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 …
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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 …
central bank adds liquidity via reverse repos
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 441 pips to 6.6607 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s …
central bank adds liquidity via reverse repos
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 441 pips to 6.6607 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s …
COVID-hit Shanghai to end two-month lockdown on June 1
Shanghai on Monday announced an end to its two-month long COVID-19 lockdown, allowing the vast majority of people in China’s largest city to leave their homes and drive their cars from Wednesday.
Goldman Sachs discusses the stressors in China’s property market
Kenneth Ho of the investment bank weighs in on China’s property sector and its broader economy. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more…
China draws from next year’s budget for local government handouts
China’s finance ministry has dipped into next year’s budget to hand over 400 billion yuan ($59.7 billion) to local governments to cover the cost of tax breaks and fee cuts designed to give businesses …
China plans to airdrop digital Yuan to improve its economy
China plans to airdrop digital Yuan worth around $30 million to improve its economy and increase public spending.
Bitcoin rallies above $30 000 as China eases Covid curbs
The largest cryptocurrency was up 5.2% to $30 687 at 2:21 p.m. in New York, its biggest increase since May 15.
Powell to meet Biden
USD rises amid Fed speak, higher UST yields and German inflation data; Month-end also in focus; Powell to meet Biden. General trend – US markets return from ho …
