China Finance

Korean media stocks rise as China resumes online streaming

(Bloomberg) – Shares of South Korean companies that produce or distribute dramas and movies rallied as China resumed streaming a Korean movie after a six-year ban, raising hopes that more content will be allowed. Bloomberg’s Most Read Film distributor and producer Showbox Corp. climbed as much as 26% on Wednesday, …

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Six takeaways from the China Finance Forum

From pandemic recovery to political decoupling, the conference covered a wide range of topics, six of which stood out. 1. The development of EU-China relations is essential This sentiment ran through the entire speech, but was presented most concisely by the founder and director of the Peterson Institute for International …

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Stocks faltered as key inflation measures cool

Fresh geopolitical tensions halted a major stock market rally on Wall Street on Tuesday as investors weighed reports that Russian missiles had entered Poland. The S&P 500 (^GSPC) trimmed early morning gains, slightly higher by 0.2% during midday trading, while the Dow Jones Industrial Average (^ DJI) down 0.2%. The …

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Global debt levels increased “substantially” in 2021

By Andrea Shalal WASHINGTON (Reuters) – Debt levels in low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending from official bilateral creditors, World Bank President David Malpass said, stressing the need to reduce the debt of the poorest countries. . The World Bank’s annual …

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Tokyo Electron cuts outlook on U.S. chip restrictions and memory meltdown

(Bloomberg) – Leading chip equipment supplier Tokyo Electron Ltd. cut its full-year outlook after memory makers cut spending and the United States tightened restrictions on edge chip exports to China. Bloomberg’s Most Read The Tokyo-based company now reports annual operating profit of 546 billion yen ($3.7 billion), down 24% from …

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UPDATE 2-China pledges to continue its “dynamic cleaning” COVID strategy

(Add details) BEIJING, Nov 5 (Reuters) – China will continue its “dynamic elimination” approach to COVID-19 cases as soon as they emerge, health officials said on Saturday, adding that measures need to be implemented more precisely and meet the needs of vulnerable people. people. The country’s strict COVID containment approach …

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Exodus of auditors from struggling Chinese property companies raises governance concerns

By Claire Jim HONG KONG (Reuters) – Auditors of at least 14 Hong Kong-listed Chinese property companies withdrew this year, securities filings showed, raising governance concerns about indebted developers, several of whom have not not yet released long-standing financial results. Embattled developers including Sunac China, Shimao Group and Kaisa Group …

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UPDATE 1-Chinese cities brace for surge of Foxconn workers from COVID-hit Zhengzhou

(Adds comments from Foxconn) By Ryan Woo and Ziyi Tang BEIJING, Oct 30 (Reuters) – Cities in central China have hastily drawn up plans to isolate migrant workers fleeing to their hometowns from a sprawling assembly facility at iPhone maker Foxconn in hit Zhengzhou. by COVID, fearing they could trigger …

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Apple says it faces ‘significant’ headwinds from strong US dollar

Apple said it faced a tough December quarter as it faced “significant” headwinds in the currency market and supply issues for its latest iPhone models. “Overall, we believe the company’s year-over-year total revenue performance will slow in the December quarter compared to the September quarter,” Chief Financial Officer Luca Maestri …

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HSBC takes surprise succession move as forecast reaches equities

Banks ousts CFO Ewen Stevenson in surprise move Move is about succession planning, says CEO The new CFO had just returned from a sabbatical Q3 profit fell 42%, hit by asset sales and rising loan losses Stocks slide on murky outlook, surprise CFO change LONDON/SINGAPORE, October 25 (Reuters) – HSBC …

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A dozen top Chinese finance executives appointed to new central committee

What’s new: Of the 205 new members of the Communist Party Central Committee elected by the 20th National Party CongressAbout a dozen have backgrounds in China’s financial or tax system, or in macroeconomics and trade, according to information compiled by Caixin based on a list of members published by the …

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China’s quality development is deeply smooth, stable

BEIJING, October 20, 2022 /PRNewswire/ — China the economy is stable and growing. During the 20th National Congress of the Communist Party of China (CPC), an official of the National Development and Reform Commission told a press conference that judging from the current situation, China the economy rebounded significantly in …

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Review of the book “The Cashless Revolution” by Martin Chorzempa

Comment this story Comment When Martin Chorzempa, then a few years out of college, moved to Beijing in 2013 as a young researcher, he witnessed an antiquated and very low-tech financial system. Interest rates on savings were capped below the rate of inflation. Credit cards issued by a state monopoly …

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World finance leaders point to China as an obstacle to faster debt relief

WASHINGTON, Oct 14 (Reuters) – Western countries this week stepped up their criticism of China, the world’s biggest bilateral creditor, as the main obstacle to the implementation of agreements to restructure the economy. debt for the growing number of countries unable to service their debt. US Treasury Secretary Janet Yellen …

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Casino tycoon Steve Wynn doesn’t need to register as a foreign agent, judge rules

correction An earlier version of this article incorrectly identified Guo Wengu as the senior Chinese government official at whose request Wynn allegedly acted. Guo was the Chinese national whose deportation from the United States was allegedly sought by Wynn and senior Chinese official Sun Lijun. The story has been corrected. …

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Nissan urges partner Renault to sell its stake -WSJ

(Reuters) – Nissan Motor Co Ltd is pressuring its partner Renault SA to reduce its stake in the Japanese automaker and revamp its more than 20-year-old alliance, The Wall Street Journal said on Friday, citing people at the stream of talks. The French car firm Renault owns about 43% of …

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Chinese media fumes over Elon Musk’s latest attempt to fix the world

Elon Musk continued to agitate global media personalities in his latest attempt to offer solutions to geopolitical issues, including the war in Ukraine. Hu Xijin, commentator for a Chinese state-backed publication The Global Times, took aim at the business tycoon for trying to influence political decisions, ominously warning that the …

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China Construction Bank to set up consumer credit unit

What’s new: China Construction Bank Corp. obtained the authorization to create a consumer credit unit, thus becoming the third public lender to have a specific unit dedicated to the granting of personal consumer loans. China Construction Bank plans to invest 6 billion yuan ($835.9 million) to establish CCB Consumer Finance …

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China’s electric vehicle subsidy program extended to end of 2023

China’s Ministry of Finance, State Tax Administration and Ministry of Industry and Information Technology (MIIT) have announced that they will extend their New Energy Vehicle (NEV) subsidy program until the end of 2023. The program was scheduled to end at the end of 2022. The MIIT said the extension was …

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Swamiji, when will you become finance minister? The BJP MP gave a funny response

BJP leader and Rajya Sabha MP Subramanian Swamy is known for his wit. Today he gave such a funny answer to a user’s question, which is a big hit on social media. BJP leader Subramanian Swamy. Image credit source: Twitter BJP leader and Rajya Sabha MP Subramanyam Swami Are very …

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Deutsche Börse adds ESG data from the Chinese market

“The new service will allow international investors to better assess the ESG activities of Chinese companies and make more informed investment decisions. At the same time, it strengthens Deutsche Börse’s position as a key player in ESG reporting. Deutsche Börse has expanded its data offering with Chinese market ESG data …

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Trade finance software market is booming globally: Finastra, Aite Matrix, Newgen Software

Latest research study published by HTF MI “Global Trade Finance Software Market” with 100+ pages analysis on the business strategy adopted by key and emerging players in the industry and provides know-how on the current development of the market, landscape, technologies, drivers, opportunities, market view and status. Understanding the segments …

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Bitcoin can benefit the United States by creating an “economic boom”

Macroeconomist Luke Gromen has suggested that the United States could benefit from adopting Bitcoin (BTC) instead of viewing the asset as a threat. Gromen noted that adopting Bitcoin as a sovereign asset can give the United States an extra edge and create an economic boom while providing an advantage over …

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A quiet director and an unsung hero – J-Wire

September 16, 2022 by Alan Slade Read on for the article Jack Howard Ritch was born during World War II in Glasgow on December 11, 1941, the first child of Doris and Eddie Ritch. Jack Ritch His brother Paul followed in 1947. Jack remembered Glasgow as a lovely but very …

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Bank of East Asia executive detained in Beijing

A senior Bank of East Asia executive has reportedly been arrested in Beijing over an investigation related to alleged bank loans and bribes. Chen Zhirendeputy chairman of the BEA (China), was detained in Beijing, according to a report by the Chinese press cabinet “Cailian» (Mandarin only). Chen was arrested in …

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Innovation and globalization spearhead Asian growth despite challenges

BEIJING, September 12, 2022 /CNW/ – Innovation and globalization will continue to drive Asian growth in years to come despite challenges such as the COVID-19 pandemic and the current recession, panelists said Thursday at the 24th Financial Forum Academic Seminar. international (IFF). Asiawhich has grown tremendously over the past 50 …

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Union finance minister stresses importance of young workforce

India is poised to reap the benefits of a young working population, Union Finance Minister Nirmala Sitharaman said here today. By giving all young people equal opportunities, regardless of gender and social class, all 65% of the young working population would be able to contribute to India’s growth. India’s working-age …

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China’s hydropower shortage pushes up coal prices

Times are tough in the Chinese province of Sichuan. China’s landlocked southwest province is in the midst of an extreme heat wave and resulting drought conditions, ranging from severe to extreme. Extreme drought conditions are characterized by severe crop losses and widespread water shortages. In addition to these desperate conditions, …

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Morning Auction: Sell the Tear

People walk past an electronic screen showing Japan’s Nikkei stock price index at a conference room in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato/File Photo Join now for FREE unlimited access to Reuters.com Register Sep 5 (Reuters) – A preview of the day ahead in Asian markets from Jamie McGeever …

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Collapse of G20 talks in Bali raises fears of ‘backsliding’ on climate commitments

Climate and energy ministers clashed over Ukraine, climate finance, methane, shipping, carbon levies and whether 1.5°C or 2° This should be the global warming limit Energy and climate ministers from some of the world’s largest economies failed to agree on common texts at G20 meetings in Bali, Indonesia. Two months …

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FirstFT: JPMorgan plans to add India to bond index

This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe/Africa Where Americas edition to send it straight to your inbox every morning of the week Hello. JPMorgan is probing big investors to add India to its widely followed emerging markets bond index, setting the stage …

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Twitter whistleblower says company’s practices pose national security risk

In a whistleblower complaint, Twitter’s former security chief raised serious questions about not just the company , but the possibility for foreign governments and entities to influence the company. According to Peiter “Mudge” Zatko, Twitter’s relationships with other countries could endanger the national security of the United States. As reported …

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The lyrics of “Without the Communist Party, there would be no new China” reveal how China has made enormous progress: Argentinian Ambassador to China

BEIJING, August 20, 2022 /PRNewswire/ — “‘Without the Communist Party, there would be no new China.’ These lyrics succinctly capture the basic reason why China has achieved unprecedented progress in the history of mankind,” the Argentine ambassador told China, Sabino Vaca Narvaja told the Global Times in an exclusive interview. …

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China’s Huarong issues profit warning over property sector woes

China Huarong Asset Management, the country’s largest distressed-debt investor, has issued a profit warning on soaring credit writedowns and property market jitters less than a year after a $6.6 billion restructuring dollars led by the state. Credit impairments “have increased significantly” in the first six months of this year, the …

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China’s economy slows unexpectedly as Covid and housing issues mount

Text size Weak industrial production prompted China’s central bank to unexpectedly cut key interest rates. Photograph by AFP/Getty Images China’s economic recovery slowed even more than expected in July as Covid restrictions and a crumbling property market compound further woes. Almost all key economic indicators were below economists’ forecasts, published …

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Explainer: A Chinese spy ship is due to dock in Sri Lanka’s port on August 16 – here’s why India is watching closely

A Chinese ballistic missile and satellite tracking vessel will dock at the port of Hambantota on the southern coast of Sri Lanka for a week starting August 16, PTI reported on Saturday (August 13), citing sources. Sri Lanka, which had previously asked China to postpone the arrival of the high-tech …

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Live Updates: US Wholesale Inflation Eases Slightly in July on Lower Gasoline Costs

New jobless claimants in the United States rose last week to the highest number of claims since November, hinting at a cooling in the labor market. There were 262,000 initial jobless claims on a seasonally adjusted basis in the week to Aug. 6, according to U.S. Labor Department data released …

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Bridgewater fends off Chinese ‘All Weather’ copycats

SHANGHAI/NEW YORK, Aug 8 (Reuters) – Billionaire hedge fund manager Ray Dalio’s huge popularity in China has not only attracted local investors to his funds, but also spawned local challengers using his strategy and brand.” All Weather” to try and beat him at his own game. Now the Connecticut-based hedge …

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China defends its role in African finance after US comments on ‘debt trap’

As the United States steps up diplomatic efforts in Africa ahead of a leaders’ summit in December, China pushes back on allegations of Chinese ‘debt traps’ for African nations made by Linda Thomas-Greenfield, the US ambassador to the United Nations , during its African Food Security Tour. Thomas-Greenfield, who ended …

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US climate bill welcomed internationally but still criticized for not going far enough

US officials hope this will put them in a better position for the tough negotiations ahead: the international climate talks in Egypt this fall. Kerry and Biden now have billions in legislative clean energy investments to brag about when they head to COP27 in November, which U.S. lawmakers and experts …

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Political support essential for China’s economic and financial recovery

According to the latest statistics from the People’s Bank of China (PBoC), monetary and financial data showed a return to growth in June. At the end of June, the broad money (M2) balance was RMB 258.15 trillion, an increase of 11.4% year-on-year, and the growth rate was 0.3 and 2.8 …

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Chinese investors: the SECP launches the “WeChat service” – Business & Finance

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) becomes the very first regulator and public sector organization to activate the WeChat service. The WeChat service will help Chinese investors make informed investment decisions and easily incorporate businesses in Pakistan. Through WeChat, users can instantly get information from SECP staff …

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Hong Kong falls into second recession in 3 years as coronavirus restrictions sting

Hong Kong’s economy has slipped into its second recession in three years as tough Covid-19 restrictions have damaged the Chinese territory’s reputation as an international financial hub. Official data released on Monday showed the city’s gross domestic product contracted 1.4% in the second quarter of 2022, after falling 3.9% in …

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Emerging markets hit by record slew of foreign investor withdrawals

Foreign investors have withdrawn funds from emerging markets for five consecutive months in the longest streak of withdrawals on record, underscoring how recession fears and rising interest rates are rocking developing economies. Cross-border outflows by international investors in emerging market stocks and domestic bonds reached $10.5 billion this month, according …

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Evergrande, in debt, seeks to sell its headquarters in Hong Kong – Business & Finance

HONG KONG: Struggling Chinese property developer Evergrande has found a potential buyer for its Hong Kong headquarters, reported Thursday days before the expected announcement of the company’s long-awaited restructuring plans. CK Asset Holdings, founded by Hong Kong billionaire Li Ka-shing, said it has submitted a tender for the 26-storey building, …

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Luxury group LVMH exceeds expectations despite slowing sales in China

A logo of LVMH is seen in its exhibition space, during the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier Join now for FREE unlimited access to Reuters.com Register PARIS, July 26 (Reuters) – Luxury …

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Live updates: China’s Covid-19 cases ease as Hong Kong issues pre-flight health declaration

Let the games begin. No, not the acrimonious tussle between the last two candidates in the Conservative Party leadership election – although you can watch that on the BBC on Monday. This week marks the start of the Commonwealth Games in the UK’s second largest city, Birmingham. The opening day …

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UPDATE 2-Chinese Xinjiang warns of further flooding, cotton crop risk amid heat waves

(Adds details of temperatures reaching 45.8C in Turpan, new record in Taizhou) SHANGHAI, July 23 (Reuters) – China’s Xinjiang province on Saturday warned of more flash floods and landslides and risks to agriculture as heatwaves swept through the region, accelerating the pace of melting ice cream and posing risks to …

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Britain must strengthen its defenses against militarized finance

The author is head of the Center for Financial Crime and Security Studies at the Royal United Services Institute think tank. When Russian troops massed on the Ukrainian border late last year, Western leaders warned that an invasion would have massive economic consequences for the Kremlin. When these attempts at …

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Multi-family office manager predicts China setback by foreign banks

An executive at independent wealth manager Rockefeller Capital Management reportedly said geopolitical challenges and the pandemic in China will impact the expansion trajectory of foreign financial firms. “There will be a lot more caution in terms of the level of capital investment and the aggressiveness of the growth strategy,” said …

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China says it is open to ‘negotiating’ railway projects with the Philippines

ISTANBUL China said on Monday it welcomes the Philippines to “negotiate cooperation on railway projects” as Manila seeks to discuss any potential financial deal with Beijing on infrastructure construction. “China will continue its infrastructure cooperation with the Philippines to build more benchmark projects there,” Foreign Ministry spokesperson Wang Wenbin said …

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73% of Global Alternative Finance Market Growth will come from APAC, Market Representation, Actual Estimates, Historical Data, Forecast Period 2021-2025 with Dominating Sectors and Country Data

NEW YORK, July 15, 2022 /PRNewswire/ — The Alternative financial market is part of the world the specialized consumer services industry. The global specialist consumer service market was valued at $4,388.46 billion in 2020. The global alternative finance market was a fragmented industry which was in an innovation stage in …

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Shortage of imports leads to record Chinese surplus

The continued impact of Covid infections and lockdowns helped China post a record trade surplus of nearly $100 billion in June, exports improved but imports barely budged. Exports jumped 17.9%, but imports could only manage a 1% rise for the month and that was once again the real story for …

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Live Updates: Rishi Sunak wins backing from Dominic Raab and Grant Shapps

Petropavlovsk, headquartered in Moscow, mines gold in the Russian Far East © AFP via Getty Images Trading in Petropavlovsk shares has been suspended after the indebted Russian gold producer said it would file for administration with the High Court in London. The London-listed miner was plunged into crisis earlier this …

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Chinese bank depositors face police in angry protest | Business and finance

BEIJING (AP) — A large crowd of angry Chinese bank depositors clashed with police on Sunday, some manhandled during their abduction, in a case that has drawn attention due to previous attempts use a COVID-19 tracking app to prevent them from mobilizing. Hundreds of people held banners and chanted slogans …

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Blinken meets China’s Wang after leading pressure efforts on Russia

By David Brunnström NUSA DUA, Indonesia, July 9 (Reuters) – U.S. Secretary of State Antony Blinken meets Chinese Foreign Minister Wang Yi in Bali on Saturday after a G20 ministerial meeting on the Indonesian island where the top U.S. diplomat led talks efforts to pressure Russia over its war in …

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How grassroots practice enriches Chinese governance

BEIJING, July 7, 2022 /PRNewswire/ — An ancient Chinese saying goes, “True knowledge comes only from practice in the field.” As a grassroots political leader, Chinese President Xi Jinping has practiced his people-centered governance with improved effectiveness over decades of working at the grassroots level. In the early 1990s, economic …

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Ascending FOREX-Aussie before RBA; yen under pressure from rising US yields

By Kevin Buckland TOKYO, July 5 (Reuters) – The Australian dollar rose on Tuesday ahead of an expected half-point hike in the Reserve Bank’s key rate, while the yen slid against the greenback amid higher yields on the US Treasury. The Australian and New Zealand dollars were also supported by …

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Mango Diplomacy: When Nehru offered Dasheri, Langra sprouts to Zhou Enlai

When he met the G-7 leaders at their recent summit in Germany, Prime Minister Narendra Modi presented them with pieces of arts and crafts from various parts of the country. The tradition of exchanging and returning gifts between world leaders has always been an important feature of global diplomacy. One …

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Chinese tech giants promise NFTs without speculation

The future of non-fungible tokens is becoming clearer in China as the country’s tech giants come together to formulate standards for the fledgling industry. China Cultural Industry Association, with Tencent, Ant Group, Baidu and others jointly Published a “self-disciplined development proposal” for the “digital collectibles industry”, a renowned term for …

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UPDATE 1-China’s central bank to accelerate policy implementation to boost growth

(Add details, quotes) BEIJING, June 29 (Reuters) – China’s central bank said on Wednesday it would step up the implementation of prudent monetary policy and maintain reasonably ample liquidity, in a bid to support a slowing economy. The People’s Bank of China (PBOC), in a statement after the conclusion of …

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Latest news on the Russian-Ukrainian war: live updates

The headquarters of the Russian Central Bank in Moscow. Bank manager Elvira Nabiullina said there would be no immediate consequences in the event of a default.Credit…Maxim Shemetov/Reuters Russia on Sunday missed a deadline to make bond payments, a move signaling its first default on international debt in more than a …

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China asks foreign business leaders how to revive Hong Kong in rare move

(Bloomberg) – China asked foreign chambers of commerce in Hong Kong how to revive the isolated financial hub’s economy in unprecedented listening sessions weeks before new leader John Lee took office, according to multiple people. close to the file. Bloomberg’s Most Read The Liaison Office, Beijing’s main body overseeing Hong …

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US tariffs on China give negotiating leverage, says trade chief

(Bloomberg) – U.S. tariffs on more than $300 billion in annual imports from China provide significant leverage and are helpful from a negotiating perspective, President Joe Biden’s trade chief says amid a debate within his administration over whether to keep the rights in place. Bloomberg’s Most Read “Chinese tariffs are, …

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‘Diablo Immortal’ delayed indefinitely in China just before its scheduled release date

was supposed to debut in China on June 23, but those waiting for the game in the country will have to wait longer. NetEase, which co-developed the game with Blizzard, has pushed back the release date indefinitely. This that “the development team is making a number of optimization adjustments”. However, …

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Businesses in China reel under zero-Covid pressure

Fiona Shi has lost her job twice during the pandemic – first, in 2020 when Covid ravaged the travel industry, then this year as China’s tough virus controls hammered businesses in the world’s second-largest economy. China is the latest major economy welded to a zero Covid strategy – putting businesses …

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What it would take for Jack Ma’s Ant to restart an IPO

Placeholder while loading article actions Two years ago, Chinese regulators torpedoed Ant Group Co.’s record initial public offering, sending shockwaves through global financial markets. New rules have been imposed on the fintech giant, which does business ranging from consumer lending to wealth management to online payments. The result is that …

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Oil prices are stabilizing on fears of the Fed and the oil profits tax

An aerial view shows an oil plant of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021, in this photo taken by Kyodo. Picture taken November 12, 2021. Mandatory Credit Kyodo/via REUTERS Join now for FREE unlimited access to Reuters.com Register June 14 (Reuters) – Oil prices …

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Live Updates: Sanofi-GSK Announces ‘Positive’ Covid Booster Results

Prepare to remember past scandals and war, which still resonate today. Tuesday is the fifth anniversary of the fire that engulfed Grenfell Tower in west London, revealing gaps in the building’s cladding and triggering a crisis for apartment owners across the UK that continues to generate repercussions. It is also …

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China is becoming more ‘coercive and aggressive’

By Idrees Ali SINGAPORE, June 11 (Reuters) – The United States will do its part to manage tensions with China and prevent conflict even as Beijing grows increasingly aggressive in the Asian region, including near Taiwan, the government said on Saturday. US Secretary of Defense Lloyd Austin. Relations between China …

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Credit Suisse CEO calls State Street takeover questions ‘really dumb’

ZURICH, June 9 (Reuters) – Credit Suisse (CSGN.S) chief executive Thomas Gottstein on Thursday called questions about a potential bid for U.S. financial giant State Street (STT.N) “really stupid” , closing the questions after a media inquiry. report on the matter sent shares briefly higher the previous day. Read more …

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June 7 live updates: Zelensky says standoff with Russia ‘not an option’, Yellen urges Congress to step up fight against inflation

The Reserve Bank of Australia raised interest rates by 50 basis points, aiming to rein in runaway inflation with an increase that beat forecasts. The decision to raise the policy rate to 85 basis points demonstrates a more aggressive stance on the part of the central bank on inflation after …

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Chinese group Ant launches digital bank ANEXT in Singapore

A man walks past an Ant Group logo during the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 8, 2021. REUTERS/Yilei Sun/File Photo Join now for FREE unlimited access to Reuters.com Register BEIJING, June 6 (Reuters) – China’s Ant Group, a financial technology (fintech) giant controlled by billionaire Jack …

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Hope blooms for Chinese stocks as analysts stop cutting estimates

(Bloomberg) — A stabilization in earnings forecasts adds to optimism that the worst may be over for struggling Chinese stocks. Bloomberg’s Most Read Analysts have stopped cutting estimates for members of MSCI China, after cutting them by 10% since early March, according to data compiled by Bloomberg. Goldman Sachs Group …

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Personal loans bring total lending by Saudi financial firms to $19 billion in first quarter

Riyadh: Amid a likely increase in retail spending, more Saudis took to personal loans in the first three months of 2022 as the Kingdom continues to recover from the aftermath of the pandemic. According to the latest figures from the Central Bank of Saudi Arabia, total lending by Saudi finance …

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Chinese companies in yuan – Business and finance

SHANGHAI (Reuters) – The Chinese yuan strengthened against a falling dollar on Friday, after swinging sharply between gains and losses, and was forecast for a weekly decline against the greenback, new data underscoring the challenges facing the country’s economy is facing. The global dollar index extended its slide from a …

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Embracing Win-Win Cooperation – ASEAN Consul Generals, Officials and Chambers of Commerce Representatives from Guangzhou Visited Biosyngen

GUANGZHOU, China, May 28, 2022 /PRNewswire/ — The morning of May 27, 2022Mr. Loh Tuck KeatConsul General of Singapore in Cantonand representatives of consulates general and chambers of commerce of eight countries, namely Malaysia, Philippines, Laos, Vietnam, Indonesia, Thailand and Cambodia, visited Guangzhou China-Singapore Knowledge City (CSGKC) and inspected Singapore …

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Shanghai, hit by COVID, heads for exit from lockdown, but China still lost in economic gloom

Shanghai set to lift COVID-19 lockdown on June 1 Government officials express concern about the broader economy Analysts expect more aggressive economic support soon BEIJING, May 26 (Reuters) – Shanghai, China’s pandemic-hit financial hub, unveiled further post-lockdown plans on Thursday as it heads for a return to normal, but economic …

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PSD2 and Financial Software Solutions Market Size and Forecast

New Jersey, United States – PSD2 and financial software solutions market The 2022-2029 report has been prepared based on an in-depth market analysis with input from industry experts. The PSD2 and Finance Software Solutions Market study sheds light on the significant growth momentum that is expected to prevail during the …

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Two Strong Hands – The Wire China

By Chang-Tai Hsieh — May 22, 2022 Over the past two years, China has cracked down on some of its most successful companies, including Alibaba, Tencent, Didi and Meituan-Dianping. Beginning in 2018, authorities also restructured many of China’s largest conglomerates such as Wanda and Evergrande Groups. The conclusion many have …

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The S&P 500 recovers from a bear market | Financial market news

A sell-off earlier sent the S&P 500 down more than 20% from a January closing high, meeting the common definition of a bear market. By Stephen Kirkland and Vildana HajricBloomberg Posted May 20, 2022May 20, 2022 A dramatic late-session rally brought the S&P 500 back to the brink of a …

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Yellen: It is not legal for the US to seize official Russian assets

BONN, Germany, May 18 (Reuters) – The United States does not have the legal authority to seize Russian central bank assets frozen due to its invasion of Ukraine, Treasury Secretary Janet Yellen said on Wednesday. , but are discussing with US partners ways to make Russia foot the bill for …

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Russian sanctions act as a “nuclear weapon” on global finance

Live Updates: Follow the latest news on Russia-Ukraine The West’s sanctions shootout against Russia after its invasion of Ukraine has been compared to the detonation of a “nuclear weapon” by a prominent economist. Speaking at an investment summit in London, Dr Mohamed El Erian, chief economic adviser at Allianz, said …

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World hedges from stockpile chaos in oil, utilities and China

(Bloomberg) – Optimism may be rare for equity investors caught in the downdraft of volatile global markets, but pockets of refuge are emerging. Bloomberg’s Most Read From banks benefiting from interest rate hikes to stocks offering high dividend yields and cheap valuations, portfolio managers and strategists are finding areas of …

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AU Small Finance Bank, Tata Elxsi and Adani Power soar on MSCI

Shares of AU Small Finance Bank (SFB), Tata Elxsi and Adani Power surged on Friday after index provider MSCI included them in its global index. From the Asia-Pacific region, MSCI added 48 stocks and removed 76, with the most changes in China. India saw four additions and one …

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What Marcos’ presidency means for U.S.-China relations

A landslide victory is on the cards for the Philippines’ Ferdinand “BongBong” Marcos Jr., seen here at his campaign headquarters in Mandaluyong City, Manila on Monday. Veejay Villafranca/Bloomberg via Getty Images It seems almost certain that Ferdinand Marcos Jr., the late dictator’s namesake son, will become the Philippines’ next president. …

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China Elderly Care Industry Report 2022-2027

ReportLinker In April 2022, the State Council issued a guideline on promoting the development of the private pension system, which is recognized as an important supplement to the country’s existing pension system. New York, May 10, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “China Aged Care Industry Report, 2022-2027” …

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Why Elon Musk’s takeover of Twitter could benefit China

Tesla is the first foreign automaker to open an independent factory in China, called Gigafactory 3, in 2019. (Source: Reuters) Elon Musk and China share a mutually beneficial but complicated business relationship. After the billionaire took over Twitter, concerns about how the Musk-China affair could benefit the country began to …

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