Macro

Bessent Urges Japan to Hike Rates and Strengthen Yen

US Treasury Secretary Scott Bessent called on Japan to raise interest rates and steady its finances, pointing to a possible Bank of Japan hike in September

Anthropic Signs $35 Billion Cloud Deal With Nvidia-Backed Lambda

Anthropic has agreed to a $35 billion cloud computing deal with Nvidia-backed Lambda, adding to a rapid series of AI compute commitments.

Global Bond Selloff Pushes Yields to Highest Levels Since 2008

A worldwide bond selloff has pushed government yields to their highest since 2008, raising mortgage, loan and financing costs for households and businesses

John Ternus Takes Over as Apple CEO, Ending Cook’s 15-Year Run

John Ternus became Apple's CEO on Tuesday, ending Tim Cook's 15-year run as the company faces AI pressure and rising memory prices.

Global Bond Yields Hit Multi-Decade Highs as Iran Conflict Revives Inflation Fears

Bond yields surged across major markets on September 1 as US-Iran hostilities revived energy and inflation fears, driving Japan and UK rates to decades-hig

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...

CNOOC Completes Construction of All 35 Process Modules for Shell-Led LNG Canada Project

China National Offshore Oil Corp (CNOOC), the country's largest offshore oil and gas driller, has announced the completion of construction on all 35 process...

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)...

Chinese Ministry of Commerce slams US export control list as an act of economic bullying

The Chinese government has condemned the United States' actions to place multiple Chinese entities on an export control list. The move has been described...

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