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Against the backdrop of a trade war between the United States and China, which has an impact on the profits of American corporations, more than 70% of US companies operating in the south of China are planning to reduce investment, as well as transfer production or part of it to other countries, the results of a survey conducted by the American Chamber of Commerce in the South of China, quoted by Bloomberg, showed. 64% of the 219 companies participating in the survey declared plans to transfer production to other countries. North America as a probable production base in the future was noted only by 1% of respondents. Survey participants expressed concern about the increase in prices for the goods they produce, which negatively affects their profits.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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