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China advances dollar challenge campaign with tighter grip on cross-border yuan deals
China’s central bank introduced new rules to oversee cross-border yuan deals between banks and boost the yuan’s use abroad, aiming to steady money flows and support offshore markets. In a notice outli...
Markets trade mixed as stocks, dollar, Bitcoin, and gold react to rate cut
Traders across the world hit pause Thursday night after a wild rally earlier in the day sent stocks and metals flying. Everyone from New York to Tokyo is now eyeing next week’s rate decision, betting ...
Mexico hits Asian cars with 50% tariff; China vows retaliation
China has officially warned that it will retaliate after Mexico announced a plan to increase tariffs on Asia-manufactured cars, especially those made in China, to 50%, up from the current 20%. The war...
Synopsys shares plunged nearly 35%, erasing 2025 gains, after weak results tied to U.S.-China trade tensions
Synopsys shares experienced a sharp 35% drop in price after the company’s quarterly results disappointed investors. The U.S.-China trade tensions have affected the businesses of companies that rely on...
U.S. officials warn that hidden radios may be embedded in solar-powered highway equipment
The U.S. Federal Highway Administration circulated the advisory on August 20, cautioning that it discovered undocumented cellular radios in some foreign-manufactured inverters and battery management s...
China’s consumer prices dropped 0.4% as factory deflation deepened
China’s consumer prices fell in August, showing that the world’s second-largest economy is slowing and struggling again to increase demand. The statistics bureau reported that China’s consumer price i...
Global stocks rise on Oracle rally and Fed rate cut hopes
Global stocks pushed higher Wednesday morning after Oracle gave investors a reason to care, and the bond market started whispering about possible rate cuts. That’s what sent futures on the S&P 500 up ...
Trump’s mixed signals put India’s U.S. ally status in question
President Trump said the U.S. and India are staying at the table on a trade deal, coming less than two weeks after he imposed fresh duties on Indian imports tied to New Delhi’s purchases of Russian oi...
SEC cracks down on U.S. firms tied to China pump-and-dump schemes
The Securities and Exchange Commission (SEC) is coming after U.S. companies that are linked to stock scams coming out of China, according to a report from the Financial Times . The SEC is going after ...
India urges BRICS to tackle trade deficits
India told the BRICS bloc on Monday that it wants trade gaps fixed fast, especially with countries inside the group. External Affairs Minister S. Jaishankar said, “Our biggest trade deficits are with ...
Luxury rivals BMW and Mercedes target Tesla and BYD with new electric SUVs
BMW and Mercedes are done watching Tesla play king. The two biggest luxury brands from Europe have just thrown down the gauntlet with all-electric SUVs meant to take back the market. After Tesla’s Mod...
Local price wars eat into Chinese e-commerce giants' profits
China’s biggest internet platforms are embroiled in a costly fight to dominate the “instant retail” market, the rapidly expanding business of getting groceries, takeaways and daily essentials to doors...