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Tuesday, January 27, 2026

UPS to cut 30,000 jobs and close 24 sites as Amazon volume “glide-down” continues

UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as it reduces Amazon delivery volume, even as the company beat earnings estimates and forecast higher revenue for the year.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Tesla stock in focus ahead of results as Wall Street debates growth vs profitability

Tesla is set for a key earnings test as investors watch margins, demand and pricing strategy, with the results expected to influence sentiment across the EV and tech markets.

China Data

Foreign direct investment into China fell 9.5% in 2025, official data shows

Foreign direct investment into China dropped 9.5% in 2025 to 747.7 billion yuan, official data shows, despite higher inflows from Switzerland, the UAE and the UK.

EU and India finalize “mother of all deals” as tariffs fall and market access expands

The EU and India finalized a landmark free trade agreement aimed at cutting tariffs on most goods, easing access for services and investment, and reshaping trade ties across a combined market of about 2 billion people.

Storm Chandra batters UK and Ireland with flooding, school closures and travel disruption

Storm Chandra brought heavy rain and strong winds to the UK and Ireland, triggering flooding, rescues, school closures, flight and ferry cancellations, and widespread power outages.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Iranian Rial Plummets to Record Low Amidst Protests and Economic Strain

Iran's currency, the rial, hits a record low of 1.5 million against the US dollar amid ongoing protests and international pressure.

Foreign direct investment into China fell 9.5% in 2025, official data shows

Foreign direct investment into China dropped 9.5% in 2025 to 747.7 billion yuan, official data shows, despite higher inflows from Switzerland, the UAE and the UK.

China Continues Gold Accumulation for Ninth Month as Forex Reserves Decline

China's central bank has continued its strategy of increasing gold holdings, marking the ninth consecutive month of accumulation in July. This move comes as...

China’s US Treasury Holdings Hit 17-Year Low Amid Shifting Global Economic Landscape

China has significantly reduced its holdings of U.S. Treasury bonds, reaching the lowest level since 2008. This strategic shift, occurring over several years, reflects...

China Unveils Bold Move: Halving Stamp Duty on Securities Trading in Bid to Revitalize Capital Market

In a strategic maneuver aimed at revitalizing its capital market and instilling renewed investor confidence, China has announced a significant cut in its stamp...

China Ever grande’s Rocky Return: Resumed Trading Wipes Out $2.4 Billion in Value Amidst Ongoing Property Crisis

China Evergrande Group (3333.HK), once a behemoth in the property development realm, suffered a tumultuous return to trading as its shares plummeted by a...

Revitalizing Markets: Beijing Unveils Innovative Measures to Spark Rejuvenation Amidst Economic Challenges

In a rare glimmer of hope, Chinese blue-chip stocks found themselves in the midst of an unexpected rally on Monday. The spark for this...

China’s Industrial Profits Suffer Seventh Consecutive Month of Decline Amidst Economic Challenges

China's industrial landscape continues to grapple with daunting challenges as profits for its industrial firms recorded a 6.7% drop in July compared to the...

China’s Trade Surplus Expands as Imports Decline in First Two Months of the Year

According to official customs data released on Tuesday, China's imports and exports slightly decreased by 0.8 percent year-on-year to 6.18 trillion yuan ($890 billion)...

China’s Economic Regulator Predicts Achievable Growth Target for 2023

China's top economic regulator, the National Development and Reform Commission, announced on Monday that the country's growth target of around 5% for 2023 is...

Goldman Sachs Upgrades China’s Growth Forecast as US Companies Invest in Country’s Consumer Market.

Many of the largest US companies are doubling down on China, betting on the nation's vast consumer market and the potential for a post-pandemic...

Mobile Payments on the Rise as Hong Kong and Macao Residents Open 235,000 Accounts at Mainland Chinese Banks

As the world becomes increasingly interconnected, more and more people are looking for convenient ways to manage their finances across different regions. In Hong...

China Strengthens Financial Cooperation between Mainland and Hong Kong/Macao with New Guidelines

China is making significant strides towards strengthening economic and business ties across the Guangdong-Hong Kong-Macao Greater Bay Area, with a particular focus on Qianhai...

Reforms in China’s Healthcare Insurance Aim to Promote Efficient Use of Public Medical Funds, Experts Say

Chinese local governments have recently implemented healthcare insurance reforms that aim to promote efficient use of public medical funds and increase benefits for those...

RCEP helps more ASEAN agricultural products enter Chinese market

The implementation of the Regional Comprehensive Economic Partnership (RCEP) has brought about changes in the import of fruits and agricultural products from Southeast Asian...

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