- November 25th, 2024
To countering perceived threats to national security, the Biden administration has finalized rules to restrict U.S. investments in sensitive Chinese technologies. The new guidelines, announced by the Treasury Department on Monday, October 28, will effectively prohibit U.S.-based firms, citizens, and...
In volatile trading on Tuesday, Asian stocks presented a mixed picture, reflecting investors' heightened anticipation of major tech earnings reports from Wall Street. This week's lineup, including results from Alphabet, Meta, Microsoft, Apple, and Amazon, has markets on edge. Meanwhile,...
Oil prices saw a moderate uptick on Tuesday following a dramatic drop on Monday, with Brent crude futures increasing by 0.6% to $71.86 per barrel, while U.S. West Texas Intermediate (WTI) crude rose by 0.7% to $67.83. The bounce was...
The Japanese yen lingered near a three-month low against the U.S. dollar on Tuesday as Japan’s ruling coalition fell short of a parliamentary majority in weekend elections, stirring concerns about the country’s political and economic trajectory. Meanwhile, the U.S. dollar,...
Asian markets experienced gains as global investors brace for a crucial week marked by key U.S. economic data releases and the approaching U.S. presidential election. Equities climbed in major markets, including Hong Kong, Tokyo, and Australia, while Chinese markets showed...
In a landmark move for China’s state-run oil industry, PetroChina is preparing to shutter its largest oil refinery in northern China, located in Dalian, around mid-2025. The Dalian Petrochemical refinery, which boasts a processing capacity of 410,000 barrels per day...
China’s private tutoring industry is experiencing a quiet but clear resurgence following three years of regulatory pressure, as authorities pivot subtly towards supporting economic growth and job creation. Although no official statements have been issued, industry experts and insiders report...
China’s People’s Bank of China (PBOC) is adapting its monetary policy approach, introducing new methods to stabilize financial markets and enhance economic control as the nation navigates various economic pressures. In a recent move to boost liquidity management, the PBOC...
Investors in Japan are grappling with heightened political uncertainty following a significant setback for the ruling Liberal Democratic Party (LDP) in parliamentary elections, as the coalition failed to secure a majority for the first time since 2009. Prime Minister Shigeru...
The Japanese yen dropped to a three-month low on Monday, weakening by as much as 0.8% against the US dollar, as markets reacted to election results showing Japan’s ruling coalition, led by the Liberal Democratic Party (LDP) and its partner...
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