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CHINA CONSUMER DEFAULTS
China's record consumer defaults undermine Beijing's push to boost spendingChinese banks are reluctant to increase lending as bad loans rise. The government wants borrowing to boost consumption and economic growth....- Charting the Global Economy: US hiring slows, eurozone CPI coolsIn Asia, Japan's economy is nearing a post-war growth record, buoyed by AI-driven exports, though some Chinese fund managers warn of an AI ...
- Hands-on with Intel's Arc G3 handheld at Computex: It might finally give AMD some competitionIntel is set to challenge AMD's hold on handheld gaming. New Arc G-Series processors, seen on the MSI Claw 8 EX AI+, offer better graphics ...
- Apple bets on overdue Siri fix to close AI gapThe revamp, unveiled at its annual Worldwide Developers Conference in Cupertino, California, introduces "Siri AI," a more conversational as...
- Why Amazon has struggled to crack IndiaAmazon's India strategy is changing: under new leadership, the company is focusing on profitability over rapid growth. This shift comes as ...
- Rising prices may hit 54 pc of festive smartphone demand, denting annual sales by up to 30 pcIndian consumers may delay buying new smartphones or opt for used devices if prices continue rising. This trend could significantly impact ...
- India’s desi gaming startups tap culture and storytelling to break China’s grip on toy and board game marketIn the vibrant world of play, Indian board games and toys are experiencing a renaissance. Consumers are leaning towards locally inspired op...
- China's internet firms cautiously revive lending as Beijing pushes consumer loansBeijing began reining in what it described as "disorderly expansion" by internet platforms in 2020 by pulling the IPO of Alibaba-affiliated...
- Over 230 home developers filed for bankruptcy in China last year: ReportAn estimated 233 home developers in China filed for bankruptcy last year amid the economic crisis, according to the China Real Estate Assoc...
- China is on edge as fallout from its real estate crisis spreadsChina's dependence on real estate was lucrative during what seemed like a never-ending property boom, but it has become a liability after y...
- China's Evergrande defaults: What happens next?A slowdown in the Chinese real estate sector, which accounts for a significant proportion of the country's economic output, could have ripp...
- Two Chinese property firms default on $1.6 billion in bonds: FitchThe Chinese government sparked a crisis within the property industry when it launched a drive last year to curb excessive debt among real e...
- China stocks extend gains on monetary easingThe blue-chip CSI300 index rose 1.5 per cent to 4,995.93, while the Shanghai Composite Index gained 1.2 per cent to 3,637.57. Both indexes ...
- Does the Evergrande turmoil in China have implications for India?Indian steel stocks, while no longer the best bets in the market, do not appear particularly bad either. We, however, prefer non-ferrous me...
- China stocks close firmer as investors eye stimulus planConsumer shares led the rally, with the CSI300 consumer staples index and the CSI300 consumer discretionary index rising 1.3% and 1.6%, res...
- Watchdog checks out on Jack Ma ahead of world's biggest IPOThe meeting comes after Ma questioned whether international financial regulations are suitable for the Chinese economy at a summit held in ...
- A global consumer default wave is just getting started in ChinaIn China, indicators aren’t pretty. Overdue credit-card debt swelled last month by 50% from a year earlier.
- Disappointed with NPA Ordinance, bullish on metals in long term: Sunil Subramaniam, Sundaram MFInfrastructure is a long-term bet for India, definitely demand for metals is going to go up.
- Commodities rebound on EU support for GreeceChina's inflation in June will be higher than in May, the National Development and Reform Commission said in a June 22 statement.
- Banks going slow on credit card hardsellAmid fears of default rates going up in the wake of high inflation and global slowdown, banks and card issuers in India are going slow in i...
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