Today: September 27, 2024
Today: September 27, 2024

New Chinese nuclear attack submarine sank during construction, US defense official says

China Nuclear Submarine
September 26, 2024

WASHINGTON (AP) — Satellite imagery showed that China’s newest nuclear-powered attack submarine sank alongside a pier while under construction, a senior U.S. defense official said Thursday.

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Evergrande EV unit's liquidators still in talks with potential stake buyers

Liquidators of the electric vehicle arm of debt-laden China Evergrande are still in talks with a potential buyer to take a stake in the company with a view to provide a new credit line to

Evergrande EV unit's liquidators still in talks with potential stake buyers
Asia|Business|Economy|Finance|Stock Markets

China-focused hedge fund performance juiced by stimulus, says Goldman Sachs

Hedge funds trading China stocks saw gains this week after China's central bank unveiled its biggest stimulus since the 2020 COVID pandemic, a note from Goldman

China-focused hedge fund performance juiced by stimulus, says Goldman Sachs
Asia|Business|Economy|Finance|News

China redoubles first-aid for its economy with support for banks and workers

China is redoubling its first-aid for the economy, targeting banks, workers and poor families as the ruling Communist Party prepares to mark the 75th anniversary of the founding of the People's Republic

China redoubles first-aid for its economy with support for banks and workers
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China to issue $284 billion of sovereign debt this year to help revive economy, sources say

China plans to issue special sovereign bonds worth about 2 trillion yuan ($284.43 billion) this year as part of a fresh fiscal stimulus, said two sources with knowledge of the matter,

China to issue $284 billion of sovereign debt this year to help revive economy, sources say
Asia|Business|Economy|Finance

Chinese banks in need of capital injection to give thrust to economic stimulus steps

As China steps up efforts to stabilise its economy with fresh stimulus, the country's top banks would need to be capitalised at the earliest to

Chinese banks in need of capital injection to give thrust to economic stimulus steps
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World shares advance as China ups its stimulus and Japan's Ishiba is chosen to head its ruling party

World shares advance as China ups its stimulus and Japan's Ishiba is chosen to head its ruling party
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Ex-Defense Minister Ishiba chosen to lead Japan's ruling party, setting him up to be prime minister

Ex-Defense Minister Ishiba chosen to lead Japan's ruling party, setting him up to be prime minister
Asia|Election|News|World

Myanmar junta urges armed opposition to join political fold in elections

Myanmar junta urges armed opposition to join political fold in elections