China said on Friday lawmakers had agreed to raise the local government debt ceiling by $840 billion, opening up new funds for its ailing economy as they eye the possibility of intensified trade tensions with US president-elect Donald Trump.Policymakers were keeping tabs on the US vote as they gathered in the Chinese capital this week …
China to raise local govt debt ceiling to boost struggling economy Read More »
Asia’s markets rally stuttered Friday after early gains as traders struggled to keep up with another Wall Street record following the Federal Reserve’s interest rate cut, while they were also weighing the outlook with another Trump administration.Traders were also awaiting the end of a week-long meeting of key Chinese officials who have been hammering out …
Asian markets struggle to maintain momentum after Fed cut Read More »
China is expected to unveil a huge support package for the struggling economy Friday as officials wrap up a key meeting eyeing on the possibility of intensified trade tensions with US president-elect Donald Trump.Economists predict Beijing will approve hundreds of billions of dollars of help, with a focus on indebted local governments as well as …
China poised to approve more help for ailing economy Read More »
Asian equities extended gains Friday, tracking another Wall Street record after the Federal Reserve cut interest rates and on the prospect of market-friendly policies from a Trump administration.Traders are also keenly awaiting the end of a week-long meeting of key Chinese officials who have been hammering out a major stimulus package for the world’s number …
Venerated as incarnations of Hindu deities, India’s sacred cows are also being touted as agents of energy transition by a government determined to promote biogas production to cut its dependence on coal.It is an understatement to say that Nakul Kumar Sardana is proud of his new plant at Barsana, in India’s northern Uttar Pradesh state.Firstly, …
Sacred cow: coal-hungry India eyes bioenergy to cut carbon Read More »
The US Federal Reserve shrugged off concerns about the economic impact of Donald Trump’s election victory and moved ahead with a quarter point cut Thursday. The Fed sits just a short walk from the White House, where Democratic President Joe Biden will in January hand back the keys to Trump following the Republican’s election win.But …
US Fed makes quarter point cut as Powell insists he would not quit Read More »
Global stocks mostly rose Thursday, with US indices hitting fresh records as a Federal Reserve interest rate cut extended a post-election rally.While the Dow finished flat, both the S&P 500 and Nasdaq jumped to new all-time highs as the Fed shrugged off concerns about the impact of Donald Trump’s election victory and moved ahead with …
Global stocks mostly rise as Fed, Bank of England cut rates Read More »
Pharmaceutical giant AstraZeneca said that the head of its China operations had been detained, after reports the firm was under investigation for potentially illegal data collection and drug imports.Leon Wang, president of AstraZeneca China, “has been detained”, a representative of the firm’s global media team said in an email received by AFP on Thursday.”If requested, …
Pharma giant AstraZeneca says China chief detained Read More »
Asian equities mostly rose Thursday, while the dollar held gains and bitcoin hit a fresh record as markets try to ascertain the consequences of a second Donald Trump presidency after he pledged to cut taxes and ramp up tariffs with an eye on China.The Trump Trade went into overdrive Wednesday as it emerged the tycoon …
Most stocks rise, bitcoin hits record as traders weigh Trump 2.0 Read More »
Asian equities fluctuated Thursday, while the dollar held gains and bitcoin hit a fresh record as markets try to ascertain the consequences of a second Donald Trump presidency after he pledged to cut taxes and ramp up tariffs with an eye on China.The so-called Trump Trade went into overdrive Wednesday as it emerged that the …
Equities swing, bitcoin hits record as traders weigh Trump 2.0 Read More »
