Chinese banks saw minimal profit growth in early 2026, yet their stocks hit record highs due to rising margins and record dividends, signalling a sector-wide sentiment shift.
Gary zhou
Sep 04, 2026
Foreign visitors in China spent 263.6 billion yuan from January to July, up 28% from last year, with a shift towards smaller, frequent purchases due to simplified tax refunds and payment methods.
Gary zhou
Sep 04, 2026
The US has imposed a 50% tariff ceiling on Canadian imports, affecting the automotive industry. Toyota and Honda face significant challenges, while Canada retaliates with its own tariffs.
Gary zhou
Sep 04, 2026
China's largest state-owned banks added over 6 trillion yuan in time deposits in early 2026, despite record low interest rates, highlighting a trend of deposit rollover and stabilised net interest margins.
Gary zhou
Sep 03, 2026
Hong Kong tycoons Li Ka-shing and Lee Shau-kee pledged millions to aid victims of the Nepal-Tibet border floods, joining a wave of institutional donations from Hong Kong and Macau.
Gary zhou
Sep 03, 2026
Nepal's tourism minister uses social media to encourage visitors after floods devastate the country, threatening a vital industry that supports over a million jobs and contributes significantly to the economy.
Gary zhou
Sep 03, 2026
The Bank of Canada has maintained its benchmark rate at 2.25%, citing economic uncertainties from U.S. tariffs and Middle East tensions, while monitoring inflation risks and economic growth.
Gary zhou
Sep 03, 2026
Oil refiners informed Trump that increasing refining capacity quickly is unfeasible, as global tensions and refinery constraints drive up fuel prices, impacting households and economies worldwide.
Gary zhou
Sep 03, 2026
The US Treasury's yen intervention in July was only $500 million, contrary to expectations of $5-10 billion. This modest action raises questions about transparency and the Treasury's strategic intentions.
Gary zhou
Sep 03, 2026
The Dutch central bank has moved 86 tons of gold from New York and Ottawa to London, enhancing its ability to sell quickly in a crisis. This strategic relocation aims to improve tradability.
Gary zhou
Sep 03, 2026
China's solar capacity has surpassed coal for the first time, despite a significant slowdown in new solar installations and increased power curtailment, highlighting challenges in the renewable energy sector.
Gary zhou
Sep 02, 2026
A leaked system prompt for Anthropic's Claude Fable 5.1 has sparked debate over character count discrepancies and privacy concerns, though no user data exposure has been confirmed.
Gary zhou
Sep 02, 2026
US forces targeted Iranian sites, prompting retaliatory strikes on American-linked locations in the Middle East. The exchange marks an escalation in ongoing tensions, affecting global oil prices.
Gary zhou
Sep 02, 2026
China's top airlines are projected to face significant losses by 2026 due to rising fuel costs and limited fare increases, despite hopes for a rebound in international travel.
Gary zhou
Sep 02, 2026
The FTC and 22 state attorneys general have sued Amazon, alleging it rigged ad auctions to overcharge advertisers by $20 billion since 2019. Amazon denies the claims, calling the lawsuit misguided.
Gary zhou
Sep 01, 2026
Xi Jinping embarks on a significant foreign tour, attending key summits in Kyrgyzstan and Egypt, before a crucial meeting with Donald Trump in Washington to discuss US-China relations.
Gary zhou
Sep 01, 2026
The Pentagon's GenAI.mil hub now includes ChatGPT Mil and Grok for Government, expanding AI options for over 3 million users, while Anthropic's Claude remains excluded due to legal disputes.
Gary zhou
Sep 01, 2026
Donald Trump praised China's restraint during the Strait of Hormuz closure, as US sanctions target smaller Hong Kong firms instead of major Chinese banks, ahead of Xi Jinping's Washington visit.
Gary zhou
Sep 01, 2026
Donald Trump criticised Americans opposing data centre construction, warning they risk becoming 'backwards and poor'. His comments follow a report showing significant Republican voter backlash against such projects.
Gary zhou
Sep 01, 2026
The yen has fallen below 160 to the dollar, erasing gains from a record US-Japan currency intervention. Despite the intervention, further action seems unlikely as the yen's slide continues.
Gary zhou
Sep 01, 2026
China's foreign ministry rebuffs US Treasury Secretary's call for G20 pressure on Beijing's trade surplus, advocating for consultation instead. The exchange occurs ahead of President Xi's US visit.
Gary zhou
Sep 01, 2026
US forces struck Iranian rocket launchers in the Strait of Hormuz, prompting Iran to retaliate with missile fire. This military exchange has reignited tensions and affected global oil prices.
Gary zhou
Aug 31, 2026
Donald Trump signed an executive order to create a US Space Academy, modeled on West Point, to train astronauts and engineers amid growing competition with China.
Gary zhou
Aug 29, 2026
Federal Reserve Chair Kevin Warsh suggests potential interest rate hikes to combat inflation, despite President Trump's opposition, highlighting a pivotal moment as AI influences economic dynamics.
Gary zhou
Aug 29, 2026
A US judge ruled the Pentagon illegally blacklisted AI firm Anthropic over its refusal to allow military use of its technology, citing constitutional rights violations and retaliation concerns.
Gary zhou
Aug 29, 2026
Floods have twice devastated Gyirong Port, a crucial China-Nepal trade route, disrupting trade, tourism, and energy sectors, with no reopening timeline in sight.
Gary zhou
Aug 28, 2026
China's Commerce Ministry criticizes potential US tariff increase, warning of protectionism and unilateralism. The proposed 7.5% tariff stems from a Section 301 investigation into excess manufacturing capacity.
Gary zhou
Aug 28, 2026
Peru plans to activate its free-trade agreement with Hong Kong by 2026, aiming to enhance its role as a trade hub between South America and the Asia-Pacific, while omitting mention of China.
Staff Reporter
Aug 21, 2026