China

China’s outbound direct investment surges to $47.41 billion in first 4 months of 2024

This represents an 18.7 percent increase compared to the same period last year

Gold prices eye largest weekly drop in 8 months

Chinese reserve buying remains a significant tailwind, driving demand and supporting gold prices

Clean tech manufacturing investments reach $200 billion in 2023, up 70 percent: Report

China accounted for three-quarters of the total investments in this field, according to the report

China’s fiscal revenue down 2.7 percent in first four months of 2024, expenditure up 3.5 percent

For April alone, fiscal revenue fell 3.7 percent against a 2.4 percent decline in March

Gold prices decline from record high on stronger dollar

The dollar index rose 0.1 percent, making greenback-priced bullion less attractive to holders of other currencies

Gold prices hit record high of $2,440.49 on interest rate cut bets

The dollar index maintained its downward trend, declining 0.03 percent on Monday

Saudi Arabia, China ink two key deals to boost Kingdom’s housing sector

Agreements to develop and raise the quality of residential projects across the Kingdom

China’s LNG imports forecast to surpass 79 million tons in 2024, PetroChina official says

China shipped nearly 20 million tons of LNG already in the first quarter of 2023

Gold prices down ahead of U.S. consumer, producer data

U.S. employment data supported gold prices, which rose over 2 percent by the end of last week

Gold prices rise as traders await rate cut cues, key economic data

China's central bank marked its 18th consecutive month of gold purchases in April

Gold prices rise despite strong dollar, weak U.S. jobs data

Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September

Gold prices dip as hope for early rate cuts diminishes

Gold could capitalize on potential downturns in U.S. macroeconomic data in the coming quarters

China’s employment stability, social security fund growth in Q1 reflect economic resilience

3.03 million new urban employment opportunities reflect China's improving economic landscape

Asia is the region most impacted by climate disasters: WMO

79 water-related climate disasters impacted Asia last year

IEA forecasts strong growth in electric car sales to 17 million in 2024

The IEA expects China to account for 10 million electric vehicle sales this year

China leaves benchmark lending rates unchanged in line with market expectations

The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent

China’s state fund invests over $41 billion into stock market in Q1: Report

Investments aimed at bolstering the stable operation of China's capital markets

UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation

This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019

China’s marine fuel oil exports plunge 32 percent YoY to 1.32 million tons in March

The exports are primarily driven by sales from bonded storage for vessels operating on international routes

Egypt’s SCZONE attracts 128 projects worth over $3 billion, Chinese firms contribute 40 percent

SCZONE inked 14 agreements with major Chinese companies to boost investment

IMF’s Georgieva urges China to address economic slowdown, enhance productivity

The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies

China’s fiscal stimulus shifts focus amid effectiveness concerns: S&P report

Fiscal stimulus in China aims to buy time for the implementation of longer-term policies

Japan’s business confidence drops as yen weakens to 34-year low

Manufacturing, services sectors dampen amidst growing economic challenges