government

Improbable bets on break of Hong Kong dollar peg adding up

It's what is known in the markets as a "tail risk": a highly unlikely scenario in which Hong Kong's currency…

3 years ago

Exclusive: China set to fine Ant Group over $1 billion, signalling revamp nears end-sources

Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma's Ant Group, said six…

3 years ago

Dollar rises as China COVID worries spur safe-haven buying

The U.S. dollar was firmly higher against major currencies on Monday, as rising COVID-19 cases in China led to new…

3 years ago

Apple supplier Foxconn adjusts production to avoid holiday blues

Apple Inc supplier Foxconn said on Thursday it expected smartphone revenue to fall this quarter and is adjusting production to…

3 years ago

India’s first fully solar village lights up the lives of poor residents

These days, Prajapati, 68, from the village of Modhera in western India's Gujarat state, has doubled the amount of earthenware…

3 years ago

UK banks start cutting ‘Truss premium’ from mortgage rates, but slowly

Having hiked mortgage rates after political turmoil drove up the cost of borrowing, British banks are now cutting home loan…

3 years ago

Exclusive: Indian car makers propose tax cut on imports in trade deal with Britain

Indian car makers have proposed cutting to 30% the tax rate on imported cars as part of a trade deal…

3 years ago

Analysis: Japan is chasing its tail on yen intervention

As the Bank of Japan steps into currency markets for the first time in decades to defend a battered yen,…

3 years ago

Analysis: China’s mortgage boycott quietly regroups as construction idles

Two months since many Chinese homebuyers stopped repaying mortgages to protest stalled construction on their properties, a lack of progress…

3 years ago

Exclusive: Flurry of new rules leave Turkish banks struggling to lend

Some Turkish banks are curtailing corporate lending after the government's latest raft of regulations raised their costs and forced many…

3 years ago