Asian shares rose on Friday as a phone call between U.S. and Chinese officials raised hopes that trade tensions were easing, … ( read original story …)
Monthly Archives For May 2020
China ‘copycat’ buildings: Government clamps down on foreign imitations
From English towns, to Alpine villages, to the Eiffel Tower – copies of foreign architecture can be seen across China. But now the government is clamping down, in order to promote local design. A ……
This Is No Time to Play Games With China Savers
Deposits at riskier small lenders are a profit-booster for large institutions, an uncertain refuge for households. ( read original story …)
Stocks Rally As Reopening, Easing China-US Tensions Beat Bad Data
But traders remain buoyed, as mind-boggling stimulus and central bank backstopping measures along with easing China US-tensions have provided much-needed reassurance. That combined with signs of a … ( read original story …)
China Bank profit up 19% to P2.2 billion
MANILA, Philippines — Sy-led China Banking Corp. recorded a double-digit 19 percent rise in earnings to P2.2 billion in the first quarter from P1.9 billion in the same quarter last year, driven by the ……
Dow futures rise nearly 300 points as U.S.-China trade reps hold call; investors brace for jobs report
U.S. stock-index futures point sharply higher to start Friday trade, after Reuters reported that U.S.-China trade representatives held a phone call … ( read original story …)
Chinese stranded abroad accuse Beijing of abandoning them
Chinese nationals stranded overseas have accused Beijing of abandoning them far from home as the government prioritises avoiding a second wave of coronavirus infections. Beijing has implemented some … ( read original story …)
European shares ride on U.S.-China talks, earnings optimism
China relations gave a fresh dose of optimism for investors counting on the easing of lockdowns to spark a recovery in global growth. ( read original story …)
China, U.S. stand by trade deal as coronavirus pushes relations to worst in decades
SEOUL — U.S. and Chinese economic officials struck a conciliatory tone during a call on Friday as they discussed the prospects of China fulfilling a Phase 1 trade deal that President Trump has … (…
Covid-19: Asian Infrastructure Investment Bank to offer loan of $500 million to aid efforts
Beijing-backed Asian Infrastructure Investment Bank will offer a $500 million loan to aid India’s Covid-19 efforts. The financing will enable the Government of India to scale up efforts to limit the t … ( read…
Kingsoft IPO raises $510M, in first China IPO in US since coronavirus outbreak
Chinese cloud computing company Kingsoft Cloud Holdings Ltd raised $510 million in its U.S initial public offering, the first Chinese company to list in the United States since the coronavirus … ( read original story…
One of Bitcoin’s Earliest Miners Is Dedicating $66M in Crypto to a Fund of Funds
Bixin, one of the earliest bitcoin miner operators and wallet startups, is dedicating 6600 bitcoin, worth $66 million, to a new fund of funds. ( read original story …)
China-backed AIIB approves $500 million loan for India’s COVID-19 response
Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Friday it had approved a $500 million loan to India to help the country navigate the coronavirus pandemic. The loan is intended to … ( read original…
