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 doubles down on attracting foreign investment, expands market access and improves services

China has set its sights on attracting and utilizing more foreign investment this year, as outlined in the Government Work Report submitted to the...

Private Enterprises to Receive More Support and Level Playing Field, Says All-China Federation of Industry and Commerce Chairman

In an effort to promote the growth of the private economy, Gao Yunlong, chairman of the All-China Federation of Industry and Commerce, announced on...

China’s Fiscal Revenue Expected to Improve as Economy Rebounds, Says Finance Minister

China's Finance Minister Liu Kun has highlighted the country's fiscal revenue growth prospects for the year ahead, pointing to an expected improvement in the...

China’s Commitment to Economic Liberalization Highlighted in Government Work Report

China is determined to continue its efforts to attract and utilize foreign investment, and this goal has been highlighted in the Government Work Report...

China to Intensify Efforts to Stabilize Foreign Trade Amidst Global Challenges

Chinese officials and experts have announced plans to ramp up efforts to stabilize foreign trade and improve trade structures to support the growth of...

China’s services sector shows strong growth in February

China's services sector activity continued to expand for a second consecutive month in February, indicating a rebound in the country's economy after the pandemic....

Chinese Spokesperson Says Hong Kong National Security Law Brings Stability and Improved Business Environment

The formulation and enactment of the Law on Safeguarding National Security in the Hong Kong Special Administrative Region is an important milestone in the...

Private Sector in Hong Kong SAR Expands at Fastest Pace Since May 2021, S&P Global Reports

According to a report released on Friday by S&P Global, the S&P Global Hong Kong SAR Purchasing Managers' Index registered 53.9 in February, up...

Hong Kong Welcomes First Large-Scale Mainland Tourism Inspection Group Since Pandemic Outbreak

Hong Kong Special Administrative Region has recently received its first large-scale tourism inspection group from the Chinese mainland since the outbreak of the COVID-19...

Chinese Manufacturing Sector Should Focus on Global Expansion and Cutting-Edge Technologies, Says TCL Founder

Li Dongsheng, the founder and chairman of Chinese consumer electronics maker TCL Technology Group Corp, has called on China's manufacturers to shift from exporting...

Beibu Gulf Port in China Bucks Container Throughput Trend with 15% YoY Increase in January

Beibu Gulf Port in South China's Guangxi Zhuang autonomous region has achieved a significant increase in container throughput in January, contrary to the trend...

Guangdong Implements New Measures to Support Local Enterprises and Boost Market Vitality

Guangdong province, a major economic powerhouse in southern China, announced on Thursday a series of new measures and policy updates aimed at boosting market...

Guangzhou named among cities approved by China’s Cabinet to build international consumption center cities

The city of Guangzhou, located in Guangdong province, is known as a key center for trade, manufacturing, and commerce in China. Recently, plans were...

Third annual China-UK Business Dialogue held in Guangzhou to promote bilateral trade and economic cooperation

Government officials, senior business executives, and representatives from China and the United Kingdom have expressed a strong desire to promote China-UK trade and economic...

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