economic

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Emkay Global sees textile sector at an inflection point, initiates 'Buy' on 3 stks

S5

India’s textile sector is nearing an inflection point and could regain lost global market share, according to Emkay Global. The brokerage initiated coverage with ‘Buy’ ratings on Arvind, Nitin Spinners and Sanathan Textiles, citing FTAs, tariff advantages over China, a strong domestic market and growing opportunities in technical textiles.

about 1 month ago

economic

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China sees record panda bond issuance in 2026 as foreign borrowers pile in

S5

Foreign governments, international banks and multinational companies are increasingly tapping China’s domestic bond market, as panda bond issuance hit a record high in the first five months of the year. A total of 11 entities sold 14 panda bonds – yuan-denominated debt instruments issued by foreign entities in mainland China’s onshore market – worth 26.64 billion yuan (US$3.7 billion) in May, up 246 per cent from a year earlier and the highest level on record for the month, according to data...

about 1 month ago

economic

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Has a diplomatic feud prompted China to press pause on Japanese film and music?

S5

A diplomatic feud between Beijing and Tokyo appears to have spilled over to the arts, with what looks like an unofficial boycott on Japanese film, music and books. China has slapped official restrictions on tourism and trade with Japan since the row erupted in November, but so far there has been no official ban on the cultural sector. However, the Shanghai International Film Festival, which begins this Friday, does not have any Japanese films on its line-up for the first time in 20 years. It...

about 1 month ago

economic

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Tibet quartz discovery boosts China’s self-sufficiency push for hi-tech materials

S5

China has discovered a new source of high-purity quartz in its western Tibet autonomous region, potentially reducing its reliance on imports of the critical material to make solar panels and semiconductors. High-purity quartz is a gold standard manufacturing material for numerous hi-tech items, including some whose global market is dominated by China. China has relied on imports to obtain the important material, with most coming from the United States, because of a lack of domestic sources for...

about 1 month ago

economic

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Hong Kong tycoon bets China will overtake US economy ‘in next decade or so’

S5

Hong Kong property tycoon Gordon Wu Ying-sheung has predicted that China will overtake the US as the world’s largest economy in the next decade or so, propelled by rapid technological advances while Washington is weighed down by massive defence expenditure and national debt. Yet the 90-year-old founder and chairman of Hopewell Holdings, who rarely speaks to the press, said Hong Kong should look past geopolitical tensions between Beijing and Washington to build closer ties with the United States,...

about 1 month ago

economic

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Oil producers approve supply boost as Middle East tensions persist

S5

Oil producers approve supply boost as Middle East tensions persist OPEC+ has agreed to increase oil production quotas by 188,000 barrels per day in July, with ministers from Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman approving the move during a virtual meeting. In a statement, the group said the increase is intended to support oil market stability and allow members to accelerate compensation cuts amid elevated oil prices. However, analysts questioned the practical impact of the decision while disruptions continue to affect shipments through the Strait of Hormuz.

about 1 month ago