Worries that China’s worsening real estate sector problem is choking what little economic momentum there is have increased in response to missed payments on investment products by a major Chinese trust firm and a decline in home prices. Angry investors… Read More ›
Japanese automakers are benefiting from a tried-and-true strategy as the cheaper yen supports earnings in the face of weakening sales in China and the increasingly difficult transition to electric vehicles. The currency was a contributing factor in the recent earnings… Read More ›
On Tuesday, China’s central bank unexpectedly reduced key policy rates for the second time in three months, providing more evidence that policymakers are stepping up their monetary easing initiatives to support the economy’s faltering recovery. Analysts claimed that the action… Read More ›
For the first time in four months, analysts are upgrading their earnings projections for Asian corporations as decreasing pricing pressures increase consumer spending and decreasing recession fears in Western economies are anticipated to increase export revenues. Based on Refintiv data,… Read More ›
With great claims about how it can transfer money across millions of cryptocurrency investors, PayPal became the first significant U.S. fintech business to launch its own crypto token with a dollar-pegged stablecoin known as PayPal USD on Monday. The company… Read More ›
Anish Shah, the CEO and managing director of India’s largest automaker, the Mahindra Group, stated in an interview that the company is not concerned about foreign competitors like Tesla entering India’s very competitive electric vehicle industry. “We’ve seen tremendous competition… Read More ›
Ratings agency Moody’s warned that it was assessing the position of some of the biggest lenders in the country as it cut the credit ratings of seven U.S. banks on Monday. Ten American banks had their ratings lowered by one… Read More ›
In July, China’s imports and exports declined far more quickly than anticipated, endangering growth prospects in the second-largest economy in the world and increasing pressure on the government to introduce new stimulus measures to boost demand. Customs statistics revealed on… Read More ›
Global corporations have invested hundreds of billions of dollars to buy and establish factories in China since Deng Xiaoping opened the country to foreign investment in 1978 in order to get access to the market and access to cheap labour,… Read More ›
Consumers and businesses in China are locking up trillions of yuan in longer-term bank deposits, thereby removing a sizable chunk of money from circulation and putting the economy at risk of the same kind of liquidity trap that crippled Japan’s… Read More ›
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