By Hritam Mukherjee and Shubham Batra (Reuters) – Foreign investors are on track to sell a record amount in Indian equities in October in absolute terms, as fund managers diverted their focus from richly valued local equities to China in hopes that Beijing’s recent stimulus may boost its ailing economy. Foreign portfolio investors have sold …
By Amy Lv and Tony Munroe BEIJING/SINGAPORE (Reuters) – Chinese steelmakers, already exporting at near-decade high volumes, are set to keep pushing out shipments in 2025 to manage overcapacity and soft domestic demand, industry insiders and analysts say, threatening to worsen mounting trade frictions. As local consumption remains suppressed by a weakened property sector, this …
Analysis-Elevated China steel exports set to persist, threaten to worsen trade friction Read More »
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate stood at 3% in July-September, unchanged from the previous three-month period, the government said on Friday. The unemployment rate has kept steady at the 3% level since January-March period. “The overall labour market should remain tight in the near term,” Chris Sun, secretary for labour …
Hong Kong’s July-September unemployment rate holds steady at 3% Read More »
MULTAN, Pakistan (Reuters) – Pakistan captain Shan Masood termed their series-levelling victory in the second test against England “special” as the hosts snapped their nearly four-year winless run on home soil in this format. The 152-run victory in Multan on Friday is Pakistan’s first in a home test since they defeated South Africa in Rawalpindi …
Cricket-Captain Shan hails ‘special’ win as Pakistan snap winless home run Read More »
BEIJING/SHANGHAI (Reuters) – China’s central bank kicked off two funding schemes on Friday that will initially pump as much as 800 billion yuan ($112.38 billion) into the stock market through newly-created monetary policy tools. The People’s Bank of China (PBOC) spelt out operational details of the swap and relending schemes first announced in late September, …
China rolls out $112 billion funding schemes to bolster stock market Read More »
By Tom Westbrook, Dhara Ranasinghe and Naomi Rovnick SINGAPORE/LONDON (Reuters) – Global investors are buying China and betting last month’s rally has legs, but few are willing to go large until there are far more concrete signs that the economy and earnings will improve. The sentiment shift has been fast and furious, spurring billions of …
By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) -Japan’s largest labour union group said on Friday it will seek wage hikes of at least 5% in 2025, similar to this year’s hefty increase, although economists doubt that another such bump is realistic. The announcement by Rengo means debate about pay rises for next year will …
Japan’s biggest union group targets 5% wage hikes next year Read More »
By Rajendra Jadhav and Daksh Grover (Reuters) – Physical gold dealers in India were forced to offer discounts this week, as record high prices dampened demand ahead of a key festival, while discounts in top consumer China narrowed. In India domestic prices hit a record high of 77,641 rupees ($923.85) per 10 grams, up more …
Record prices dull India demand ahead of key festival Read More »
BEIJING (Reuters) – Chinese President Xi Jinping will attend the 16th BRICS summit in Kazan, Russia, from Oct. 22 to 24, the Chinese foreign ministry said on Friday. During his visit, Xi will attend the leaders’ meeting, the expert leaders’ dialogues and other activities, and have in-depth exchanges with leaders on the current international situation, …
China’s President Xi to attend BRICS summit in Russia Read More »
BEIJING (Reuters) – Apple Inc’s new iPhones got off to a strong start in China, with their sales rising 20% in their first three weeks since their launch compared with its 2023 model, according to data from research firm Counterpoint. Both Apple and Huawei’s latest smartphones went on sale in China on Sept. 20, underscoring …
Apple’s new iPhone sales in China jump 20% in first 3 weeks, Counterpoint says Read More »
