Asian currencies overcame early market pressure to edge higher against a tepid U.S. dollar on Monday, while the Singaporean dollar rose to a 2-1/2-week high after data showed the city-state witnessed …
Tagged By business
China bill yields slump as lenders ‘window dress’ loan books
SHANGHAI (Reuters) -Slowing economic growth in China and anaemic demand for loans have sparked heavy buying of low-risk short-term financial instruments by lenders, pushing yields near zero, as banks …
Explained: Quad’s plan to check China’s illegal fishing and the role India will play
Prime Minister Narendra Modi arrived in Tokyo early Monday to attend the second in-person Quadrilateral Security Alliance (Quad) leaders’ summit. High on the agenda of Quad nations – Australia, India, …
UN human rights chief to begin contentious China visit
The UN human rights chief was Monday due to begin a six-day trip to China that takes in the remote Xinjiang region, stirring fears over access and the propaganda value the visit offers to the…
China iron ore futures jump nearly 7% after India hikes export duties
Benchmark iron ore futures in China rose about 7% in early trade on Monday, tracking their biggest daily jump in two-and-a-half months, after India increased export duties on some commodities to rein …
China Aluminium Imports Fell 73.1% YoY in April, While Exports Surged 640%
According to customs statistics, China’s import volume of primary aluminium was 34,877 mt in April 2022, a year-on-year decrease of 77.6% and a month-on-month decrease of 11.3%. The cumulative import …
Asian stock market slid weighed down by inflation concerns, China tech selling;
A negative tone was evident as Hong Kong’s Hang Seng Index slid 0.38% and the mainland’s CSI300 Index dropped 0.37%, led by a 1.5% decline in technology firms.
China’s elderly want to enjoy their golden years, not raise next generation unless get paid for it
For many younger couples in China, it is a cultural expectation that grandparents help raise their children But that social obligation may be changing, as a generation of retirees looks to enjoy their …
China-Europe freight train taps business opportunities in Frankfurt
A third freight train recently arrived in Frankfurt from China and a local general manager believed that it would bring more business opportunities to the city. Given that transportations by sea and …
Apple tells suppliers about diversifying production away from China
Apple tells its suppliers that it has plans to move production out of China although it seems to be all talk for now.
Why Chinese demand for African imports might defy Covid lockdowns, supply chain snarls
Food security push seen to feed Chinese demand for African farm products, with the EV and construction sectors driving raw materials buys.
China bans government elites from holding overseas real estate assets
The Communist Party in China is banning its key members and their … overseas financial institutions unless they had immediate business in the area, such as schooling or work, according to …
China’s appetite for Russian energy is being hit by diminishing consumption, soaring prices
Buyers in China appear more cautious on energy trade and investment with Russia – some are halting or reducing purchases, while others opt to use a third party Shrinking Chinese demand, stemming from …
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