China

(Reuters) - Citigroup Inc.’s plan to expand into China has hit a snag with U.S. regulators after the Federal Reserve sanctioned the bank over its data management and risk controls, Bloomberg News reported on Sunday. The bank is facing…

The People’s Bank of China is expected to cut its key reverse repo rate today, along with its key lending rates. The Fed’s rate cut this week is expected to pave the way for PBOC cuts.The People's Bank of China has turned to the 7-day repo…

BYD (OTCPK:BYDDF) has taken full control of its joint venture with Mercedes-Benz (OTCPK:MBGAF) in China by buying the remaining 10% stake in Shenzhen Denza New Energy Automotive, according to Knife Post mail. The acquisition was completed…

Written by Shi Yu HONG KONG (Reuters) - PwC said it is making "concrete investments" to ensure the Big Four firms have high-quality and sustainable business in China, after Chinese regulators on Friday imposed a record penalty on the…

Breadcrumbs Path LinksPMN BusinessAsian stocks moved between losses and gains on Monday, as expectations of a rate cut by the US Federal Reserve receded due to signs of continued stagnation in the Chinese economy.Article author:Bloomberg…

Investing.com - After China's electric vehicle sector weathered a tough period, investor sentiment is shifting. As the industry enters its traditional peak season, there is a renewed sense of optimism driven by a combination of…

China's August 2024 retail sales, industrial production and investment data - another round of disappointing results. Retail Sales +2.1% (YoY) (Aug) Expected 2.5%, previous 2.7%Industrial Production +4.5% (YoY) (Aug) Expected 4.8%, previous…

By David Shepardson WASHINGTON (Reuters) - The U.S. House of Representatives narrowly approved legislation on Thursday to tighten rules limiting Chinese content in vehicles eligible for U.S. electric vehicle tax credits. The House voted…

This is mainly aimed at further lowering borrowing costs and trying to boost consumption activity. China's domestic demand conditions have suffered greatly since the outbreak of the Covid-19 pandemic and there has been no significant…

In the boom years when China produced billionaires Every two daysBanking money maker Bao Fan almost achieved this feat himself. His skill in advising tech giants like Alibaba Group Holding Ltd. has made him one of the country’s most…