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Retailer Temu’s parent company sees stocks crash in latest warning over struggling Chinese economy
The company’s market value dropped by some USD 55 bn in one day following the release of its 2Q results
Investors lose access to key data as China stops sharing daily flows
China is expected to see its first annual outflow from its bourse since 2016
Multinationals face leaner times as China’s growth slows
Consumer confidence remains low amid job and real estate markets that still have not recovered from the covid-19 pandemic
UAE, China boost economic ties in the energy sector
The two countries will boost cooperation in oil and gas exploration and low-carbon projects
“Long India, short China” may get a boost when MSCI rebalances its emerging markets index next month
Plus: Asian markets tracked Wall Street down after yesterday’s Big Tech selldown
Adnoc, Borouge to develop polyolefins complex in China
The consortium will set up a JV with Chinese Wanrong New Materials
Adnoc L&S + Wanhua Chemical Group JV AW Shipping places a USD 1.9 bn order for alternative fuel carriers
he move looks to boost Andoc’s capacity to transport lower-carbon energy sourceS
President discusses Ethiopian mediation with Sudan’s Burhan
The UAE is willing to send troops to Gaza in an international mission
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