Dimon warned of “storm clouds” on the horizon for the US economy and predicted that the odds favor a “harder recession” or “maybe something worse.” …
Monthly Archives For August 2022
Chinese brands that pioneered India’s smartphone market are now being hounded by authorities
As many as 119 bank accounts of Vivo India have been frozen, while Oppo India has been accused of avoiding taxes worth $551 million.
Shoppers flee Shanghai Ikea to avoid the store’s strict COVID-19 lockdown
Ikea customers in Shanghai made a break for the exits when the store was ordered to shut down Saturday after health officials said a customer was a close contact of a positive COVID-19 case.
JPMorgan chief Jamie Dimon says China has ‘serious issues’ – and lays out what the US needs to do to push back against Beijing
JPMorgan chief executive Jamie Dimon has said China faces “serious issues” regarding its energy and food usage – and urged the US to take more of a stand against Beijing. Dimon pointed out China is…
Oil Drops 5% On Disappointing Economic Data From China
Oil prices fell sharply on Monday, dragged down by disappointing economic data from the world’s largest crude oil importer and the world’s second-largest crude oil consumer …
China cuts interest rate to shore up slowing economy
China’s central bank trimmed a key interest rate Monday to shore up sagging economic growth at a politically sensitive time when President Xi Jinping is trying to extend his hold on power. The …
China’s surprise rate cut, economic slowdown send oil prices plunging
The prospect of lower demand sent oil prices sliding 5 percent — pushing West Texas Intermediate crude to $87 a barrel.
China’s central bank lowers policy loan rate by 10 bps to assist economic recovery
China’s central bank on Monday lowered its one-year policy loan rate as well as the seven-day reverse repo rate both by 10 basis points (bps), a move that reflected the country’s continued policy of …
China growth slows across all fronts in July, prompting unexpected rate cut
The fresh evidence of China’s slowdown adds to the headwinds facing the global economy this year, which is already reeling from geopolitical events and inflation.
So, Just How Bad Is China Right Now, Really?
The short answer is not great, as its economy isn’t as robust as thought and its housing market is under duress.
People’s Bank of China cuts lending rate after lockdowns drag down growth
China’s central bank has cut a key lending rate to help shore up growth after the economy slowed in July as it struggled to recover from strict Covid lockdowns …
Beijing rate cut adds to concerns about the health of shipping’s most important economy
Economic signals from China, the world’s most important shipping nation, continue to alarm shipowners.The surprise financial news out of Beijing today was the decision by the People’s Bank of China to …
Bitcoin Eyes Return to $25,000 after China Stats Sent BTC and ETH South
BTC and ETH coughed up early gains, as economic indicators from China took investors by surprise. A BTC return to $25,000 would ease investor jitters.
