Category: Chinese
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How to handle a potential Chinese ‘bazooka’ By Investing.com
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Investing.com – Recent stimulus announcements from China have investors questioning how to position themselves in the event that Beijing launches a more aggressive economic push – a so-called “bazooka” stimulus. In a note issued on Tuesday, Barclays analysts acknowledged that this is not their base case, but stressed that investors…
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Chinese hackers breached US court wiretap systems, WSJ reports By Reuters
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(Reuters) – Chinese hackers gained access to the networks of broadband providers in the United States and obtained information from systems used by the federal government for court-authorized wiretapping, the Wall Street Journal reported on Saturday. Verizon Communications (NYSE:), AT&T (NYSE:), and Lumen Technologies are among the telecommunications companies whose…
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Chinese automakers should be allowed to avert tariffs by investing in EU By Reuters
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FRANKFURT (Reuters) – The European Union should consider adjusting planned tariffs against electric cars made in China to provide allocations for investments in Europe, the CEO of German car maker Volkswagen (ETR) said. “Instead of punitive tariffs, it should be about giving reciprocal credit for investments,” Volkswagen CEO Oliver Blume…
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Key vote on EU tariffs for Chinese EVs sparks trade contention
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EU governments face a pivotal vote on Chinese electric vehicle tariffs Full story on PiQ Suite European Union members face a pivotal vote on Friday on whether to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc’s highest-profile trade issue, which threatens retaliation from…
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Key vote on EU tariffs for Chinese EVs sparks trade contention
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EU governments face a pivotal vote on Chinese electric vehicle tariffs Full story on PiQ Suite European Union members face a pivotal vote on Friday on whether to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc’s highest-profile trade issue, which threatens retaliation from…
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Chinese Stocks Soar More Than 8% in Hong Kong on Stimulus Bets
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(Bloomberg) — Chinese stocks listed in Hong Kong jumped the most in nearly two years, adding to stimulus-induced euphoria as traders returned from a public holiday. Most read from Bloomberg The Hang Seng China Enterprises Index rose as much as 8.5%, extending its winning streak to 13 straight days. Real…
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Copper Technical Analysis – Chinese big easing measures trigger a strong rally
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Basic overview Last week, the People’s Bank of China (PBoC) announced a lot of easing measures ranging from short-term and long-term interest rate cuts. Copper rose strongly as China accounts for more than 50% of copper demand. Things are starting to look better for the market as the Fed also…
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Chinese stocks stay hot ahead of the holiday break
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CSI 300 weekly chart ? Chinese stocks are very active, and it has been a long time since we have seen such an improvement in sentiment in the region. After gaining more than 15% last week, the CSI 300 is now up more than 6% on the lunch break. As…
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Why Chinese currency strength is a trend to watch
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USD/CNY weekly Jamie MacGyver of Reuters comes out with a good column on the conundrum China faces as it seeks to stimulate the economy. He highlights that the moves could spark a rise in the yuan and that USD/CNY may also fall with US stimulus. He cites Stephen Jin –…
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‘Big Short’ investor Michael Burry bet half of his portfolio on Chinese stocks. It’s finally starting to pay off.
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Popular “big short” investor Michael Burry is cashing in on the recent rally in Chinese stocks. Burry’s Scion Asset Management invests nearly half of its portfolio in Chinese technology giants such as Alibaba. China’s recent stimulus measures, including interest rate cuts, led to higher stock gains. the Chinese stocks rise…
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Taiwan reports surge of Chinese warplanes off its coast By Reuters
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TAIPEI (Reuters) – Taiwan’s defence ministry said on Thursday it had detected an increase in the number of Chinese warplanes flying over its east, west and south coasts in what a security source described as Chinese simulations of attacks to prevent foreign forces from providing assistance during the conflict. Democratically…
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Intel pleases stock market, but Chinese lie in wait
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Yesterday, Intel CEO Pat Gelsinger nearly uttered the word he had been unable to utter in his three years on the job: “spin off.” The CEO, who had devoted himself to Intel’s business unit, could not bear the idea, and he probably also recognized the regulatory and business difficulties that…
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Economic calendar in Asia Monday, September 9, 2024 – Chinese inflation data for August
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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ICL signs $170m Chinese fertilizer deal
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The agreement with AMP Holdings aims to provide water-soluble specialty fertilizers, used in drip irrigation and designed for cash crops. Israeli specialized metals company ICL (level: ICL:New York Stock Exchange: ICLIsrael Chemicals (formerly Israel Chemicals) today announced the signing of a five-year agreement with Chinese distributor AMP Holdings Group. The…
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PDD’s $55 billion stock crash sends warning on Chinese economy
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(Bloomberg) — One of the last remaining bright spots in Chinese consumption is fading fast, as the country’s economic malaise saps demand for even the most accessible goods. Most Read from Bloomberg In the latest warning to global markets about the health of China’s economy, Temu owner PDD Holdings (PDD)…
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Trudeau says Canada to impose 100% tariff on Chinese EVs By Reuters
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OTTAWA (Reuters) – Canada will impose a 100 percent tariff on imports of Chinese electric vehicles, Prime Minister Justin Trudeau said on Monday. Trudeau told reporters in Halifax, Nova Scotia, that Ottawa will also impose 25% tariffs on steel and aluminum imports from China. The tariffs come just over a…