China's central bank will offer loans with a rate much lower than the benchmark interest rate so financial institutions can buy onshore bonds issued by developers, sources say
The region’s major markets were weighed down by worries over China’s Covid fight and bad news on Japan inflation despite optimism on US rate hikes
President says the strike is holding the national supply chain "hostage" during an economic crisis, which is "unacceptable". Logistics disruptions have hit several sectors already.
Stellantis plans to produce dozens of electric models in the coming decade, but its CEO Carlos Tavares has said it could be five or six years before affordable battery EVs are created
US Federal Reserve meeting minutes revealed policymakers were hopeful inflation was being tamed and hinted at a rate hikes slowdown
CNOOC has hired JPMorgan to advise it on a potential exit from its US shale gas assets, which could raise $2 billion. It is also in talks for the sale of its Gulf of Mexico assets
Asian share markets mostly rose on Wednesday but oil and the dollar slipped as rising Covid-19 cases in China raised fears of fresh lockdowns
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
US tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
The Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.