Chinese financial markets

China steps up ‘whitelist’ mechanism for property sector – media

Five state-owned Chinese banks have been matched with more than 8,200 residential projects for development loans under the "whitelist" mechanism aimed at...

Apple to launch new AI-based code completion tool

This tool aims to emulate the functionality of Microsoft's Copilot 

Britain’s economy falls into recession

Fourth-quarter contraction deeper than all estimates, Sterling weakens against USD and the euro

Cisco to cut more than 4,000 jobs, lowers annual revenue forecast

Cisco Systems (CSCO.O) said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue...

Exclusive: German investment in China rises to record high

German direct investment in China rose by 4.3% to a record high of 11.9 billion euros ($12.7 billion) last year and also...

Exclusive: India IT ministry fears losing out to China, Vietnam in smartphone exports race

India risks losing out to China and Vietnam as it seeks to become a major smartphone export hub and must "act fast"...

Saudi Arabia adjusts oil capacity expansion in response to energy transition

Saudi Energy Minister announces the kingdom's goal for net zero emissions by 2060 

Saudi Arabia cites energy transition for oil capacity U-turn

Saudi Arabia's U-turn on its oil capacity expansion plans was because of the energy transition, its energy minister said on Monday, adding...

Mideast growth to slow in 2024 on oil cuts, Gaza conflict: says IMF

Several global shippers have been diverting traffic to the Cape of Good Hope, a longer route than through Egypt's Suez Canal

Wall St Week Ahead: Market breadth suggests narrowing rally as S&P 500 hits records

As the S&P 500 has soared to fresh highs, fewer stocks have been participating in the rally, stirring worries that recent gains...

Oil heads for weekly gain as Middle East conflict rages unabated

Oil prices were on track for over 5% gains week-on-week on Friday, amid persistent tensions in the Middle East after Israel rejected...

As China woes mount, investment banks brace for more Asia job cuts

Job cuts at western investment banks in Asia are expected to increase this year as revenue pressures rise due to deepening economic...

China replaces head of securities regulator amid market turmoil

China has replaced the head of its securities regulator, the official Xinhua news agency said on Wednesday, as policy makers struggle to...

Qatar to supply India with 7.5m metric tons of LNG annually in major 20-year deal

Qatar, as the world’s second-largest LNG exporter, is strategically expanding its reach in key markets across Asia and Europe

Toyota’s robust global sales propel net profit to historic high of 4.5tr yen

Toyota has set a new record for its annual net profit forecast, driven by strong sales globally in the first three quarters,...