Stay updated with breaking news from Alex Loo. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The local currency rose to a nine-day peak on hopes the US Federal Reserve is done raising rates. Investors await a speech by Fed chief Jerome Powell on the outlook.
China’s economic slowdown is now spreading through the region as trade with major Asian trading partners plunged in July.
HONG KONG: China’s yuan firmed on Thursday, buoyed by the central bank’s move to relax a cross-border financing rule...
That largesse fell precipitously over the past three years as the country essentially closed its borders. But, as China prepares to reopen on Sunday, millions of tourists are poised to return to the world stage, raising hopes of a rebound for the global hospitality industry, CNN reported.Alth
In the years before the Covid-19 pandemic, China was the worlds most important source of international travelers -- its 155 million tourists spent more than a quarter of a trillion dollars beyond its borders in 2019, the media reported.That ...