BEIJING (Reuters) – China’s lottery ticket sales in August soared to their highest for any month so far this year, amid public concern about the economy following months of mostly gloomy data including youth unemployment. Nationwide lottery ticket sales jumped 53.6% in August from a year earlier to 52.96 billion yuan ($7.25 billion), the official …
China’s lottery ticket sales soar amid weak economy, job prospects Read More »
BEIJING (Reuters) – China’s services activity expanded at the slowest pace this year in September, a private-sector survey showed on Sunday, as demand remained weak despite a string of support measures. The Caixin/S&P Global services purchasing managers’ index (PMI) dropped to 50.2 in September from 51.8 in August, the lowest reading since December. The 50-point …
China’s services activity expands at slowest pace this year – Caixin PMI Read More »
BEIJING (Reuters) – China’s factory activity expanded at a slower pace in September, a private-sector survey showed on Sunday, with sluggish external demand weighing on the outlook even as output increased. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) fell to 50.6 in September from 51.0 in the previous month, missing analysts’ forecasts of 51.2. …
China’s factory activity recovery slows in September – Caixin PMI Read More »
By Scott Murdoch and Ziyi Tang HONG KONG/BEIJING (Reuters) -China Evergrande Group’s founder is being investigated over suspected “illegal crimes”, the embattled developer said on Thursday, as creditors become increasingly concerned about the group’s prospects amid an uncertain debt revamp plan and liquidation risk. The world’s most indebted property developer with more than $300 billion …
Evergrande says chairman under investigation over suspected ‘illegal crimes’ Read More »
SINGAPORE (Reuters) – China will resume visa-free policies and consider adding more countries to its visa-exemption list to help boost the country’s post-pandemic tourism business, according to a policy document released on Friday. More international flights will be resumed or added, China’s State Council said. In a statement posted on the central government’s website, it …
China says it will resume visa-free policies to spur inbound travel Read More »
(Reuters) -Hong Kong’s Cathay Pacific Airways said on Friday it had purchased 32 Airbus A321-200neo aircraft from Airbus for a basic price of $4.66 billion. The deal follows an agreement between an Airbus unit and the aircraft acquisition facilitators of Hong Kong’s flagship carrier in September 2017. Cathay expects the aircraft to be delivered by …
Cathay Pacific buys 32 Airbus A321-200neo aircraft for $4.66 billion Read More »
(Reuters) – Apple staff met with Chinese officials in recent months to discuss concerns over new rules that will restrict the U.S. tech giant from offering many foreign apps currently available on its iPhone app store in the country, the Wall Street Journal reported on Friday. Chinese officials told Apple that it must strictly implement …
Apple, China met to discuss Beijing’s crackdown on western apps- WSJ Read More »
TOKYO (Reuters) – Japanese trading house Mitsubishi is considering the conversion of the Namikata terminal near Hiroshima into a fuel ammonia import hub, a company executive told a business conference in Tokyo on Friday. Japan views ammonia, which could be also produced as a derivative of hydrogen, as a key element in its net zero …
Japan’s Mitsubishi considers opening fuel ammonia import hub Read More »
NEW DELHI (Reuters) – Hyderabad-based engineering firm Megha Engineering and Infrastructures Ltd (MEIL) said on Friday it has secured a $648 million contract in Mongolia. “The company received a Letter of Agreement (LOA) for constructing a crude oil refinery plant valued at $648 million from Mongol Refinery State Owned LLC,” a company statement said. Upon …
India’s Megha Engineering gets $648 million contract in Mongolia Read More »
By Khanh Vu and Phuong Nguyen HANOI (Reuters) -Vietnam’s gross domestic product growth accelerated in the third quarter from the previous three months, data showed on Friday, but fell short of this year’s growth target as dull demand for exports overshadowed support from monetary easing. GDP in the July-September quarter is expected to have grown …
Vietnam sees Q3 GDP growth capped by weak external demand Read More »
