Rolling coverage of the latest economic and financial news, as UK fresh food prices climb by a record 14.3%. Poorer students over £1,000 worse off this year, warns IFS 07:42 Sally Weale …
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BYD set to be China’s top-selling car brand for Nov, Tesla gains -data
BYD was the top-selling car brand in China in the first four weeks of November, brokerage data showed, outperforming the Volkswagen brand in a reversal that highlights the pressure on legacy brands in …
Hong Kong sees IPO slowdown reversing; eyes international issuers
Hong Kong has more than a hundred applicants in the pipeline for initial public offerings (IPOs) and is eyeing more companies and investors from markets including the Middle East and Southeast Asia, …
China’s Tencent bets on cloud computing growth abroad as its core video games business takes a beating
The move marks a realization that Tencent needs to find new sources of growth abroad as China’s economy slows.
China factory, services activities slide to 7-month lows on COVID curbs
China’s manufacturing and services activities shrank further in November to seven-month lows, official data showed, stung by the country’s strict COVID-19 restrictions and rising infections that …
Thanks to Scalise-sponsored law, FCC bans Chinese-made equipment over security concerns
The Secure Equipment Act, signed into law on November 11, 2021, gave the FCC the authority to stop reviewing and issuing new telecommunications equipment licenses to Chinese state-backed firms such as …
Customs officials seize 422 fake Super Bowl rings from China
There’s a sucker born every minute. And there are plenty of people looking to take advantage of each and every one of them. Case in point, 422 fake Super Bowl rings from China were seized…
BMW says China lockdowns are ‘risky’ for car manufacturing
Continued lockdowns and unrest in China is making new car production uncertain, adding to the supply chain battle.
China’s Sunshine Insurance targets up to $950 mln in HK IPO
China’s Sunshine Insurance launched on Wednesday a Hong Kong initial public offering (IPO) to raise up to $950 million in a deal that would be the second-largest new share sale in the city in 2022.
Covid Protests Further Diminish Business Trust And Ties To China
Beijing’s response to Covid protests could squash a rare opportunity to rebuild trust and corporate investments in China …
China’s astronauts embark on a direct trip to their brand new space station
China sent three astronauts aboard a rocket to Tiangong space station on Tuesday. Shenzhou-15 will replace three astronauts already on board.
Biden accuses US of getting ‘lazy’ in sending manufacturing jobs to China
President Joe Biden on Tuesday blamed corporate greed and laziness for American jobs being shipped overseas to places like China over the last several decades.
China Unrest Will Increase Volatility In Oil, Other Commodity Markets
Price volatility is sure to follow. As the protests in China continue, commodity markets will be will be watching closely for any sign of escalation or de-escalation in order to ascertain the …
