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The Latest Breaking News from China

Dollar Climbs on Weak Stocks and Higher Bond Yields

The dollar index (DXY00 ) Tuesday rose +0.54% and posted a 5-1/2 month high. Weakness in stocks Tuesday boosted liquidity demand for the dollar. Also, higher T-note yields Tuesday strengthened the dollar’s interest rate differentials. In addition, weaker-than-expected economic news Tuesday from China and the Eurozone have boosted the relative...

Barchart

Crude Rallies as Saudi Arabia and Russia Extend Crude Production Cuts

October WTI crude oil (CLV23 ) Tuesday closed up +1.14 (+1.33%), and Oct RBOB gasoline (RBV23 ) closed down -1.06 (-0.41%). Crude oil and gasoline prices Tuesday settled mixed, with crude climbing to a 9-1/2 month high. The main bullish factor Tuesday was the announcement by Saudi Arabia and Russia...

Barchart

The implications of the expansion of BRICS

With its proposed expansion, BRICS could mark a turning point in modern history

The Hindu

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Kalaburagi doctor completes 8,000-km expedition in 28 days

Dr. Tanga, 57, proves age is no barrier as he completes 8,000km road trip across 3 countries in 28 days. Organised by Wander Beyond Boundaries, 10-member team included 4 from the group, 3 from Bengaluru, 1 each from U.S., Hyderabad & Hubballi. Started in Mumbai, journeyed through Gorakhpur & Nepal,…

The Hindu

Indo-Pacific, China map and trade on agenda as PM leaves for Jakarta

PM Modi to attend ASEAN-India Summit, East Asia Summit in Jakarta on September 6-7; issues like Indo-Pacific, trade, Myanmar, China's map likely to be discussed. PM not to hold any bilateral meeting due to shortage of time. PM to return same day ahead of G-20 arrivals. PM's visit seen as…

The Hindu

Why would North Korea’s Kim and Russia’s Putin want to meet?

Moscow seeking to quash Kyiv counteroffensive while Pyongyang is extending pace of missile testing.

Al Jazeera

Crude Prices Jump as Saudi Arabia and Russia Prolong Crude Production Cuts

October WTI crude oil (CLV23 ) this morning is up +2.18 (+2.55%), and Oct RBOB gasoline (RBV23 ) is up +5.96 (+2.33%). Crude oil prices this morning are rallying, with crude climbing to a 9-1/2 month high and gasoline posting a 1-week high. The main bullish factor today was the...

Barchart

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Stocks Mixed as Weak China and European Economic News Sparks Risk-Off Sentiment

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.20%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.08%. Stock indexes this morning are mixed. The broader market...

Barchart

Chinese construction workers accused of plowing a hole through the Great Wall

The pair, who were working on a local construction project, drove an excavator through a portion of the wall. They have been charged with destroying a cultural relic, China Daily reported.

WEKU

Global economic fears deepen as service sector dips in China and Europe

Fresh signs of weakness in Chinese economy and weak UK and eurozone data spook investors

The Guardian - UK

‘China is not just one entity’: major exhibition aims to showcase unseen diversity

Over 200 items from over seven Chinese museums will be on display at a new exhibition that shines a light on the Jiangnan region and its long-running importance

The Guardian - US

Markets Today: Stocks Weighed Down by Disappointing Chinese and European Economic News

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.25%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.43%. Stock indexes this morning are moderately lower as weaker-than-expected economic news from China and the Eurozone sparked a risk-off sentiment in asset markets. China’s service...

Barchart

Kim Jong Un and Putin may meet. What do North Korea and Russia need from each other?

A U.S. official said that North Korean leader Kim Jong Un may travel to Russia to meet President Vladimir Putin

The Independent UK

Europe’s biggest car show has now ‘become the China show’

If cars like the BYD Seal are both premium and affordable, where does that leave the rest of the industry?

Fortune

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The Guardian - US

China on the agenda: 2024 candidates fret over how to deal with Beijing

Republicans showcase range of hawkish policies designed to counter perceived threat amid diplomatic push by Biden

Barchart

Stocks Set to Open Lower as Investors Await U.S. Economic Data and Fed Speak, Chinese Data Disappoints

September S&P 500 futures (ESU23) are down -0.12%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.35% this morning as subdued economic data from China weighed on sentiment, while investors looked ahead to a fresh batch of U.S. economic data and speeches from Fed officials.

The Independent UK

Despite Xi's decision not to attend G20 in India, China says bilateral ties are 'generally stable'

China is downplaying President Xi Jinping’s decision not to attend this week's Group of 20 summit in New Delhi

The Times of India

HS Prannoy and Lakshya Sen make first-round exits from China Open

CHANGZHOU: World Championship bronze medallist HS Prannoy made a shock opening-round exit from the China Open Super 1000 badminton tournament after going down in three games to Malaysia's Ng Tze Yong here on Tuesday.

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Evening Standard

FTSE 100 Live: Oil price surges past $90 a barrel, shares close in red again, Autumn statement date set

Improved PMI figures helped blue-chip share recover after starting under pressure today following disappointing readings on service sector activity in China and Europe.

Al Jazeera

China touts ‘Belt and Road’ to Italy amid growing doubts in Rome

China’s Wang Yi hails ‘thousand-year friendship’ with Italy as Rome weighs exit from infrastructure drive.

Caixin Global

Shanghai Composite Index Fell 0.71% on Tuesday

Shenzhen Component Index closed down 0.67%

The Independent UK

China touts the benefits of its 'Belt and Road' initiative to Italy, which may end the agreement

China's foreign minister is seeking to sell his Italian counterpart on the benefits of leader Xi Jinping's signature “Belt and Road” initiative of Chinese-built and -funded infrastructure projects, as Rome considers whether to renew the agreement

The Guardian - AU

Australian MPs to lobby US to drop Julian Assange prosecution or risk ‘very dangerous’ precedent for Russia and China

Cross-party delegation of Australian politicians to travel to US in attempt to build momentum against extraditing WikiLeaks founder

The Independent UK

Stock market today: Asian shares fall back amid selling of China property shares

Shares have slipped in Asia after U.S. markets were closed for the Labor Day holiday

Al Jazeera

Solomon Islands MPs demand answers over ‘replica’ guns from China

Opposition leader Matthew Wale accuses police commissioner of misleading citizens after Al Jazeera report.

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