45 h. ago ‘Act of defiance’: China’s crude oil imports from Russia rise despite US pressure

Russia remained China’s top crude oil supplier in September, at a time when the United States is stepping up pressure on major economies to curb their reliance on energy from the Eurasian country. Imports from Russia rose 4.3 per cent in volume from August to 8.29 million tonnes in September, accounting for 17.5 per cent of China’s total crude imports, customs data showed – a sign of Beijing’s willingness to maintain trade links with Moscow despite geopolitical frictions. Chinese purchases of US...

Events

7 d. ago China’s continued deflationary pressure supports case for monetary easing

China’s continued deflationary pressure supports case for monetary easing  ING THINK economic and financial analysis | ING Think

Events

7 d. ago Chinese economic data shows fight against deflationary pressures not yet won

China’s consumer prices fell again in September as demand remained weak in the world’s second-largest economy, while a slight narrowing of the fall in factory-gate prices gave a hint that Beijing’s efforts to curb involution – cutthroat intra-industry competition that pushes prices lower – could be making ground. The national consumer price index (CPI), a key gauge of inflation, fell 0.3 per cent year on year last month, according to data released by the National Bureau of Statistics on...

Economics

7 d. ago China’s deflation fight drags on, amplifying calls for monetary easing

China’s consumer prices fell again in September as demand remained weak, while a slight narrowing of the fall in factory-gate prices gave a hint that Beijing’s efforts to curb involution – cutthroat intra-industry competition that pushes prices lower – could be making ground, even as economists said further monetary easing remained an option. The national consumer price index (CPI), a key gauge of inflation, fell 0.3 per cent year on year last month, according to data released by the National...

Politics

1 week ago HSBC’s move to privatise Hang Seng a vote of confidence in Hong Kong

When HSBC announced its plan to privatise Hang Seng Bank for US$13.6 billion at a 30 per cent premium, the markets responded with enthusiasm. Many interpreted the move as a confident bet on Hong Kong’s future. But beneath the strategic packaging lies a deeper signal. This deal is not only about operational synergy. It is also a calculated response to mounting pressures in Hong Kong’s economy and property sector. The hope is that this bold step brings stability rather than reveals deeper...

Politics

1 week ago Hong Kong’s finance sector enters new era with Hang Seng privatisation

When HSBC announced its plan to privatise Hang Seng Bank for US$13.6 billion at a 30 per cent premium, the markets responded with enthusiasm. Many interpreted the move as a confident bet on Hong Kong’s future. But beneath the strategic packaging lies a deeper signal. This deal is not only about operational synergy. It is also a calculated response to mounting pressures in Hong Kong’s economy and property sector. The hope is that this bold step brings stability rather than reveals deeper...

Economics

2 w. ago Later retirement expected in 2026 budget as Malaysia tackles economic pressures

Malaysians may be asked to retire five years later at 65 but should be spared any sharp tax rises in Friday’s budget, economists say, as Prime Minister Anwar Ibrahim faces an economy hampered by an ageing population, high youth joblessness and surging living costs at the halfway point of his administration. About 8 per cent of Malaysia’s 34 million population are aged 65 and older, according to government data, firmly placing the Southeast Asian nation in the ageing nation category. At the same...

Economics

2 w. ago China facing economic pressure as international exports decrease

China facing economic pressure as international exports decrease  Fox Business

Economics

3 w. ago Watch Why China Won’t Rush Stimulus Despite Economic Pressures

Watch Why China Won’t Rush Stimulus Despite Economic Pressures  Bloomberg.com

Economics

3 w. ago China rate cuts likely in fourth quarter amid growth concerns: Goldman Sachs

China’s central bank appears increasingly likely to ease its monetary stance in the fourth quarter, according to Goldman Sachs, as economic momentum slows and policymakers face mounting pressure to support growth. The forecast includes a 10-basis-point policy rate cut and a 50-basis-point reduction in the reserve requirement ratio, which could come as year-on-year growth slows sharply towards 4 per cent from a high base last year, a note released on Saturday said. “But the data-dependent nature...

Politics