Tag: China
China-linked Security Breach Targets U.S. Wiretap Systems
Recently, there has been a cyberattack on U.S. broadband providers that is believed to be linked to the Chinese government. The attack targeted wiretap...
China’s Annual Growth Target Likely to Be Missed – Economic Analysis and Forecast
The recent economic data from China has been disappointing, leading to a revision in the annual GDP growth forecast for 2024. The country's economy...
China’s Monetary Policy Framework Reforms: What You Need to Know
China's Monetary Policy Framework Reforms: What You Need to KnowThe Governor of the People's Bank of China, Pan Gongsheng, recently gave a speech at...
Hugo Boss Stock Drops 9% After Cutting 2024 Guidance Due to China Demand Decline
Hugo Boss, the German luxury fashion house, saw its stock drop by 9% after revising its sales guidance for 2024 due to a decline...
MLF Day in China: People’s Bank of China Not Expected to Cut Rates |...
The People's Bank of China announced on the 15th of this month that the Medium-term Lending Facility (MLF) rate will remain at 2.5%. This...
China Increases Oversight of Big Four Audit Firms Amid Evergrande Investigation – Reuters
China has intensified its supervision of the Big Four auditing firms, including Deloitte, EY, PwC, and KPMG, amid growing concerns about corporate malpractice. The...
China’s Renewable Energy Expansion Struggles with Grid Capacity Limits
China's renewable energy expansion has reached unprecedented levels, with the country deploying record-breaking amounts of wind and solar capacity. However, this rapid growth has...
Australian Dollar Strengthens as China’s Manufacturing PMI Beats Expectations
The Australian Dollar paused its decline after China's Manufacturing PMI surpassed expectations. Australia's own Manufacturing PMI fell for the fifth straight month to 47.2...
China Resumes Buying Precious Metals: What It Means for the Market
China has recently resumed buying precious metals, causing a bullish trend in the market. Shanghai Futures Exchange (SHFE) traders are holding large positions in...
Berkshire Hathaway Reduces Stake in Chinese EV Maker BYD to 6.9%
Warren Buffett, speaking during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, has been making headlines for reducing the company's stake in Chinese...
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Top Stock Movers After Hours: Netflix, Oracle, United Airlines, Interactive Brokers
Stock Market Update: Top Stock Movers After HoursIn a surprising turn of events, several major companies experienced significant movement in their stock prices after...
