ASIA

China's factory inflation hits 17-month low, consumer prices speed up

China’s factory inflation hits 17-month low, consumer prices speed up

A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File Photo Register now for FREE unlimited access to Reuters.com Register July producer inflation at lowest since Feb 2021 July consumer inflation at 2-year high PBOC seen staying accommodative to spur growth BEIJING, Aug …

China’s factory inflation hits 17-month low, consumer prices speed up Read More »

India blocks Krafton's game on concerns over data sharing in China - source

India blocks Krafton’s game on concerns over data sharing in China – source

NEW DELHI/SEOUL, July 29 (Reuters) – India’s government blocked a popular battle-royale format game from Krafton Inc (259960.KS), a South Korean company backed by China’s Tencent (0700.HK), as it was concerned about its data sharing and mining in China, an Indian government source said. New Delhi used powers it has under India’s IT law to …

India blocks Krafton’s game on concerns over data sharing in China – source Read More »

Tesla profit tops target;  Musk sees no demand problem

Tesla profit tops target; Musk sees no demand problem

July 20 (Reuters) – Tesla Inc (TSLA.O) on Wednesday reported a smaller-than-expected drop in quarterly profit as a string of price increases on its electric vehicles (EVs) helped offset production challenges caused by COVID-19 lockdowns in China. Chief Financial Officer Zachary Kirkhorn said Tesla was still pushing to reach 50% growth in deliveries this year, …

Tesla profit tops target; Musk sees no demand problem Read More »

China's economy brakes sharply in Q2, global risks darken outlook

China’s economy brakes sharply in Q2, global risks darken outlook

China’s Q2 GDP shrinks from Q1, Y/Y growth slows sharply Widespread COVID lockdowns hammer industrial activity, demand June shows bounce in activity, but global risks darken outlook Fresh COVID flare-ups, Ukraine War, global rate hikes heap pressure Analysts expect full year GDP growth to lag govt target of 5.5% BEIJING, July 15 (Reuters) – China’s …

China’s economy brakes sharply in Q2, global risks darken outlook Read More »