The Chinese mainland reported 1,366 new locally-transmitted COVID-19 infections in the last 24 hours, the National Health Commission said Monday. In addition, China’s strict lockdown in Shanghai is affecting global supply chains. Of the local confirmed cases reported Sunday, 836 were in Jilin, 425 in Shanghai, and 16 in Fujian, according to Xinhua News Agency. …
By Administrator_India Capital Sands India has cornered the biggest chunk of overseas investor flows into the emerging markets, after China, in CY20. FPI flows in India for the year stood at $22.6 billion, 58 per cent higher than that in 2019, with energy and financials absorbing the biggest share of flows. The flows were largely driven by easy …
By Administrator_India Capital Sands China set its daily yuan fixing at a weaker-than-expected level, the first signal that policy makers may want to rein in this quarter’s rapid appreciation in the currency. The People’s Bank of China’s reference rate was set at 6.7872 on Tuesday, after the spot rate weakened 0.51% overnight. That’s almost 60 …
By Administrator_India Capital Sands China reported 101 new coronavirus cases in the mainland for July 28, the highest in over three and a half months, the health commission said on Wednesday. Around the world, countries have been battling an ebb and flow in coronavirus infections. China has moved quickly to stamp out eruptions by contact …
By Administrator_India Capital Sands Oil was down on Tuesday morning in Asia, giving up its earlier gains from the session. Brent oil futures fell 0.46% to $42.88 by 10:17 PM ET (3:17 AM GMT) and WTI futures slid 0.61% to $40.48. Investors were spooked after White House trade adviser Peter Navarro told the press on Monday that the …
By Administrator_India Capital Sands India and China said they wanted peace but blamed each other on Wednesday after soldiers of the two sides savagely fought each other with nail-studded clubs and stones on their Himalayan border, killing at least 20 Indian troops. “We never provoke anyone,” Prime Minister Narendra Modi said on national television, referring …
By Administrator_India Capital Sands The COVID-19 epidemic has exacerbated already worrisome trends to doing business in China amid slowing revenue growth, regulatory obstacles and the clout of the state-owned sector, a European business group said on Wednesday. Only half of European companies surveyed said that their mainland China revenues last year increased by 5% or …
By Administrator_India Capital Sands Chinese investment to Australia more than halved in 2019 and it would continue to fall this year due to the coronavirus outbreak and negative perceptions around government screenings of such inflows, says a report by KPMG and the University of Sydney. The number of deals fell 43% to 42 for the …
By Administrator_India Capital Sands Hong Kong’s Legislative Council passed a controversial national anthem bill on Thursday that would make disrespecting China’s national anthem a criminal offence, a move critics see as the latest sign of Beijing’s tightening grip on the city. The ruling could stoke further protests just as people in Hong Kong are set …
By Administrator_India Capital Sands U.S. Secretary of State Mike Pompeo and a senior congressional leader have reprimanded China for bullying behaviour towards India during a military standoff on their disputed border. Thousands of Indian and Chinese troops have faced each other for weeks at three or four locations in the western Himalayas after Beijing’s forces …
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