Fitch Ratings has revised the Rating Watch on China Huarong Financial Leasing Co., Ltd.’s (Huarong Financial Leasing) Long-Term Issuer Default Rating (IDR) of ‘BBB-‘ to Evolving (RWE) from Negative …
FINANCE
China’s Pinduoduo misses quarterly revenue expectations
Chinese e-commerce platform Pinduoduo Inc missed Wall Street expectations for quarterly revenue on Tuesday, hit by tough competition from larger rivals like Alibaba and JD.Com to tap into the pandemic …
China Ride-Hailing Giant Didi Puts Europe Expansion on Hold
Didi Global Inc. suspended plans to expand in Europe partly because of government concerns over how the Chinese ride-hailing company handles passenger data, according to a person familiar with the …
UPDATE 1-Kamala Harris says Beijing continues to ‘coerce’ in South China Sea
U.S. Vice President Kamala Harris on Tuesday accused Beijing of continuing to “coerce” and “intimidate” in the South China Sea and pledged that Washington would pursue a free and open Indo Pacific.
Traffic Improves in China as Beijing Quashes Outbreak of Delta
Traffic on China’s typically busy city streets has shown signs of a recovery as the key crude-importing nation managed to quash a resurgence in Covid-19 cases, bolstering the outlook for energy demand …
British Jobs, Hungary’s Rates, China’s Central Bank: Eco Day
Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the week.
China’s Central Bank Vows to Boost Credit Support, Stabilize Money Growth
China’s central bank chief vowed to stabilize the supply of credit and boost the amount of money supporting smaller businesses and the real economy, after both credit and economic growth slowed in …
Kenya banking on China-built port to become transshipment hub
NAIROBI – Kenya will leverage Chinese-built Lamu port to become a regional transshipment hub, stimulate local manufacturing and create additional jobs, senior officials have said. Ukur Yatani, cabinet …
Why the next move for China’s interest rates should be up, not down
This is not the moment for China to cut interest rates. With the US Federal Reserve looking likely to tighten monetary policy fairly soon, it’s safe to say that China has already reached the bottom…
China’s yuan flat as dollar recovers ahead of Jackson Hole
China’s yuan was steady against the U.S. dollar on Tuesday as the greenback emerged from its biggest one-day fall since May, but moves were muted ahead of a Federal Reserve symposium that could shed …
Bank of America – Beijing Embraces ‘Moral Hazard’ – The Huarong Bailout Was The Right Move
Find the latest Bank of America Corporation (BAC) stock quote, history, news and other vital information to help you with your stock trading on FintechZoom.
China Stocks Can Shrug Off Crackdown to Reclaim Highs, MSCI Says
MSCI Inc., the world’s biggest index provider, says Chinese stocks may be able to shrug off concerns caused by Beijing’s regulatory crackdown and again reach record highs. Regulatory compliance has …
Fitch Affirms China Construction Bank (New Zealand) at ‘A’; Outlook Stable
Fitch Ratings has affirmed China Construction Bank (New Zealand) Limited’s (CCB NZ) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘A’. The Outlook is Stable. At the same time, …
