China consumption slows as retail sales and investment data disappoint
BEIJING — China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.…
HSBC beats expectations in first-quarter earnings; CEO Noel Quinn to retire
HSBC beat market expectations in its first-quarter earnings report Tuesday, and announced the surprise departure of Group Chief Executive Officer…
Yellen says U.S. plans to ‘underscore’ need for China to shift policy
BEIJING — U.S. Treasury Secretary Janet Yellen said Monday that future discussions between the U.S. and China will focus on Beijing’s need…
Xiaomi shares pop 16% after the Chinese smartphone maker launches its first EV
BEIJING — Shares of Chinese smartphone maker Xiaomi surged as much as 16% on Tuesday, the first trading day since…
China kicks off the year on strong note as retail, industrial data tops expectations
BEIJING — China’s economic data for the first two months of the year beat analysts’ expectations across the board on…
China’s annual parliamentary meeting has ended. Here are the key takeaways
BEIJING — China’s weeklong annual parliamentary meetings ended on Monday and for the first time in decades, the Chinese premier…
China’s central bank governor says there’s room to cut banks’ reserve requirements
BEIJING — The heads of China’s central bank and economic planning agency signaled that authorities would be willing to take…
China’s top securities regulator vows to ‘strictly’ crack down on market manipulators
BEIJING — China’s top securities regulator vowed to “strictly” crack down on market manipulators, while stating that protecting small investors…
Feds charge Japanese Yakuza leader with nuclear materials trafficking
Federal prosecutors in New York on Wednesday said they charged a Japanese Yakuza leader with conspiring to traffic nuclear materials…
HSBC posts record annual profit but misses estimates on China write-down, shares tumble 7%
HSBC‘s full-year 2023 pretax profit missed analysts’ estimates on Wednesday, hit by impairment costs linked to the lender’s stake in…
