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20 Feb China’s new financial regulator pledges transparency to bring investors back from the brink

Posted at 22:00h in Asia

China’s new financial regulator has made fresh pledges to increase regulatory transparency, stability and predictability, the latest of several attempts to restore investor confidence following a stock meltdown and high-profile personnel changes.The country will benchmark its financial policies against international rules and reduce restrictive measures...

20 Feb X social media platform restores account of Navalny’s widow

Posted at 14:53h in Europe

Yulia Navalnaya, wife of late Russian opposition leader Alexei Navalny, attends the Munich Security Conference, on the day Alexei Navalny's death was announced by the prison service of the Yamalo-Nenets region where he had been serving his sentence, in Munich, southern Germany, on Feb. 16,...

20 Feb Renting? You probably report lower quality of life than homeowners

Posted at 14:35h in Canada

Renters are more likely to report a lower quality of life than homeowners, especially in Vancouver and Toronto, according to survey results over the last few years from Statistics Canada.In 2021 and 2022, renters were over 15 percentage points more likely to report difficulty meeting financial needs and...

20 Feb Chinese chip maker vows no mercy for former chairman sentenced to four years in prison for abuse of funds and bribery

Posted at 14:00h in Asia

Ningbo Semiconductor International Corporation, an affiliate of China’s top chip maker Semiconductor Manufacturing International Corporation (SMIC), said on Tuesday that it refuses to show mercy to two former executives, including ex-chairman and founder Herb Huang He, who was sentenced to four years in prison for...

20 Feb Bank of England rate cuts likely later but larger, Goldman Sachs says

Posted at 13:56h in Europe

Blurred buses pass the Bank of England in the City of London on 7th February 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty ImagesThe Bank of England is likely to hold interest rates higher for longer before slashing them more sharply than...

20 Feb Canada’s inflation rate slowed to 2.9% in January

Posted at 13:38h in Canada

Business·BreakingCanada's annual inflation rate slowed to 2.9 per cent in January, according to data from Statistics Canada.Falling gas prices helped drive rate downJenna Benchetrit · CBC News · Posted: Feb 20, 2024 8:38 AM EST | Last Updated: 13 minutes agoA person pumps gas...

20 Feb China’s EV price war to hot up as carmakers respond to BYD’s discounts and apply more pressure on petrol vehicle industry

Posted at 13:00h in Asia

Three carmakers, including a General Motor’s (GM) venture, have priced their electric vehicles (EVs) below the 100,000 yuan (US$13,894) threshold in China, firing the first salvo in a price war that could reshape the country’s automotive sector.SAIC-GM-Wuling – GM’s three-way venture with Chinese partners SAIC...

20 Feb There is ‘real excitement’ among global investors about Saudi capital market, Riyadh forum is told

Posted at 12:30h in Asia

Saudi Arabia’s capital market is very attractive in the eyes of global investors, and the kingdom’s authorities are pushing for more regulation to enhance the market’s accessibility and stability, with the aim of boosting confidence and to attract further international capital inflows, said panellists at...

20 Feb Chinese start-up Moonshot AI raises US$1 billion in funding round led by Alibaba and VC HongShan amid strong interest for OpenAI-type firms

Posted at 12:30h in Asia

The start-up in October launched smart chatbot Kimi Chat, built on its self-developed Moonshot large language model (LLM), which can process as many as 200,000 Chinese characters in a context window – referring to the swathe of text that an AI model can process during...

Hong Kong to continue capitalising on ‘dim sum’ bond and loan opportunities after offshore yuan debt grew exponentially in 2023, regulators say

20 Feb Hong Kong to continue capitalising on ‘dim sum’ bond and loan opportunities after offshore yuan debt grew exponentially in 2023, regulators say

Posted at 11:33h in Asia

Hong Kong is set to continue capitalising on offshore yuan funding opportunities after “dim sum” bonds and loans – offshore debt denominated in the yuan – grew exponentially in 2023, regulators said.Last year, dim sum bonds issued in Hong Kong increased by 65 per cent...

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