News

Typhoon Dolphin Nears Eastern China, Closing Schools and Grounding Flights

Typhoon Dolphin approaches eastern China, shutting schools, ports and tourist sites in Zhejiang and disrupting flights across Shanghai and beyond.

Vanguard Acquires Fintech Platform Altruist in $4 Billion Deal

Vanguard has agreed to buy fintech platform Altruist for about $4 billion, expanding its reach into the independent financial advice market.

Druckenmiller Warns Bessent Will Lose Battle to Suppress US Bond Yields

Billionaire investor Stanley Druckenmiller warned on August 25 that his former protege Scott Bessent cannot win his effort to suppress US bond yields.

US Core Inflation Rises 3.3% in July, Clouding Fed’s Rate Path

US core PCE prices rose 3.3% annually in July, below forecasts but above the Fed's 2% target, clouding the outlook for September interest rate decisions.

Treasury Yields Hold Flat After Sticky PCE Data Ahead of Jackson Hole

The 10-year Treasury yield held flat Wednesday after core PCE inflation came in as expected, keeping Fed rate-hike bets intact before Jackson Hole.

The Belt and Road Initiative: Bridging Development Gaps for the Global South

The Belt and Road Initiative (BRI), proposed by China, has gained considerable attention, especially from the Global South. It aims to promote infrastructure development...

China Evergrande Crisis: From “Too Big to Fail” to “Too Complex to Exist”?

As China Evergrande Group (3333.HK) faced a series of challenges over the past two years, the Beijing government refrained from intervening directly, despite the...

China and Nepal: Strengthening Ties through BRI Cooperation

On September 26, during Nepali Prime Minister Pushpa Kamal Dahal Prachanda's official visit to China, both nations released a joint declaration underlining their commitment...

The Ouster of US House Speaker Kevin McCarthy: Unraveling American Democracy

In a historic turn of events, US House Speaker Kevin McCarthy was removed from his leadership post on Tuesday, marking him as the shortest-serving...

Bipartisan U.S. Senate Delegation Visits China: Fostering Understanding and Dialogue

China has extended a warm welcome to U.S. Senate Majority Leader Chuck Schumer, who is set to lead a bipartisan delegation of senators on...

China’s National Day Box Office Triumph: Unveiling the Multi-Billion Yuan Film Industry

Expanding an article to 1800 words from a brief news update about China's box office during the National Day holiday is quite a substantial...

China’s Discontent with EU’s Electric Vehicle Investigation: A Deep Dive

In a recent development, China has expressed vehement dissatisfaction with the European Union's (EU) countervailing duty investigation on Chinese electric vehicles (EVs). The Chinese...

Shanghai Boosts Expat-Friendly Financial Reforms to Attract Global Investment

Shanghai, in a bid to attract and reassure foreign investors, is looking to simplify the process of mobile payments and ATM withdrawals for expatriates...

China’s Triumph at Artistic Gymnastics World Championships: Journey to the Paris Olympics

Antwerp, Belgium witnessed a remarkable display of grace, strength, and precision when China's women's gymnastics team clinched their place in the finals at the...

China-Brazil Trade Relations: Milestones, Challenges, and Future Prospects

China and Brazil, two economic powerhouses on opposite sides of the globe, have recently achieved a significant milestone in their trade relationship. For the...

Former Taiwanese President Ma Ying-jeou Boycotts Double Tenth Holiday Over Controversial Slogan

Former Taiwanese President Ma Ying-jeou has taken a stand against the ruling Democratic Progressive Party (DPP) government's perceived efforts to promote independence for Taiwan....

China’s 2023 Growth Forecast: Quality Over Quantity in East Asia and Pacific

As financial markets around the globe closely monitor the latest updates and economic trends, the World Bank has recently come forward with its projections...

Xinjiang Unveiled: International Journalists Chronicle a Region’s Resurgence

When 22 journalists, representing 17 nations, embarked on a nine-day tour of northwest China's Xinjiang Uygur Autonomous Region, the shared consensus was admiration and...

Q4 Begins with MSCI Index Dip Amid Rising US Treasury Yields

Introduction As the fourth quarter gets underway, MSCI's global stock index faces a downward slide. This has been attributed to rising U.S. Treasury yields and...

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