Quant funds recorded significant losses in the first six months of this year – a dismal performance that is leading to a reshuffle in the $200 billion industry
LG Energy Solution said they were discussing possible tie-ups with three Chinese suppliers, with battery plants in either Morocco, Finland or Indonesia
India will spend $24 billion on efforts to create more jobs over the next five years and boost rural spending, Finance Minister Nirmala Sitharaman said on Tuesday
China has computers that are faster than US machines rated as the best in the world, but refuse to talk about them as they fear more sanctions, a US expert has said
US Treasury Secretary said in May that India and China were hindering a global deal on an alternative transfer-pricing mechanism in the Pillar 1 agreement; G20 finance minister talks are now continuing in Rio
The amount raised so far this year from China is up 1,588% on the same period in 2023, the LSEG data showed; Japan's deal value has increased by 486%.
The tightening of regulations on China's 5.2 trillion yuan ($715 billion) hedge fund sector comes as President Xi Jinping seeks to foster a leaner and cleaner financial industry
The retirement age for men is 60, five to six years below most developed economies, while for women it is 50 or 55. The move will ease a soaring pension budgets crisis
The PBOC cut rates on its seven-day reverse purchase agreements, leading to a similar drop in its loan prime rates (LPR), pulling bond yields down across the curve
Beijing faces a credibility deficit on its 'old' policy agenda and will need to act with urgency if it wants to lift business and consumer sentiment, economists say
Notes from the plenum had no details on how Beijing plans to reach its goals, such as getting consumers to spend more when resources go mainly to producers and infrastructure
Outage led to US airlines ordering all planes grounded amid communication issues, plus big impacts on media, banks, retailers and telecom companies around the world