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July 1, 2022

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China takes fresh steps to open bond market to foreigners

Reuters
A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White Register now for FREE unlimited access to Reuters.com Register SHANGHAI, July 1 (Reuters) – China took fresh steps on Friday to facilitate foreign investment in its $20 trillion bond market, saying it would cut service......

Stocks making the biggest moves premarket: Kohl’s, Micron, Apple and more

CNBC
CNBC – For more and to sign up click here Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s tumbled 17.9% in premarket trading after the retailer confirmed an earlier CNBC report that it ended talks to be bought by Vitamin Shoppe parent Franchise Group (FRG).......

China urges U.S. to fulfill climate duties after Supreme Court ruling

Reuters
BEIJING, July 1 (Reuters) – The United States must meet its international obligations on climate change and do more than “shout slogans”, China’s foreign ministry spokesman Zhao Lijian said on Friday following a U.S. Supreme Court ruling limiting Washington’s ability to cut power sector emissions. The Supreme Court voted to......

Asia’s factories feeble despite China bounce, feeds global recession fears

Reuters
A bicycle rider rides past a factory at Keihin industrial zone in Kawasaki, south of Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Japan, S. Korea PMIs slow in June on supply constraints Taiwan’s PMI contracts, other Asian PMIs also soft China’s......

Ports close in China island province Hainan as tropical storm Chaba looms

Reuters
SHANGHAI, July 1 (Reuters) – Local authorities in China’s Hainan province on Friday announced the closure of three ports as weather forecasters reclassified Chaba as a severe tropical storm that was expected to make landfall over the weekend. Chaba, currently east of Hainan, will move at a speed of 15-20......

China clears its backlog of stranded Australian coal — but don’t expect Beijing to buy more soon

CNBC
CNBC – For more and to sign up click here A bulldozer pushes coal onto a conveyor belt at the Jiangyou Power Station on January 28, 2022 in Jiangyou, Mianyang City, Sichuan Province of China. Liu Zhongjun | China News Service | Getty Images China has finished clearing a backlog......

Manufacturing Shift From China to Africa? NOSACONN’s Celebrate Africa Week Examines

@BreaknNews
NOSACONN’s Celebrate Africa Week “Essence of Africa” NOLA Edition Examines Bilateral Trade Between U.S. and Africa Today at New Orleans Jazz Museum.   Batiste-Global African Arts & Business Panel 2021 NEW ORLEANS – June 30, 2022 – — Posted Courtesy of Wright Enterprises San Francisco~Dallas Community Spotlight~~~WHO: Damon Batiste of NOLA’s......

In China, more and more people want to save as job worries grow

CNBC
CNBC – For more and to sign up click here Education remained the most popular category for Chinese consumer’s planned spending, according to a People’s Bank of China survey in the second quarter of 2022. China News Service | China News Service | Getty Images BEIJING — Chinese consumers’ inclination......

China continues to snap up Russian coal at steep discounts

CNBC
CNBC – For more and to sign up click here This photo taken on October 24, 2021 shows coal being loaded on a cargo ship in Jiujiang, in China’s central Jiangxi province. STR | AFP | Getty Images Russia’s coal shipments to China have been rising even though overall shipments......

China to cut industrial energy intensity by 13.5% from 2021-2025

Reuters
People walk past a China Energy coal-fired power plant in Shenyang, Liaoning province, China September 29, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 29 (Reuters) – China will reduce its industrial energy consumption per unit of output by 13.5% over the 2021-2025 period......

China’s economy didn’t bounce back in the second quarter, China Beige Book survey finds

CNBC
CNBC – For more and to sign up click here China’s exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for export. Si Wei | Visual China Group......

China Halves Quarantine Time for International Arrivals, Cheering Markets

New York Times
New York Times – For more and to sign up click here China is halving the time that people arriving from overseas must stay in a Covid-19 quarantine facility, reducing it from two weeks to one, the country’s National Health Commission said on Tuesday. The step was welcomed by some......

U.S. accuses five firms in China of supporting Russia’s military

Reuters
Smoke rises over the remains of a building destroyed by a military strike, as Russia’s attack on Ukraine continues, in Lysychansk, Luhansk region, Ukraine June 17, 2022. REUTERS/Oleksandr Ratushniak/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 28 (Reuters) – The Biden administration said on Tuesday......

China cuts quarantine time for international travelers in big step toward easing Covid controls

CNBC
CNBC – For more and to sign up click here For more than two years, overseas travelers have had to quarantine upon arrival in China because of Covid restrictions. Pictured here at Beijing International Airport on June 18, 2022, are passengers waiting to be taken to quarantine-designated destinations. Leo Ramirez......

Stocks, oil edge up as China relaxes quarantine rules

Reuters
LONDON, June 28 (Reuters) – Global shares moved into positive territory on Tuesday while oil prices firmed following China’s decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities. China slashed the quarantine time for inbound travellers by......

The housing market slowdown is showing up in shipping data from China

CNBC
CNBC – For more and to sign up click here Spending cutbacks by the consumer already led to a decrease in Chinese manufacturing orders by U.S. importers of 20-30%, as recently reported by CNBC, and more recent data from U.S. shippers shows the housing market slowdown is now showing up......

Nike earnings top Wall Street’s expectations, despite inflation in the U.S. and Covid lockdowns in China

CNBC
CNBC – For more and to sign up click here Nike Air Jordan shoes are seen in the store in Krakow, Poland on August 26, 2021. Jakub Porzycki | Nurphoto | Getty Images Nike on Monday topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter, as the sneaker......

Tuvalu minister pulls out of UN ocean conference after China blocks its Taiwanese delegates – media

Reuters
Tuvalu Foreign Minister Simon Kofe speaks during an interview with Reuters in Taipei, Taiwan November 21, 2019. REUTERS/Fabian Hamacher Register now for FREE unlimited access to Reuters.com Register WELLINGTON, June 27 (Reuters) – The foreign minister of Tuvalu pulled out of the United Nations Ocean Conference opening in Portugal on......

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