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$23-billion incentives programme that aimed to lure manufacturers away from China was hindered by red tape and slow meagre payouts, officials said, but two sectors enjoyed huge growth
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Daily roundup of the best New Economy stories from other media
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While it is not unusual for Washington to influence private deals of listed companies for strategic reasons, the White House has taken a role similar to an investment bank, analysts say
PetroVietnam signed an MoU with to buy GE equipment for gas-fired power plants, plus deals with Conoco Phillips and Excelerate, while oil refiner Binh Son did a deal with Kellogg Brown & Root
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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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Market InsightsHere’s How China’s ‘Self-Interest’ May Be Adding to Global InflationChina’s imposition of tariffs and restrictions on metals, food, and energy is worsening the pressure on global inflation
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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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Market InsightsFresh snap lockdowns put China’s economic recovery in perilChina’s economy slowed sharply in the second quarter due to widespread lockdowns. Now, a nascent third-quarter recovery in the world's second-largest economy appears in danger of stalling.
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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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