As Russian forces rolled over the Ukraine border in the first moments of their invasion, another, less visible onslaught was already underway – a cyberattack that crippled internet linked to a …
Monthly Archives For May 2024
‘Asset famine’ in China curbs central bank’s bond trading ambitions
A scarcity of low-risk assets in China’s financial sector is obstructing the central bank’s plans to make its monetary policy toolkit more efficient with a return to the treasury bond market after a …
China enhances Swap Connect in further financial opening-up
In a bid to further promote the coordinated development of financial derivative markets in both the Chinese mainland and the HKSAR, the People’s Bank of China, the Securities and Futures Commission of …
Firms strive to boost the export of agricultural products to China by rail
Many exporters are boosting farm exports to China by rail, thanks to it being quick, cheaper and a more reliable form of transport.
Shares of China Evergrande’s EV unit soar after liquidators’ stake sale deal
Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after the company said liquidators had agreed on behalf of key shareholders to sell a stake in the …
Earthquake of magnitude 5.0 hits China’s Sichuan province
An earthquake of 5.0 magnitude struck Muli county in China’s Sichuan province, according to China Earthquake Networks Center on Monday.
China’s premier hails ‘new beginning’ with US-allied South Korea, Japan
By Hyonhee Shin SEOUL (Reuters) -Chinese Premier Li Qiang praised what he called a restart in relations with Japan and South Korea as he met their leaders for the first three-way talks in four years…
China sets up $47.5 bln state fund to boost semiconductor industry
China has set up a new state-backed investment fund with registered capital of 344 billion yuan ($47.5 billion) to boost the country’s semiconductor industry.
Leaders of South Korea, China and Japan to resume trilateral meeting
SEOUL, South Korea — Leaders of South Korea, China and Japan were set to meet Monday for their first trilateral meeting in more than four years as they seek to improve long-complicated relations that …
China Industrial Profits Rise in April as Demand Recovers
Profits at China’s industrial companies rose in April as exports returned to growth in the same month and domestic demand improved, giving a boost to the economy.
China Builder Kaisa Granted More Time for Restructuring
A Hong Kong court adjourned to June 24 a hearing on a winding-up petition against Chinese developer Kaisa Group Holdings Ltd. on Monday, giving the struggling firm more time to work on a debt …
China’s industrial profits swing back to growth in April
BEIJING: China’s industrial profits swung back into positive territory in April while gains over the first four months period held steady at first-quarter levels, official data showed on Monday, …
Top events of the day: Dividends announcement, 10th results, Awfis IPO, Go First resumptions and more
Today, May 27, 2024, promises to be eventful with several significant happenings. Shares of Stovec Industries will trade ex-dividend; the Rajasthan and Maharashtra Boards are expected to announce …
