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China Crisis Series

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Third world countries are not so third now, in last decade, emerging markets, led by China gained into prominence as a driver of global economy, contributing more than half of world's GDP and China in second place. In today's modern financial world, China can't just be ignored, however due to opaque nature of Chinese data and their secrecy, sighting true insight on the country remains a challenge. In this series, we at EconoTimes, take up the challenge to present our readers true, market moving insights.

China Crisis Series

Can China’s stimulus blitz fix its flagging economy?

Oct 08, 2024 16:46 pm UTC| Insights & Views Economy

Pan Gongsheng, the governor of Chinas central bank, announced a raft of measures on September 24 aimed at boosting the countrys flagging economy. The move, which came a week before the 75th anniversary of communist party...

China Crisis Series

UBS, 중국 시장 어려움으로 지멘스 헬시니어스 전망 하향 조정

Sep 26, 2024 22:59 pm UTC| Economy

지멘스 헬시니어스(Siemens Healthineers AG, 프랑크푸르트 증권거래소: SHLG)에 대한 UBS의 투자의견이 매수에서 중립으로 하향 조정됐다. 이는 회사의 중기 성장 전망에 대한 우려를 반영한 것이다. 이러한 하향 조정은 지멘스...

China Crisis Series

중국 경기부양책 수요 영향 주목하며 유가 하락

Sep 26, 2024 22:33 pm UTC| Economy

로이터 통신에 따르면, 수요일 유가가 1% 이상 하락하였다. 이는 투자자들이 중국의 최신 경기부양책이 세계 최대 원유 수입국인 중국의 경제를 부양하고 연료 수요를 촉진할 수 있을지 재평가한 결과이다. 다만, 미국의 원유 및 연료...

China Crisis Series

유럽 기업들, 중국 개혁 약속 회의적... 투자 관심 감소

Sep 13, 2024 02:00 am UTC| Business

유럽연합상공회의소 보고서에 따르면 중국 내 유럽 기업들은 정부가 오래전부터 약속한 경제 개혁을 이행할 수 있다는 자신감을 잃고 있다. 이익률 감소와 투자 축소로 인해 기업들은 중국 시장에서의 운영을 재평가하고 있다. 9월 11일...

China Crisis Series

BYD와 지리, 중국 자동차 시장 급성장 주도… 국영 업체들 고전

Sep 10, 2024 14:13 pm UTC| Business

BYD와 지리가 2023년 상반기에 전기차 강세와 전략적 가격 인하를 통해 상당한 수익 성장을 보고했다. 반면, 상하이자동차(SAIC Motor)와 광저우자동차(GAC) 등 국영 자동차 제조업체들은 경쟁이 심화되면서 수익이 감소했다. BYD와...

China Crisis Series

중국의 석유 수요 상황은?

Sep 06, 2024 07:38 am UTC| Economy

외신보도에 따르면, 오랜 기간 글로벌 석유 수요를 주도해 온 중국이 최근 몇십 년 사이 가장 급격한 석유 소비 둔화를 겪고 있다. 번스타인(Bernstein) 애널리스트들은 목요일 메모에서 중국의 석유 수요는 최근 15년 동안(코로나19...

China Crisis Series

China’s new world order: looking for clues from Xi’s recent meetings with foreign leaders

Apr 22, 2024 03:31 am UTC| Insights & Views Economy

There is broad consensus that Chinese foreign policy has become more assertive and more centralised in the decade since Xi Jinping has ascended to the top of Chinas leadership. This has also meant that Chinese foreign...

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Economy

Canadian Dollar Slides as Fed Rate Hike Bets Boost US Dollar

The Canadian dollar weakened on Friday and was on track for its sharpest weekly decline in more than two months, as a stronger U.S. dollar overshadowed surprisingly robust Canadian economic growth. The loonie traded near...

Bessent Defends US Yen Intervention Over Treasury Market Risks

U.S. Treasury Secretary Scott Bessent has defended Washingtons decision to support the Japanese yen in late July, arguing that severe currency volatility could threaten global financial stability and ultimately push U.S....

US Dollar Hits Two-Week High After Hawkish Fed Speech

The U.S. dollar climbed to a near two-week high on Friday after Federal Reserve Chair Kevin Warsh delivered a hawkish message at the Jackson Hole Economic Policy Symposium, strengthening expectations for a September...

Oil Prices Slip as Venezuela Supply Prospects Weigh on Market

Oil prices edged lower on Friday as traders assessed reports that the United States was nearing a deal for long-term access to Venezuelan crude reserves, potentially opening the door to billions of dollars in investment...

Gold Prices Tumble 3% After Hawkish Fed Speech Boosts Dollar

Gold prices fell sharply on Friday as the U.S. dollar strengthened following Federal Reserve Chair Kevin Warshs hawkish Jackson Hole speech, prompting traders to increase bets on a September interest rate hike. Spot gold...

Politics

Nepal Declines Foreign Rescue Aid After Deadly Flash Flood

Nepal has said it does not currently require foreign search-and-rescue assistance following a devastating flash flood that killed nearly 500 people and left hundreds of foreign nationals missing. The disaster struck...

Norway’s King Harald Dies at 89, Haakon VIII Takes Throne

Norways King Harald has died at the age of 89 after more than three decades on the throne, ending a reign marked by modernization, national unity and enduring public support. The Norwegian royal palace said Harald died...

Israeli Airstrike Kills Hamas Operative, Two Others in West Bank

An Israeli airstrike killed a Hamas operative and two other people in the occupied West Bank on Friday, marking a relatively rare use of deadly air power in the territory amid heightened Israeli-Palestinian violence. The...

Iran Condemns New US Sanctions as Hormuz Standoff Deepens

Iran condemned a fresh U.S. economic pressure campaign on Friday, calling the measures state terrorism as Tehran faces soaring inflation, mounting financial strain and continued tensions over the Strait of Hormuz six...

Tennessee Plans to Rename Nashville Airport After Dolly Parton

Tennessee officials plan to rename Nashville International Airport in honor of country music legend Dolly Parton, who died earlier this week at age 80 in Nashville. The proposed name change follows a social media campaign...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns

Pinterest Inc. (NYSE: PINS) shares fell sharply in after-hours trading on Friday after the social media company announced the resignation of Chief Financial Officer Julia Brau Donnelly, prompting investor attention on the...

PayPal Shares Sink as $50 Billion Takeover Bid Collapses

PayPal Holdings (NASDAQ: PYPL) shares plunged in extended trading after a consortium led by private equity firm Advent International and payments giant Stripe reportedly ended its pursuit of the digital payments company....

Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns

Nvidia has temporarily halted some deals tied to a recently introduced financing program for artificial intelligence cloud companies, amid internal concerns that the arrangement could attract greater antitrust scrutiny,...

Google Changes EU Spam Policy Amid Antitrust Scrutiny

Google has revised its spam policy in Europe after concerns from European Union regulators raised the possibility of a significant antitrust fine for Alphabet, the search giants parent company. The company said Friday that...

U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China

The U.S. government is investigating Singapore-based Apex Logistics over allegations that the freight company helped transport Nvidia AI chips and computer systems to China despite U.S. export restrictions, Bloomberg...