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VW, Xpeng team up to develop affordable EVs for China
Volkswagen (VW) announced a collaboration with Chinese electric carmaker Xpeng to develop a new electrical…
China’s yuan edges up slightly against US dollar
The Chinese yuan saw a small gain against the US dollar on Wednesday, Xinhua reported. The central parity rate, a…
China injects $28.16b early boost to ’24 investment plans
China is ramping up its economic stimulus by allocating over 200 billion yuan ($28.16 billion) early this year,…
US mortgage applications hike – MBA Weekly Survey
The US Market Composite Index, which measures mortgage loan application volume, rose by 3.3 per cent on a…
IMF board passes amendment to grant more freedom to assist countries in crisis
The International Monetary Fund's (IMF) Board has approved a significant amendment aimed at granting it greater…
Japan exports surge 7.3% in March
Japan's exports rose 7.3 per cent year-on-year in March, marking the fourth consecutive month of growth.
Turkey to step up medium-term economic programme – Erdogan
Turkey will bolster its medium-term economic programme (MTP) with a three-pronged strategy: enhancing public…
Russia’s ’24 GDP growth forecast may rise following robust start
Russia’s Economic Development Ministry will soon complete its macroeconomic forecast scenarios, most likely to…
Japan narrows trade deficit to $38b in March
Japan recorded a trade deficit for the third consecutive year ending in March stood at 5.89 trillion yen ($38…
Yen sinks, dollar up on Fed remarks
The US dollar edged lower on Wednesday, while the Japanese yen hovering near its weakest level in 34 years at…