City Beijing Financial News

bond yields across the euro area rose sharply on Monday as benchmark U.S. 10-year Treasury yields climbed to fresh 15-year highs on a view that interest rates will remain higher for longer than initially anticipated. That eclipsed some soft German data and demand for safe-haven assets due to concerns about China's economy. Bond prices move inversely with yields. The 10-year U.S.

BRICS group of countries starts on Tuesday in South Africa, the only add-on member of what began as a quartet of Brazil, Russia, India and China, which formed the original ‘BRIC’ coined by Goldman Sachs two decades ago by clubbing together hot emerging markets for global investors to bet on. Such summitry has been a regular feature since 2009, and its most notable achievement has been the Shanghai-based New Development Bank set up by the group as a multilateral lender, an alternative to the West-led World Bank and International Monetary Fund. What’s new is the context: a geopolitical upheaval is underway in the post-Ukraine-war world.

An American research firm has been fined $1.5 million by China’s government in a crackdown on information-gathering that has rattled foreign investors

Investing.com — Oil prices rose Monday, helped by another rate cut from China, the world’s largest crude importer, as well as the prospect of tighter supplies.

Investing.com -- Stock futures inch into the green, hinting at an early rebound for equities following a losing week on Wall Street. Video conferencing group Zoom is due to report its latest quarterly earnings on Monday, while semiconductor giant Nvidia is on deck to unveil results on Wednesday. Elsewhere, China rolls out a new lending rate cut, but policymakers still face calls to do more to support the country's sputtering economic recovery.

Investing.com — U.S. stock futures rose Monday, rebounding after a negative week with investors looking for guidance from the Federal Reserve’s annual get-together at Jackson Hole.

Global stock markets are higher as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation

stopped publishing them altogether. Higher education is no longer a reliable ladder to a solid career. Our calculations show that in 2021 over 70% of those unemployed youngsters were graduates.

Asian stocks are mixed as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation

BEIJING — Chinese financial regulators at a central and regional government level held a video conference Friday to discuss the resolution of financial risks, according to a readout Sunday from the People's Bank of China.

Asian markets stumbled on Monday after China delivered a smaller cut to lending rates than markets had counted on, continuing Beijing's run of disappointing stimulus steps. China's central bank trimmed its one-year lending rate by 10 basis points and left its five-year rate unmoved, a surprise to analysts who had expected cuts of 15 basis points to both. Disappointment at the meagre move saw Chinese blue chips ease 0.3%, while the Australian dollar took a dip as a liquid proxy for China risk.

BRICS group of major emerging economies - Brazil, Russia, India, China and South Africa - in South Africa this week, where Chinese President Xi Jinping will attend. But whatever Xi says will likely be more political in nature. The assurances investors want from Chinese officials probably center more on monetary and fiscal policy.

Taiwan's Vice President William Lai said election next year is a choice between democracy and autocracy, the Vice President added after China carried out military drills around the island in anger at his visit this month to the United States. Vice President William Lai, the front-runner in polls to be Taiwan's next president at elections in January, made brief stopovers in the US, prompting fury in Beijing, which views him as a dangerous separatist given China's territorial claims over the island. The Defence ministry of Taiwan's said Sunday morning that in the past 24 hours 25 Chinese air force planes had crossed the Taiwan Strait's median line, which had served as an unofficial barrier between the two sides until Chinese military aircraft began regularly crossing it a year ago.

who has travelled to Ladakh to pay tributes to his father and former prime minister Rajiv Gandhi on his birth anniversary, said PM Narendra Modi’s assertion that China has not claimed a single inch of the Indian territory was not true. The people of Ladakh are concerned about their grazing land "taken over by the Chinese Army", Rahul Gandhi said.

The BJP on Sunday condemned Congress leader Rahul Gandhi’s claim that China has grabbed grazing land in Ladakh, alleging he was defaming India by making statements like Beijing’s “propaganda machinery”.

asserted somewhat prematurely that the Chinese economic miracle was drawing to a close. The National Bureau of Statistics had started publishing the monthly youth unemployment rate in 2018 to align itself with international standards. But experts have pointed out that it may have been underestimating the actual youth joblessness rate.

job in her chosen field of market research despite sending out thousands of CVs to Chinese employers. The months-long search has taken an emotional toll on the 23-year-old, who had ironically conducted a survey on jobseeking anxiety as part of her university studies. «After graduating, I've found that the pressure is really huge,» she told AFP at a recruitment fair in Beijing this weekend, declining to provide her full name for fear of repercussions.

Taiwan's election next year is a choice between democracy and autocracy, Vice President William Lai said in comments broadcast after China carried out military drills around the island in anger at his visit this month to the United States. Lai, the front-runner in polls to be Taiwan's next president at elections in January, made brief stopovers in the United States this month on his way to and from Paraguay, prompting fury in Beijing, which views him as a dangerous separatist given China's territorial claims over the island. Taiwan's defence ministry said on Sunday morning that in the past 24 hours 25 Chinese air force planes had crossed the Taiwan Strait's median line, which previously served as an unofficial barrier between the two sides.

A giant Chinese real estate developer that is struggling to avoid defaulting on $340 billion in debt says it is asking a U.S. court to approve a restructuring plan for foreign bondholders and denied what it said were news reports suggesting it filed fo...

BEIJING — Winking, grimacing or nodding their heads, robots mimicked the expressions of visitors at a robot expo in Beijing.

Chinese leader Xi Jinping has called for measures to mitigate the effects of this year’s disastrous flooding which has left scores dead and inflicted massive damage on crops, homes and infrastructure, including in and around Beijing