Russian internet giant Yandex reported a 40% rise in first-quarter revenue to 228.3 billion roubles ($2.47 billion), driven by growth in e-commerce and ride-hailing, with the market awaiting news on a …
Tagged By banking
Chinese Financial Services Shares Gain on Consolidation Hopes
Shares of several Chinese financial services companies traded higher Friday on expectations that the sector may see consolidation after state-run Guolian Securities announced its intention to buy …
China’s beefed up statistics and accounting laws under review, robust fines to increase cost of fraud
China is reviewing amendments to laws governing statistics and accounting, with Beijing eager to clamp down on inflated or manipulated economic statistics and uphold rules in the world’s …
Russian President Vladimir Putin to visit China in May as Moscow seeks to bolster ties with Beijing
This would be the Russian president’s first trip abroad since re-election, as Moscow seeks to strengthen ties with Beijing.
German carmakers are ‘ready for competition’ at Beijing motor show
Competition on the Chinese car market is tougher than ever, but German carmakers Volkswagen, Mercedes and BMW all said they aim to win a stronger presence there at the start of the Beijing Motor Show…
AstraZeneca CEO on US-China tensions: ‘We have established a very resilient supply chain’
AstraZeneca CEO Pascal Soriot told Yahoo Finance the company was most excited by 19% growth achieved in the first quarter, which was the result of strong product sales in every region around the world …
German ministers call on China, Gulf states to contribute climate finance
China and other big-polluting developing countries should pay more to help poor states cope with climate change, Germany’s foreign and development ministers said on Thursday, as countries prepare for …
China preps for clampdown on financial crimes with new version of anti-money-laundering law
China is readying a revision of its law on money laundering, signalling a hardening of penalties for financial crimes and a desire to keep practices in line with international standards.
China’s US$1.35 trillion sovereign wealth fund CIC invests in Middle East via US$1 billion fund with Investcorp
The Golden Horizon Fund, which will target companies across the Gulf Cooperation Council countries and China, marks the first time that CIC has invested in the Middle East.
Blinken arrives in Beijing to hold talks with senior Chinese officials
US Secretary of State Antony Blinken arrived in Beijing on Thursday for talks with senior Chinese officials, according to a correspondent from Agence France-Presse. Beijing has not announced any …
Electric cars and digital connectivity dominate at Beijing auto show
Global automakers and EV startups unveiled new models and concept cars at China’s largest auto show on Thursday, with a focus on the nation’s transformation into a major market and production base for …
China’s central bank drops hints at future bond trades, answering calls for muscular monetary action
The People’s Bank of China has indicated its approval for trading treasury bonds on the secondary market, signalling more robust action to boost liquidity and fuel growth is no longer out of the …
China’s Capital Flight Could Fuel Bitcoin’s Next Rally
Chinese FX outflows, often underreported officially, are fueling a surge in Bitcoin prices, echoing patterns observed in previous years.
