TAIPEI (Reuters) – Taiwan’s central bank is expected to leave its policy rate unchanged this week, according to most economists polled by Reuters, as inflationary pressures ease and the island’s export-driven economy faces weak external demand. The central bank is likely to keep the benchmark discount rate at 1.875% at its quarterly meeting on Thursday, …
HONG KONG (Reuters) – Three showrooms and service centres in Hong Kong of Chinese automaker BYD Co Ltd were daubed with red paint in the early hours of Monday, police told Reuters. The locations were in the districts of Tsim Sha Tsui, a tourist area in Kowloon district, the area of Wan Chai on Hong …
Hong Kong showrooms of Chinese automaker BYD daubed with red paint -police Read More »
DUBAI (Reuters) – Saudi Arabia’s Ministry of Investment has signed a $5.6 billion deal with Chinese electric car maker Human Horizons to collaborate on the development, manufacture and sale of vehicles, the Saudi state news agency said in a statement. The agreement accounts for more than half of the more than $10 billion in investments …
Saudi Arabia signs $5.6 billion deal with Chinese EV company – state media Read More »
By Paritosh Bansal (Reuters) – ‘De-risk, not decouple’ are the new buzzwords for Western policy toward China, drawing skepticism from Beijing about whether there is any difference between the two. For businesses caught in the middle, the semantics are beside the point. As tensions between Western allies and Beijing ratchet up over a litany of …
In the Market: For firms, China policy semantics are not the point Read More »
BEIJING (Reuters) – China’s property sector is expected to grapple with “persistent weakness” for years, Goldman Sachs analysts said, adding that its problems would continue to drag on the country’s economic growth. Weaknesses are particularly pronounced in lower-tier cities and private developer financing, they said in a client note, adding that policymakers, who have vowed …
China’s property sector set to be persistently weak for years -Goldman Read More »
By Aziz El Yaakoubi and Maha El Dahan RIYADH (Reuters) -Saudi Arabia wants to collaborate, not compete, with China, the kingdom’s energy minister declared on Sunday, saying he “ignored” Western suspicions over their growing ties. As the world’s top oil exporter, Saudi Arabia’s bilateral relationship with the world’s biggest energy consumer is anchored by hydrocarbon …
Saudi Arabia seeks cooperation with China, ‘ignores’ Western worries Read More »
By Gibran Naiyyar Peshimam and Ariba Shahid ISLAMABAD (Reuters) -Pakistan is working on the possibility of restructuring its bilateral debt regardless of whether it successfully completes its IMF review, the country’s finance minister said on Saturday, but reiterated it would not approach Paris club nation creditors or seek haircuts. “We’ll see how things go,” Ishaq Dar told …
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka lifted import restrictions on 286 items, the Finance Ministry said on Saturday, a fresh sign the South Asian nation is starting to emerge from its worst economic crisis in decades. The island off India’s southern coast plunged into crisis last year as its foreign exchange reserves ran …
Sri Lanka lifts import limits on 286 items as crisis eases Read More »
TEGUCIGALPA (Reuters) – Honduras President Xiomara Castro formally requested the country’s admission to the BRICS-led New Development Bank (NDB) in a meeting with the bank’s president, Dilma Rousseff, Castro’s office said in a tweet late Friday. Castro is currently on a six-day official visit to China. Headquartered in Shanghai, the New Development Bank was set …
Honduras requests entry to BRICS-led development bank on China trip Read More »
By Aditya Kalra and Shubhendu Deshmukh NEW DELHI (Reuters) -India’s financial crime agency on Friday said notices had been issued to Xiaomi, Deutsche Bank, HSBC and Citigroup over alleged illegal remittances made by the Chinese smartphone giant to foreign entities. An appellate authority at the Enforcement Directorate (ED) issued the so-called show cause notices under …
India agency sends notices to Deutsche, HSBC, Citi in Xiaomi royalty case Read More »
