(RTTNews) – The China stock market has moved higher in three straight sessions … The SCI finished sharply higher on Monday following gains from the financial shares and mixed performances from the …
Tagged By financials
China’s banks cut salaries, rescind bonuses amid economic slowdown and Beijing’s financial reshuffle
China’s 12 national joint-stock banks reported deep salary cuts last year, while 10 lenders also demanded employees return performance-based bonuses, amid Beijing’s ongoing efforts to reshape the …
India Gains On China
Even as China’s economy underperforms, India’s has surpassed expectations, a fact that will change Beijing’s calculations across a broad front.
Over 2,000 Investors Win China’s Pioneering Lawsuit to Rectify Financial Reporting Fraud
(Yicai) April 1 — Feilo Acoustics, a maker of lighting products, will need to pay over 2,000 investors CNY329 million (USD45.5 million) in compensation after losing China’s first ordinary …
Debt, trade barriers and uncertainty will drag on Asian economies in 2024, World Bank report says
A World Bank report says Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5% this year from 5.1% in 2023.
China stocks see biggest jump in 1-month on strong PMI data
SHANGHAI: China stocks jumped on Monday, logging their biggest daily gain in a month, after the latest manufacturing activity data signalled that the economy’s recovery is gaining traction, while the …
China’s Caixin Manufacturing Sector Surges To A 13-Month Peak, Signaling Economic Revival
In a significant turn of events, China’s manufacturing sector has shown robust growth, marking a promising sign for the global economy. What Happened: Caixin Global reported on Monday that the Caixin …
East Asia’s growth is faster than the rest of the world but China headwinds weigh, World Bank says
Growth in developing East Asia and Pacific is outpacing the rest of the world, but the region will likely see slower growth in 2024, the World Bank says.
World Bank Warns of Slowing Growth in East Asia Amid China Slump
Gross domestic product growth is seen at 4.5% for 2024 and 4.3% for 2025, down from the 5% estimated for 2023, the World Bank said in its semi-annual outlook. While most economies in East Asia…
Japan Faces Risks From US, China Economies, Banking Head Says
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 …
Treasury Wines to lift Penfolds prices as China loosens tariffs
The country’s largest wine producers say there has been an immediate increase in demand from importers after Beijing loosened trade restrictions late last week.
Markets Mixed After US Inflation Data, China Figures Give Boost
Federal Reserve boss Jerome Powell said the report “is pretty much in line with our expectations” and decision-makers were on track to hit their long-term inflation target of two percent.
China shares jump, Japan tumbles with yen pinned near intervention zone
Chinese shares led a rally around most of Asia on Monday amid a broadly optimistic global economic backdrop, but Japanese shares tumbled with the yen pinned near levels that have traders on guard for …
