Amazon will start renovating the former Manchester Wood furniture factory on county Route 24 in Granville as early as next month after the town planning board approved the opening of a last-mile distribution center on the 23-acre property. "This will create jobs and help bolster our economy," said Granville Planning Board chair Todd Smith. An Amazon representative told town officials the 56,000-square-foot warehouse will employ approximately 200 people and construction is expected to be complete by mid-2023, Smith said. Read More...
Benzinga
Great News For Alibaba And Peers As HSBC Finds The Sector Promising
HSBC Holdings, plc (NYSE: HSBC) found the outlook of some Chinese industries, from the internet to property, has turned brighter as it had priced in much of the bad news. HSBC identified four sectors in China that look promising, Bloomberg reports. The sectors included internet firms with better-than-expected earnings growth, developers to win from significant industry consolidation, renewable firms blessed with favorable policies, and consumer goods producers that benefit from demographic shift
