China’s Tencent Holdings reported on Wednesday its first ever quarterly sales fall, hurt by a lack of game approvals and regulations that limit playing time, as well as COVID-19 lockdowns and a weak …
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Tencent Posts First-Ever Sales Fall After China Economy Worsens
Tencent Holdings Ltd. logged its first-ever decline in quarterly revenue, becoming the latest victim of a worsening Chinese economy.Most Read from BloombergSaudi Billionaire Made $500 Million Russia B …
China’s central bank cuts interest rates after growth slows in July
Yahoo Finance Live anchors discuss the People’s Bank of China cutting interest rates amid an economic slowdown.
China’s central bank cuts policy interest rates to bolster real economy
China’s central bank has leveraged its policy toolkit, cutting the interest rates of its medium-term lending facility (MLF) loans and reverse repos by 10 basis points for the second time this year, to …
Ship docked at port, China keeps mum on extending financial aid to debt-ridden Sri Lanka
Chinese Foreign Ministry spokesman Wang Wenbin parried questions by the media over extending financial support to Sri Lanka after the country’s high-tech vessel docked at Hambantota Port.
Wall Street rises as economic and financial problems mount
While the Fed may pull back on the interest rate hikes at its meeting in September, several officials have made it clear that the central bank is far from done in its drive to ensure…
China’s Dianxiaomi raises $110 million in funding round led by SoftBank, Sequoia
The investor, China Renaissance, also said the funding round included Tiger Global Management and GGV Capital, and the company will use the procees to expand its overseas team. The software as a …
China’s ‘too little, too late’ rate cut spurs call for more stimulus
SHANGHAI: China’s surprise interest-rate cut has done little to allay concern over the property and zero-Covid slowdown, with economists and state media calling for additional stimulus.
China’s financial decoupling from Wall Street accelerates
Five Chinese state-owned companies have withdrawn from the New York Stock Exchange, a sign of growing tensions between Beijing and Washington.
Spy ship: Lanka’s financial requirements & China’s promise of package shaped Colombo’s decision
China is Sri Lanka’s biggest bilateral creditor, owning over 10 percent of the island’s foreign debt. Beijing’s support is essential for Colombo to restructure its external borrowing to qualify for an …
Air Force tests ICBM after delay over tensions with China
The Air Force on Tuesday said it had successfully tested an intercontinental ballistic missile (ICBM) nearly two weeks after postponing the launch amid increased tensions with China over Taiwan. The …
Beijing is tanking the domestic economy — and helping the world
Until recently, Chinese consumers borrowed from banks to buy new homes — which had yet to be built — as investment properties. Now, developers are failing to finish their projects for lack of cash, …
Beijing issues action plan to boost enterprise innovation
BEIJING: Chinese authorities on Monday released an action plan to stimulate the technology-innovation capacity of enterprises.Jointly issued by the East Asian …