Huge cranes loom over Peru’s massive new Chinese-funded Chancay port, a symbol of Beijing’s growing influence in South America which is set to be inaugurated by President Xi Jinping on Thursday.”It’s nearly ready,” Gonzalo Rios, deputy general manager of the Peruvian subsidiary of Chinese port operator Cosco Shipping, which has a 60 percent stake in …
Peru’s Chancay: China’s megaport of entry to South America Read More »
US and European stocks mostly climbed, while the dollar rose and bitcoin extended a record run on Monday, as traders took their lead from events in the United States and China.Chinese stock markets closed mixed and oil prices slid after China’s latest plans to stimulate its economy fell short of expectations.Wall Street’s three main indices …
Stocks and dollar climb, bitcoin hits record high Read More »
Major stock markets diverged, the dollar gained and bitcoin extended a record run higher Monday, as traders took their lead from events in the United States and China.Chinese stock markets closed mixed and oil prices slid after China’s latest plans to stimulate its economy fell short of expectations.Europe saw solid gains around midday, tracking events …
China’s largest online shopping bonanza wraps up on Monday, with analysts and investors watching for signs that consumption is rebounding in the world’s second-largest economy after recent efforts by Beijing to boost activity.”Singles Day” — launched by tech giant Alibaba in 2009 — has ballooned into an annual blockbuster period for retail, with days of …
China’s ‘Singles Day’ shopping spree in spotlight as spending flags Read More »
China said Monday it will impose “temporary anti-dumping measures” on brandy imported from the European Union, deepening a trade standoff between Beijing and Brussels after similar measures last month.China announced provisional tariffs on EU brandy imports last month, saying the alleged “dumping” threatened “substantial damage” to the domestic industry.And Beijing’s commerce ministry said in a …
China says to impose anti-dumping measures on EU brandy Read More »
Most Asian markets fell Monday after China’s keenly awaited plans to support the world’s number two economy fell short of expectations, while traders were also keeping tabs on Washington as Donald Trump puts his cabinet together after last week’s election win.Stocks rallied last week on hopes that a second Trump administration — supported by a …
Asian stocks struggle as China support plan falls flat, bitcoin hits record Read More »
China’s largest online shopping bonanza wraps up on Monday, with analysts and investors watching for signs that consumption is rebounding in the world’s second-largest economy after recent efforts by Beijing to boost activity.”Singles Day” — launched by tech giant Alibaba in 2009 — has ballooned into an annual blockbuster period for retail, with days of …
China’s ‘Singles Day’ shopping spree in spotlight as spending flags Read More »
Asian markets fell Monday after China’s keenly anticipated plans to support the world’s number two economy fell short of expectations, while traders were also keeping tabs on Washington as Donald Trump puts his cabinet together after last week’s election win.Stocks rallied last week on hopes that a second Trump administration — supported by a Republican …
Asian stocks drop as China support plan falls flat, bitcoin hits record Read More »
Some Asian countries stand to gain if US president-elect Donald Trump pushes ahead with his promised massive tariffs on China and triggers a new wave of factory relocations to the rest of the region.But a trade war between the world’s biggest economies would also destabilise markets everywhere, with Asia — which contributes the largest share …
Asia, the world’s economic engine, prepares for Trump shock Read More »
China has unveiled an ambitious plan to relieve public debt, aiming to turn local governments away from belt-tightening practices that have exacerbated a domestic downturn.Policymakers gathered in Beijing this past week approved a proposal to swap six trillion yuan ($840 billion) of hidden debt belonging to local governments for official loans with more favourable terms.Hidden debts …
How China plans to cut hidden debt in massive shakeup Read More »
