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2 mins read

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   


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6 mins read

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   


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2 mins read

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   


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2 mins read

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   


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3 mins read

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…

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7 mins read

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   


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3 mins read

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   


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2 mins read

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…

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2 mins read

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   


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2 mins read

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   


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3 mins read

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   


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1 min read

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   


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3 mins read

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   


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7 mins read

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   


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3 mins read

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…

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2 mins read

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   


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2 mins read

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   


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2 mins read

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   


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2 mins read

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   


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2 mins read

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 …

Filip De Mott