City Beijing Financial News

24.02 / 02:31

Aviat Analysis BBC SPY track reports UFO or Chinese spy? US officials baffled by unidentified ‘balloon’, says, ‘it doesn't...’

Associated Press, citing NORAD spokesperson John Cornelio, NORAD sent fighter pilots to probe and noted that it "did not pose any threat to the national security". However, there has been an increase in attention drawn to sightings of balloons traversing the United States following the military's interception and destruction of a Chinese surveillance balloon that traversed a significant portion of the nation last year.

23.02 / 18:51

markets UPS Citi Reuters trends China's new home prices extend declines despite policy support

By Liangping Gao and Ryan Woo

23.02 / 09:59

UPS Man Election President China says it aims to 'contain' foreign interference over Taiwan this year

China aims to «contain» foreign interference over Taiwan and «resolutely combat» any efforts towards the island's formal independence this year, which is the sensitive 75th anniversary of the founding of communist China, state media said on Friday. China views democratically ruled Taiwan as its own territory, ignoring the objections of the government in Taipei, and has ramped up political and military pressure to assert those claims. Taiwan last month elected current Vice President Lai Ching-te as its next president, a man Beijing has called a dangerous separatist. Lai, who takes office in May, has repeatedly offered talks with China but has been rebuffed.

23.02 / 08:47

markets Action Software Tesla Tesla to fix software in 8,700 vehicles in China product recall, regulator says

BEIJING (Reuters) — China's market regulator said on Friday that Tesla (NASDAQ:TSLA) Inc would fix software in 8,700 vehicles to reduce the chance of accidents.

23.02 / 03:03

markets Waves DOW NVIDIA Nikkei show Stocks bask in tech euphoria, Nvidia boom

stocks rose on Friday and put global markets on course for a week of heady gains as AI darling Nvidia's stunning results sparked a wave of record highs from Asia to Europe and the U.S., while the yen nursed losses on a range of currencies. Nvidia surged 15%, adding a record $250 billion in market value on Thursday. The Santa Clara, California-based company's results supercharged a global AI-led rally in technology stocks, propelling the S&P 500, the Dow Jones Industrials, Europe's STOXX 600 and Japan's Nikkei share average to record highs.

23.02 / 02:05

Trade War evacuation peace International China downplays ties with Russia at the Foreign Minister’s meet with Ukraine

China, that shares decades old defence partnership with Ukraine, has sought to downplay its military links with Russia, close on the heels of a high level meeting with the USA. At a meeting last weekend in Munich China's foreign minister Wang Yi told his Ukrainian counterpart Dmytro Kuleba that Beijing does not sell lethal weapons to Russia for its war against Ukraine. Wang told Kuleba that China 'does not take any advantage of the situation and does not sell lethal weapons to conflict areas or parties to the conflict,' according to a Chinese foreign ministry readout.

22.02 / 19:23

markets COST Assurant Sustainability Trade reports Red sea trade disruptions to affect the fertiliser, capital goods sectors the most: Crisil report

Red Sea. Whereas, trade in sectors like metals and textiles are the least affected sectors because of the Red Sea crisis. Also Read: Red Sea crisis: Canada asks Beijing to influence Houthis, 'It's in China's interests' The report pointed out that a sustained disruption in trade routes may lead to extended delays in the delivery of goods, hence impacting players within the capital goods sector.

22.02 / 14:32

Provident Target security wellness show social Investigations An online dump of Chinese hacking documents offers a rare window into pervasive state surveillance

Chinese police are investigating an unauthorized and highly unusual online dump of documents from a private security contractor linked to China’s top policing agency and other parts of its government

22.02 / 07:57

MET Cooper Landmark President country China to resume ‘Panda Diplomacy’ with US and Europe, what does this mean?

China tightens grip on stocks with net sale ban at open, close The first pair of pandas — a male and a female — could arrive in San Diego by late summer, officials at the zoo told the Associated Press. China is also discussing renewing its cooperation with Washington, D.C.’s National Zoo and Austria’s Schönbrunn Zoo, according to the embassy.

22.02 / 04:19

markets UPS NVIDIA Nikkei rights Japan's Nikkei nears record peak after Nvidia beat, rest of Asia muted

Nikkei share average climbed to the cusp of an all-time peak on Thursday after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech stocks. However, the regional mood was tempered by a retreat in Chinese stocks from multi-month highs reached amid Beijing's efforts to boost market confidence.

22.02 / 02:11

UPS Reuters information Oil edges higher, holding to gains made on signs of tighter supply

By Colleen Howe

21.02 / 01:33

markets UPS Reuters security Trade country Oil rises; markets weigh Red Sea attacks, US rate cuts

BEIJING (Reuters) — Oil prices regained some ground in early Asian trade on Wednesday, as investors weighed concerns over output cuts by key producers and attacks on shipping in the Red Sea against dimmed expectations of U.S. rate cuts.

20.02 / 19:05

MET Bitcoin reports Courts Investigations UK Prosecutors Challenge Defendant’s Claim of Innocence in $6.3 Billion Bitcoin Laundering Case

UK prosecutors are challenging the claims of a British-Chinese national who says she had “no idea” she was part of a $6.3 billion Bitcoin money laundering plot.

20.02 / 10:17

markets Target economy NVIDIA Nikkei performer testing Rate Cut interest rate cut Asian stocks Asian stocks find little cheer from China’s interest rate cut

Investing.com-- Most Asian stocks retreated on Tuesday, extending recent losses as persistent concerns over slowing economic growth and high U.S. interest rates largely offset a bigger-than-expected cut in China’s benchmark lending rate.

20.02 / 08:32

War Celebrity country reports International Arunachal Pradesh Statehood Day Today: An expansionist China and India's response

Arunachal Pradesh keep prospering for years to come," he said. Arunachal Pradesh attained full statehood on February 20, 1987, with the Fifty-Third Amendment of the Indian Constitution, 1986, becoming the 25th state of the Indian Union. Since then, February 20 has been celebrated as Statehood Day of the Himalayan state.

19.02 / 13:41

Citi security show Inside social Videos fencing Crews take steps to secure graffiti-scarred Los Angeles towers left unfinished by developer

City crews have taken a first step toward securing an unfinished complex of downtown Los Angeles high-rises that have been vandalized with graffiti and used for dangerous social media stunts since the developer ran out of money

19.02 / 13:37

Cooper security Strategy Trade country gatherings International Chinese foreign minister says trying to cut his country out of trade would be a historic mistake

China’s foreign minister has told a gathering of international security policy officials that shutting China out of trade in the name of avoiding dependency would be a historic mistake

19.02 / 13:37

UPS Citi President show country social Investigations Former Bank of China chairman indicted for bribery in nation's long-running anticorruption drive

The former chairman of the Bank of China has been indicted on bribery charges, adding to a long list of business and government officials who have been brought down by Chinese leader Xi Jinping’s yearslong anticorruption drive

19.02 / 10:55

economy Sustainability film pandemic show country travelers China's travel spending during Lunar New Year holidays beats pre-COVID levels

BEIJING (Reuters) -Tourism revenues in China during the Lunar New Year holidays that ended on Saturday surged by 47.3% year-on-year and surpassed 2019 levels, thanks to a domestic travel boom amid a longer-than-usual break, official data showed on Sunday.

18.02 / 15:35

economy wellness trends show country reports Foreign direct investment into China slumps to worst in 30 years

Foreign businesses’ direct investment into China last year increased by the lowest amount since the early 1990s, underscoring challenges for the nation as Beijing seeks more overseas investment to help its economy. China’s direct investment liabilities in its balance of payments rose by $33 billion last year, 82% down on 2022, according to data from the State Administration of Foreign Exchange released Sunday. That measure of new foreign investment into the country — which records monetary flows connected to foreign-owned entities in China — slumped to the lowest level since 1993.

18.02 / 07:17

markets Cooper Progressive security Trade President cover ‘Decoupling from China will only backfire on US itself,’ Wang Yi holds ‘frank’ talk with Antony Blinken

‘Smart enough to have multiple options,’ Jaishankar hails India's diplomatic versatility, Antony Blinken smiles Sino-U.S. relations have shown signs of improvement in recent months as both sides took steps to re-establish channels of communication after ties between the two global superpowers sank to their lowest levels in decades. But many points of friction remain.

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