PM Narendra Modi is set to hold bilateral talks with Chinese President Xi Jinping today on the sidelines of the Brics Summit in Russia’s Kazan. The meeting matters as it comes amid tensions between …
BUSINESS
Hong Kong bourse’s profit beats estimates on China stimulus, rate cuts
Hong Kong’s bourse operator reported a 7% rise in third-quarter profit on Wednesday, ahead of forecasts, as China’s stimulus package and interest rate cuts by global central banks fuelled trading and …
Taiwan Military Warns on LNG Vulnerability After China’s Drills
Taiwan’s imports of liquefied natural gas could be vulnerable if China someday imposed a blockade, the archipelago’s defense chief said — highlighting the concern Beijing’s military activity is …
TSMC says it alerted the US of potential China AI chip curbs violation
The teardown was of Huawei’s Ascend 910B, another source said. The 910B is viewed as the most advanced AI chip available from a Chinese company. The first source would not identify the item, but said…
The Quarter-Trillion Dollar Rush to Get Money Out of China
Chinese residents, worried about growth, have been illicitly moving billions of dollars out of the country, using everything from crypto to fine art.
Vietnamese lobsters claw back to prominence in China after temporary dip
Following a sharp decline last year, China’s imports of lobsters from Vietnam have returned to healthy levels with the same speed.
China Resources Beverage shares jump 13.5% on Hong Kong IPO debut
Shares of drinks maker China Resources Beverage leapt 13.5% on its Hong Kong trading debut on Wednesday after raising $540 million in an initial public offering (IPO).
Top international fashion brands debut new collections as a vote of confidence in China
Top international fashion brands are launching new collections in China economic hub Shanghai, a vote of confidence in the country consumer market …
Germany bets on India to reduce reliance on China
Chancellor Olaf Scholz leads a high-level delegation to New Delhi this week, betting that greater access to the vast Indian market can reduce Germany’s reliance on Beijing even if India does not turn …
L’Oreal third quarter sales disappoint as China spends less on beauty
French cosmetics giant L’Oreal reported a rise in third quarter sales on Tuesday that missed expectations after low consumer confidence in China sapped demand for beauty products.
General Motors overcomes US sales drop and China losses to post quarterly profit of $3 billion
U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of $3 billion Tuesday, slightly less than it made…
China’s Singles’ Day sales festival fails to inspire consumers
China’s largest shopping event is underway but most merchants and retail analysts expect flat or at best, tepid sales growth, noting consumers are still very much dispirited by the country’s economic woes.
Oil Gains as China Lifts Crude Import Quota
Both key benchmarks gained more than 1.5% on the day, helped by economic optimism out of China and lingering concerns about potential disruptions from the ongoing conflict in the Middle East.
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