Russia is being increasingly cut off as an export market following its invasion of Ukraine and the sanctions imposed by Western allies. In value terms, German exports to Russia fell 46 per cent to €1. ( read original story ...)
China Inc to outperform S&P 500 in third-quarter profit growth, stem US$3.8 trillion market rout
Shanghai-listed companies are likely to post 8 per cent profit growth in the third quarter and 14 per cent for those in Shenzhen Companies on the S&P 500 index are likely to see weakest profit growth ... ( read original story ...)
Shanghai shuts down schools, gyms, bars as Covid-19 returns to China’s finance centre
Shanghai is quietly shutting down schools and a raft of other venues as officials try to rein in a flareup that’s hit the financial hub just days before one of China’s most important political events. ( read original story ...)
After trillion-dollar rout, China stock investors clamour for market intervention as social media posts show frustration at widening losses
Traders returned from the golden week holiday only to take another beating as markets struggle for footing After almost two years of relentless sell-off, many China-focused funds are on the brink of ... ( read original story ...)
Shanghai’s 25 million residents may face severe curbs amid Covid rise: 8 points
Shanghai could enter a struct lockdown as earlier with 25 million people restricted in homes. 4. Some other facilities have also been shut and performances have been cancelled in Shanghai to follow ... ( read original story ...)
HSBC expands China private banking network, adds two new branches
HSBC Global Private Banking said on Tuesday it has opened two new branches in the large Chinese cities of Chengdu and Hangzhou, in a push to capture a bigger share of China's wealth market.The bank ... ( read original story ...)
China Central Bank Says Will ‘Resolutely’ Curb Big Currency Swings
BEIJING/SHANGHAI (Reuters) - China's central bank spoke out against big currency swings on Tuesday, saying it will take steps to stabilise expectations, and keep the yuan basically stable. ( read original story ...)