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’s US Treasury Holdings Hit 17-Year Low Amid Shifting Global Economic Landscape

China has significantly reduced its holdings of U.S. Treasury bonds, reaching the lowest level since 2008. This strategic shift, occurring over several years, reflects...

China’s Property Market Plunges Deeper: Falling Prices and Sluggish Sales Signal Prolonged Downturn

China's real estate market is grappling with a deepening downturn, marked by persistent price declines and weak sales, now entering its fifth year. Despite...

US and China Engage in Shifting Tensions Over Trade, Tech, and Security

The United States and China are navigating a complex and evolving relationship, marked by a recent shift in U.S. national security strategy that emphasizes...

China’s Real Estate Dilemma: A Decade-Long Correction Ahead, Says Economist

China's real estate market is bracing for a protracted period of adjustment, with the surplus of unsold homes expected to take over a decade...

UK Inflation Drops, Stirring Speculation of Rate Cuts and Rattling Bond Markets

November sees UK inflation falling sharply below expectations, signaling potential shifts in economic policies and market reactions.

China’s Economic Rebound: Factory Activity Surges, Signaling Hope Amidst Challenges

In a promising development, China's factory activity has experienced growth for the first time in six months, according to an official survey released on...

U.S. Dollar & British Pound Dynamics: A Glimpse Ahead of Central Bank Decisions

On Wednesday, the U.S. dollar registered a marginal decline, coming on the eve of a crucial interest rate verdict by the U.S. Federal Reserve....

Swiss Gold Exports in August: An Exploration of Global Dynamics

Swiss Gold Exports Surge in August: An In-Depth Analysis Introduction On September 19th, the world awoke to the news that Swiss gold exports had risen by...

China’s Economic Future: The Intersection of Reform, Crisis, and Stagnation

A Decade of Aspiration: Chinese President Xi Jinping’s inaugural reform plans, outlined about a decade ago, were among his most audacious, setting the path for...

China’s Strategy: Balancing Mortgage Affordability with Banking Stability

In an anticipated move to enhance the affordability of mortgages and rejuvenate the housing market's demand, China's banks are expected to lower deposit rates....

U.S.-China Trade Evolution: Raimondo’s Visit and the Rise of Regionalization

U.S.-China Trade Dynamics: Commerce Secretary Gina Raimondo's Visit and the Shift Towards Regionalization In an era where global trade dynamics are undergoing significant shifts, U.S....

China-EU Partnership for Green Innovation and Development

China and Europe have immense potential for green cooperation, thanks to the compatibility of their green development concepts, according to a senior official. Shao...

Ganqmod Port sets new record in 2023 with over 10 million tons of trade with Mongolia

Ganqmod Port, the largest highway port between China and Mongolia, has reported that the trade volume between the two countries has exceeded 10 million...

China’s high-tech zones achieve double-digit growth in Q1 economic indicators

China's high-tech zones experienced significant growth during the first quarter of this year, with several key economic indicators showing double-digit increases. According to Shanghai...

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