People walk past the headquarters of the People’s Bank of China in Beijing. Reuters
Auto sales in China fell for a 14th consecutive month in August, and the number of new energy vehicles (NEVs) sold contracted for the second month in a row, data from the country’s
It is unfortunate that the US-China trade war has entered a new phase at a time when the global growth itself remains shaky. Indications that negotiations would resume some time
A weak Purchasing Managers’ Index (PMI) in China is often viewed as a buy signal for industrial metals such as iron ore and copper, as investors take the view Beijing will boost stimulus spending. Problem is, the evidence for this is mixed.
Thyssenkrupp has agreed to sell its elevators division to a consortium of Advent, Cinven and Germany’s RAG foundation for 17.2 billion euros ($18.7 billion). Analysts say the deal could be the world’s largest buyout in 2020.
Japan is adopting preventive measures to save economy from the impact of coronavirus on its economy. Japanese Prime Minister Shinzo Abe pledged on Friday to take policy steps as needed to prevent the coronavirus
The Khalifa Fund for Enterprise Development has announced the signing of a $100 million (Dhs368 million) agreement with the Ethiopian Ministry of Finance in Addis Ababa.