Asian equities were largely higher except for Hong Kong, despite a stronger US dollar, while Pakistan was closed for Ashura, a day of commemoration in Islam.
Monthly Archives For July 2024
Oil falls for third straight day after China data sparks worries over demand
Oil futures fell Tuesday, on track for a three-day losing streak, as investors worried about demand from China, the world’s second-largest consumer of crude.Price moves West Texas Intermediate crude for August delivery fell 96 cents,
Brussels may rethink China EV import tariffs for Volkswagen, BMW, sources say
The European Commission has signalled to Volkswagen and BMW that it may consider lowering tariffs on the two carmakers’ imports of China-made EVs, two sources with knowledge of the matter said.
Water group founded by China’s richest person demands apology from watchdog
Nongfu Spring criticises Hong Kong body after it said company’s bottled water hit EU limit for bromate content
Shenzhen to introduce 20 self-driving buses soon, with fare set at 1 yuan
After the recent implementation of driverless ride-hailing vehicles sparked heated discussion, a total of 20 self-driving buses will be put into operation in Shenzhen in South China’s Guangdong …
Trump’s new VP pick JD Vance brands China the ‘biggest threat’ to the U.S.: ‘We are completely distracted from it’
JD Vance is Donald Trump’s choice for vice-president, and the Ohio senator echoes the former president’s tough attitude towards China. In a Monday interview with Fox News, Vance called China the “biggest threat” to the…
Hugo Boss Latest To Warn of Grim Times for Luxury Sector
KEY TAKEAWAYS Hugo Boss shares are tumbling in German trading Tuesday after the luxury fashion retailer became the latest to warn of bad times for the high-end sector.Luxury brands have been suffering from a pullback…
Controversy arises after cosplayer is asked to remove makeup on Shenzhen metro
On Sunday, a young woman dressed in cosplay attire was stopped by a metro security officer in Shenzhen, South China’s Guangdong Province, who asked her to remove her makeup before continuing her …
IMF’s economic view: Brighter outlook for China and India but tepid global growth
The International Monetary Fund is upgrading its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan. But it says worldwide …
BlackRock CEO Issues ‘Massive’ Warning After Crypto Flip That Powered A Bitcoin, Ethereum And XRP Price Boom
Janet Yellen has said she fears U.S. financial sanctions will reduce the role of the dollar around the world, as Russia encourages the use of bitcoin and …
A Stock Market Needs to Attract Stocks. Someone Also Needs to Buy Them.
An overhaul that attracts companies like Shein could help a flagging London Stock Exchange, but the main issue is that U.K. equities are dirt-cheap.
Slamming China with tariffs is a mistake, and the US can do one big thing to support key industries, Yale economist says
Placing tariffs on China is a risky way to boost domestic industry. The US should instead focus on reducing its budget deficit, Stephen Roach said.
China’s third plenum and the 3 major challenges facing ‘Xi the reformer’
Xinhua article marking third plenum hails Xi Jinping as reformer on a par with Deng Xiaoping, but headwinds see task cut out for president.
