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World Economy News: World Finance News, Global Financial Markets


India Using SWIFT Payment System For Dollar Trade With Russia

Many Russian banks have been blocked from the SWIFT network due to Western sanctions over Moscow's invasion of Ukraine

6 days ago

US Regulators Set For Fresh Audit Inspections of Chinese Firms

The inspections by US audit watchdog PCAOB are part of a deal with Beijing to prevent delistings of Chinese firms…

6 days ago

TikTok Facing US Ban if Chinese Owners Don’t Sell Stakes

"If protecting national security is the objective, divestment doesn't solve the problem," a TikTok spokesperson said, responding to the US…

6 days ago

Beijing Regulator Delays CATL’s $5 Billion Swiss GDR Listing

China's securities regulator has questioned why the battery maker needs so much capital after it raised $6.56 billion in a…

7 days ago

Japan, Canada to Build Joint Battery Metals Supply Chain

A Japanese trade mission including public officials and private representatives of 16 battery industry firms were in Canada last week

1 week ago

Taiwan Shows Off Homegrown Drones for ‘Asymmetric Warfare’

The island's president Tsai Ing-wen has championed the idea of "asymmetric warfare" to make Taiwan's forces more mobile and harder…

1 week ago

Chinese Start-Ups Hunt for ‘Friendly’ Banks to Park SVB Funds

"No other bankers in the US provide the level of services SVB used to offer," said an executive at a…

1 week ago

China’s Xi Lining up Putin Meet in Russia Next Week

Last month, Putin hosted China's top diplomat Wang Yi in Moscow in what was seen as a preparatory meeting ahead…

1 week ago

BYD Won’t Consider UK for Europe EV Plant Due to Brexit – FT

BYD’s Europe president said the company doesn’t “understand what happened” to the UK after its decision to exit from the…

1 week ago

China Firms Rush To Distance Themselves From SVB Collapse

Several Hong Kong-listed companies, mostly Chinese pharmaceutical firms, disclosed their exposure to Silicon Valley Bank over the weekend

1 week ago

Silicon Valley Bank Collapse Adds to China Investors’ Woes

At least one WeChat group with several hundred members has been formed by anxious Chinese clients of SVB seeking to…

1 week ago

US Set For ‘Substantial’ India Investments to Boost Tech Ties

Commerce Secretary Gina Raimondo said India could key become a key electronics supplier to the US, while adding that Washington…

2 weeks ago