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.

International Declaration by Young Entrepreneurs to promote digital cooperation for emerging economies

A new declaration has been made by leading global young entrepreneurs, calling for stronger actions to boost cooperation in the digital economy to support...

China’s RCEP membership boosts trade value, CPTPP accession to further enhance integration

China's potential accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) could bring tangible economic benefits to participating countries, according to experts...

Mild uptick in CPI and robust GDP growth indicate no deflation in China

Despite the slower pace of price growth in China since the beginning of the year, concerns over deflation in the country are unwarranted, as...

China’s Manufacturing Sector Utilization Rate Stands at 74.5% in Q1

China's industrial capacity utilization rate has fallen to 74.3% in the first quarter of 2023, marking a 1.5% decline compared to the same period...

IMF Experts: China’s Growth to Lift World Economy Amid Global Challenges

The International Monetary Fund (IMF) Resident Representative Office in China and the School of Finance of Nankai University recently held a forum in Tianjin...

Policy Bank in China Increases Support for Water Conservation Projects

China Development Bank (CDB), one of the country's policy banks, has announced its increased financial support for water conservancy projects across China. In the...

Rongchang District Leads the Way in Boosting China’s Private Economy

As China's private companies play an increasingly important role in the country's economy, local governments have been searching for ways to encourage these companies...

Anhui’s Exports Soar 15.5% YoY to $17.2 Billion in Q1 2023

According to a press briefing on Thursday, Anhui province in East China recorded a foreign trade of 177.26 billion yuan ($25.7 billion) in the...

Chinese Government Criticizes US-China Economic and Security Review Commission Report on E-commerce Platforms

China has expressed deep concerns over the recent allegations made against its e-commerce platforms in a research report by the US-China Economic and Security...

Hainan’s Offshore Duty-Free Sales Soar to $26.8 Billion in 12 Years

Haikou Customs reported on Thursday that Hainan, the island province in South China, has generated a whopping 185 billion yuan ($26.8 billion) in total...

Guangzhou Authorities to Boost Private Businesses with New Legislative Changes

Authorities in Guangzhou, the capital of Guangdong province in southern China, are planning new legislative changes to support and boost private businesses. The aim...

China must develop its manufacturing sector towards higher-end, intelligent and better value-added products, experts say.

According to experts, China is expected to expand its high-level opening-up and strengthen international economic and trade cooperation to promote the high-quality development of...

China’s Cultural and Tourism Sectors to Receive Boost from New Campaign

China's Ministry of Culture and Tourism has announced a new campaign to boost consumption in the country's cultural and tourism sectors. Running until the...

China’s Resurging Overseas Demand Set to Bolster 2023 Foreign Trade Growth

China's foreign trade is expected to continue its steady growth in 2023, supported by resurging overseas demand, the country's free trade measures, and various...

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