China Financial News

15.08 / 13:37

UPS Siemens Manufacturing Landmark country Solar Siemens to make solar energy equipment for US market in Wisconsin

(Reuters) — German conglomerate Siemens (ETR:SIEGn) said on Tuesday it will start producing solar energy equipment in the United States in 2024 through a contract manufacturer in Wisconsin.

15.08 / 13:37

COST Manufacturing Tesla Tencent NVIDIA fall Home Depot, Tesla, Tencent Music fall premarket; Nvidia, DR Horton rise

Investing.com — U.S. futures fell Tuesday, ahead of the release of key retail sales data, while weak Chinese economic data raised concerns about slowing global growth.

15.08 / 13:37

COST UPS Reuters show US import prices rebound in July, trend remains soft

WASHINGTON (Reuters) — U.S. import prices rebounded more than expected in July amid higher costs for petroleum products and food, but underlying imported inflation pressures remained muted.

15.08 / 13:29

Law regulation European Union China’s new AI regulations begin to take effect

China’s provisional guidelines for artificial intelligence (AI) activity and management in the country are scheduled to come into effect on Aug. 15.

15.08 / 13:29

UPS Waves Ripple Aware Matthews country Analysis-China trust deficit: crisis spurs shadow banking policy response calls

By Summer Zhen and Laura Matthews

15.08 / 12:57

Manufacturing Pool DISH country Singapore allows restaurants to hire cooks from India to combat manpower shortage

Singapore has added cooks from India to its list of permissible hires, widening its recruitment pool for certain job positions in the services and manufacturing sectors. Traditionally, employers in Singapore's services and manufacturing sectors have primarily sourced work permit holders from China, Malaysia, Hong Kong, Macau, South Korea, and Taiwan. The Ministry of Manpower has recently unveiled the application process for cooks in Indian restaurants in the city-state.

15.08 / 12:41

COST UPS Action Strategy Apple Q2 13Fs: Hedge Funds Buy Up AI Hype While Burry Goes Full Bear; Buffett Rebalances

13F reports for Q2 are out, bringing more clarity on what the biggest funds and investment companies in the market bought and sold during the 3-month period spanning from May to June, which encompassed a roughly 9% rise in the S&P 500.

15.08 / 12:41

Law regulation Mining service provider faces $100M lawsuit over pyramid scheme allegations in China

Five executives from a Filecoin mining service are facing a lawsuit at the People's Court of Pingan County in China, over allegations that they pilfered millions of dollars and left investors in ruin.

15.08 / 12:09

UPS Dreams show country Oil dips as China data sours sentiment

By Natalie Grover

15.08 / 12:09

UPS Man NASDAQ Tesla performer EV maker VinFast's shares rise in premarket trade before Nasdaq debut

By Phuong Nguyen and Francesco Guarascio

15.08 / 12:09

UPS Provident Lowe's show Low Rate Cut Yuan falls to 9-month low after China rate cut, sterling rises after jobs data

By Joice Alves and Samuel Indyk

15.08 / 12:01

Citi Waters Highways Subway Warning Vast swath of northeastern China threatened by flooding as rivers rise above warning levels

northeastern China is threatened by flooding as at least 90 rivers have risen above warning levels and 24 have already overflowed their banks, state media reported Tuesday. Crews are standing by to defend homes and farmland across the Songliao Basin north of Beijing, which encompasses more than 1.2 million square km (482,200 square miles). The area includes parts of four provinces and several major cities with a total population of almost 100 million.

15.08 / 12:01

Platform Entertainment Tencent ByteDance social Tencent Music's quarterly revenue rises as more Chinese users pay for music

China's Tencent Music Entertainment Group said on Tuesday second-quarter revenue rose 5.5% from a year ago, driven by growth in paying users on its Spotify-like music streaming platform and a recovery in the advertising market. Total revenue of the company, controlled by Chinese tech giant Tencent Holdings Ltd, stood at 7.29 billion yuan ($1.00 billion) in the quarter ended June 30, in line with Wall Street estimates, according to Refinitiv data.

15.08 / 11:51

Lowe's HSBC Danone show country Sweden, UK lead European shares lower amid rate-hike fears

By Shashwat Chauhan

15.08 / 11:51

Lowe's Reuters Strategy MSCI show country week Global stocks stuck near 5-week lows, China cuts rates

By Dhara Ranasinghe

15.08 / 11:51

UPS NASDAQ DOW show U.S. retail sales, Home Depot, China and Russia rate calls - what's moving markets

Investing.com — Wall Street heads lower ahead of the release of key retail sales data as well as results from home improvement retailer Home Depot. China cuts interest rates to help its economic recovery, Russia hikes to support the ruble, while Japan’s economy bounces back to life.

15.08 / 11:51

COST UPS CEO Strategy Tesla show Tesla launches cheaper Model S, X versions in US with shorter ranges

By Mrinmay Dey and Akash Sriram

15.08 / 11:33

Target BURST social How much worse can China's economic slowdown get?

China's economic activity data for July, including retail sales, industrial output and investment failed to match expectations, fuelling concern over a deeper, longer-lasting slowdown in growth.THE DEMISE OF CHINA'S GROWTH HAS BEEN MISTAKENLY FORECAST BEFORE. IS THIS TIME DIFFERENT? Activity data has been missing forecasts since the beginning of the second quarter, with the weakness raising worries that China's economy is coming closer to a crunch point.

15.08 / 11:33

COST UPS country Silver China economic woes may offer a silver lining to global markets

Falling prices in the world’s second-largest economy are likely to translate into lower costs across the globe given China’s status as the factory of the world, according to EdenTree Investment Management and Gama Asset Management SA. Easing inflation will allow central banks to refrain from further interest-rate hikes, and possibly pivot to an easing, to shore up slowing growth.

15.08 / 11:33

COST Fallout show country Latin Emerging markets crave big bang stimulus with losses growing

China’s yuan extended its losses for a fourth day and erased all of its post-reopening gains even after authorities cut a key interest rate and began considering a stamp-duty reduction for stock trades. But data releases offered further evidence of a failed economic recovery, leaving investors craving for a big bazooka of stimulus rather than half-hearted darts thrown in the dark. Russia witnessed the same reactions.

15.08 / 11:13