China's central bank has ramped up consolidation of small banks because of their weaker funding status and higher exposure to risk, in a bid to stabilize the financial system
China's birth rates have been falling for decades as a result of the one-child policy implemented from 1980 to 2015, as well as rapid urbanisation; rising costs make it expensive to raise children
The group may face a "make or break" moment, analysts said, depending on whether the government decides to bail it out or let it default on debt.
Asian markets rose, while the yuan and the dollar both surged after China and the US both said they have agreed to slash tariffs for 90 days...
Nvidia will downgrade its H20 chip for China, with specifications that will slash its memory capacity, but a source said customers may also be able to adjust the new chip...
The Modi government has said its will slash its tariff gap with the US to less than 4% from nearly 13% – in a bid to be exempt from Trump's tariff hikes, sources have revealed...
Beijing has grown increasingly alarmed about the impact of US tariffs on the economy and the risk of isolation as other countries started negotiating deals with Washington...
Countries in Central and South Asia continued to see some of the worst air quality, with India's New Delhi being the most polluted capital city in the world...
The group, which describes its business as "emissions intelligence," has raised an extra $5 million to enter the insurance sector to focus on emissions risk management....
Trafigura attributed the majority of debts owed by its counterparty in the country, Lex Oil, but its own internal probe is ongoing to try to locate around $500 million....
The Russian central bank moved on Thursday to stop foreign buying of the ruble in the domestic market after the currency slipped to its lowest since March 2022...
Second quarter steel shipments are expected to plunge by about 20-30% after the US imposed a 25% tariff in March and other countries involved in trans-shipment followed suit ...
China's most successful carmaker is eyeing major growth from plants it is building in Europe and South America, and hopes to have half its sales overseas by 2030...
Trump administration officials are looking to dump the tiered approach to access to advanced chips and shift to a global licensing regime with government-to-government agreements, sources say...
India’s escalating conflict with Pakistan could put at risk its image as a ‘safe haven’ amid global economic turmoil...
Outlet says the US approached Beijing to hold talks on tariffs; Trump says "potential" trade deals are lined up with India, South Korea and Japan...
Higher US tariffs on dozens of countries are due to take effect on July 8 unless deals are reached before a 90-day pause ends...
Asian currencies have surged on the back of a wave of dollar selling, which suggests regional investors are baulking at the long trend of investing in US assets...
Lawmaker says technology to track chips is readily available, while there is bipartisan support for requiring companies like Nvidia to build location-tracking into their high-powered AI chips...
Japan says tariffs imposed on autos, steel and aluminium cannot be excluded from trade talks, because the auto sector is a core national industry...