Evergrande: Hong Kong court orders China property developer to liquidate January 29, 2024 A Hong Kong court on Monday ordered property developer China Evergrande Group to liquidate after it was unable to reach a restructuring deal with creditors. Judge Linda Chan said it was appropriate for the court to order Evergrande to wind up its business given a “lack of progress on the part of the company putting [...]
UK tech sector is ‘not just OnlyFans’, business minister claims January 25, 2024 A business minister has told MPs the UK’s science and technology sector is “not just Only Fans”.
What you need to know about China’s new bank rules — and why experts are calling for more stimulus January 24, 2024 Markets have been digesting the latest attempt by Chinese policymakers to inject some life into China's flatlining economy.
HSBC chair meets Chinese vice president in effort to deepen ties: state media January 22, 2024 Chinese Vice President Han Zheng met with HSBC chair Mark Tucker in Beijing on Monday and urged the Asia-focused lender to deepen cooperation with the country, according to state media Xinhua.
China keeps loan rates steady despite sluggish economy; economists expect reserve ratio cut January 22, 2024 The People's Bank of China (PBoC) kept its loan prime rates unchanged on Monday, despite concerns about a potential downturn in the property sector, a slowing economy, and subdued investor sentiment.
China’s 2023 odyssey: economy grows by 5.2 per cent, population declines by two million January 17, 2024 China's economy grew by 5.2% in 2023, but a 2 million population decline highlighted challenges from a slowing property market and demographic pressures.
Rio Tinto: We are in state of ‘chronic unease’ over safety at our mines January 16, 2024 Mining giant Rio Tinto has pinned stimulus packages for the Chinese economy as drivers for a "gradual recovery" through 2024 despite key areas remaining weak.
China’s central bank unexpectedly keeps lending rates steady; stocks recover from early slump January 15, 2024 The People's Bank of China has defied market expectations of providing a much-needed economic boost through additional easing measures by opting to maintain a crucial interest rate unchanged.
China arrests head of consulting agency as ‘British spy’ January 8, 2024 Chinese security services have arrested the head of an overseas consulting firm who authorities claim was acting as a British spy
Diageo: Guinness maker shares hit lowest level in four years amid China trade row January 5, 2024 Shares at Diageo are now trading at their lowest level since November 2020, in the face of weakening sales and trouble with Chinese trade.