US stock futures were broadly flat on Wednesday morning, after a surprise drop in Chinese exports and economic headwinds flagged by the OECD stoked fresh concerns about global growth.
Monthly Archives For June 2023
China’s slowdown, market melt-up, crypto crackdown: Top stories
China’s exports have plunged by 7% since last May. In the U.S., market melt-ups continue to set the stage for a bull market run while market risks still loom. The SEC filed to freeze Binance’s…
Heilpern loves Bitcoin, hates bullshit… was a China state media journo: Hall of Flame
Before achieving fame in the world of crypto, she had an interesting stint working as a journalist for Chinese state media, when she briefly became a business and finance correspondent for a China …
China leads world in 19 of 23 critical tech; US way behind in hypersonics, electronic warfare, undersea capabilities
In bad news for US-led West, China is leading in “high-impact research” in 19 out of 23 technologies, with “commanding lead” in hypersonics, electronic warfare and undersea capabilities. This was …
Why Italian lifestyle and brands are so popular in China
All these products and experiences have already become part of the eclectic cosmopolitan lifestyle of our times, whether in the East or West. But haven’t we left something out – a country that is, …
Citigroup’s CEO Expresses Confidence in China’s Economic and Financial Growth during Inaugural Visit
Going ahead, China will further open its financial sector … Last month the company disclosed plans to pursue an initial public offering (IPO) of its consumer, small business, and middle-market …
Wanda Unit Seeking Hong Kong IPO Asked to Explain Its Business
China’s top securities regulator has asked a Dalian Wanda Group Co. Ltd. subsidiary seeking a Hong Kong IPO to provide more information about its business and its connections to shareholders. The …
Stock futures trade broadly flat after China exports slump: Stock market news today
US stock futures were broadly flat on Wednesday morning, after a surprise drop in Chinese exports and economic headwinds flagged by the OECD stoked fresh concerns about global growth.
Oil higher as China crude imports rise; traders await inventory data
But the data showed China’s crude oil imports recovered to 51.44 million tons, or around 12.16 million barrels a day, up 17% month-on-month and 12% year-over-year, in May, noted Warren Patterson and …
Futures Inch Lower on Fed Policy Caution, China Data Hits Sentiment
U.S. stock index futures edged lower on Wednesday as investors remained cautious ahead of inflation data and the Federal Reserve’s policy meeting next week, while worse-than-expected China exports …
Citi CEO commits to China expansion, Beijing says
Citigroup’s Jane Fraser said the U.S. bank will continue to expand its Chinese business, China’s new financial regulator said, during her first visit to the country since becoming CEO.
Making sense of Sequoia Capital’s big breakup with China
Neil Shen, managing partner of Sequoia China, will head up Sequoia’s spun off China unit, HongShan. Bryan van der Beek/Bloomberg—Getty Images Sequoia Capital certainly made headlines Tuesday by …
Shenzhen’s central business district offers chip-making incentives, with millions in subsidies for new projects
Chip projects that the Shenzhen municipal government views as developing or supporting “core technology breakthroughs” are also eligible for up to 3 million yuan in subsidies. The push to promote …
