GLOBEALERT
Sign in

Feed

Open sources, classified and cross-checked. 25+ stories.

AllConflictMilitaryPoliticsBusinessSci & TechCyberDisasterHealthWorld
24h3 days7 days30 daysAll·All regionsNorth AmericaSouth AmericaWestern EuropeEastern EuropeBalticsMiddle EastNorth AfricaSub-Saharan AfricaSouth AsiaEast AsiaOceania
BUSINESS2h agoHong Kong touts distinct features to set it apart from London in global gold hub pushDistinctive features will set Hong Kong apart from London, a major bullion hub, as the city accelerates efforts to develop an international gold and precious metals trading ecosystem covering the entire value chain, a minister has told the South China Morning Post. In an exclusive interview on Thursday, Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said the city would officially launch a central gold clearing platform in the first quarter of next year. It would...South China Morning Post
BUSINESS3h agoS . Korea , US hold first 2+2 meeting of finance , monetarySouth Korea and the US held their first 2+2 meeting focusing on finance and monetary issues, marking a significant step in their economic diplomacy. This highlights cooperation on financial stability and policy between the two nations.koreaherald.com · South Korea
BUSINESS4h agoForeign banks trim China branch networks as low returns test strategyAlmost two decades after gaining permission to conduct yuan business for local clients, foreign-funded banks are still refining their strategy in China, where the financial sector is dominated by state-owned lenders. While Citi exited its China retail banking business, other foreign banks have continued to close branches and sub-branches, focusing instead on digitalisation, wealth management and core clients to strengthen their foothold in the market. Deutsche Bank (China) announced the closure...South China Morning Post
BUSINESS5h ago‘Hot economics, cold politics’: why China gave nod for expanded Japanese trade tripBeijing’s decision to allow a bigger Japanese business delegation to go to China next month may be cause for some optimism but “hot economics and cold politics” will continue to dominate the strained relationship between the two countries, observers say. Kyodo news agency reported this week that Beijing had agreed to allow the Japanese Business Federation – the country’s most influential business lobby, also known as Keidanren – to expand its delegation coming to China next month. The group will...South China Morning Post
BUSINESS6h agoMalaysia’s shoppers love Chinese e-commerce. Its factories pay the priceIn hindsight, it was only a matter of time before Esha Yusof joined the growing ranks of Malaysian shoppers being drawn to Chinese e-commerce giant Pinduoduo. Esha is a relative newcomer. She signed up in July, more than half a year after the platform launched in Malaysia – and has been smitten with it ever since. Rock-bottom prices, a vast range of products and seamless payments through a popular local e-wallet make it easy for the 32-year-old to spend an average of 500 ringgit (US$122) a month...South China Morning Post
BUSINESS7h agoUS - China blame game over global economy tilts in Beijing favor | National NewsThe ongoing dispute between the US and China regarding the global economy is increasingly favoring Beijing's narrative. This development signifies a shift in perception concerning economic influence between the two nations.hanfordsentinel.com · United States
BUSINESS10h agoWhat's next for Chinese EV competition?This article explores future developments in Chinese electric vehicle competition. It addresses an ongoing economic trend in the automotive sector.Seeking Alpha Tech
BUSINESS14h ago₹1 . 3 lakh shopping in Japan , no receipts : Traveller customs dilemma raises a question for IndiansA traveller's customs dilemma in Japan concerning shopping without receipts raises questions for Indians, highlighting an issue with international regulations and personal finance.livemint.com · India
BUSINESS15h agoPrudential Financial estimates $140M hit to Q3 earnings from JapanPrudential Financial anticipates a significant financial impact on its third-quarter earnings originating from Japan. This indicates a potential financial setback for the company related to its operations in that region.Seeking Alpha Tech
BUSINESS17h agoAnti-China protectionism backfiring on American carmakers’ EV plans: analystWhile Washington’s efforts to block Chinese electric vehicles (EVs) were originally intended to protect its domestic automotive industry, they have sparked concerns the strategy is hurting America’s carmaking competitiveness. With a lack of a coherent industrial policy discouraging long-term investment, the protectionist approach was backfiring on Detroit’s EV transition, said David Zhang, a macroeconomics and policy analyst at Trivium China, who added that EVs could be a “perfect concession” in...South China Morning Post
BUSINESS17h agoChina Sufficient Gas Stocks Could Ease Winter Supply ConcernsChina's sufficient gas stocks may alleviate concerns about winter supply. This development suggests potential stability in energy markets and reduced energy insecurity for the region.oilprice.com · United States
BUSINESS18h agoWhy is China buying up gold?Beijing’s gold purchases reflect a shift away from reliance on US dollar assets, experts say.Al Jazeera [en]
BUSINESS19h agoTexas Capital cools on Melco Resorts amid Macau pressuresTexas Capital has reportedly cooled its stance on Melco Resorts due to pressures in Macau. This suggests a potential impact on investment in the gaming industry within the region.Seeking Alpha Tech
BUSINESS19h agoStocks rebound after tech sell - off and Indonesia shares sink on market downgrade warningStock markets are showing a rebound after a tech sector sell-off, while Indonesian shares have declined due to a market downgrade warning. This indicates divergent performances and concerns across global financial markets.isp.netscape.com · United States
BUSINESS19h agoCanada should be cautious about deepening trade with China , says Tokyo - based academicA Tokyo-based academic advises Canada to exercise caution regarding increasing trade with China. This highlights an expert opinion on international economic policy and relations.theglobeandmail.com · Canada
BUSINESS19h agoJinkoSolar’s Jiangxi Jinko projects up to RMB4.41B adjusted lossJiangxi Jinko, a subsidiary of JinkoSolar, is projecting a significant adjusted loss. This indicates a challenging financial outlook for the company and potentially the solar industry.Seeking Alpha Tech
BUSINESS20h agoChina’s AI boom, self-sufficiency push fuel earnings surge for local chip firmsChinese chip and tech firms have flagged as much as six-fold growth in unaudited third-quarter profits, as huge demand for home-grown processors and artificial intelligence infrastructure filters through links in the supply chain amid the country’s push for self-reliance. Shanghai-listed Yuanjie Semiconductor Technology expected its quarterly net profit to land between 403 million yuan and 453 million yuan, up 579 per cent to 660 per cent from a year earlier. The maker of laser chips for optical...South China Morning Post
BUSINESS20h agoChina-North Korea border bridge may do little to spur trade, experts saySanctions and a North Korean leadership that prioritises security dim prospects for trade, analysts say.Al Jazeera [en]
BUSINESS21h agoEU backs trade ‘kill switch’, China exports surge, third-quarter GDPEuropean Union leaders supported creating a tool to potentially shut out Chinese goods as a growing flood of low-cost imports pushed the bilateral trade deficit to a record. Officials could start work on developing a trade “kill switch”, European Commission President Ursula von der Leyen signalled to EU leaders at a Brussels meeting on Thursday, the South China Morning Post reported, citing unidentified people briefed on the talks. Leaders requested a proposal by year-end, Bloomberg News said....South China Morning Post
BUSINESS21h agoIndonesia’s central bank insists it is independent. Investors want proofIndonesia has spent months trying to persuade investors that its economy is on the right course. A weakening rupiah, mounting budgetary pressures and a series of contentious policy decisions have made that task harder. Doubts about the management of Southeast Asia’s largest economy have now coalesced around its central bank, whose independence has come under intense scrutiny recently as President Prabowo Subianto seeks to steer economic policy. The appointment of Destry Damayanti – initially as...South China Morning Post
BUSINESS21h agoLi Auto secures equity financing for chip businessSeeking Alpha Tech
BUSINESS21h agoLVMH touts ‘special bond’ with China as ‘subdued’ backdrop weighs on salesFrench luxury giant LVMH Group kicked off a global open-house event showcasing its craftsmanship in Shanghai on Thursday, as the event’s founder Antoine Arnault hailed a “special bond” with Chinese customers at a launch event in Paris. It came as the group faced pressure from sluggish demand in China and a backlash over a lawsuit against a local tea company. At the launch event at the Samaritaine department store in central Paris for this year’s Les Journées Particulières, first initiated by...South China Morning Post
BUSINESS22h agoNon-tariff barriers are biggest hurdle in India-China trade, says Nirmala SitharamanIndia-U.S. trade agreement would be concluded at the earliest, in the interest of global trade and bilateral economic ties between the two countries, says the Union Finance MinisterThe Hindu
BUSINESS22h agoStocks rebound after tech sell - off and Indonesia shares sink on market downgrade warningGlobal stocks are rebounding after a tech sell-off, while Indonesia's shares have fallen due to a market downgrade warning. This indicates fluctuating market conditions and specific regional economic concerns.therecord.com · Canada
Older →