China Financial News

11.08 / 08:44

UPS BLOCK SPY Huawei reports us sanctions Chinese tech giant Huawei reports sales, profit up despite US sanctions

Chinese tech giant Huawei says its revenue rose 3% over a year earlier and its profit margin widened in the first half of 2023 despite sanctions that limit its access to U.S. processor chips

11.08 / 08:43

FIVE BLOCK Citizens country A global law firm separates from its Chinese partner, citing cybersecurity and data rules

One of the world’s biggest law firms says it is separating from the Chinese firm that was part of its global network for eight years, citing changes in cybersecurity and other rules that have rattled foreign companies

11.08 / 07:49

UPS FIVE Action Boeing show Take Five: Are we there yet?

(Reuters) — As the world's central banks near the end of what has felt like a relentless string of interest rate rises, investors are taking a close look at how consumers and businesses are dealing with some of the tightest credit conditions in over a decade.

11.08 / 07:45

UPS Waters Extreme country China rains death toll rises to 78 as new storm approaches

death toll from record-breaking rains across northern China rose to at least 78 on Friday, as authorities warned of more flooding and another storm approached the country. Deaths from flooding in Hebei province rose to 29, state media reported Friday, after Storm Doksuri, which hit mainland China as a typhoon two weeks ago, brought on the most severe rainfall since records began 140 years ago. Rescuers have continued to search for people swept away by the floods, as another storm, Khanun, approaches over the weekend.

11.08 / 06:25

Nepal MP arrested for purchasing fake degree from Bihar to study in China

Police have arrested an MP from Nepal who purchased fake degrees from Bihar and used it to pursue higher education in China. In a report by the Hindustan Times, Nepal lawmaker Sunil Kumar Sharma has been arrested on charges of forging educational certificates. He reportedly bought a higher secondary academic degree from Bihar and used it to pursue higher studies in China.

11.08 / 05:39

COST UPS Strategy country cover NOT Joe Biden’s China strategy is not working

Joe Biden unveiled his latest weapon in America’s economic war with China. New rules will police investments made abroad by the private sector, and those into the most sensitive technologies in China will be banned. The use of such curbs by the world’s strongest champion of capitalism is the latest sign of the profound shift in America’s economic policy as it contends with the rise of an increasingly assertive and threatening rival.

11.08 / 05:13

Lowe's show country Asia FX weakens amid China fears, dollar strong after CPI

Investing.com-- Most Asian currencies fell on Friday amid persistent fears of an economic slowdown in China, while the dollar firmed after data showed that U.S. consumer inflation grew as expected in July.

11.08 / 05:13

UPS Target Waters show country Oil prices Oil prices tread water between OPEC optimism, CPI aftermath

Investing.com — Oil prices were flat on Friday, coming under pressure from a stronger dollar after U.S. inflation grew as expected in July, while the OPEC group maintained a positive outlook for global demand.

11.08 / 05:13

UPS Provident COMPOSITE show country Asian stocks Asian stocks slide on China jitters, U.S. CPI offers little cheer

Investing.com-- Most Asian stocks sank on Friday, with Chinese shares leading losses on persistent concerns over the property market, while data showing a rise in U.S. inflation did little to improve sentiment.

11.08 / 05:13

UPS Citi Lowe's country Low Country Garden shares hit record low on loss forecast, restructuring fears

By Clare Jim

11.08 / 05:13

UPS Lowe's show country Marketmind: Bonds droop as inflation cheer fades

A look at the day ahead in European and global markets from Tom Westbrook

11.08 / 04:19

UPS Digital Software show cover exclusive Executive executive order What Biden's executive order means for U.S. investors in China

BEIJING — The Biden administration's long-awaited executive order on U.S. investments in Chinese companies leaves open plenty of questions on how it will be implemented.

11.08 / 04:13

country folk US President Time China is a ‘ticking time bomb’: US President Joe Biden says, here's why

US President Joe Biden has expressed concern regarding China, and called the country a "ticking time bomb". According to Biden, China's demographic and economic problems could be a threat to the rest of the world. At a political fundraiser, Biden said, "China is in trouble" because growth has slowed and the number of people in retirement age outnumber those of working age.

11.08 / 04:13

Waves Twitter Manufacturing CEO Samsung Xiaomi Xiaomi Mi Mix Fold 3 launch date confirmed. Here's what we know so far

Chinese smartphone manufacturer, has made an announcement on X regarding the official launch date of the Mi Mix Fold 3 foldable smartphone. This highly anticipated device is set to follow in the footsteps of its predecessor. In addition to this innovative foldable smartphone, there are speculations that the company might unveil the Xiaomi Pad 6 Max tablet and the Redmi K60 Ultra smartphone during the same event.

11.08 / 04:11

UPS Strategy show country Oil prices Oil prices flat as investors weigh China data against OPEC optimism

By Stephanie Kelly and Andrew Hayley

11.08 / 02:51

UPS show country Oil prices Oil prices tick higher on OPEC demand optimism

Oil prices edged higher on Friday on optimism from the OPEC producer group that oil demand will be robust in 2024 as it also nudged up its expectations for global economic growth. Brent crude rose 7 cents to settle at $86.47 a barrel at 0017 GMT, while U.S. West Texas Intermediatecrude futures gained 12 cents at $82.94 a barrel.

11.08 / 02:37

UPS JPMorgan Celebrity beautiful cover China's economic shocks have thrown the world off balance

buoyant conditions spreading across the globe. The world was said to be on the cusp of an unusually synchronized expansion. Few people still spoke of a jobless recovery in America, and China, after some rare stumbles, appeared to be returning to its old robust self.

11.08 / 02:37

Provident Microsoft Platform SPY Cyber Microsoft's role in data breach part of US cyber inquiry

cybersecurity advisory panel will investigate risks in cloud computing that will also include Microsoft Corp's role in the recent breach of government department email systems by suspected Chinese hackers, Bloomberg News reported on Thursday. The Cyber Safety Review Board (CSRB) will focus on risks to cloud computing infrastructure, including identity and authentication management, and will look at all relevant cloud service providers, the report said, citing people familiar with the matter.

11.08 / 02:37

UPS Moodys track country China's Country Garden flags H1 net loss, vows to address liquidity concerns

Country Garden expects to report a net loss for the first half of 2023 and said it would take measures to meet its debt obligations and fix operational issues to get the company back on track, it said on Thursday. The company said it has set up a special task force, headed by its chairman Yang Huiyan, to find ways to improve its operations at a time when the Chinese property sector grapples with a liquidity crunch. «One shall pick himself up from where he has fallen.

11.08 / 02:25

Reuters Chase show country Inside global economy China slides into deflation in potentially worrying sign for global economy

Former JPMorgan Chase chief economist Anthony Chan discusses how China's 'suffering' economy impacts global markets on 'Varney & Co.'

11.08 / 02:16

COST BLOCK ETF Chinese bourses improve trading mechanism to revive stock market

HONG KONG (Reuters) — Shanghai and Shenzhen stock exchanges said late Thursday they would study measures to lower investors' trading costs and improve liquidity to further stimulate the market.

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