Shares in BYD plummeted by close to 12% on Tuesday amid speculation that US billionaire investor Warren Buffett may sell shares in China's top electric vehicle producer.
The city-state's debt markets are on course for the biggest year of bank-capital raising in more than a decade
The ``big surprise’’ in coming months will be the collapse of inflationary pressures around the world, says Societe Generale. US CPI food prices will plunge into deflation, just as they did in 2008, it says.
Investors were in downbeat mood at the start of the week with China’s regulators targeting its tech giants again over undisclosed takeovers and mergers
The Hang Seng Tech Index plunged 3.9%, dragged down by the falls of tech giants Alibaba and Tencent. Rising Covid cases also hurt market sentiment.
The dollar climbed to as high as 137.28 yen in morning trading, its highest since late 1998 before lightly paring those gains
Evergrande said it is in negotiations with bondholders to reach a deal as soon as possible, its statement to the Shenzhen Stock Exchange showed
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.