2024-11-18 | Current Affairs
Alibaba Group (9988.HK), the Chinese e-commerce giant, is planning to raise USD 5 billion through a multi-tranche bond deal in U.S. dollars and offshore Chinese yuan, according to two individuals familiar with the matter.
2024-10-08 | Current Affairs
Chinese stocks surged to two-year highs on Tuesday as trading resumed following a week-long holiday, driven by investor optimism over new stimulus measures aimed at supporting the economy.
2024-09-30 | Current Affairs
China’s services sector growth slowed in September, as new business expansion hit its weakest pace in nearly a year, despite a boost in export demand, according to a private-sector survey released on Monday.
2024-09-25 | Current Affairs
China’s central bank lowered the interest rate on its medium-term loans to banks on Wednesday, aligning with broader policy easing measures announced the day before to support the struggling economy.
2024-06-24 | Current Affairs
The yuan’s drop to a seven-month low, coupled with significant cash outflows from mainland China to Hong Kong, indicates that Chinese domestic investors are losing hope for a quick recovery in their home markets and are instead seeking better returns in nearby markets. This shift is accompanied by a notable reversal in equity investment flows into China.
2024-06-10 | Current Affairs
During the upcoming G7 summit in Italy, led by Prime Minister Giorgia Meloni from June 13-15, U.S. officials anticipate that the group of seven wealthy democracies will issue a stern warning to smaller Chinese banks involved in aiding Russia circumvent Western sanctions.
2024-05-10 | Current Affairs
Today’s News Oil prices surged today as Chinese economic data showed improvement, while tensions between Israel and Hamas escalated, driving concerns about supply disruptions. Oil prices climbed on Friday, continuing their upward trend on signs of a strengthening Chinese economy and escalating tensions between Israel and Hamas. Brent futures rose by 37 cents to USD […]
2024-05-06 | Current Affairs
Today’s News Starbucks, once an American coffee giant, is encountering a new reality as its traditional market stagnates. With U.S. sales on the decline, the company is pinning its hopes on China’s burgeoning coffee culture, a market it helped introduce a quarter-century ago. However, the path forward is strewn with challenges as China’s coffee scene […]
2024-04-19 | Current Affairs
Today’s News According to three sources familiar with the matter, UBS is taking steps to streamline its China private funds business, including shutting down some funds and reducing staff by one-third as part of a cost-cutting measure. Out of the 19 private funds launched by UBS since 2016, up to 17 equity and bond funds […]
2024-03-20 | Current Affairs
Today’s News China has decided to maintain its benchmark lending rates at their current levels, a move that was widely anticipated by the market. This decision comes following the recent stability in the central bank’s key policy rate, amidst some signs of improvement in the overall economy. The significance of this decision lies in China’s […]
