Vivo’s Indian subsidiary is accused of remitting almost 50% of its turnover, amounting to Rs 62,476 crore, to China, in a bid to avoid paying taxes in …
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What a tycoon’s trial says about the rot in China’s financial system
So far they have heard nothing, not even as his trial kicked off in a Shanghai courtroom on July 4th. All details of the charges he faces have been kept secret. The only official recognition…
What Cramer is watching Thursday — another rally, retail catch-up cuts, possible China stimulus
What I am looking at July 7, 2022 The Micron Rally, will it continue? Samsung reports better than expected earnings per share, 21% jump in revenue. Taiwan Semiconductor (TSM) jumps, too. Is it time to…
India blocks 119 accounts linked to China’s Vivo in money laundering probe
India’s financial crime agency said on Thursday it has blocked 119 bank accounts linked to Vivo’s India business which were holding 4.65 billion rupees ($58.76 million), as part of a probe into …
China’s June forex reserves fall more than expected to $3.071 trln
China’s foreign exchange reserves fell more than expected in June, official data showed on Thursday, as the dollar climbed against other major currencies.The country’s foreign exchange reserves – the …
Soho China CFO Probed For Insider Trading; Shares Fall 2.8% In Hong Kong
None of the directors or other senior officers of the Company is aware of the circumstances of the alleged insider trading and is not directly involved in the investigation,” Soho China said in a …
China, emerging markets suffering worst capital exodus in 7 years with US$4 billion net outflow in June
China and over 20 other emerging markets are undergoing their worst wave of capital exodus in around seven years, with a net total of US$4 billion withdrawn from equities and bonds combined in June, …
3 calls for China as its economic recovery slowly begins
With the Chinese economy starting to recover with the easing of strict Covid-19 measures, the government is looking to boost infrastructure investment …
Beijing decries India’s ‘frequent’ probes after raid of phonemaker Vivo
Beijing has criticised New Delhi for launching “frequent investigations” into Chinese companies operating in India, after financial authorities raided Chinese mobile phonemaker Vivo over …
China Considers $220 Billion Stimulus With Unprecedented Bond Sales
China’s Ministry of Finance is considering allowing local governments to sell 1.5 trillion yuan ($220 billion) of special bonds in the second half, an unprecedented acceleration of infrastructure …
What a secretive trial of a tycoon says about the rot in China’s financial system
For leaders in Beijing, the secrecy is necessary because the case presents an uncomfortable picture of the Chinese political and financial system. Not long ago Mr Xiao counted some of China’s most …
China warning: Spy chiefs raise alarm over ‘game-changing’ threats: ‘Stealing your tech’
SPY CHIEFS in the UK and US have sent a horror warning over China “stealing” British technology to “undercut business” and “dominate markets” by spying on the West.
China, U.S. trade teams agree to maintain close communication: China commerce ministry
The trade and economic teams of China and the United States agreed to maintain close communication following virtual talks between Chinese Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen, …
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