Washington: Days of China investing in Pakistan is now a thing of the past, a senior administration official has told the lawmakers noting that the United States is the future. “China is the past in terms of investments in Pakistan, we are the future,” Assistant Secretary of State for South and Central Asia Donald Lu … Read more
In this picture issued by the Hungarian Prime Minister’s Press Office, Hungarian Prime Minister Viktor Orban, left, and Chinese President Xi Jinping shake hands before a meeting in Beijing, China, on July 8, 2024. | Photo Credit: AP Chinese President Xi Jinping called on world powers to help Russia and Ukraine resume direct dialogue and … Read more
Sri Lanka has decided to lift from next year a ban on the visit of foreign research ships imposed after strong security concerns raised by India and the US following frequent docking requests from hi-tech Chinese surveillance vessels, the Japanese media reported. The change in position was conveyed by visiting Sri Lankan Foreign Minister Ali … Read more
China‘s central bank refrained from gold purchases to its reserves for a second consecutive month in June, official data showed on Sunday. The pause by the People’s Bank of China (PBOC) started in May, when spot gold prices hit a record high. The previous 18 months of consistent buying by the PBOC, along with demand … Read more
The Philippine government accused Chinese ships of ramming and damaging their boats in the South China Sea during a confrontation in waters off the Second Thomas Shoal, home to a garrison of Filipino troops. | Photo Credit: AFP A Chinese vessel and a Philippine supply ship collided near the disputed Spratly Islands in the South … Read more
Buoyed by rate cut expectations after the Bank of Canada and the European Central Bank (ECB) cut rates earlier this week, spot gold rose to $2,387 on Friday, the highest level since May 22. However, the metal crashed on a robust US nonfarm payroll report. Spot gold closed with a loss of 3.49% at $2,294 … Read more
With FIIs having already withdrawn around Rs 15,000 crore in the last four days from India amid election related uncertainties, Dalal Street is worried if a lower-than-expected mandate to Prime Minister Narendra Modi will accelerate the pace of outflow in the coming days. As a part of funds are moving towards China and out of … Read more
New Delhi: India and Vietnam are gaining the most from the China plus one strategy, which is also expected to unlock new growth opportunities for Asian economies, according to Nomura. India’s exports will likely surge to $835 billion by 2030 from $431 billion in 2023 with its large domestic market helping attract firms looking for … Read more
For the first two decades of the 21st century, many consumer products on America’s store shelves got less expensive. A wave of imports from China and other emerging economies helped push down the cost of video games, T-shirts, dining tables, home appliances and more. Those imports drove some American factories out of business, and they … Read more
Sunil Koul, Executive Director (Asia Pacific Portfolio Strategy, Global Macro Research), Goldman Sachs, says: “We have a barbell approach within the market. We have bets which we like from a more tactical value side of things, so we are overweight China A-share markets, we are overweight some of the North Asian markets which includes Japan … Read more