Mirroring other carmakers including Tesla, BYD, and Xpeng Motor, Nio will raise the prices of some of its electric vehicle models due to skyrocketing raw material costs. The Chinese firm also said it …
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Beijing residents celebrate Mid-Autumn Festival with garden activities Photo: Chen Tao/GT
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China’s Nio Hikes EV Prices, Halts Production Due to Surging Raw Material Costs, Covid-19
Oil slumps as China’s worsening Covid-19 outbreak raises demand concerns
Oil resumed its decline on Monday (April 11) as China’s Covid-19 resurgence worsened, raising concerns West Texas Intermediate futures fell below US$97 a barrel after climbing 2.3 per cent on Friday, …
China banks allow mortgage payment holiday in Covid-19-hit Shanghai
It is part of the nation’s broader efforts to support the financial hub in its Covid-19 fight. . Read more at straitstimes.com.
China’s Covid Outbreak Worsens as New Shanghai Cases Top 26,000
China’s largest documented outbreak continues to spread despite an extended lockdown of Shanghai’s 25 million people, weighing on a fragile economy and straining global supply chains.
China Inflation Beats Expectations on Oil, Covid Disruptions
China’s factory gate prices rose more than expected in March as oil prices climbed, putting pressure on manufacturers that are already struggling to operate amid repeated Covid outbreaks. Most Read …
Amid economic crisis, Turkey-China ties become one-way street
The ties between Turkey and China have almost become a one-way street as the financial situation of Ankara and Beijing is weakening and both the countries are l …
Shanghai logs 24,943 new covid-19 cases, China says confident about ‘zero covid’ strategy
The surge of covid-19 has taken a toll on China and due to the spiraling number of cases the stringent lockdown restrictions have shown no signs of easing.
China’s PPI and CPI rise faster than expected in March
China’s factory inflation slowed but beat expectations in March, official data showed on Monday, as the country grapples with cost pressures caused by Russia’s invasion of Ukraine and persistent …
China’s producer and consumer inflation rose faster than expected in March
While the year-on-year PPI rise was the slowest since April 2021, the monthly increase of 1.1% was the fastest pace in five months.
Citigroup to keep hiring in private banking push amid growth, rivalry in China’s Greater Bay Area
Citigroup is hiring more private bankers to compete with HSBC and rivals in Hong Kong, as wealthy clients seek alternatives to volatile stocks to boost returns …
China Factory Prices Rise Faster Than Expected as Oil Surges
China’s factory gate prices rose more than expected in March as oil prices climbed, putting pressure on manufacturers that are already struggling to operate amid repeated Covid outbreaks. Most Read …
Oil Slips as China’s Worsening Outbreak Raises Demand Concerns
Oil edged lower at the start of the week as investors assessed the outlook for Chinese demand following a worsening coronavirus resurgence that’s led to a series of lockdowns. Most Read from …
Babel Finance has completed a two year $50 million BTC/ETH cross-currency swap
SINGAPORE – Media OutReach – 11 April 2022 – Babel Finance announced that it had completed a two-year Market-to-Market Cross Cryptocurrency Swap worth $50 million in Bitcoin and Ethereum.Why is this …
