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News
China's foreign exchange regulator urges banks to promote currency hedging
12+ min ago (360+ words) SAFE and PBOC push banks to raise corporate hedging ratios to 40% as yuan volatility reshapes risk management across China's trade sector China’s foreign exchange watchdog is quietly leaning on banks to get their corporate clients to hedge more aggressively against…...
New priorities for China's fiscal policy
2+ hour, 15+ min ago (864+ words) A recent news conference held by the State Council Information Office provided an important indication of how China's fiscal policy will develop during the 15th Five-Year Plan period (2026-30). While reviewing the results achieved in recent years, Ministry of Finance officials also…...
China's economy enters critical phase for year-end stimulus
1+ hour, 41+ min ago (328+ words) Beijing is threading the needle between targeted fiscal support and avoiding a debt-fueled spending spree as domestic consumption stays stubbornly weak China’s economy is pulling off a strange magic trick. Exports are surging, trade surpluses are ballooning, and GDP growth…...
RMB internationalization 2.0: Where business flows, ecosystem grows
2+ hour, 6+ min ago (747+ words) Renminbi internationalization is entering what I would call its 2.0 window. The question is no longer simply whether the RMB appears in more cross-border transactions, but whether companies and investors are using it as a full-fledged international currency — to hold, hedge,…...
Alawuba: Improvement in Economic indicators Point to Nigeria???s Stabilisation Journey
2+ hour, 51+ min ago (602+ words) Group Managing Director of United Bank for Africa (UBA) and Chairman of the Body of Bank CEOs in Nigeria, Oliver Alawuba, has said the improvement in key economic indicators points to Nigeria’s gradual stabilisation, even as he called for deliberate…...
China retailers spruce up stores as price wars persist
3+ hour, 52+ min ago (817+ words) The market will probably stay muted in the next three years. China's retail market remains trapped in weak demand and price competition despite government efforts to make stores destinations for leisure, entertainment, and social activities, analysts said. “I don't think…...
ECB lifts borrowing costs amid energy shock
5+ hour, 20+ min ago (585+ words) The European Central Bank raised interest rates Thursday for the second time this year as renewed Middle East fighting fans fears of higher inflation, and opened the door for further hikes. As widely anticipated, the central bank for the 21 eurozone…...
German steel output slips as weak demand interrupts recovery - EUROMETAL
6+ hour, 39+ min ago (321+ words) German crude steel production fell year on year for the first time in 2026 during July as persistently weak demand interrupted the sector’s recovery, steel industry association Wirtschaftsvereinigung Stahl said Sept. 9. Crude steel output totaled 2.68 million metric tons in July, down…...
How Do AI and Robotics Help Reshape the Future of Africa???s Textile Industry?
7+ hour, 25+ min ago (330+ words) Artificial intelligence and robotics are reshaping Africa’s textile industry, offering manufacturers new ways to increase productivity, move into higher-value production and compete in global supply chains, according to a report by African Business. The report said textiles have traditionally provided…...
Crisis-ready means moving up the value chain | Business World Philippines - newspaper - Read this story on Magzter.com
7+ hour, 44+ min ago (431+ words) To turn disruption into opportunity, the Philippines must link investment, skills, labor governance and social protection NICKEL will help power the global energy transition. This is not only a mining story. It reflects a wider choice for the economy. The…...