BERLIN, Dec 5 (Reuters) – Nearly half of German companies operating in China are taking measures to reduce the risk of doing business there largely due to growing geopolitical tensions, according to a new survey…
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China’s Services Sector Maintains Growth, Private Survey Shows
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world A private gauge of China’s services activity continued…
Putin Ally Turns to China To Balance Reliance on Russia
President Alexander Lukashenko of Belarus, the long-time ally of Vladimir Putin, has turned to Chinese leader Xi Jinping for the second time this year in a bid to diversify his country’s lopsided …
Raimondo: More export curbs from U.S. may be needed to keep up with China
The U.S. may add more restrictions on tech exports to China as needed, Commerce Secretary Gina Raimondo told CNBC in an interview. “I know that’s hard for industry,” she said. “The truth of it is…
China’s Rising Debt Spurs Moody’s to Cut Credit Outlook
China’s Ministry of Finance immediately expressed disappointment, saying that the Chinese economy is resilient and that local government budgets could withstand their loss of revenue from the country’s real estate downturn. Moody’s reaffirmed its …
Irish services sector growth quickens for first time since April -PMI
Growth in Ireland’s services sector accelerated last month for the first time since April as new business increased and exports rebounded, a survey showed on Tuesday.
Auroras observed in Hokkaido & near Beijing for 1st time in 20 years, more might be seen in 2024
In Hokkaido, the celestial phenomena were reportedly visible to the naked eye on Dec. 1, according to The Japan Times. The lights were observed from an observatory in the town of Rikubetsu. According …
China’s Xi Doubles Down on Favorite Weapon Against US Allies
The U.S. is treaty-bound to defend both Japan and the Philippines against attacks in the East and South China seas, respectively, but China’s deliberate use of so-called “gray zone” tactics—coercive …
Moody’s cuts China credit outlook to negative, cites lower growth, property risks
Ratings agency Moody’s on Tuesday cut its outlook on China’s government credit ratings to negative from stable, citing lower medium-term economic growth and risks from a major correction in the country’s vast property sector.
Popular Taiwanese rock band Mayday investigated for lip-synching in China
Popular Taiwanese rock band Mayday is being investigated by Chinese authorities over allegations of lip-synching during recent concerts, an accusation the band’s label has denied in a controversy that has dominated Chinese social media since…
Major Chinese panel manufacturers may reduce production by 20%
BOE, TCL CSOT, Huike Electronics, and Xianyang Rainbow Electronic Accessories – have recently notified suppliers …
China’s credit outlook cut to negative on debt worries; UK grocery inflation slows – business live
Rolling coverage of the latest economic and financial news, as Moody’s cuts its outlook on China’s sovereign bonds to negative …
Moody’s downgrades outlook on China credit rating over debt fears
Ratings agency Moody’s on Tuesday downgraded the outlook on China’s credit rating to “negative” from “stable” on the back of rising debt in the world’s second-largest economy, with Beijing saying it …