Stocks and oil prices sank Monday on concerns about protests across China calling for political freedoms and an end to the government's hardline zero-Covid policy, fuelling uncertainty in the world's number-two economy.
(Reuters) -Oil prices slumped on Monday as street protests against strict COVID-19 curbs in China, the world's biggest crude importer stoked concern about the outlook for fuel demand. Brent crude dropped $2.43, or 2.9%, to trade at $81.20 a barrel at 0731 GMT, after diving more than 3% to $80.61 earlier in the session - its lowest since Jan. 4. Brent ended the latest week down 4.6%, while WTI fell 4.7%.
Overworked, underpaid and thoroughly fed up, Wang's troubles deepened even further when authorities abruptly locked down the delivery driver's Beijing apartment block earlier this month.
Investment bubbles eventually leave us with good things paid for by other people’s capital. Not FTX.
Loan growth at Indian banks will accelerate to 13% in this fiscal year despite the RBI raising interest rates, as economic activity picks up after a pandemic led lull, Fitch Ratings said on Monday. The Reserve Bank of India has raised interest rates by a total 190 basis points since May to fight inflation, which has only recently shown some signs of easing. While full-year growth will show a modest slowdown from the 17% pace seen in the first half, credit demand is expected to stay robust into the next financial year if economic expansion continued, Fitch added.
Stocks and commodities prices slid sharply on Monday as rare protests in major Chinese cities against the country's strict zero-COVID curbs raised investors' concerns about the growth implications for the world's second-largest economy. MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.5% having slumped 2.2% at the open, pulled lower by a selldown in Chinese markets. Hong Kong's Hang Seng Index shed 4.16% at the start of trade but recovered some territory to be off 2.32%.
HONG KONG SAR - Media OutReach - 28 November 2022 - Tia Lee Yu Fen, global C-Pop star, returned with a bang in 2022 as she released the first episode of her captivating animation series - "GOODBYE PRINCESS" which attained a record breaking 13.65 million views in the first three days. Since then, all videos have accumulated nearly 100 million views. The first animation episode, "Falling in the Deep", was released on 11 November and showcased a carefree mermaid swimming happily in a calm ocean and
KUALA LUMPUR, MALAYSIA - Media OutReach - 28 November 2022 - The hype around Tia Lee Yu Fen's much-awaited return in 2022 ascended to a new level after the first episode of her mesmerising animation series was released on 11 November. Garnering over 13.65 million views in the first 72 hours, the first of the six-episode series continued to generate excitement leading up to her soon-to-be-released new single "GOODBYE PRINCESS". In the time that has elapsed, the global C-Pop star's video views hav
Gold prices slipped on Monday, as investors preferred the safe-haven dollar amid protests in several Chinese cities over the country's strict COVID-19 restrictions. Spot gold was down 0.3% at $1,750.20 per ounce, as of 0745 GMT. "Gold prices have been tracking the U.S. dollar's moves closely, and increased uncertainty from the growing unrest in China seems to be underpinning the dollar this morning," said IG Market strategist Yeap Jun Rong.
The Indian economy likely returned to a more normal 6.2% annual growth rate in July-September after double-digit expansion in the previous quarter, but weaker exports and investment will curb future activity, a Reuters poll showed. But with the Reserve Bank of India (RBI) now raising interest rates to tamp inflation running above its target range of 2% to 6% target, the economy is set to slow further. The 6.2% annual growth forecast for latest quarter in a Nov. 22-28 Reuters poll of 43 economists was a tad lower than the RBI's 6.3% view.
DUBAI, UNITED ARAB EMIRATES - Media OutReach - 28 November 2022 - Following the premiere of the first episode of her animation series "GOODBYE PRINCESS", global C-Pop star Tia Lee Yu Fen expressed her gratitude and appreciation for all the support she has received as her video views approach a record breaking 100 million. Since the first episode's release on 11 November, the Asian pop singer, actress and fashion icon is eagerly anticipating the response to the second episode, "Stuck in Time", wh
The Zhengzhou plant produces about 80% of the latest iPhone 14 models, making its continued operation critical for Apple.
The acquisition was seen as an “attractive investment opportunity” for the company to diversify its revenue streams.
QUANZHOU, CHINA - Media OutReach - 28 November 2022 - From November 24th to 27th, the 8th China (Quanzhou) Maritime Silk Road International Brand Expo and the 2nd RCEP Young Overseas Chinese Business Innovation and Entrepreneurship Summit supported by China Council for the Promotion of International Trade and World Trade Center Association, sponsored by China International Chamber of Commerce, Overseas Chinese Affairs Office of Fujian Provincial People's Government, Fujian Provincial Department