Prime Minister Narendra Modi on Friday said that India and China, as two major economies, must work together to bring stability to the global economic order, particularly amid the uncertainties triggered by US President Donald Trump’s tariff measures. He added that stable, predictable, and friendly relations between the Asian giants are vital for global peace…
Cambricon, a China-based semiconductor firm, posted record profit in the first half of the year, along with revenue that surged roughly 4,300%. The earnings, released late Tuesday, serve as an example of Nvidia’s growing local competition in China, as the government and market seek alternative chipmakers to gain traction in the region. Nvidia’s business in…
(Bloomberg) — Across equity, bond and currency markets, gauges of volatility are slumping to their lowest levels of the year. The Cboe Volatility Index, which measures the expected 30-day volatility for the S&P 500 — and dubbed Wall Street’s fear gauge — just fell to its lowest since December. A similar index for global currencies…
LONDON (Reuters) -Owning big U.S. tech stocks is once again the most popular trade, according to BofA’s monthly fund manager survey, as upbeat earnings and improved sentiment towards the global economy send investors back into stocks. 45% of the 169 participants in August’s survey, who have $413 billion in assets under management, said they thought…
About 25 per cent of Hong Kong employers plan to cut staff in the next quarter, according to a human resources company’s survey, as the latest government figures showed the city’s unemployment rate reached a 30-month high of 3.5 per cent for March to May. Workforce solutions provider ManpowerGroup Greater China released its latest employment…
HONG KONG, May 20, 2025 /PRNewswire/ — Today marked the opening of the 2025 edition of Global Prosperity Summit (GPS2025), Hong Kong’s first-ever conference designed to address the most important geopolitical issues facing the world. Following the success of last year’s inaugural event, GPS2025 is reinforcing the city’s position as a super-connector by bringing together…
May 1 (Reuters) – Gold dipped to a two-week low on Thursday, pressured by signals of softening trade tensions and a holiday in top consumer China, while focus was also on Friday’s U.S. payrolls report to gauge the economic outlook. Spot gold was down 2% at $3,222.43 an ounce at 9:30 a.m. ET (1330 GMT),…
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WASHINGTON — President Trump insisted Thursday that a Chinese government spokesman was mistaken in denying trade talks to de-escalate massive tit-for-tat tariffs between the world’s two largest economies. “[China is] saying it’s ‘fake news’ that trade talks are happening,” a reporter prompted Trump at the White House. “Well, they had a meeting this morning,” the…
Hong Kong is in the “unfortunate” position of being caught in the crossfire of US President Donald Trump’s tariff policies, the American Chamber of Commerce in the city has said. The influential business group said on Monday that it supported the Hong Kong government’s stance that the city was a separate customs entity distinct from…