caixin

 
 

Casino operator soars 45pc in Hong Kong as missing boss returns

HONG KONG, Nov 27 — Shares in an Asian casino operator soared more than 40 per cent in Hong Kong today after it said its tycoon head, who suddenly went missing in August, had “resumed his duties.” Landing International Development said in a…


China's former trade negotiator questions tariff strategy

BEIJING, Nov 19 ― China's former top trade negotiator has questioned Beijing's strategy in the trade row with Washington, offering a rare window into a policy disagreement in the Communist-ruled country. Long Yongtu, who paved the way for the…


President Xi admits ‘uncertainty’ in China’s economy

BEIJING, Nov 1 — President Xi Jinping sought to reassure Chinese entrepreneurs at a meeting today with promises to prop up private firms with lower taxes and more funding, as he acknowledged uncertainty in China’s economy. Xi held the meeting…


China’s central bank says market to play decisive role in yuan exchange rate

NUSA DUA, Oct 13 — China’s central bank governor Yi Gang said the government would continue to let the market play a decisive role in establishing its currency exchange rate, refraining from using it as a weapon, amid an escalating trade war…


US payroll slumps despite low jobless rate

Fundamental outlook US jobs openings fell despite the 49-year record low unemployment rate. US President Donald Trump’s administration reached a trade deal with Canada and Mexico and rebranded the agreement as USMCA. UK saw a slowdown in its economic growth from previously exceeding most forecast. This was probably due to challenges presented by the Brexit […]


Canadian dollar up on Nafta hopes, Asian shares off to slow start

TOKYO, Oct 1 — The Canadian dollar and the Mexican peso rose today on hopes of progress in negotiations over a renewed North American Free Trade Agreement (Nafta) deal, but Asian shares got off to a slow start amid further signs of weakness in…


China will strive to hit growth target despite trade tensions

BEIJING: China will keep its economic growth within a reasonable range and achieve this year’s target despite challenges, the state-run Xinhua news agency said as a trade war with the United States intensifies. The world’s second-largest economy has already felt the pinch from Beijing’s multi-year deleveraging drive that has driven up corporate borrowing costs and […]


Bitcoin climbs past US$8,000 as ETF speculation fuels renaissance

HONG KONG, July 24 — Hope springs eternal, especially for Bitcoin diehards when it comes to the prospects for the first cryptocurrency exchange-traded fund. The largest virtual currency has rallied about 40 per cent since the start of July, in…


Stronger American payrolls offset trade worries

Fundamental Outlook THE US manufacturing and services indexes improved in both sectors. Payrolls increased and lifted the stock market. China maintained its growth track as reported by Caixin report. UK construction and housing reports fared strong, relieving worries of Brexit threats. The US ISM manufacturing index rose to 60.2 in June, reaching its highest in […]


Asian factories lose momentum even before Trump’s tariffs kick in

HONG KONG, July 2 — Asian exporters lost momentum last month even before tariffs on US and Chinese goods kick in this week, pressuring regional factory activity in a worrying sign the Trump administration’s “America First” protectionist…