The world economy is showing new signs of slowing down, as China’s post-Covid rebound fades and Germany’s struggling industrial sector threatens to pull Europe’s powerhouse into recession.
FINANCE
China’s Central Bank Outlook Spurs Call for Monetary Action
The People’s Bank of China pledged Monday to keep the overall amount of monetary policy in the economy “appropriate” while interest rate levels will remain reasonable, as debate intensifies over …
China’s SOE, tech stocks rally to strengthen as traders seek shelter from faltering economic recovery, say brokerages
CSC Financial, Western Securities say listed state-owned firms will remain attractive because of their appealing valuations and dividend payouts SOEs and tech companies are among the few sectors to …
Stock market today: Asian shares turn lower after China economic data weaker than expected
Asian shares were mostly higher on Tuesday even though the latest data showed China ’s economy is weaker than expected, with domestic demand failing to bounce back as much as hoped for after the …
Morgan Stanley Weighs Cutting 7% of Asia Investment Bank Jobs
Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, with China taking the biggest hit as deteriorating relations with the US and weaker economic growth curb …
China’s factory output, consumption highlight slack post-COVID economic momentum
China’s industrial output grew 5.6% in April from a year earlier … The year-on-year figures were heavily skewed by declines last April when the financial hub of Shanghai and other major cities were …
Beijing’s rising clout in the spotlight
TOKYO: The weekend gathering of finance chiefs from the Group of Seven (G7) advanced economies leaves signs that the world’s second-largest economy will loom large at this week’s summit in Hiroshima.
China Liberal Education Holdings Limited Reports Financial Results for Fiscal Year 2022
Ms. Ngai Ngai Lam, Chairwoman and CEO of China Liberal, commented, “Fiscal year 2022 is a year of expansion and exploration for China Liberal, as we completed two major acquisitions and enhanced our …
China is not a global economic threat as perceived by US and allies: G7 finance chiefs
But the finance chiefs’ closing communique did not mention a US-proposed idea for narrow restrictions on investment in China, a potential rift among the grouping on how far they should go in …
Baidu, Alibaba, & Tencent Earnings This Week, SOE ETFs Prepare To Launch In China
Asian equities had a strong start to the week though Southeast Asia was mostly lower. Mainland China and Hong Kong opened down but made strong positive moves in the afternoon.
Absa Group plans to open office in Beijing to serve Chinese firms with operations in Africa
The Pan African lender, which expects to launch the advisory office by the year-end, is awaiting approval from South African authorities.
China’s securities regulator, central bank cut staff pay budgets
China’s securities regulator and central bank cut the budget allocation for employee salaries in 2023, following reforms ordered as part of a broader drive to reduce income disparity. The 2023 budget …
Tensions over China at G7 finance meeting amid deepening banking crisis
Behind a show of unity on the Ukraine war, there were signs of developing tensions as financial problems, centred in the US, continue to grow and the world economy slows significantly amid differences …
