stock market index
China Drains Cash From Banking System Amid Yuan (CNY USD) Pressures: China withdrew cash from the banking system for a second consecutive month ...
bloomberg.com/news/articles/2024-04-15/china-drains-cash-via-mlf-for-second-month-amid-yuan-concern
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China Loosens Grip on Yuan by Weakening Fix Amid Dollar Strength: China unexpectedly weakened its yuan defense as pressure from a resurgent dollar and poor ...
bloomberg.com/news/articles/2024-04-16/china-loosens-grip-on-yuan-by-weakening-fixing-as-dollar-gains
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🎞️ It was a party outside Hollywood Boulevard's famous TCL Chinese Theater as the stars of the cult-classic film 'Pulp Fiction' celebrated its 30-year ... Show more
China’s Big Data Release to Show If Economy Rebounded
bloomberg.com/news/live-blog/2024-04-16/china-quarterly-gdp-key-data
China Set to Keep Key Rate, Liquidity Steady to Cement Recovery: China may hold a key interest rate and make liquidity abundant this week when a policy loan ...
bloomberg.com/news/articles/2024-04-14/china-set-to-keep-key-rate-liquidity-steady-to-cement-recovery
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BYD Got €3.4 Billion Chinese Aid to Dominate EVs, Study Says: China’s BYD Co. received at least €3.4 billion ($3.7 billion) in direct government subsidies as ...
bloomberg.com/news/articles/2024-04-10/byd-got-3-4-billion-chinese-aid-to-dominate-evs-study-says
China Ramps Up Scrutiny of Illegal Bond Trading on Bubble Risks: China is looking into potentially illegal bond trading behavior by some financial firms ...
bloomberg.com/news/articles/2024-04-15/china-ramps-up-scrutiny-of-illegal-bond-trading-on-bubble-risks
Paid articlePaid Is China’s Economy Finally Sprouting Green Shoots?: Hello, this is Allen Wan in Shanghai.
bloomberg.com/news/newsletters/2024-04-12/is-china-s-economy-finally-sprouting-green-shoots
Upcoming China train station looks like a sanitary pad, say netizens: The design was approved by the the government in Jiangsu province and the China Railway ...
straitstimes.com/asia/east-asia/upcoming-china-train-station-looks-like-a-sanitary-pad-say-netizens
'We are poisoned, everything is polluted': In a Serbian village, women fight to escape an encroaching mine they say is contaminating their local land and water ... Show more www.reuters.com/investigates/special-report/serbia-mine-village/
The World Economic Forum's Special Meeting on Global Collaboration, Growth and Energy for Development will take place 28-29 April 2024 ... Show more #SpecialMeeting24 www.weforum.org/events/special-meeting-on-global-collaboration-growth-and-energy-for-development-2024/
Exclusive: Mexico, facing US pressure, will halt incentives to Chinese EV makers: Mexico's federal government, under pressure from the U.S., is keeping Chinese ...
reuters.com/business/autos-transportation/mexico-facing-us-pressure-will-halt-incentives-chinese-ev-makers-2024-04-18/
Quick Glance: Mexico Ends Incentives for Chinese Electric Vehicle Manufacturers
- Under US pressure, Mexico discontinues incentives for Chinese car manufacturers.
- US pressure compels Mexico to avoid Chinese automakers.
- Mexico caught in the middle of car wars between the US and China.
- US pressure leads to Mexico ceasing incentives for Chinese electric vehicles.
Airlines suspend flights due to Middle East tensions: Global airlines changed flight routes over Iran, canceled some flights, diverted others to alternate ...
reuters.com/world/airlines-suspend-flights-due-middle-east-tensions-2024-04-15/
China Vanke says it faces short-term liquidity pressure: State-backed China Vanke said it is facing short-term liquidity pressure and operational difficulty ...
reuters.com/business/china-vanke-says-it-faces-short-term-liquidity-pressure-2024-04-15/
China’s Credit Expansion Keeps Slowing as Loans Disappoint: China’s credit expansion continued to slow in March and banks extended less loans than expected ...
bloomberg.com/news/articles/2024-04-12/china-s-credit-expansion-beats-expectations-in-march
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Samsung retakes spot as top-selling phonemaker over Apple: Samsung ranked as the top seller among smartphone manufacturers in the first quarter, edging out Apple ...
thehill.com/business/4594854-samsung-retakes-spot-as-top-selling-phonemaker-over-apple/
Quick Glance: iPhone sales plummet. Here's why
- Apple’s smartphone sales dropped by 10% last quarter, primarily due to a sharp decline in sales in China.
- Samsung had been the top smartphone manufacturer for 12 years, but Apple briefly took the top spot last year.
- The global smartphone market is showing signs of recovery with a 7.8% increase in smartphone shipments in the first quarter of 2024.
- Despite expectations for Apple and Samsung to maintain their market dominance, the rise of Huawei and other Chinese manufacturers like Xiaomi and OPPO/OnePlus may continue.
CNY USD: China Maintains Yuan FX Defense After It Tests Policy Red Line: China stuck to a pattern of keeping yuan weakness contained as pressure from a resilient ...
bloomberg.com/news/articles/2024-04-08/china-maintains-yuan-defense-after-it-tests-policy-red-line
Cyber attacks: one in five attacks targets financial institutions. The IMF is worried.
nzz.ch/wirtschaft/cyber-attacken-jeder-fuenfte-angriff-zielt-auf-finanzhaeuser-der-waehrungsfonds-sorgt-sich-um-die-globale-finanzstabilitaet-ld.1826305
China Vanke Seeks to Sell 21.4% Stake in Logistics Operator GLP: China Vanke Co. is seeking to sell its entire stake in logistics firm GLP Pte ...
bloomberg.com/news/articles/2024-04-17/china-vanke-seeks-to-sell-21-4-stake-in-logistics-operator-glp
Paid articlePaid China Tells Mid- to High-End Hotels to Accept Foreign Bank Cards: Chinese hotels with three-star ratings or more have been told to accept payments with foreign ...
bloomberg.com/news/articles/2024-04-09/china-tells-mid-to-high-end-hotels-to-accept-foreign-bank-cards
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China's BYD fires up its car offerings to compete with Tesla and Jeep at the same time
cnbc.com/2024/04/17/chinas-byd-fires-up-nev-offerings-to-compete-with-tesla-and-jeep.html
Exclusive: US airlines, unions urge Biden administration not to approve more China flights
reuters.com/business/aerospace-defense/us-airlines-unions-urge-biden-not-approve-more-china-flights-2024-04-11/
China's big three state-owned airlines are lagging behind as domestic and Asian competitors dramatically improve their bottom lines following the end of ... Show more asia.nikkei.com/Business/Transportation/Big-three-Chinese-airlines-extend-losing-streak-as-rivals-rise-after-COVID
Former China Everbright Group chairman charged with taking bribes, state media reports
reuters.com/world/china/former-china-everbright-group-chairman-charged-with-taking-bribes-state-media-2024-04-12/
China's BYD eyes luxury brands to boost profit margins: GUANGZHOU -- Chinese electric vehicle leader BYD may have no choice but to turn to its luxury brands like ...
asia.nikkei.com/Business/Automobiles/China-s-BYD-eyes-luxury-brands-to-boost-profit-margins
Chinese Developer Shimao Receives Wind-Up Petition in Hong Kong: Defaulted Chinese developer Shimao Group Holdings Ltd. is facing a demand to liquidate from ...
bloomberg.com/news/articles/2024-04-07/chinese-developer-shimao-receives-wind-up-petition-in-hong-kong
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Elon Musk says Tesla needs an "organizational overhaul": The car manufacturer Tesla is laying off over ten percent of its workforce. Read here how the company ...
businessinsider.de/wirtschaft/international-business/elon-musk-sagt-tesla-brauche-organisatorische-ueberarbeitung/
U.S., China to hold more financial shock exercises, Treasury officials say: The U.S. and China are deepening cooperation on financial stability issues, U.S ...
reuters.com/business/finance/us-china-hold-more-financial-shock-exercises-treasury-officials-say-2024-04-08/
Apple iPhone first-quarter shipments sink as Chinese challengers rise; Samsung regains top spot
cnbc.com/2024/04/15/apple-iphone-shipments-sink-as-chinese-challengers-rise-in-q1-idc.html
ASHR: China May Finally Be 'Investable' Again: Discover why Chinese stocks have been labeled as wealth destroyers, but also learn about the potential for ...
seekingalpha.com/article/4682510-ashr-china-may-finally-be-investable-again
Paid articlePaid China’s ICBC Plans $5.5 Billion Sale of Loss-Absorbing Bonds: Industrial and Commercial Bank of China Ltd. is planning to issue as much as 40 billion yuan ($5 ...
bloomberg.com/news/articles/2024-04-09/china-s-icbc-plans-5-5-billion-sale-of-loss-absorbing-bonds
Paid articlePaid Sales of electric passenger vehicles in China rose 10.5% in March from the same month a year earlier as automakers, led by popular BYD ... Show more www.reuters.com/business/autos-transportation/chinas-car-sales-rise-57-yy-march-2024-04-09/
China Airlines Slump on US Moves to Limit Flight Frequencies: Shares of China’s biggest airlines slumped on Friday as investors reacted to news that US carriers ...
bloomberg.com/news/articles/2024-04-12/china-airlines-slump-on-us-moves-to-limit-flight-frequencies
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Should You Pack Lunchables for Your Kid’s School Lunch?: Lunchables and similar meal kits are convenient, but are they a healthy choice?
consumerreports.org/health/lunch-and-snack-packs/should-you-pack-lunchables-for-your-kids-school-lunch-a1165583878/
China's BYD unveils three new models for its off-road Fangchengbao lineup: BYD has unveiled three new models, including two concept cars, under its premium brand ...
reuters.com/business/autos-transportation/chinas-byd-unveils-three-new-models-its-off-road-fangchengbao-lineup-2024-04-17/
Vanke Readies $18 Billion of Assets as Collateral for New Loans: China Vanke Co., the Chinese state-backed developer that’s become the latest flashpoint in the ...
bloomberg.com/news/articles/2024-04-15/vanke-readies-18-billion-of-assets-as-collateral-for-new-loans
Paid articlePaid China c.bank set to leave policy rate unchanged, drain some liquidity: China's central bank is set to leave a key policy rate unchanged when rolling over ...
reuters.com/markets/asia/china-cbank-set-leave-policy-rate-unchanged-drain-some-liquidity-2024-04-12/
Top banker exiting CICC for China sovereign fund due to brother's regulator role, sources say
reuters.com/world/china/top-banker-exiting-cicc-china-sovereign-fund-due-brothers-regulator-role-sources-2024-04-12/
China Vanke Tumbles to Decade Low as Manager Probe Adds to Woes: Shares and bonds of China Vanke Co. extended declines in afternoon trading as the developer said ...
bloomberg.com/news/articles/2024-04-10/china-vanke-tumbles-to-decade-low-as-manager-probe-adds-to-woes
CNA Explains: Are China's EVs here to stay despite slow start to 2024?: CNA looks at the story behind Beijing's EV boom, the hurdles ahead and what it ...
channelnewsasia.com/asia/china-evs-electric-vehicles-cna-explains-byd-xpeng-nio-catl-tesla-4252576
America’s moves against Chinese biotech will hurt patients at home : The motives behind the BIOSECURE act are muddy
economist.com/leaders/2024/04/18/americas-moves-against-chinese-biotech-will-hurt-patients-at-home
China Vanke Extends Housing Sales Slump With 43% Decline: China Vanke Co., at one time the largest listed developer in the country, suffered another slump last ...
bloomberg.com/news/articles/2024-04-03/china-vanke-extends-housing-sales-slump-with-43-decline
Paid articlePaid Russian companies are facing growing hurdles when making payments to China, two Russian news outlets reported, with one saying transactions involving ... Show more www.reuters.com/business/finance/china-tightens-russia-payments-scrutiny-hitting-electronics-components-say-2024-04-12/
BYD Unveils Two Models in Latest Luxury SUV Push: BYD Co. doubled-down on its expansion into luxury sport utility vehicles and off-roaders with two new models to ...
bloomberg.com/news/articles/2024-04-16/byd-unveils-two-models-in-latest-luxury-sport-utility-push
Paid articlePaid Ping An Trust delays repayment, citing China property market woes: A subsidiary of China's Ping An Insurance failed to repay a roughly $107 million trust product ...
reuters.com/world/china/ping-an-trust-delays-repayment-citing-china-property-market-woes-2024-04-11/
Scania Warns Chinese Electric Trucks Are Set to Take on Europe: After pushing into Europe with their electric cars, Chinese manufacturers such as BYD Co ...
bloomberg.com/news/articles/2024-04-04/scania-warns-chinese-electric-trucks-are-set-to-take-on-europe
S&P slashes property giant China Vanke's credit rating to junk: There was more bad news for the battered Chinese property sector on Wednesday ...
reuters.com/world/china/sp-slashes-property-giant-china-vankes-credit-rating-junk-2024-04-10/
China commerce minister kickstarts Europe trip with Chinese EV firms meeting: China's commerce minister kicked off a trip to Europe by meeting top Chinese ...
reuters.com/world/china/china-says-us-europe-accusations-overcapacity-are-groundless-2024-04-08/
Yuan Sinks Toward Limit of Allowed Range, Risking PBOC Pushback: China’s defense of its currency is heading toward a milestone moment that may trigger a more ...
bloomberg.com/news/articles/2024-04-03/china-s-tussle-with-yuan-bears-risks-triggering-sharp-response
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Chinese state-owned bank seeks liquidation of property developer Shimao: Steps taken in Hong Kong by China Construction Bank signal creditors’ growing impatience ...
ft.com/content/547a83ef-262e-427c-b873-8e19138d9c7c
London, UK to Singapore for only £448 roundtrip: Cheap flights from London, UK to Singapore for only £448 roundtrip.
secretflying.com/posts/london-uk-singapore-303-roundtrip/
Janet Yellen tackles China over flood of cheap goods: Janet Yellen has kicked off her second visit to China as US treasury secretary with a warning of the risk ...
cnn.com/2024/04/04/business/yellen-us-china-economic-relations-hnk-intl/
Quick Glance: Yellen Warns China of Overproduction Risks
- Janet Yellen has warned China during her second visit as US Treasury Secretary about the risks to jobs and businesses posed by the overproduction of certain goods.
- Yellen highlighted the consequences of the overcapacity of Chinese goods in key industries such as electric vehicles and solar panels, stating that this could impact American firms, workers, and companies globally.
- She discussed potential trade barriers that could be considered if China does not respond to warnings about overcapacity, emphasizing that China is flooding the global market with cheap, state-subsidized products.
- Yellen emphasized the importance of a level playing field for companies and workers in both countries and continued her discussions on bilateral cooperation in areas such as climate change and financial stability with Chinese counterparts.
BYD’s affordable Seagull EV poised to arrive as the UK’s cheapest electric car: BYD’s most affordable Seagull EV, starting under $10,000 (69,800 yuan) ...
electrek.co/2024/04/03/byds-affordable-seagull-likely-launch-uks-cheapest-ev/
India's Vedanta surges to near two-year high on CLSA upgrade: Indian miner Vedanta's shares rose 6.7% to their highest in nearly two years after CLSA upgraded ...
reuters.com/world/india/indias-vedanta-surges-near-two-year-high-clsa-upgrade-2024-04-10/
How Tesla and its Chinese competitor compare, in 4 charts: The Shenzhen-based firm has become the world’s leading manufacturer of electric vehicles (EVs) ...
cnn.com/2024/04/03/cars/china-tesla-byd-competition-hnk-intl-dg/
Quick Glance: Comparing Tesla and Its Chinese Rival
- BYD surpassed Tesla in global electric vehicle sales in the last quarter of 2023, but they remain neck and neck.
- Tesla is the world's most valuable car company with a market cap of $560 billion, while BYD ranks among the top 10 automakers.
- BYD's competitive pricing has propelled its rise in the EV market, while Tesla, although cutting prices in China, remains more expensive than BYD.
- Both companies are expanding beyond their home markets, with Tesla in China and BYD in the USA and abroad.
Morning Bid: Seeking shield from rising yield: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-04-08/
Meet the Robots Slicing Your Barbecue Ribs: The meatpacking industry is investing billions of dollars to automate notoriously difficult jobs.
on.wsj.com/3JdWo9y
BYD Yangwang U8 2024: Price, Specs, Availability: Meet the tank-turning, 4-ton Yangwang U8 from BYD. It’s the world’s most powerful SUV—and yes ...
wired.com/story/this-chinese-luxury-hybrid-suv-combines-a-tank-a-bentley-and-a-boat/
SUMMER: Business Class from Seoul, South Korea to Dubai, UAE for only $1006 USD roundtrip (lie-flat seats)
secretflying.com/posts/business-class-from-seoul-south-korea-to-dubai-uae-for-only-1006-usd-roundtrip/
SEPTA cancels $185 million Chinese contract for double-decker Regional Rail cars: SEPTA says the company's rail cars were plagued by problems, and the project ...
inquirer.com/transportation/septa-train-car-contract-canceled-20240412.html
More Chinese banks need to take a hard stance on easy loans: With the country’s property crisis in its fourth year, loan yields have started to fall and profit ...
ft.com/content/4fb783cf-1768-457a-9c0b-90341acb2dd5
Sixt: The rental car company and the “absolute electric car catastrophe”: Rental car entrepreneur Erich Sixt has always castigated the electric car as an ...
wiwo.de/unternehmen/auto/elektro-mietwagen-erich-sixts-soehne-und-die-absolute-e-auto-katastrophe/29750822.html
Tesla is scrapping its long-promised cheap electric vehicle in favor of robotaxis, report says
qz.com/elon-musk-tesla-cancel-cheap-ev-turn-self-driving-1851390873
Quick Glance: Elon Musk's Behavior Impacting Tesla's Sales and Reputation
- A growing number of EV shoppers are increasingly put off by Elon Musk’s behavior and politics.
- Musk has increasingly focused on controversy and politics, negatively affecting Tesla's reputation and sales.
- Tesla disclosed disappointing delivery numbers for the first quarter, with Musk's controversial behavior likely leading some consumers to explore alternatives.
- Musk scored low in trust surveys, with many EV shoppers now seeking alternatives to Tesla to avoid his behavior and politics.
Why visiting a workshop with an electric car is usually expensive: When the electric cars have to go to the workshop for repairs, the owners quickly face ...
businessinsider.de/wirtschaft/warum-der-besuch-einer-werkstatt-mit-dem-e-auto-meist-teuer-wird/
The Dow flies higher on United and other airlines stocks: The stock market opened higher on Wednesday as Treasury yields retreated
qz.com/dow-jones-airline-stocks-united-airlines-american-airli-1851415919
Tesla reclaims EV crown from BYD amid overall sales drop: PALO ALTO, California -- Tesla has reclaimed the title of the world's top EV seller in the ...
asia.nikkei.com/Business/Automobiles/Tesla-reclaims-EV-crown-from-BYD-amid-overall-sales-drop
2 Chinese giant pandas destined for San Francisco next year: China will send a pair of
scmp.com/news/china/diplomacy/article/3259674/2-chinese-giant-pandas-destined-san-francisco-next-year
Morning Bid: Wall St eclipsed as June Fed cut in balance: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-08/
Chinese auto giants to sell hybrid, EV pickup trucks in Thailand: BANGKOK -- Chinese auto giants are poised to challenge Japan's dominance in ...
asia.nikkei.com/Business/Automobiles/Chinese-auto-giants-to-sell-hybrid-EV-pickup-trucks-in-Thailand
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Why Yellen’s reflation pleas fall flat in Beijing: The People’s Bank of China is giving a whole new meaning to “monetary science.” Asia’s biggest economy's ...
asiatimes.com/2024/04/why-yellens-reflation-pleas-fall-flat-in-beijing/
China blows off EU turbine probe as an ill wind: The European Union was accused by Beijing of protectionism after it launched an anti-subsidy investigation into ...
asiatimes.com/2024/04/china-blows-off-eu-turbine-probe-as-an-ill-wind/
HSBC's chairman says Asia business spin-off 'will not happen': HSBC Chairman Mark Tucker told the bank's shareholders in Hong Kong on Wednesday a spin-off of its ...
reuters.com/business/finance/hsbcs-chairman-says-asia-business-spin-off-will-not-happen-2024-04-03/
China Plans to Ditch Intel, AMD Chips in Telecom Networks: China makes another move toward phasing out all foreign chips, this time targeting its telecom ...
pcmag.com/news/china-ditch-intel-amd-chips-telecom-networks
BYD Threatens More Than Just Tesla in Push Into Electric SUVs and Premium Cars: BYD’s premium Fang Cheng Bao brand showcased its Bao 8 SUV as well as two ...
on.barrons.com/4d2cosS
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