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The Latest Breaking News from China

Crude Prices Retreat on Chinese Growth Concerns

September WTI crude oil (CLU23 ) on Wednesday closed down -1.61 (-1.99%), and Sep RBOB gasoline (RBU23 ) closed up +1.95 (+0.68%). Crude oil and gasoline prices Wednesday settled mixed, with crude falling to a 1-1/2 week low. A stronger dollar Wednesday weighed on energy prices, as did the decline...

Barchart

CEO Tells Us Why Mercedes-Benz Won't Follow Tesla's Lead On Pricing

Why Mercedes-Benz is prioritizing stability over pricing flexibility, and why NACS makes sense now.

InsideEVs

OnePlus Ace 2 Pro launches with 24GB RAM and 'super fast' 150W charging

OnePlus launches the Ace 2 Pro in China with 24GB RAM, 1TB storage, and a swift 150W charging potential.

Android Central

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The OnePlus Open launch could be as soon as next month

OnePlus and Oppo may be preparing to heat up the foldable fray with two excellent new devices in the next few weeks.

TechRadar

Stocks Mixed as Markets Await Minutes of the July FOMC Meeting

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.46%. Stocks this morning are mixed. Lower T-note yields and...

Barchart

Crude Prices Slip on Chinese Growth Concerns

September WTI crude oil (CLU23 ) this morning is down -0.16 (-0.20%), and Sep RBOB gasoline (RBU23 ) is up +2.54 (+0.89%). Crude oil and gasoline prices this morning are mixed. A weaker dollar today is supportive of energy prices. However, crude is under pressure on concerns about China's economic...

Barchart

The iPhone 15 is already in production, but not where you might think

With the iPhone 15 about to be announced, Apple is already building them in India.

iMore

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Is Buying Copper on Price Weakness a Winning Strategy?

It is virtually impossible to pick a bottom when the price of any asset is in a bearish trend. Copper corrected 37.1% from the March 2022 high, reaching a low four months later in July 2022. Copper futures have mostly been consolidating below the midpoint of the $3.15 to $5.01…

Barchart

China appears to be building an airstrip on a disputed South China Sea island

Satellite photos analyzed by The Associated Press appear to show China is constructing an airstrip on a South China Sea island also claimed by Vietnam and Taiwan

The Independent UK

Stocks Slightly Higher as Markets Await Minutes of the July FOMC Meeting

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.11%. Stocks this morning are slightly higher. Lower T-note yields...

Barchart

China VPN plans could allow up to 50% foreign ownership

The measures will allow up to 50% foreign ownership of a VPN operating in China. Here's what the VPN industry says about the country's "dishonest track record."

TechRadar

US Should Account That Xi Jinping Is ‘Mortal’

A new generation of leaders has emerged that is more focused on solving today's problems in China and the United States.

Zenger

China’s fertility rate dropped to record low in 2022, estimates show

Figure fell from 1.15 in 2021 to 1.09, the lowest of any country with a population over 100 million

The Guardian - UK

Markets Today: Stocks Slightly Lower on Chinese Economic Woes

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.04%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.08%. Stock indexes this morning are modestly lower. Negative carryover from a fall in Chinese stocks today weighs on U.S. stock indexes. The markets are awaiting...

Barchart

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Windows Central

Intel's purchase of Tower terminated, likely blocked by Chinese regulator

Despite the best efforts of CEO Pat Gelsinger, Intel was not able to secure regulatory approval for its $5.4 billion purchase of Tower Semiconductor. The deal has now been terminated by both sides.

The Conversation

War in Ukraine is a warning to China of the risks in attacking Taiwan

U.S. defense strategists warn that China may use the distraction of the war in Ukraine to launch military action against Taiwan. They believe Chinese President Xi Jinping is determined to gain control over the breakaway province – which has been beyond Beijing’s control since the founding of the People’s Republic…

Tom’s Hardware

China Delays Kill Intel's Tower Acquisition, Intel to Pay $353 Million Breakup Fee

Intel will not pursue acquisition of Tower Semiconductor following delay of Chinese review.

The Guardian - UK

Chinese social media filled with anti-black racist content, says watchdog

Analysis by Human Rights Watch finds the country’s major platforms ‘do not routinely address’ pervasive online racism

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The Guardian - UK

‘We are facing dependence on China’: EU battles to support green industry

Europe’s response to the US’s $369bn Inflation Reduction Act is being stymied by lack of funds and coordination, say analysts

Evening Standard

China deflation: why are prices going down?

Beijing denies it is in a ‘deflation’ but figures suggest economic struggle

The Conversation

Despite domestic political turmoil, Pakistan is well placed to boost regional integration

Pakistan is showing clear signs of economic and political crisis. Inflation was recently almost 38%, and the country faces a debt crunch as it tries to manage its trade deficit with the rest of the world. Talks with the IMF over emergency loans have dragged on for months.

The Independent UK

Intel calls off $5.4b Tower deal after failing to obtain regulatory approvals

Intel is terminating a $5.4 billion agreement to acquire Israeli chip manufacturer Tower Semiconductor after China failed to sign off on the deal amid deteriorating US-China relations

Al Jazeera

India and China pledge to maintain ‘peace and tranquility’ along border

In a statement, Beijing and New Delhi say they have ‘agreed to resolve the remaining issues in an expeditious manner’.

The Conversation

Kenya and the US are negotiating a trade deal that could be a model for Africa - but its position on workers needs a rethink

The US and Kenya announced a trade and investment partnership in July 2022. Talks have been progressing on the way forward in nine areas, including agriculture, anti-corruption, digital trade, environment and climate change action, and workers’ rights and protections.

WEKU

China's economic woes keep getting worse. Here's why

China has seen a series of disappointing economic data this year. UBS' Tao Wang explains what went wrong with the anticipated recovery after China's tough COVID restrictions, and what could come next.

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