City Beijing Financial News

27.07 / 20:07

Citi MET Cooper country Presidents of Indonesia and China meet to discuss joint projects and regional politics

Indonesian President Joko Widodo has met with Chinese President Xi Jinping in southwestern China for talks about joint projects that include Indonesia’s development of a new capital

27.07 / 19:27

UPS Lowe's classical Borrowing China debt ratio hits record but pace of borrowing eases

borrowing at a slow pace, reflecting low confidence that's hitting economic growth. Total debt combining the household, corporate and government sectors climbed to 281.5% of gross domestic product in the second quarter, according to Bloomberg's calculations based on data from China's central bank and the National Bureau of Statistics. That was up from 279.7% in the first quarter.

27.07 / 07:11

Twitter Platform social Pakistan says China has rolled over $2.4 billion loan for two years

By Asif Shahzad

27.07 / 06:11

CBDC Digital Citizens country social Ruble Russian Regions Welcome Digital Ruble Developments – But When Will CBDC Debut?

Russian regions are welcoming news that the nation’s digital ruble pilot is set to officially launch on August 1, but banks and officials claim that a full CBDC rollout may not come until 2027.

27.07 / 06:11

Manufacturing Samsung KOSPI performer electronic surges Asian stocks Asian stocks rise, tech surges as Fed offers no surprises

Investing.com — Most Asian stocks rose on Thursday as appetite for risk-driven markets was boosted by the Federal Reserve raising interest rates as expected and downplaying the prospect of a U.S. recession this year.

27.07 / 04:47

Lowe's FIVE Maxim Racing Fallout Drag Low China VC slump is set to drag Asia-Pacific fundraising down to a decade low

BEIJING — China-focused venture capital and other private investment funds have had a slow start to the year and are set to drag down Asia-Pacific fundraising to the lowest in 10 years.

27.07 / 04:23

Citi Provident MET BLOCK Cooper country Russia and North Korea forge closer ties amid shared isolation

Russia's defence minister was photographed this week viewing banned North Korean ballistic missiles with leader Kim Jong Un at a military expo in Pyongyang, signalling deeper ties between the two countries as they face off with the United States. As Russia's isolation over its war in Ukraine has grown, it has seen increasing value in North Korea. For North Korea's part, relations with Russia haven't always been as warm as they were during the heady days of the Soviet Union, but now the country is reaping clear benefits from Moscow's need for friends.

27.07 / 02:09

UPS Manufacturing cover fall China industrial profits fall in H1

BEIJING (Reuters) — China's industrial profits extended this year's double-digit pace of declines into a sixth month as waning demand took a toll on companies' profit margins, bolstering the case for additional policy support measures.

26.07 / 14:14

Target Cooper Progressive Action Remark country National US willing to take 'targeted' actions against China for national security, Treasury official says

WASHINGTON (Reuters) — U.S. Treasury Undersecretary Jay Shambaugh said on Wednesday the Biden administration will not hesitate to take targeted actions against China to secure the national security interests of the U.S. and its allies and to protect human rights, but added that the two countries must cooperate on global challenges.

26.07 / 11:18

Reuters Microsoft social Centre China says Wuhan earthquake monitoring centre attacked by overseas hackers

China's Wuhan suffered a cyberattack from overseas hackers, local authorities said on Wednesday. China's state media, including Global Times and a social media account run by CCTV, claimed the attack was «government-backed» and came from the United States.

26.07 / 10:07

UPS Waters DOW COMPOSITE Fed rate hike Stock market today: Global markets lower ahead of what traders hope will be a final Fed rate hike

Global stock markets are lower after Wall Street hit a 15-month high ahead of what traders hope will be the Federal Reserve’s final increase in this interest rate cycle

26.07 / 10:07

Action awards country social Latin lawmakers Lawmakers press for more scrutiny over China's 'malign influence' at development bank

Lawmakers intent on reducing China’s influence on the U.S. economy are seeking to push the Treasury Department to reduce the scale of Beijing’s influence at the Inter-American Development Bank, which supports economic and social development in Latin Am...

26.07 / 08:05

Citi Provident Twitter MET Waters show information 'No information': Beijing bats away questions on Qin Gang removal

foreign ministry declined to comment on Wednesday on the abrupt sacking of senior diplomat Qin Gang, while scrubbing mentions of him from a government website. Qin, who has not been seen in public for more than a month, was removed from office by Beijing's top lawmaking body on Tuesday after just 207 days in the job. That followed weeks of speculation that the former Chinese ambassador to the United States and one-time confidant of President Xi Jinping had suddenly fallen out of favour.

26.07 / 07:13

UPS Citi Waters HANS Simulation stage Taiwan defends largest airport against simulated Chinese attack

Taiwan staged its first-ever military drill at Taoyuan International Airport on Wednesday, briefly halting commercial traffic as soldiers practised defending the facility against a simulated attack by Beijing. The exercise is part of Taiwan's week-long massive wargames — the annual «Han Kuang» (Han Glory) drills — which this year has included protecting civilian airports as Beijing ramps up military and political pressures on the island.

26.07 / 06:51

RIO Rio Tinto's first-half profit falls 34% on easing iron ore prices

(Reuters) — Rio Tinto (NYSE:RIO) reported a near 34% drop in first-half underlying earnings and slashed its interim dividend on Wednesday, as easing iron ore prices offset an uptick in shipments from Pilbara operations.

26.07 / 06:05

UPS MET Reuters Action star foreign Returns A familiar face for the US as China's Wang returns as foreign minister

By Michael Martina and David Brunnstrom

26.07 / 05:39

Facebook Provident Microsoft Google Platform Enterprise Alibaba's cloud unit brings Meta's AI model Llama to its clients

HONG KONG (Reuters) — Alibaba (NYSE:BABA)'s cloud computing division said it has become the first Chinese enterprise to support Meta's open-source artificial intelligence (AI) model Llama, allowing its Chinese business users to develop programs off the model.

26.07 / 05:07

Citi Lowe's Extreme Remark Moodys performer Support China signals more support for real estate with a 'big change' in tone

BEIJING — China is changing its tone on the struggling real estate sector, paving the way for policy support.

26.07 / 02:53

COST UPS Citi Reuters Waters reform end Analysis-China policy reform to end losses for city-gas firms on household sales

By Chen Aizhu, Emily Chow and Andrew Hayley

25.07 / 21:16

Pan Gongsheng named governor of China's central bank, succeeding Yi Gang in widely anticipated move

25.07 / 21:16

UPS Provident Career Solomonic country foreign Time China removes its outspoken foreign minister during a bumpy time in relations with the US

China has removed the country's sometimes outspoken foreign minister from office and replaced him with his predecessor

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