Chourio singled with one out in the fifth and Christian Yelich walked with two outs. Contreras grounded to third and Junior Caminero threw to second as umpire Dan Bellino signaled a forceout. But the call was reversed in the New York replay operations center, giving Contreras an infield single that loaded the bases. Left-hander Cam Booser relieved and Turang's 106 mph one-hop grounder bounced off the glove of shortstop Taylor Walls, who dropped to a knee and tumbled as the ball bounced into short center field and two runs scored. Booser spun his neck to watch the ball as the Brewers broke open the game with a 4-0 lead. One pitch later, Mitchell grounded an opposite-field RBI single through the shortstop hole vacated with Walls shifted toward second for the left-handed batter. Pratt followed with a smash off the glove of diving Caminero that rolled into the left-field corner for a two-run double. Sal Frelick sliced an opposite-field double that hit the wall on a hop in the left-field corner, scoring Pratt and chasing Booser. David Hamilton greeted Sulser by lining a shoulder-high fastball into center for a run-scoring single and a 9-0 lead. Chourio then lofted an opposite-field RBI double that hit just in front of the warning track. Jake Bauers followed with an inning-ending flyout. The Los Angeles Dodgers were the only prior team with eight two-out runs in any postseason inning, scoring 10 with two outs in the first inning of Game 3 against the Brewers in the 2020 NL Championship Series, according to MLB.

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Oct 27, 2026

Thunder lose starters Wallace and Williams to injuries

WASHINGTON, D.C. — Oklahoma City Thunder forward Jalen Williams and guard Cason Wallace will both be sidelined indefinitely after upcoming surgeries to repair injuries, the NBA club's general manager Sam Presti announced Monday. Williams suffered a fractured fibula and dislocated left ankle while Wallace suffered a torn labrum in his left shoulder during Sunday's victory over the Los Angeles Clippers. A timetable for the return of both starters will not be determined until after the operations, but each is in jeopardy of missing the remainder of the NBA campaign based on similar past injuries. "We're extremely optimistic about the recovery for both of the players," Presti said at a news conference. "Most importantly, things could have been a lot worse." The Thunder started the NBA season 3-0 with solid contributions from both players. Williams has averaged 13.7 points, 4.7 rebounds, 3.3 assists and 1.0 steals a game while Wallace has averaged 6.3 points, 2.3 rebounds, 2.3 steals and 1.3 assists a game. "We'll wrap our arms around these guys. We'll get them back. We'll get them healthy," Presti said. "When these things happen it's really tough. This is the kind of thing that gets thrown at you here. You just plow right through it. You walk through punches and you step over roadblocks. Our guys are ready to do that." Presti said he has not pondered what deals he could make to boost the Thunder's hopes for the campaign in the short term. "I really haven't given a lot of thought to that," Presti said. That included any thought of trying to coax former Thunder star point guard Russell Westbrook out of retirement. The 2017 NBA Most Valuable Player retired in August at age 37 after 18 NBA seasons, including 2008-2019 with the Thunder. "All I'm focused on right now is players, getting them the right support, and then helping everybody within our group," Presti said. "We have a tremendous challenge in front of us but this is what we do. We'll have to keep grinding and I know that's what we'll do." Williams landed awkwardly and his left leg collapsed with 74 seconds remaining in the game. He was carried off on a stretcher, teammates in tears. Williams signed a five-year contract extension worth $239 million last year after playing through the Thunder's title run with a torn right wrist ligament. He missed 19 games last season recovering from the wrist surgery and struggled with hamstring strains most of the campaign, only to face the latest setback. "He has a great mindset," Presti said. "That's what keeps him motivated." Wallace, who signed a five-year contract extension worth $139 million last week, was injured in the first quarter after running into a moving screen. "They will be back again playing pretty soon," Presti said, adding the team has protocols and routines to help cope with such a loss. "The train has got to keep moving," Presti said. "There's a lot of good fortune that comes in this business and there has to be some bad that comes with it if you do it long enough."