After weeks of wrangling, EU leaders have agreed a deal to slash oil imports from Russia by as much as 90% by the end of the year.
Monthly Archives For May 2022
China manufacturing begins to rebound as COVID-19 restrictions ease
Manufacturing in China started to improve in May after the country lifted coronavirus lockdowns that shut down China’s richest and most populous city of Shanghai, as well as other industrial areas, …
As China restarts economy, firms from UBS to Fidelity to AXA step up stock-recovery bets, pin hopes on Covid-19 policy shifts
Stock revival gains momentum as investors from Fidelity, UBS, AXA and Schroders pin hopes on China further adjusting its disruptive Covid-19 policies.
China digital currency: Shenzhen hands out e-CNY vouchers worth US$4.5mil via Internet platform Meituan
Winners will receive a virtual ‘red packet’, a traditional Chinese symbol of good fortune, containing 88, 100 or 128 yuan of the digital currency. Shenzhen is one of the first cities in the country to…
China Rushes Bond Sales to Spur COVID-Hit Economy, More Seen Needed
China’s cabinet unveiled a raft of policy measures last week to support an economy jolted by stringent COVID-19 curbs, but analysts believe more stimulus will be needed to help sustain a recovery. The …
China Takes Advantage of Russia-Ukraine War, Increases Aluminium Exports to Europe
Known for shrewd diplomatic moves, China is exploiting the Russia-Ukraine situation and increasing its aluminium exports which outstrips its imports man …
China digital currency: Shenzhen hands out e-CNY vouchers worth US$4.5 million via internet platform Meituan
Winners will receive a virtual ‘red packet’, a traditional Chinese symbol of good fortune, containing 88, 100 or 128 yuan of the digital currency Shenzhen is one of the first cities in the country to…
China’s factory downturn slows as Covid curbs ease; Brent crude oil hits $124 – business live
Rolling coverage of the latest economic and financial news. Gazprom cuts off supplies to Dutch GasTerra 08:20 Russian energy giant Gazprom says it has fully cut off gas supplies to Dutch …
Live news updates: China’s manufacturing sector contracts at a slower pace
Foxconn said that the impact of lockdowns on production had been limited by its use of a ‘closed loop’ system where workers remain on site © I-Hwa Cheng/Bloomberg Apple supplier Foxconn said it was …
China’s manufacturing activity contracted again in May
China’s official manufacturing purchasing managers index rose to 49.6 in May, the National Bureau of Statistics said Tuesday, picking up from 47.4 in April .
China’s service trade up 21.9 pct in Jan.-April
China’s service trade rose 21.9 percent year on year to reach 1.9 trillion yuan (about 286.4 billion U.S. dollars) in the first four months of the year, data from the Ministry of Commerce showed on…
China state media signals tighter crypto regulations in Terra aftermath
The Chinese state-owned media outlet the Economic Daily published an article signaling China may impose further regulations on stablecoins after the price of the algorithmic stablecoin TerraUSD …
Hong Kong tycoon Richard Li’s FWD delays $1bn IPO on market volatility
Insurance group FWD has delayed its $1bn Hong Kong initial public offering due to volatile market conditions, according to people familiar with the matter, the latest in a string of listings setbacks …
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