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Zijin said it signed a deal with Xanadu Mines to buy a 19.9% stake at A$0.04 ($0.0296) per share, and another 50% stake in Xanadu unit Khuiten Metals for $35 million.
In contrast to most major economies that have started to tighten monetary policy to combat inflation, China has stepped up easing to cushion the slowdown
The Fed began raising interest rates last month, and is expected to ramp up its rate hikes starting next month to slow demand for goods and services
The company has had issues accessing some projects in New South Wales due to flooding, while a worker crunch caused by Covid-19 has made it tough to staff operations
In proposing to install an independent chair, the National Legal and Policy Center said the roles of CEO and chairman are "greatly diminished" when one person holds both
Maha Prasad Adhikari was suspended on April 8 as governor of the central Nepal Rastra Bank by the government, which named his deputy the interim chief
Quantitative Tightening could hit weaker economies with high debt levels and “cause a ripple of sovereign debt crises around the world that disrupts markets” and affects developed nations
Shares of China's third largest bank fall 11.5% in Hong Kong after the bank's board said late on Monday it would remove Tian Huiyu from his role as president
Chinese mainland stocks also closed down as Covid concerns outweighed the boost of support pledges from Beijing
The unheralded electric vehicle maker has seen a sales rise that now puts it shoulder to shoulder with the likes of Nio
In This Section
AF Market Insights
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China-US Economic TiesChina Stocks Delisting From US: Everything You Need to Know -
Market InsightsChina Stock Market Guide: Everything You Need To Know
AF China Bond
China Stock Markets
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SemiconductorsTaiwan to Fine Foxconn After Unauthorised Chinese Investment -
Market InsightsChina’s Covid Infections Rise Further as Outlook Darkens
AF TV: Market Analysis
Markets: The Big Picture
With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’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.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS 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
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MarketsIndian-Owned Tech Firms See Sharp Growth in UKDespite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe 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.
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