Chinese housing prices rose 7.9% year on year in July, recording the fastest increase since February 2014. Home prices in Shenzhen and Xiamen soared the most, up around 40% each. Separately, Moody’s raised its forecasts […]
The world’s biggest manufacturer of personal computers, China’s Lenovo Group, reported that profit shot up 64%, to $173 million, for the quarter ended in June, outstripping the $130.1 million average of forecasts by analysts Reuters […]
Singapore posted a surprisingly sharp 10.6% drop in non-oil domestic exports for July amid a steep falloff in shipments to China and the US. The figures add to disappointing data and fears of an economic […]
The People’s Bank of China said in its monetary policy report that it isn’t planning any additional monetary easing. The central bank rejected the idea of lowering its bank required reserve ratio, saying that would […]
Commercial banks saw annualized profit growth of 3.17% in the first half of 2016, a slowdown from recent gains, according to the China Banking Regulatory Commission. Assets were up 15.7% from a year before, and […]
“Pokemon Go” has passed the $200 million in global revenue milestone in the first 30 days following its launch, data from a Sensor Tower report indicate. Revenue is driven largely by in-app purchases and is […]
Xiaomi has joined the virtual reality landgrab with a cheap smartphone-based headset which will be compatible with devices from 4.7-inch to 5.7-inch in size. More than 1M consumers have already signed up to trial the […]
HSBC posted a sharp 29% drop in first-half profit from a year before, citing a decline in activity, “spikes of uncertainty” associated with China’s slowing economy and questions arising from Brexit. The bank plans a […]
China’s industrial sector shifted to contraction in July as a surprise slowdown in factory activity hit small and midsize companies. The official purchasing manager’s index reached 49.9, down from 50 in June, on a scale […]
The global economy is likely to suffer from an extended period of “stubbornly weak growth” if the Group of 20 nations fail to back broad-based policies to reinvigorate growth and contain risk, the International Monetary […]
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