Gold prices remained mostly unchanged on Tuesday, staying near a two-week high hit in the previous session, as investors awaited key U.S. inflation data, due later this week, for further insights into the Federal Reserve’s interest rate outlook. FUNDAMENTALS * Spot gold held its ground at $2,660.82 per ounce, as of 0042 GMT. U.S. gold … Read more
World leaders raced to congratulate Donald Trump on Wednesday as he triumphed in a stunning US election victory over Kamala Harris.European leaders in particular were quick to extend their best wishes and offers of cooperation, in contrast to a much cooler reaction when Trump won for the first time in 2016. China: ‘mutual respect’ Without … Read more
The high walls of industrial buildings at Volkswagen‘s assembly plant in the heart of northwest China‘s Xinjiang region extend for hundreds of yards, once a symbol of German industrial might and now a marker of Volkswagen’s business and political quagmire in China. For four decades, Volkswagen Group was the market leader in China, where drivers … Read more
Pakistan has requested an additional 10 billion yuan (USD 1.4 billion) loan from China as the cash-strapped country has already used the existing 30 billion yuan (USD 4.3 billion) Chinese trade facility, a media report said on Sunday. Finance Minister Muhammad Aurangzeb, who met with China’s Vice Minister of Finance Liao Min on the sidelines … Read more
China continues to lead in technological advancements, especially in payment systems and infrastructure. A recent Instagram video by Pakistani content creator Rana Hamza Saif showcases a new payment method in Zhuzhou that has sparked interest among internet users. The video demonstrates how palm payment technology allows registered users to make purchases effortlessly with a wave … Read more
Chinese Foreign Ministry spokesperson Lin Jian told a media briefing in Beijing that China and India have been in close communication through diplomatic and military channels on issues related to the China-India border. File | Photo Credit: Reuters China on Tuesday (October 22, 2024) confirmed that it has reached an agreement with India to end the … Read more
A tour of Xinjiang International Grand Bazaar in Urumqi | Video Credit: The Hindu The Xinjiang International Grand Bazaar in Urumqi is an extraordinary marketplace that comes alive at sunset. With its rich variety of items and a lively atmosphere, this bazaar attracts tourists from around the world. Xinjiang’s famed dried fruits, jams and honeys … Read more
Moscow: Days ahead of the BRICS Summit in his country, Russian President Vladimir Putin on Friday asserted that the grouping is not “anti-West”, but is just “non-West”, also recalling that this is member state India’s stand. Prime Minister Narendra Modi will visit Russia on October 22-23 to attend the 16th BRICS Summit in Kazan. At … Read more
When millions of Chinese flew abroad for the Golden Week holiday, not all plans involved visiting museums, high-rolling in casinos or relaxing on a beach – many ended up touring university campuses in Singapore. Chinese parents, known to go the distance to give their children the academic edge, used their vacation to size up higher … Read more
Investors and analysts are expecting China to deploy as much as 2 trillion yuan ($283 billion) in fresh fiscal stimulus as Beijing seeks to shore up the world’s No. 2 economy and boost confidence. That’s what they hope the country’s finance minister will announce at a highly anticipated briefing on Saturday, according to a majority … Read more