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New Business

Fitch cuts China rating on weakening finances, debt concerns, following Trump tariffs

Fitch Ratings downgraded China’s sovereign rating on concerns over weakening finances and rising public debt, just one day after the…

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New Business

China battles to stabilise yuan after Trump’s tariffs spark market upheaval

China’s central bank set the fixing rate for the yuan against the US dollar at its lowest level since January…

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New Business

DeepSeek’s growth in China surges past ByteDance’s Doubao in AI app race

The chatbot app from artificial intelligence (AI) sensation DeepSeek has overtaken Doubao, the equivalent product from TikTok parent ByteDance, as…

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New Business

Bitcoin slides below US$100,000 as Trump’s tariffs rattle markets

Cryptocurrency prices slid as the spectre of a global trade war put investors on edge and pushed them out of…

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New Business

China directs funds to stabilise stock market amid Trump tariff threats

Chinese regulators have unveiled an action plan to direct investment funds to stabilise the nation’s stock markets, amid rising tensions…

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Tech

Tech war: Beijing sets up US$1.2 billion semiconductor fund as China splurges on chips

The Beijing municipal government has set up a new semiconductor investment fund, as China ramps up support for its chip…

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New Business

Sovereign investors look to emerging markets as geopolitical tensions rise, says study

“Longer-term risks [geopolitical tension] have become more salient as inflation has fallen back towards central bank targets,” said Martin Franc,…

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