Recent Posts

China stocks rebound with biggest gain since 2016

Bloomberg Chinese large cap stocks climbed the most in two years, bouncing back from a bruising run of losses in the lead up to the imposition of US tariffs from July 6. The yuan also rose after retreating for four weeks straight. The Shanghai Composite Index jumped 2.5 percent, the most since May 2016, following seven weekly declines in a ...

Read More »

Samsung opens world’s largest mobile phone factory in India

Bloomberg Samsung Electronics Co. opened the world’s largest mobile phone factory in India, in a win for PM Narendra Modi’s flagship programme to lure investors to manufacture in the South Asian nation. The factory was inaugurated by Modi and South Korean President Moon Jae-in during their visit to the facility located at the outskirts of Delhi. This will double Samsung’s ...

Read More »

China to reimburse soy tariffs for state reserve

Bloomberg China will reimburse the buyer for the cost of the 25 percent tariff on soybean imports from the US if the cargoes are for state reserves, according to people familiar with the matter. Extra duties were applied to a range of US farm products from July 6 in retaliation for President Donald Trump’s tariffs on $34 billion of Chinese ...

Read More »
Send this to a friend