Macro

Oil Climbs as Hopes for Imminent Strait of Hormuz Deal Fade

Crude climbs above $84 in the U.S. and past $89 internationally as hopes for an imminent Strait of Hormuz reopening deal collapse into deadlock.

Alpha Compute to Buy Pennsylvania Land for $55 Million Data Center Campus

Alpha Compute plans to acquire land and gas rights in Pennsylvania for a $55 million data center campus powered by on-site natural gas.

Sea Limited Shares Surge 9% as Revenue Climbs 48% and Shopee Outlook Strengthens

Sea Limited shares rose about 9% after quarterly revenue climbed 48% and the company delivered a stronger outlook for its Shopee e-commerce business.

US Existing Home Sales Fall 1.7% in July as Record Prices Deter Buyers

US existing home sales dropped 1.7% in July as record prices and the highest mortgage rates in a year kept many prospective buyers out of the market.

Barclays Downgrades Gap and Under Armour in U.S. Apparel Retailer Reshuffle

Barclays cut its ratings on Gap and Under Armour in a reshuffle of U.S. apparel retailers, citing limited upside amid uneven consumer demand.

Expert Suggests Mutual Recognition of Professional Standards in Greater Bay Area

According to James Chang, managing partner of regional economic clusters and south markets at PwC China, creating a group identity is a top priority...

Ganqmod Port, the largest highway port between China and Mongolia, experiences booming trade

According to official data, Ganqmod Port, the largest highway port between China and Mongolia, has seen a significant increase in trade volume in the...

China and France expected to strengthen economic ties

According to industry experts and business leaders, China and France are poised to deepen their commercial relations and expand trade, investment, and other collaborations...

Shanghai Solidifies Status as Top Destination for Foreign Investment with New Policies

The municipal government of Shanghai has unveiled a comprehensive set of policies aimed at promoting international trade and attracting foreign investment. The measures, which...

Chinese Economy Shows Resilience as Entrepreneurs and Bankers Report Normal Functioning in Q1

Chinese entrepreneurs and bankers have shown increased confidence in the country's macroeconomic outlook in the first quarter of this year, according to a survey...

Brazil boosts yuan holdings as trade ties with China strengthen

On Friday, the Central Bank of Brazil announced that the Chinese yuan, also known as the renminbi, has overtaken the euro to become the...

China’s Manufacturing Sector Expands for Third Straight Month in March

China's manufacturing sector expanded for the third consecutive month in March, according to data released by the National Bureau of Statistics on Friday. The...

China and Singapore Sign MOU on Upgraded FTA, Commit to Wider Economic Cooperation

Over the weekend, China and Singapore inked a Memorandum of Understanding, announcing the successful conclusion of subsequent negotiations on an upgraded bilateral free trade...

Guangdong Province Urges Cities and Departments to Double Efforts in Attracting Foreign Investment

Guangdong province, one of China's key economic powerhouses, is looking to attract offshore investment in a bid to promote high-quality development. To this end,...

Shanghai’s Trade Volume with RCEP Members Grows by 2.5% in First Two Months of 2023

Shanghai, a bustling metropolis in eastern China, has set a new record high in foreign trade with an impressive figure of 681.56 billion yuan...

China and Russia’s Trade Surges 36.4% in First Two Months of 2023, Boosting Economic Cooperation

As trade between China and Russia continues to grow and energy remains a major focus, industry analysts and market observers anticipate increased energy cooperation...

China Takes Proactive Measures to Protect Economic Recovery Amid Rising Global Financial Uncertainties

Experts predict that China's central bank will implement further policy measures to safeguard the country's economic recovery from external uncertainties. This comes after the...

Guangdong government promises to strengthen follow-up services for private investment projects.

The Guangdong provincial government is taking steps to strengthen its efforts to support the development of private investment. In a recent move, the government...

China’s Financial Sector to Benefit from Central Financial Commission Analysts Say

China's decision to establish a central financial commission has been lauded by analysts as a crucial move towards strengthening and refining financial supervision, and...

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