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China Probes EU Liquor, Sinking Shares as Trade Spat Worsens

(Bloomberg) -- China is launching an anti-dumping investigation into liquor products like brandy from the European Union, in a relatively modest step after the bloc opened a probe last fall into its electric vehicle subsidies.Most Read from BloombergIslamic State Claims Responsibility for Deadly Iran BlastsBusiness Insider Says Ackman’s Wife Plagiarized Doctoral ThesisJust a Billion Doesn’t Cut It on This Exclusive Florida IslandHuawei Teardown Shows 5nm Chip Made in Taiwan, Not Ch...
France General Bruxelles Capitale Dong Lyu Jinshan Hong Fran Wang Bloomberg Businessweek
Source: yahoo.com

China's LGFVs Must Repay a Record $651 Billion of Bonds in 2024

(Bloomberg) -- China’s local government financing vehicles need to pay back a record amount of maturing local bonds this year, testing the limits of a central government program to help them refinance their debt and avoid default. Most Read from BloombergTech Stocks Log Four-Day Losing Streak, Bonds Rise: Markets WrapSaving the Panama Canal Will Take Years and Cost Billions, If It’s Even PossibleFed Sees Rates Staying High for Some Time With Cuts Eyed in 2024Harvard’s Presid...
Fran Wang Bloomberg Businessweek Zerlina Zeng Creditsights Inc Bloomberg News Securities Times
Source: yahoo.com

US Pushed Dutch Maker of Chip Equipment to Block Chinese Sales Before Deadline

(Bloomberg) -- ASML Holding NV canceled shipments of some of its machines to China at the request of US President Joe Biden’s administration, weeks before export bans on the high-end chipmaking equipment came into effect, people familiar with the matter said.Most Read from BloombergQuake Hits Northwestern Japan, Killing Four, Wrecking HomesIran Sends Warship to Red Sea After US Sinks Houthi BoatsIndia’s Crude Oil Imports From Russia Plunge on Payment IssuesMaersk Halts Red Sea Ship...
Noord Brabant Peter Wennink Ian King James Mayger Bloomberg Businessweek Donald Trump
Source: yahoo.com

Top China Political Advisory Body Ousts 3 Defense Executives

(Bloomberg) -- China’s top political advisory body removed three senior leaders at missile-making firms from its national committee, the latest sign of turmoil within the upper echelons of the nation’s military.Most Read from BloombergChinese Carmaker Overtakes Tesla as World’s Most Popular EV MakerThe Late-Night Email to Tim Cook That Set the Apple Watch Saga in MotionApple Resumes Sale of Watches After Appeals Court Lifts US BanS&P 500 Rally Flashes Signs of Fatigue N...
Jing Li South China Sea Brunei General Li Shangfu Philip Glamann Fran Wang
Source: yahoo.com

Xi Is Delegating More Authority in China to His Trusted No. 2

(Bloomberg) -- Chinese President Xi Jinping spent his first decade in office accumulating power at the expense of the Communist Party’s No. 2 official. Now that he’s installed a trusted loyalist as premier, China’s most powerful leader since Mao Zedong is getting more comfortable delegating authority.Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaHamas Releases 12 Hosta...
South Africa United States Tom Hancock Fran Wang Li Keqiang Mao Zedong
Source: yahoo.com

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Asia Factories Grapple With High Costs Amid Israel-Hamas War

(Bloomberg) -- Manufacturing activity in Asia slumped again in October as conflict in the Middle East drove oil prices higher, costs rose and global demand remained under pressure. Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Blinken Returning to Israel; Refugee Camp HitZillow Plunges After Verdict on Real Estate Brokerage CommissionsSaudi Forces on Alert After Clash With Iran-Backed HouthisSony’s Bungie Game Unit Cut 8% of Staff After &#...
Chang Shu South Korea South Korean Usamah Bhatti Bloomberg Businessweek Eric Zhu
Source: yahoo.com

China Vows Enduring Local Debt Cleanup at Key Policy Meeting

(Bloomberg) -- China vowed to set up a long-term mechanism to resolve debt risks tied to local authorities and signaled willingness to expand central government borrowing as it concluded a twice-a-decade policy meeting.Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Blinken Returning to Israel; Refugee Camp HitZillow Plunges After Verdict on Real Estate Brokerage CommissionsSaudi Forces on Alert After Clash With Iran-Backed HouthisSony’s Bun...
Hong Kong Chang Shu Inner Mongolia Nei Mongol Rebecca Choong Wilkins Tania Chen
Source: yahoo.com

Asia factories grapple with high costs amid Israel-Hamas war • BusinessMirror

Manufacturing activity in Asia slumped again in October as conflict in the Middle East drove oil prices higher, costs rose and global demand remained under pressure. Most countries across the region reported pressures from cost inflation, shrinking output and new orders, according to manufacturing purchasing managersโ€™ indexes published Wednesday by S&P Global and au Jibun
Chang Shu South Korea South Korean Eric Zhu Fran Wang Usamah Bhatti

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