CEBU, Philippines: The International Monetary Fund ( IMF) warned on Tuesday ( Nov 19 ) that “tit-for-tat” tariffs could undermine Asia’s economic prospects, raise costs and disrupt supply chains even as it expects the region to remain a key engine of growth for the global economy. At a conference onContinue Reading
The chief executive of Tata Steel told Reuters on Thursday ( Nov. 7 ) that India’s steel imports from China were “unfairly priced” and that prolonged shipments could hinder domestic steel industry investment plans. ” It’s not that Chinese material is more dynamic… they really are able to keep sellingContinue Reading
Following next year’s turbulence, global investors are reevaluating the viability of yen-funded trades and the economic prospects of once-favoured Chinese stocks. Up until this quarter, using low yen to purchase shares on the Nikkei was a popular industry. Since the start of 2023, the Nikkei catalog has doubled, and companiesContinue Reading
JAKARTA: Indonesia’s President Joko Widodo on Wednesday inaugurated a flower built by China’s BTR New Material Group and Singapore’s Brilliant Purchase that will make anode materials for EV batteries. According to the Coordinating Ministry of Maritime and Investment Affairs, the firms invested US$ 478 million in the plant, which willContinue Reading
China: China’s consumer prices rose in April for a second straight fortnight, while supplier costs extended declines, suggesting adaptable local demand, despite a weak financial recovery. The closely watched figures are in line with standard surveys that show stock and service action cooling as worries about the slowdown in economicContinue Reading
China: China’s COMAC is expanding manufacturing facilities for its domestic C919 jets in Shanghai, according to one of the job contractors, as the condition- owned planemaker ramps up manufacturing to accomplish hundreds of new orders. A state-owned company of aircraft planning and construction services, China Aviation Planning and Design InstituteContinue Reading