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…
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China
SCZONE attracts $894m in investments, 40% from China in 3 months
The General Authority of Suez Canal Economic Zone (SCZONE) has successfully attracted about $894 million in…
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…
IMF lifts global growth forecast to 3.2% in ’24
The International Monetary Fund (IMF) revised on Tuesday the growth forecast upwards to 3.2, reflecting a 0.1…
Honda unveils new EV brand in China by ’27
Honda Motor outlined an ambitious plan to launch six next-generation EVs under the new "Ye" brand by 2027 in China,…
Asia hedge funds surge in Q1
Asia-focused hedge funds kicked off 2024 with a strong performance, capitalising on several key trends during the…
Tesla global job cuts reach US, China
Tesla confirmed a major global workforce reduction, impacting employees in sales, technology, and engineering…
China posts solid Q1 growth at 5.3%
China's economy delivered a stronger-than-expected performance in the first quarter of 2024, growing 5.3 per cent…
Eurozone records yearly trade surplus spike in Feb
The trade surplus of the eurozone experienced a significant increase year-on-year in February, driven by a…
Oil surges on Tuesday’s opening
Oil surged on Tuesday as China's economy outpaced expectations and tensions escalated in the Middle East.
