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Chinese Premier Urges Tech Giants To Support Economy As Crackdown Ends
China on Wednesday sent another strong signal that a years-long crackdown on its tech industry is over as Premier Li Qiang met firms such as Alibaba's cloud unit and Meituan, and urged them to do more to support the economy.
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On Financial Support For Pakistan, China Says It Has Done Its "Utmost"
China, which has offered a $9 billion bailout package to Pakistan, on Monday pledged more support for the cash-strapped nation.
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China Policymakers Signal Renewed Urgency For Economic Support
Chinese policymakers signalled a renewed sense of urgency on Monday for steps to shore up the flagging economy.
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Chinese Central Bank To Pump $173 Billion To Economy Amid Coronavirus Outbreak
China's central bank said Sunday it would pump 1.2 trillion yuan ($173 billion) into the economy as it ramps up support for a nationwide fight against a deadly virus that is expected to hit growth.
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Sensex Jumps Over 450 Points Amid Buying In Financial, Auto, Energy Stocks: 10 Things To Know
Domestic stock markets rose sharply on Wednesday tracking a rally in global peers as investors' concerns somewhat eased on the US-China trade front after Washington delayed tariffs on some Chinese imports. The S&P BSE Sensex index gained as much as 451.15 points to hit 37,409.31 at the day's strongest level, and the broader NSE Nifty benchmark adde...
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Rich Indians To The Rescue As Chinese Tourists Shun Thailand
Thailand's struggling tourism industry is finding support with visitors from the population colossus to its west, just as the years of bumper arrivals from the giant to its north are beginning to wane.
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Sensex Surges Over 400 Points, Reclaims 37,000; Bharti Airtel Gains Over 5%
Domestic equity benchmarks held on to gains led by buying in bluechip stocks like Reliance Industries, ICICI Bank, NTPC, State Bank of India, Bharti Airtel and Power Grid. The S&P BSE Sensex rose as much as 334 points or 0.91 per cent to hit intraday high of 37,005.41 and the NSE Nifty 50 Index climbed 1.10 per cent or 122 points to 11,157.65. Mean...
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China Railway Corp To Issue $45 Billion Worth Of Construction Bonds
China's state planner has approved plans by national operator China Railway Corporation (CRC) to issue 300 billion yuan ($44.91 billion) of bonds, as the country looks to ramp up infrastructure investment to support a slowing economy.
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Oil Jumps As Yuan Hits 2016 High; Investors Put Fresh Cash Into Oil
Oil prices jumped on Friday supported by fresh investment and a weaker dollar, which makes fuel cheaper for importers using other currencies, but analysts warned that a stronger price rally was premature as a global glut remained in place.
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Sensex Rises for Third Day; Reliance Industries Jumps
The Sensex rose for a third consecutive session on Monday as Reliance Industries Ltd surged after posting a stronger-than-expected quarterly profit, while sentiment was supported after Chinese economic growth data eased fears of a hard landing.
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China to Cut Trade fees, Support Financial Leasing Firms
Faster growth could lower firms' borrowing costs, spur capital investment and prod companies to move up the manufacturing value chain, the State Council said after a weekly meeting.
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Japan Prime Minister Shinzo Abe Defends Security Legislation After Support Slides
Japanese Prime Minister Shinzo Abe defended controversial security bills that have sparked protests from voters worried they violate the country's pacifist constitution, after polls showed a drop in popular support for his government.
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Asian Shares Plunge on China Rout, Yen Rallies
The drop in China extended a savage correction that has clipped 30 per cent off Chinese shares since mid-June, threatening a new blow to the country's already slowing economy despite a slew of market support steps from Beijing.
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China Regulators Juggle IPOs With Growth, Market Plunge
A 20 per cent fall in Chinese stocks over the past two weeks, mainly blamed on a flood of initial public offerings (IPOs), highlights the risks that regulators face as they try to use the stock market to support the slowing economy.
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China Cuts Interest Rates Again to Support Economy
The People's Bank of China (PBOC) also reduced one-year benchmark deposit rates by 25 basis points to 2 per cent, it said in a statement on its website, adding that the reductions would take effect on Sunday.
-
Chinese Premier Urges Tech Giants To Support Economy As Crackdown Ends
China on Wednesday sent another strong signal that a years-long crackdown on its tech industry is over as Premier Li Qiang met firms such as Alibaba's cloud unit and Meituan, and urged them to do more to support the economy.
-
On Financial Support For Pakistan, China Says It Has Done Its "Utmost"
China, which has offered a $9 billion bailout package to Pakistan, on Monday pledged more support for the cash-strapped nation.
-
China Policymakers Signal Renewed Urgency For Economic Support
Chinese policymakers signalled a renewed sense of urgency on Monday for steps to shore up the flagging economy.
-
Chinese Central Bank To Pump $173 Billion To Economy Amid Coronavirus Outbreak
China's central bank said Sunday it would pump 1.2 trillion yuan ($173 billion) into the economy as it ramps up support for a nationwide fight against a deadly virus that is expected to hit growth.
-
Sensex Jumps Over 450 Points Amid Buying In Financial, Auto, Energy Stocks: 10 Things To Know
Domestic stock markets rose sharply on Wednesday tracking a rally in global peers as investors' concerns somewhat eased on the US-China trade front after Washington delayed tariffs on some Chinese imports. The S&P BSE Sensex index gained as much as 451.15 points to hit 37,409.31 at the day's strongest level, and the broader NSE Nifty benchmark adde...
-
Rich Indians To The Rescue As Chinese Tourists Shun Thailand
Thailand's struggling tourism industry is finding support with visitors from the population colossus to its west, just as the years of bumper arrivals from the giant to its north are beginning to wane.
-
Sensex Surges Over 400 Points, Reclaims 37,000; Bharti Airtel Gains Over 5%
Domestic equity benchmarks held on to gains led by buying in bluechip stocks like Reliance Industries, ICICI Bank, NTPC, State Bank of India, Bharti Airtel and Power Grid. The S&P BSE Sensex rose as much as 334 points or 0.91 per cent to hit intraday high of 37,005.41 and the NSE Nifty 50 Index climbed 1.10 per cent or 122 points to 11,157.65. Mean...
-
China Railway Corp To Issue $45 Billion Worth Of Construction Bonds
China's state planner has approved plans by national operator China Railway Corporation (CRC) to issue 300 billion yuan ($44.91 billion) of bonds, as the country looks to ramp up infrastructure investment to support a slowing economy.
-
Oil Jumps As Yuan Hits 2016 High; Investors Put Fresh Cash Into Oil
Oil prices jumped on Friday supported by fresh investment and a weaker dollar, which makes fuel cheaper for importers using other currencies, but analysts warned that a stronger price rally was premature as a global glut remained in place.
-
Sensex Rises for Third Day; Reliance Industries Jumps
The Sensex rose for a third consecutive session on Monday as Reliance Industries Ltd surged after posting a stronger-than-expected quarterly profit, while sentiment was supported after Chinese economic growth data eased fears of a hard landing.
-
China to Cut Trade fees, Support Financial Leasing Firms
Faster growth could lower firms' borrowing costs, spur capital investment and prod companies to move up the manufacturing value chain, the State Council said after a weekly meeting.
-
Japan Prime Minister Shinzo Abe Defends Security Legislation After Support Slides
Japanese Prime Minister Shinzo Abe defended controversial security bills that have sparked protests from voters worried they violate the country's pacifist constitution, after polls showed a drop in popular support for his government.
-
Asian Shares Plunge on China Rout, Yen Rallies
The drop in China extended a savage correction that has clipped 30 per cent off Chinese shares since mid-June, threatening a new blow to the country's already slowing economy despite a slew of market support steps from Beijing.
-
China Regulators Juggle IPOs With Growth, Market Plunge
A 20 per cent fall in Chinese stocks over the past two weeks, mainly blamed on a flood of initial public offerings (IPOs), highlights the risks that regulators face as they try to use the stock market to support the slowing economy.
-
China Cuts Interest Rates Again to Support Economy
The People's Bank of China (PBOC) also reduced one-year benchmark deposit rates by 25 basis points to 2 per cent, it said in a statement on its website, adding that the reductions would take effect on Sunday.
