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Nearly all Chinese banks are refusing to process payments from Russia, report says
Almost all Chinese banks — even small regional ones — are now refusing to accept direct transaction…
Huileng Tan
All eyes are on Jackson Hole for clues about the size of September's rate cut
Rate cuts are a lock for the Fed's next meeting in September. But instead of wondering if they'll c…
Dan DeFrancesco
To get paid by Russian customers, some Chinese banks are taking documents across borders to get them stamped, reported Reuters
Smaller local Chinese banks are overlooking US sanctions to process payments with Russia because th…
Huileng Tan
The US is eyeing sanctions that could cut off some Chinese banks from the rest of the world
The US is drafting sanctions on Chinese lenders that facilitate trade with Russia, which is feared …
Filip De Mott
Indian tablet market records good growth in Q2 2024, 1 in 2 tablets sold was from Samsung
The Indian tablet market recorded good growth in Q2 2024, registering a 128.8% year-on-year increas…
Everyone from Starbucks to Chinese giants wants in on the global boba tea craze. Meet the family who started it all.
Chun Shui Tang started out as a traditional teahouse in Taiwan. But as founder Liu Han-Chieh found …
Huileng Tan
It looks like the party's over for luxury goods in China
Luxury retailers say they've been hit by slumping sales in China, while tourism spending in Japan b…
Grace Dean
India to benefit from greater trade and investment as Quad countries seek to cut reliance on Chinese goods, says Moody’s
Global ratings firm Moody’s Investors Service said on Tuesday that deepening economic relationships…
The US is sending less natural gas to Europe, complicating Europe's plans to cut off Russian gas
Last year, Europe still imported about 15% of its total gas supply from Russia, with about 9% comin…
Huileng Tan
Chinese shoppers are so obsessed with LVMH that some people asked the CEO to bless their babies
Bernard Arnault's last visit to China drew large crowds, even as the Chinese luxury market dips.
Shubhangi Goel
Sensex tumbles over 1,000 points, Nifty falls below 22k amid election uncertainties
Benchmark equity indices Sensex and Nifty tumbled about 1.5 per cent on Thursday amid heavy foreign…
PTI
Apple finally gets some good news in China as iPhone shipments surge
iPhone shipments in China soared about 40% in May, according to Bloomberg calculations, suggesting …
Theron Mohamed
De-dollarization is not working out in China, where businesses are hanging onto their US dollars
Despite discussions about de-dollarization, the US dollar still dominates global foreign reserves, …
Huileng Tan
3 easy recipes to help you cut down on ultra-processed foods, by a dietitian who has written a book on the topic
A dietitian who has written a book on making eating fewer ultra-processed foods simple follows the …
Rachel Hosie
Director’s Cut: Mukesh Ambani’s showmanship is great, but what about value unlocking, asks market
Mukesh Ambani’s time travel between the past and future in the RIL AGM kept analysts and media busy…
Biden is fighting Trump's tough tactics by calling for tripled tariffs on Chinese steel imports
China's economy struggles to consume all it's producing, exporting the most steel since 2016 amid a…
Huileng Tan
Sensex, Nifty tumble over 1% due to selling in Reliance, bank stocks
Benchmark Sensex tanked more than 1 per cent while Nifty declined below the 22,000 level on Wednesd…
PTI
The US is weighing using the power of the dollar to stop Chinese banks aiding Russia but its plan could backfire
The US is drawing up plans to cut Chinese banks off fro the global financial system, according to T…
Tom Porter
Sensex and Nifty open in the green: Wipro, M&M and Bajaj Auto top gainers
The Sensex opened 73.11 points up at 72,517.06, while the Nifty began 42.50 points higher at 22,082…
ANI
An overload of solar panels cut prices in half last year — but not in the US
"Prices in Europe have significantly cratered," one expert told Business Insider. "In the US, it's …