Bitcoin traders eye US retail sales, FOMC interest rate decision, and unemployment claims, with potential market volatility expected.
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China’s Economic Slowdown is Leading to a Major Impact on Global Ag Markets
— China’s economic slowdown is leading to a significant impact on global agricultural markets, as the country’s grain reserves swell and demand decreases, Bloomberg reports. This is causing concern for farmers worldwide, as China has…
PwC Probe Spotlight Shifts to Hong Kong After Record China Fine
The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm was hit with a record fine in the mainland over its audit of failed developer…
One of China’s neighbors says it’s pulled a key patrol vessel out of the South China Sea after a 5-month standoff
The Philippines says it’s withdrawn one of its key patrol vessels from waters around the disputed Sabina Shoal, where tensions have risen with China.
US ally says it expects America to intervene if China tries to take a rusting World War II warship in the South China Sea
The grounded Philippine warship Sierra Madre marks Manila’s territorial claim near the disputed Second Thomas Shoal in the South China Sea.
China slows down growth in global oil demand
A softening real estate market and the growing popularity of electric vehicles have contributed to a drop in oil consumption.
China proposes mandatory red flags placed on all AI-generated content posted online
On Saturday, the Cyberspace Administration of China announced a likely-to-be-enforced draft plan to enforce mandatory red-flagging of all generative AI content posted online in China [h/t The Register].
Live news: Bank of America hires Citi’s chief accounting officer
Bank of America has poached Citigroup’s chief accounting officer Johnbull Okpara to act in the same position. Okpara is replacing Rudolf Bless, who has been in that role at BofA for nearly a decade.
Mobile payments by tourists in China rise sixfold
The number of international tourists using mobile payment services quadrupled. The number of international tourists who used mobile payment services in China quadrupled between March and August 2024,
Midea Shares Rise 4.9% in Hong Kong Gray-Market Trading
Chinese appliance maker Midea Group Co.’s shares gained as much as 4.9% in gray-market trading ahead of their Tuesday debut in Hong Kong.
Shein faces greater political scrutiny ahead of planned London IPO
Labour MP calls for UK government to ban imported products made by forced labour in Chinese region of Xinjiang …
China’s ByteDance boosts efforts for self-designed AI chips – report
TikTok owner ByteDance (BDNCE) is advancing efforts to make its own AI chips as it intends to get an edge over its competitors in China’s AI chatbot market, The Information reported. ByteDance is …
China’s service trade fair wraps up with bountiful achievements
Visitors look at models of the architecture of the Beijing Central Axis during the 2024 China International Fair for Trade in Services (CIFTIS) at the Shougang Park in Beijing, capital of China, Sept …
