City Beijing Financial News

12.07 / 13:03

Twitter Platform Gap Airlines Zara Mercedes-Benz Bulgari apologizes to China for listing Taiwan as a country after online backlash

Italian luxury brand Bulgari is the latest international brand to apologize to China after listing Taiwan as a country on its website

12.07 / 12:29

Provident Target Digital Microsoft Chinese hackers accessed government emails, Microsoft says

LONDON (Reuters) — Chinese state-linked hackers secretly accessed email accounts at around 25 organisations, including government agencies, in a sweeping cyberespionage campaign by a group which primarily targets entities in Western Europe, Microsoft (NASDAQ:MSFT) said on Wednesday.

12.07 / 11:15

Platform Tencent Baidu regulatory Beijing's regulatory crackdown wipes $1.1 trln off Chinese Big Tech

China's major tech companies have lost over $1 trillion in value since the government began its regulatory crackdown on the sector more than two years ago. This staggering figure is equivalent to the entire economy of the Netherlands. However, there is now hope among investors that the strict rules that have hindered the industry's growth since late 2020 may begin to ease.

12.07 / 05:27

UPS MET Cooper Action COP SPY U.S. climate envoy John Kerry to visit China as talks pick up again

BEIJING — John Kerry, special presidential envoy for climate, is set to visit Beijing from July 16 to 19, according to announcements from the U.S. and China.

12.07 / 05:01

Provident Target Microsoft Software SPY Chinese hackers gained access to government email accounts, Microsoft says

Chinese hackers intent on collecting intelligence on the United States gained access to government email accounts, Microsoft disclosed Tuesday night. The attack was targeted, according to a person briefed on the intrusion into the government networks, with the hackers going after specific accounts rather than carrying out a broad-brush intrusion that would suck up enormous amounts of data. Adam Hodge, a spokesperson for the White House's National Security Council, said no classified networks had been affected.

12.07 / 02:01

MET Reuters Cooper Progressive expansion China strongly opposes NATO's expansion into Asia-Pacific region; Warns of 'resolute response'

Reuters reported. The statement, released on Tuesday, stated that China rejects the references to China in NATO's joint communique from the summit held in Vilnius, Lithuania. It further emphasized China's commitment to firmly protect its sovereignty, security, and development interests.

11.07 / 21:01

UPS Provident COMPOSITE DAX Nikkei US stocks Global markets update: US stocks climb ahead of inflation

US Federal Reserve was nearing the end of its interest rate hiking cycle. The pan-European STOXX 600 ended 0.7% higher. Irish stocks jumped 2.1%, boosted by gains in Kingspan which climbed 15.7% after forecasting record profit for the first half of the year.

11.07 / 19:45

IPO Provident BLOCK ByteDance TikTok TikTok parent ByteDance to allow US staff to cash out on shares: report

ByteDance, the Chinese owner of short video app TikTok, will allow shares of US employees to vest without waiting for the company to list in the stock market, thereby allowing them to cash out, according to people familiar with the matter. The move is aimed at appeasing restless employees who have been waiting for an initial public offering to profit from the shares they have been awarded as part of their compensation. It is also an indication that ByteDance, whose worth in excess of $200 billion makes it the world's most valuable startup, is in no rush to go public amid Beijing's heightened scrutiny of China's technology giants.

11.07 / 15:49

Reuters Tesla Returns Yellen returns from Beijing, says US, China want to ‘stabilize’ relations

Fox News senior strategic analyst Gen. Jack Keane (ret.) discusses Biden's comment on the U.S. military's ammunition and China's rising aggression.

11.07 / 15:35

UPS Lowe's Crude oil higher; Rising expectations of more Chinese stimulus help

Investing.com — Crude oil prices gained Tuesday, helped by growing expectations of more stimulus in China, the largest importer of crude in the world, as well as bullish OPEC comments regarding future demand.

11.07 / 13:35

Citi Southern fugitive China: Fugitive killer arrested after 30 years, tells wife to find new husband

Beijing Youth Daily reported. Zhou’s accomplices were arrested soon after the crime, but he had managed to stay at large until the end of June when Hubei police apprehended him in the southern city of Guangzhou, where he had been hiding, the report said. A viral video showed that as police officers took Zhou away to board a train back to Hubei, he asked his wife to divorce him and remarry.

11.07 / 10:45

COST Lowe's Target Manufacturing China's auto sales rise 8.8% in first half of 2023, but growth is fading as economy cools

An industry group says China’s auto sales rose 8.8% over a year earlier in the first half of 2023 as electric vehicle purchases surged

11.07 / 10:21

Cooper Aviat Progressive Nepal & China agree to expedite pending infrastructure projects under BRI

Belt and Road Initiative to boost infrastructure in the landlocked Himalayan nation, a media report said on Tuesday. The agreement was reached during a meeting between the vice chairman of Nepal's National Planning Commission (NPC), Dr Min Bahadur Shrestha, and Chong Liang, the vice chairman of the Chinese government's National Development and Reform Commission (NDRC), which oversees the implementation of the Belt and Road Initiative (BRI).

11.07 / 09:37

Target DOW COMPOSITE Nikkei KOSPI rate hikes Stock market today: Asian shares rise ahead of a US inflation update on hopes for easing rate hikes

Asian stock markets followed Wall Street higher Tuesday ahead of an update on U.S. consumer prices that traders hope will show inflation is easing, reducing the need for more interest rate hikes

11.07 / 09:37

Target DOW COMPOSITE DAX rate hikes Stock market today: Global shares rise ahead of US inflation update on hopes for easing rate hikes

Global stock markets are higher ahead of a U.S. inflation update that traders hope will show the need for more interest rate hikes is easing

11.07 / 09:37

UPS Provident FIVE Action Assurant Allegiant Indonesia warns nuclear weapons put Southeast Asia a 'miscalculation away' from a catastrophe

Indonesia’s top diplomat is warning of the threat posed by nuclear weapons, saying that Southeast Asia is “one miscalculation away from apocalypse” and pressing for world powers to sign a treaty to keep the region free from such arms

11.07 / 06:43

Provident Landmark PwC Tencent NetEase audit US renews audit inspections of Chinese firms

US audit officials have started a fresh round of inspections of New York-listed Chinese companies in recent weeks amid simmering tensions between the world’s two largest economies.

11.07 / 05:29

UPS Tencent Baidu KOSPI Asian stocks Asian stocks surge as markets bet on peak Fed rates, China stimulus

Investing.com — Most Asian stocks rose sharply on Tuesday amid expectations that the Federal Reserve was close to concluding its rate hike cycle for the year, while the prospect of more stimulus measures from China also aided sentiment.

11.07 / 05:29

UPS Manufacturing Tencent Baidu regulatory Chinese tech giants extend rally on regulatory relief, stimulus bets

Investing.com — Heavyweight Chinese technology stocks rose on Tuesday, extending a recent run of strong gains as traders bet on a clearer regulatory outlook for the sector, while expectations of more stimulus measures also aided sentiment.

11.07 / 02:45

UPS MET FIVE Cooper Action Analysis-Yellen's China trip yields long meetings, 'cordial' tone, but no consensus

By David Lawder

11.07 / 01:17

UPS MET Reuters Action Align foreign China has a new foreign relations law. Here's what it means for business

BEIJING — For foreign businesses in China, geopolitics hold more sway than new Chinese laws, according to analysts.

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