ECONOMY OF CHINA
Facebook sues Chinese company over ad fraud
Facebook blamed ILikeAd Media International Company and two individuals associated with the company — Chen Xiao Cong and Huang Tao — for the fraud. The defendants deceived people into installing malware available on the Internet. This malware then enabled the defendants to compromise people’s Facebook accounts and run deceptive ads promoting items.
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Gold dips on upbeat dollar, positive China data
US gold futures dropped 0.4 per cent to $1,467.30.
The 6-0 unanimity shock that foxed financial markets
The unanimity reflects that MPC is more wedded to its mandate of keeping inflation at 4%.
China solar exports hit 58 GW in first three quarters of 2019, foreign earnings for firms set to rise 25%
Beijing said in May last year it would wind down subsidies to the nation's solar industry to reflect rapidly declining construction and generation costs. It also sought to tackle a spiralling payment backlog amounting to more than 100 billion yuan ($14.2 billion).
Government plans to invest $1.39 trillion in infrastructure to spur economy
India's economic growth slowed to 4.5% in the July-September quarter - its weakest pace since 2013.
FM's remarks on economy disappointing in extreme: Yashwant Sinha
Yashwant Sinha said the root cause of the current economic crisis is "death of demand" in the country. He alleged that the government ignored the agriculture distress in the country. Sinha also raised questions over the data for calculating GDP numbers. He added that companies after companies are facing bankruptcy and the govt has stated that it would have to close Air India.
The world’s largest selling spirit baijiu now in India
About 1.2 billion cases of baijiu, a heritage white spirit from China made with sorghum at an ABV (alcohol by volume) of about 40%, are sold each year globally making it the world’s top selling spirit followed by whisky. While the global baijiu market was valued at about US$ 110 billion, the global whiskey market at US$ 56.7 billion in 2018.
Report claims ByteDance links with China’s ‘Party-state’ establishment
The findings of this report come close on the heels of TikTok suspending an American teen, Feroza Aziz, from its platform for posting a video which slammed China’s treatment of Uighur Muslims. That video would go viral on other digital platforms like Twitter, before Aziz’s account was reinstated.
China stocks inch up; trade worries offset upbeat factory data cheer
The blue-chip CSI300 index rose 0.2 per cent, to 3,836.06.
US gains a robust 266,000 jobs; unemployment falls to 3.5%
The healthy job gain runs against a widespread view that businesses are struggling to find workers with unemployment so low. Persistent hiring should help keep consumers spending - a key engine of growth as businesses have cut their investment spending and exports have stalled.
Japan shares rally as strong China data ease growth concerns
Nikkei ended up 1.01 per cent at 23,529.50, led by gains in the consumer discretionary sector.
ET Awards 2019: Government responded in time to developments in September quarter, says Sitharaman
The September quarter saw growth slip to a six-year low of 4.5 per cent.
EMs may need more boost than surprise China output recoup
A Bloomberg Barclays index of local-currency bonds fell for a fourth straight week.
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