The credit rating agency Moody’s said that the insolvency of the European property and retail giant Signa is a drag on the credit quality and profitability at some Austrian, German and Swiss banks. Controlled by…
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Signa insolvency is credit negative for some banks, Moody’s says
Moody’s changes Hong Kong’s outlook to negative from stable
Moody’s on Wednesday downgraded its outlook on Hong Kong to negative from stable, a day after cutting China’s credit outlook citing costs to bail out local governments and state firms or to control its property…
Nvidia is developing new chips for China to comply with US export curbs
Nvidia is working closely with the U.S. government to ensure new chips for the Chinese market are compliant with export curbs, CEO Jensen Huang said on Wednesday.
Bull run on D-St may unleash an IPO flood with 15 issues lined up for next 2 months
Sources also told Moneycontrol that the coming two weeks are likely to see a flood of public issues with a target to raise Rs 10,000-12,000 crore.
China’s high-yield property bonds hand investors a 22% loss in 2023 as developer defaults continue
China’s US dollar-denominated high-yield bonds, dominated by property debt, have landed investors a 22 per cent loss so far this year, after a 33 per cent slump in each of the past two years, according…
Moody’s cuts Hong Kong, Macau and bank rating outlooks following China move
Moody’s put Hong Kong, Macau and swathes of China’s state-owned firms and banks on downgrade warnings. Read more at straitstimes.com.
China’s push to internationalize the yuan and reduce dependence on the US dollar is working, economist says
The yuan has seen a boost in the share of global payments using the currency this year, which could be a sign of momentum in the dedollarization trend.
European leaders are in Beijing with a list of concerns. Will China’s Xi listen?
Its official comments ahead of the summit have also suggested Beijing hopes the meeting can help the two sides to revamp their ties with a “blueprint” for the future – a sentiment that fits with…
In Beijing, the EU-China summit promises to be difficult
The meeting between the two powers in the Chinese capital on December 7 and 8 is unlikely to ease their mutual grievances, writes Frédéric Lemaître, Beijing correspondent for ‘Le Monde.’ Chinese …
Italy tells Beijing it is leaving China’s global Belt and Road Initiative
Government officials say Italy has officially pulled out of China’s global Belt and Road Initiative, after becoming the first — and so far only — major Western nation to join the …
The zero-Covid protesters who fled China in fear
A year on, protesters who hastened the end of a crushing policy tell the BBC they worry for their safety.
China’s property crisis won’t be solved by just treating symptoms
As 2024 approaches, few questions loom larger than whether China can overcome the property crisis that risks limiting its long-run economic potential.
What’s Inside China’s New Homegrown “Tianhe Xingyi” Supercomputer?
Note: We will be updating this story with more information once our contacts in China are awake: China is using a domestic processor as the backbone for double the performance of the Tianhe-2 system, …
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