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Global Market: China broadens Yuan FX clearing in push for global currency useChina has expanded yuan foreign-exchange clearing to include the Singapore dollar, New Zealand dollar and Thai baht, as Beijing seeks to wi...- China's car glut has long flooded the world. Now comes the cleanupChina's auto industry faces a major reset as production exceeds domestic demand significantly. Toyota's planned joint venture consolidation...
- Dollar rises after Fed hikes rates in bid to counter inflationThe US dollar rises against major currencies after the Federal Reserve hikes interest rates and signals further tightening to tackle inflat...
- China may have found a way to tackle glut in car marketTwo state-owned cos, which make Toyota models, plan to combine ops in a sign that car sector is headed for consolidation.
- Global Market | China’s slower loan growth is becoming the new normal: PBOC Governor Pan GongshengChina’s slower loan growth is emerging as a new normal as weakening property and local government sectors reduce credit demand faster than ...
- Dollar girded by bets on a US hiking cycleOn Wednesday, the dollar maintained its recent strength against leading currencies as traders eagerly awaited the Federal Reserve's anticip...
- A 75-year-old Chinese woman spends Rs 4.3 crore of her life savings on beauty treatments, including a Rs 5.7 lakh lip tattoo; forced to sell jewellery to pay rentAn elderly woman in China spent her entire life savings on beauty treatments. She paid approximately Rs 4.3 crore for various procedures at...
- China urges more FX hedging to aid exportsChina's foreign exchange regulator is urging banks to implement currency hedging options for exporters. This strategy intends to protect bu...
- China's DeepSeek hires dealmaker as CFO ahead of possible IPOA CFO typically plays a central role in managing investor communications, financial controls, capital allocation and disclosure processes ...
- Beijing bans drone possession after June's deadly skyscraper crashBeijing will ban drone possession and storage starting November 15. Existing drone owners must remove devices from the city by November 14....
- Global Market: Tencent-backed Enflame soars 200% in blockbuster Shanghai IPO debutTencent-backed Shanghai Enflame Technology surged nearly 200% in its Shanghai debut after raising $912 million through its IPO. Strong inve...
- Global Market: China, Hong Kong stocks fall as rate hike fears weigh on sentimentChina and Hong Kong stocks fell on Friday, with the CSI300 and Hang Seng heading for weekly losses amid thin trading volumes, weaker liquid...
- Global Market: China state insurers, banks to raise up to $54 billion to bolster capitalChina’s Ministry of Finance will inject up to $10.4 billion into five state-owned insurers as part of a broader plan to strengthen financia...
- China's AI chipmakers raise prices as high-bandwidth memory shortage bitesHuawei has lifted the indicated price of its Ascend 950DT accelerator card, which integrates an AI processor with memory and other componen...
- Gold little changed with US inflation data in sightGold prices hold their fort as traders keenly anticipate key inflation data that will influence interest rate strategies of the US central ...
- China's DeepSeek taps CITIC Securities for domestic IPODeepSeek's engagement of CITIC, which has not been reported so far, is an indication that the startup is moving along in its IPO plan. Comp...
- Global Market: China insurer recapitalisation may ease capital constraints and support stock investmentsChina’s planned $53.6 billion recapitalisation of state-owned insurers and banks could ease solvency pressures and strengthen insurers’ cap...
- China to pump $54 billion into state banks, insurers in capital-boosting pushChina's finance ministry is injecting over fifty billion dollars into state-owned financial institutions. This coordinated push aims to str...
- ‘I scratched your back, now pay me’: 32-year-old entrepreneur’s Rs 1400000 a month itch business leaves internet amazedA 32-year-old Chinese entrepreneur has launched two itch-scratching stores in Shenzhen that he says now generate 100,000 yuan in monthly gr...
- China’s Big Three airlines sink deeper into losses as fuel costs soarChina's three largest state-owned airlines reported substantial first-half losses. Surging jet fuel prices and a weak summer season impacte...
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