China
China’s industrial profits post faster gains in June despite faltering economy
A Chinese flag in Pudong’s Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023. Raul Ariano | Bloomberg | Getty Images China’s industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers’ sentiment amid a shaky economic recovery. A 3.6% […]
Read More
Rich Chinese travelers are flocking to Tokyo to take advantage of the weak yen
Chuo Ward, Tokyo, Japan – February 23, 2018; Top luxury shopping streets with multi colored neon signs. Ginza avenues are lined with shops of expensive brands and restaurants in the heart of Tokyo. It is half past five p.m. on Friday. People flock to Ginza for shopping, dinner and drinking with their friends. Ginza became […]
Read More
NORAD says it tracked Chinese and Russian long-range bombers off Alaska
In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin and China’s President Xi Jinping attend an official welcoming ceremony in front of the Great Hall of the People in Tiananmen Square in Beijing on May 16, 2024. Sergei Bobylyov | Afp | Getty Images Two Chinese and two Russian […]
Read More
Chinese banks cut deposit rates to relieve squeezed margins
The Agricultural Bank of China Ltd. Guangdong branch, left, stands near high-rise construction projects in the Zhujiang New Town district of Guangzhou, Guangdong Province, China. Brent Lewin | Bloomberg | Getty Images Five of China’s major state-owned banks on Thursday cut deposit rates to cushion a hit to their already record low margins after this week’s surprise lowering of lending […]
Read More
Chinese banks cut deposit rates to relieve squeezed margins
The Agricultural Bank of China Ltd. Guangdong branch, left, stands near high-rise construction projects in the Zhujiang New Town district of Guangzhou, Guangdong Province, China. Brent Lewin | Bloomberg | Getty Images Five of China’s major state-owned banks on Thursday cut deposit rates to cushion a hit to their already record low margins after this week’s surprise lowering of lending […]
Read More
TSMC shares were rocky last week. This is where Wall Street says the stock is headed
Shares of Taiwan Semiconductor Manufacturing Company (TSMC) were rocked by geopolitical developments from the U.S. last week, even as the firm reported earnings that beat expectations. TSMC and other semiconductor shares fell last Wednesday after reports of potentially tighter restrictions surfaced. Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to […]
Read More
How CrowdStrike caused a global IT meltdown and what comes next
Last week, the world faced what was likely the biggest IT failure in history. When some people around the world logged onto their laptops on Friday, they were greeted with a blue error screen on their Microsoft Windows operating system. But this was not a Microsoft issue. It was all to do with a U.S. […]
Read More
Palestinian rivals Hamas and Fatah sign reconciliation agreement in China
Rival Palestinian factions Hamas and Fatah agreed to end their long-standing enmity and work to form a national unity government following talks held in China, Chinese state media reported Tuesday. “On the morning of July 23, the closing ceremony of the reconciliation dialogue among Palestinian factions was held in Beijing. Representatives of Palestinian factions signed […]
Read More
U.S., Japan to hold high-level security talks on nuclear deterrence
Foreign and defense ministers from Japan and the United States will hold security talks on July 28 that for the first time will cover “extended deterrence”, a term used to describe the U.S. commitment to use its nuclear forces to deter attacks on allies. Wong Yu Liang | Moment | Getty Images Foreign and defense […]
Read More