Oil futures were modestly lower Tuesday morning, feeling pressure after another round of weak economic data out of China.
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Oil edges lower after weak China data
China surprises with rate cuts as economy grapples with ‘confidence crisis’
China’s central bank unexpectedly cut rates on Tuesday, as policymakers continued to step up support for its struggling economy.
China Economic Woes May Offer a Silver Lining to Global Markets
China’s lapse into deflation is fueling jitters across financial markets but money managers say it isn’t necessarily a bad thing.
Global stocks stuck near 5-week lows, China cuts rates
Global stocks were stuck near five-week lows on Tuesday as rising government bond yields unnerved investors, while rate cuts from China and disappointing data underscored the economic malaise gripping the world’s second biggest economy.
Morning Bid: U.S. retail therapy as China funk deepens
A look at the day ahead in U.S. and global markets from Mike Dolan, Editor-at-Large, financial industry and financial markets
Report: China’s data center services market grows 12.7% in 2022
China’s data center services market witnessed a year-on-year growth of 12.7 percent in 2022, reaching a market size of 129.35 billion yuan ($17.8 billion) according to IDC’s latest report.
The race to lead China’s autonomous driving market
Electric vehicle makers and AI companies are taking Tesla FSD-like systems to China, but it’s still out of reach for most consumers.
China’s $138 billion ‘shadow bank’ spirals at terrible time for Xi
Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with more than 1 trillion yuan ($138 billi …
Column: China’s iron ore imports may hold up despite gloomy economy
A swathe of poor economic data in China is putting pressure on the price of iron ore, which is struggling to hold above the key psychological level of $100 a metric ton.
Heeding Beijing’s call, law firms tone down China risks in IPO applications
Law firms in China are scrambling to comply with Beijing’s new guidance to tone down the language used to describe China-related business risks in companies’ offshore listing documents, five people familiar with the matter said.
China Mulls Cutting Stamp Duty to Revive Slumping Stock Market
Chinese authorities are considering cutting the stamp duty on stock trades for the first time since 2008, people familiar with the matter said, in what would be a major attempt to revive confidence in …
China Slashes Rates, Suspends Youth Jobless Data as Economy Signals Sharper Downturn
SINGAPORE—Chinese officials said they would stop reporting the country’s youth unemployment rate after months of spiraling increases, depriving investors, economists and businesses of another key data …
China’s Central Bank Unexpectedly Slashes Rates To Bolster Struggling Economy
Unlike some other global central banks, China has loosened its monetary policy to boost a stalling recovery while others tighten their grip to fight high inflation. This decision has further widened …
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