Several White House officials, as well as President Joe Biden himself, have signaled that the administration is weighing whether to dismantle at least some of former President Donald Trump’s tariffs …
FINANCE
China’s Covid battle intensifying sell-off risks in metals
The sell-off in base metals continues after Beijing ratcheted up Covid containment measures. The confidence shock in the market has seen copper briefly …
Egypt considers issuing bonds in China’s yuan
Egypt may soon sell bonds that are priced in China’s currency the yuan. Minister of Finance Mohamed Maait made the announcement yesterday alongside the People’s Republic’s A …
Coach-Owner Tapestry Beat Expectations Despite Sales Dip in China
Tapestry just posted better-than-expected results for the third quarter, despite industry-wide headwinds that impacted its bands.
China has gained nothing from Ukraine war and it will only prompt further breaches of international rules, says leading scholar
China has not benefited from the war in Ukraine, which is going to undermine the international legal framework, a leading Chinese international affairs scholar has said. Yan Xuetong, dean of the …
China says it will ‘strictly limit’ citizens from going abroad
Shanghai, China’s largest city and main financial centre, has been under a severe lockdown since late March. It was initially supposed to last for eight days across two halves of the city, but a clear…
Economic Stimulus Has Become Inevitable for China
If China wants to meet its 5.5 percent growth target, it will have to change its macroeconomic policy. China’s economic growth targets and macroeconomic policies, formulated at its annual …
The World’s Largest Banks 2022: China’s ICBC Leads While JPMorgan Chase Falls
2021 was largely a good year for the banking sector as firms posted strong earnings and robust deposit growth thanks to trillions of dollars in pandemic stimulus spending from governments.
Lucid CEO: Chip supplies in wake of China lockdowns are top concern
The CEO of Lucid Group Inc. on Wednesday expressed concern about chip supplies from China due to COVID-19 pandemic-related lockdowns, adding that the U.S. electric vehicle startup is taking measures …
China stresses cooperation at ASEAN+3 meeting
Liu Kun, China’s minister of finance, made the remarks on Thursday as he attended and co-chaired the 25th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting, which was held via video link.
Economic Watch: With more opening-up measures in pipeline, China set to remain appealing to overseas investors
Despite multiple unexpected factors rattling global financial market, China has renewed its commitments to further opening its capital market, with pragmatic measures in the pipeline to lure more …
CKGSB Investor Sentiment Remain Pessimistic on China’s Capital Markets
Investors remain pessimistic on China’s A-shares stocks and real estate as investment in precious metals such as gold increases by 10.2%, according to the new quarterly Investor Sentiment survey from …
Coach owner Tapestry cuts profit forecast as China lockdowns bite
Tapestry lowered its full-year profit forecast on Thursday as fresh lockdowns in major market China hurt sales of its luxury handbags and apparel, sending its shares down 4% in premarket trading. The …
