Rates for ocean cargo have soared after an attempted attack on Wednesday and a bid to hijack a Maersk ship last Sunday; members of the UN Security Council have called on the Houthis to halt their attacks

The Caixin/S&P Global services purchasing managers' index (PMI) rose to 52.9 in December, with a solid rise in new business lifting optimism in the sector to a three-month high

China and Hong Kong stocks ended 2023 as the worst performers among the world's major indexes, dragged down by geopolitical risks, a sluggish economic recovery and policy uncertainties

Vietnamese electric carmaker plans to make EV batteries in Thoothukudi city in Tamil Nadu, in the southern India, sources say

The Chinese EV-maker's bumper sales suggest car buyers are looking for cheaper models in a high-interest-rate economy

Tencent and Netease shares rose after China removed a senior regulatory official and a state media commentary called for officials to end their 'erratic' oversight of the platform sector

Two of China's biggest state-owned banks and a leading joint-stock bank have stepped up reviews of smaller lenders, as debts from the intensifying property crisis hit the financial sector

The funding was slated to be used for the research and development, manufacturing, and sales services of vehicles under the group

The top six home sellers last year were all state-owned or state-backed developers, according to a private real estate survey

The new requirements, issued in December, seek to reduce US reliance on China in its electric-vehicle supply chain

Factory activity slipped in South Korea, Taiwan, Malaysia and Vietnam in December, while data for China was mixed

Criticism comes after the Netherlands restricts export licence for top chip-machine maker, to prevent them being exported to Chinese firms