AFP Asia Business
Peru’s Chancay: China’s megaport of entry to South America
Huge cranes loom over Peru’s massive new Chinese-funded Chancay port, a symbol of Beijing’s growing influence in South America which is set to be inaugurated by President Xi Jinping on Thursday.”It’s nearly ready,” Gonzalo Rios, deputy general manager of the Peruvian subsidiary of Chinese port operator Cosco Shipping, which has a 60 percent stake in …
Peru’s Chancay: China’s megaport of entry to South America Read More »
Stocks and dollar climb, bitcoin hits record high
US and European stocks mostly climbed, while the dollar rose and bitcoin extended a record run on Monday, as traders took their lead from events in the United States and China.Chinese stock markets closed mixed and oil prices slid after China’s latest plans to stimulate its economy fell short of expectations.Wall Street’s three main indices …
Stocks and dollar climb, bitcoin hits record high Read More »
Stocks diverge, bitcoin hits record high
Major stock markets diverged, the dollar gained and bitcoin extended a record run higher Monday, as traders took their lead from events in the United States and China.Chinese stock markets closed mixed and oil prices slid after China’s latest plans to stimulate its economy fell short of expectations.Europe saw solid gains around midday, tracking events …
China’s ‘Singles Day’ shopping spree in spotlight as spending flags
China’s largest online shopping bonanza wraps up on Monday, with analysts and investors watching for signs that consumption is rebounding in the world’s second-largest economy after recent efforts by Beijing to boost activity.”Singles Day” — launched by tech giant Alibaba in 2009 — has ballooned into an annual blockbuster period for retail, with days of …
China’s ‘Singles Day’ shopping spree in spotlight as spending flags Read More »