While most countries are likely to go into recession, India and China are expected to record positive growth (this financial year … to be among the most affected amid a reduction in consumer … (…
FINANCE
Markets Brush Aside China Data as Plans to Ease Lockdown Measures Sink the Dollar
Weekend updates supported government plans to ease lockdown measures, which weighed on the Greenback early on. Stats are light … ( read original story …)
Asian markets gain after Japan central bank boosts aid
Asian stock markets gained Monday after Japan’s central bank promised more asset purchases to shore up financial markets as investors look to central bankers to support the struggling global economy. ( read original story …)
India should look to convert world’s ‘hatred’ for China into economic opportunity: Nitin Gadkari to Indian overseas students
Gadkari said all government departments, particularly the Finance Ministry as well as the Reserve Bank of India (RBI), are formulating policies to win the “economic war” post the COVID-19 pandemic. ( read original story …)
China sees more inclusive finance loans in Q1
RMB loans to micro, small and self-employed businesses, farmers’ production and people living in poverty, as well as venture guarantee loans and student loans, increased about 145.47 billion U.S. ( read original story …)
China’s Digital Currency Takes Shape; Will It Challenge Dollar?
For two days in a row last week, amid coronavirus-related market meltdowns, a group of stocks on China’s main exchange moved so significantly that they triggered automatic circuit-breakers designed to … ( read original story…
Asia Cement (China) Holdings (HKG:743) Could Easily Take On More Debt
The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he … ( read original story …)
Global military spending saw largest increase in decade in 2019; China, India in top 3: Study
PTI Global military spending saw largest increase in decade in 2019; China, India in top 3: Study . Global military expenditure at 3.6 per cent saw its largest annual spike in … ( read original…
Newly revealed financial records show Trump owes millions to state-owned bank in China: report
Trump claims China would “own” the U.S. if Biden wins, but he’s on the hook for millions — and the due date is 2022 … ( read original story …)
China Firms Halt Dividends, Sell Equity to Ride Out Pandemic
In this era of pandemic uncertainty, Chinese and Hong Kong-listed firms have come to one consensus on how to best survive it: sit on their wallets and preserve cash.They are retaining profits instead … (…
China Industrial Firms’ March Profits Fall 34.9% Year-On-Year
March, industrial firms’ profits fell 36.7% on an annual basis to 781.45 billion yuan. Liabilities at industrial firms rose 5.4% on year at end-March, versus a 5.3% increase as of end-February. The … ( read…
China’s industrial firms’ profits contract in March but at slower pace
Profits at China’s industrial firms fell in March although at a slower pace than in the first two months, with many sectors seeing significant declines, suggesting the economy is still struggling to … ( read…
Bank of China Clients Said to Lose $1 Billion on Oil Bets
Bank of China Ltd.’s estimate for the carnage to retail investors from the collapse in a product linked to U.S. crude oil futures surged 11-fold to more than 7 billion yuan ($1 billion) as it…
ADVERTISEMENT
