Macro

Wall Street Bets on Private Credit Woes with New Derivatives

Wall Street banks are trading new derivatives, including credit default swaps, to bet on potential stress and defaults within the rapidly growing private credit market.

Olivia Rodrigo Drops New Single ‘Drop Dead’ and Makes Surprise Coachella Appearance

Olivia Rodrigo releases her new single 'Drop Dead' and performs it live at Coachella, signaling a new romantic direction for her upcoming album.

Trump Organization Eyes Tbilisi Skyline with Ambitious New Skyscraper Project

The Trump Organization is planning a new luxury skyscraper in Tbilisi, Georgia, featuring a hotel and residences, as part of its international expansion strategy.

Jury Rules Live Nation and Ticketmaster Operated as an Illegal Monopoly, Overcharging Fans

A jury found Live Nation and Ticketmaster guilty of antitrust violations, ruling they operated as an illegal monopoly and overcharged fans. The verdict moves to a remedies phase, potentially leading to significant industry changes.

Judge Halts Nexstar-Tegna Merger Amid Antitrust Fears

Federal judge blocks Nexstar-Tegna merger over antitrust concerns, halting the $6.2 billion deal pending a trial. State AGs and DirecTV celebrated the ruling.

China’s Economic Activity Picks Up Pace in January-February 2023

China's economy is showing signs of stabilization and acceleration, with the National Bureau of Statistics reporting a marked improvement in key economic data for...

China’s Foreign Trade in Goods Registers $25.9B Surplus in February

China's foreign trade in goods registered a surplus of $25.9 billion in February, according to the State Administration of Foreign Exchange (SAFE). The figure...

China’s Cross-Border E-Commerce Empowers Small Businesses and Stabilizes Foreign Trade, Experts Say

According to experts, cross-border e-commerce has become a crucial factor in stabilizing China's foreign trade while providing micro, small and medium-sized enterprises (MSMEs) and...

National Energy Administration Reports 11% YoY Jump in China’s Power Use in February

China's electricity consumption, a significant indicator of economic activity, rose by 11% YoY in February, indicating a steady recovery from COVID-19-triggered disruptions. According to...

China’s Economic Recovery Gains Momentum in 2023 with Notable Improvement in Key Indicators

China's economy is demonstrating a strong start in 2023, with the National Bureau of Statistics reporting stabilization and improvement in both demand and supply....

China Has “Huge Room” for Export Growth, Says Economic Affairs Committee Vice-Chairman

According to a senior political advisor, China's exports are expected to continue growing and contribute to the country's overall economic growth this year. The...

China emphasizes expansion of high-level opening-up for trade and investment

As China looks to mitigate the impact of the COVID-19 pandemic, slowing global demand, geo-economic shocks, and fierce competition from the likes of Vietnam...

Experts Suggest Focus on Offshore Duty-Free Sales to Boost Tourism in Hainan

Experts believe that continued efforts to promote the building of the Hainan Free Trade Port as an international tourism consumption center will help attract...

China reaffirms commitment to expanding opening-up policy for multinational companies like Qualcomm

China is continuing its efforts to expand its opening-up policy and offer a world-class business environment for multinational enterprises such as Qualcomm that operate...

Shanghai Gold Exchange Denies Report of Perth Mint Selling Diluted Gold to China

In recent news, the Shanghai Gold Exchange (SGE) and the Perth Mint have found themselves embroiled in a he-said-she-said situation regarding allegations that the...

China expresses willingness to engage in dialogue with US Secretary of Commerce

In typical fashion, China has responded positively to US Secretary of Commerce Gina Raimondo's expressed interest in visiting the country. The Ministry of Commerce...

China Prioritizes Infrastructure Construction to Expand Domestic Demand, Says Chief Economist at CITIC Securities

In China, infrastructure is considered a key driver of economic growth, especially in the short term. Despite other economic engines revving up due to...

Luxshare Precision’s Chairwoman, Wang Laichun, Tops Forbes China’s 100 Power Business Women List for the Ninth Time

Forbes China has released its 100 Power Business Women list, with Luxshare Precision's Chairwoman and Founder, Wang Laichun, taking the top spot for the...

Support for Small-Sized Companies a Priority Among Shanghai Delegates at Two Sessions

Shanghai-based delegates attending China's ongoing two sessions in Beijing are prioritizing the development of private enterprises, especially micro and small-sized companies. Their proposals align...

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