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.

China to Enhance Border and Cross-Border Economic Cooperation Zones for Greater Trade and Investment

China is set to bolster its border and cross-border economic cooperation zones with a set of 15 new measures aimed at expanding their layout...

Global Companies Remain Confident in China’s Market, Increasing Investment

Market analysts and business executives stated on Friday that global corporations are resolute in their belief that increasing investment in China is a wise...

Female GMs Leading the Way: Marriott and J Hotel Set Examples in China’s Hospitality Industry

Zhang Xin has found the hospitality industry to be incredibly appealing, having worked in it for over 25 years, starting as a receptionist and...

Hainan’s Free Trade Port draws global attention as foreign officials attend development seminars

Foreign business officials who attended a recent seminar in Haikou, Hainan province, have expressed their belief that the Hainan Free Trade Port (FTP) will...

Canton Fair to Fully Resume Offline Activities this Spring with Over 30,000 Participating Enterprises

The Canton Fair, also known as the China Import and Export Fair, is set to resume all on-site activities in Guangzhou from April 15...

China mulls new policies to stabilize foreign trade amid external challenges

China is taking steps to support its enterprises and stabilize foreign trade growth, according to the Ministry of Commerce. Shu Jueting, a spokeswoman for...

Analysts optimistic about China’s economic outlook in 2023

China's economy is showing early signs of a palpable recovery in the first two months of 2023, providing economists with a hopeful outlook for...

China Intensifies Efforts to Promote High-Quality Development in Cross-Border Economic Zones

In a recent announcement, the Chinese Ministry of Commerce has revealed its intention to intensify efforts towards promoting high-quality development in border and cross-border...

RCEP trade spurs growth in China and Asia-Pacific economies via inland railway links

According to government officials and market observers, China's inland cities are expected to increase their use of railroad links to seaports in order to...

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....

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