A deepening of economic relations between China and Saudi Arabia will advance the use of the yuan for oil purchases, S&P Global Ratings said in a report on Tuesday – …
Symbolic of this seismic shift, the Japanese metals giant Nippon Steel – citing those dwindling sales figures – has announced the end of its 20-year joint venture with Baosteel, the …
Analysts attributed the hiatus to pricing disagreements between Beijing and Moscow as well as geopolitical factors, with concerns over secondary sanctions from Western countries levied against those seen as aiding …
Hong Kong stocks fell from a two-week high as weak Chinese economic data offset optimism on prospects of Fed easing. Tencent’s retreat ahead of earnings weighed on the benchmark index. …
It also cut crude oil imports from Saudi Arabia, its second-biggest supplier, by 6.5 per cent over the two months. For July’s overall crude imports, China reported a 3 per …
China should promote its indigenous cross-border interbank system to reduce risks to its financial security, a senior researcher for a state-owned bank has said, as the drawbacks of a US-centred …
Some localities in mainland China are taking active steps to woo overseas capital via Hong Kong as foreign direct investment (FDI) continues to decline, a move seen by analysts as …
This equates to an average of 71.43 packages per person, 5,144 packages delivered every second, or 440 million packages moving across China every day. Per the same data, peak daily …
Hong Kong stocks wavered near a two-week high amid the region’s ongoing recovery from last week’s rout. Tencent rallied on earnings-surprise bets. The Hang Seng Index lost 0.2 per cent …
The yuan is facing its highest level of capital outflow in eight years, according to new research, and data suggest a wave of offshore yuan remittances from Hong Kong to …