Asian markets slid lower on Tuesday amid expectations of a further rate hike in the US, the slowdown in China, but financial stocks helped to pull India's Nifty 50 to a positive level

Juneyao Group is exploring a move into the EV market, where sales are booming because of generous government subsidies and tax incentives.

The latest firms to announce plans for capital raisings on European bourses include Joincare Pharmaceutical Group Industry Co. and Eastroc Beverage, China Daily reported.

Pinduoduo has briefed merchants on its plans but details have not yet been finalized, a source said.

India is set to sign a $3-billion deal with the US for 30 top-level military drones for surveillance of their border with China and the Indian Ocean

To survive ''the crisis of the next three years,'' Huawei's strategy must shift from the pursuit of scale to a focus on profit and cash flow, said founder Ren Zhengfei in an email.

Vice Commerce Minister Sheng Qiuping says SMES face greater pressure to survive amid Covid restrictions on mobility and risks of declining external demand.

Factories in China's southwest will remain closed until Thursday and power use restricted in malls because of the prolonged heatwave and drop in hydropower output

Some Chinese traders expect more Russian coal to flow into China in the fourth quarter when utilities in the northern region build stocks for the winter heating season.

Indiana Governor Eric Holcomb is making the third trip to Taiwan this month by a U.S. delegation after U.S. House Speaker Nancy Pelosi's earlier visit infuriated China.

The onshore yuan opened at 6.82 per dollar and touched a low of 6.8308, the weakest level since Sept 2020, while its offshore counterpart fell to a near two-year low of 6.852

China's economy narrowly avoided a contraction in the second quarter as widespread lockdowns and a property crisis took a heavy toll on consumer and business confidence.