Despite significant macro risks ahead—including looming tariffs and weak consumer spending—markets remain buoyant, with the S&P 500 hitting a record high of 6,173.07 and futures rising further. Investors appear to be expecting either a tariff deadline extension or Federal Reserve rate cuts to support stocks. The S&P 500 set a new record on Friday and…
By Siddharth Cavale NEW YORK (Reuters) -Prices for goods made in China and sold on Amazon.com (AMZN) have been rising faster than overall inflation, according to an analysis of 1,400 different products conducted exclusively for Reuters by the analytics firm DataWeave, a sign that tariffs are starting to hit American consumers. The analysis shows that…
China’s Communist Party is preparing to set in regulatory stone the boundaries of various commissions and groups under its top decision-making Central Committee, with new rules clarifying their often nebulous responsibilities. The rules were reviewed by the party’s top echelon, the 24-member Politburo, on Monday in a meeting chaired by President Xi Jinping, state news…
The Hong Kong Sports Press Association (HKSPA) launched the 26th International Sports Press Association (AIPS) Asia Congress on Monday, gathering nearly 100 media representatives from 30 countries and regions to explore the future of sports journalism. Source link
China’s Foreign Ministry said Monday it does “not have any information” about reports that US President Donald Trump will be invited to a military parade in Beijing later this year, according to state media. Japan’s Kyodo News reported Sunday that China was planning to invite Trump to a military parade at Tiananmen Square on Sept….
A giant stone statue called “Ultraman Grotto” which was crafted by a man in China has captivated social media and triggered an official investigation. The 2.8 metre-high sculpture has a head like the Japanese superhero Ultraman and a body that adopts a sitting Buddha gesture. It is located on a cliff face in Anyue County…
HONG KONG: Fancy going on board a Chinese warship to see fighter jets, helicopters, and training displays up close? Hong Kong residents snapped up the first batch of tickets to tour the Chinese aircraft carrier Shandong – docking in the city from Jul 3-7 – in under a minute. The People’s Liberation Army (PLA)…
By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) -Chinese investors are piling into Hong Kong shares lured by lower valuations and the city’s strategic position in China’s growing rivalry with the United States. A record $90 billion of cash from the mainland has driven a stellar 21% rally in Hong Kong stocks in the…
Taiwan, a self-ruled island claimed by China, has reportedly received missile launch systems from the United States that are designed to sink invading ships. An official from China‘s Defense Ministry said last week that Beijing opposed any form of what he called “military collusion”—including arms sales—between the U.S. and Taiwan. Newsweek has contacted the Taiwanese…
(Bloomberg) — China’s economy surprised with signs of improvement even as deflationary pressures persisted and employment weakened, throwing fresh doubt over the likelihood of further monetary stimulus by Beijing in the face of higher US tariffs. Most Read from Bloomberg Factory activity and construction had their strongest month of the second quarter in June, according…