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China urges more FX hedging as strong yuan hits exporters, sources say

China urges more FX hedging as strong yuan hits exporters, sources say

Sept 14 (Reuters) - China's foreign exchange regulator has instructed banks to encourage more corporate clients to hedge currency risks, people with knowledge of the matter said, stepping up efforts to shield exporters from the yuan's steady appreciation.
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Chinese AI Firms Decline Meetings with US Delegation Citing Sanctions Fears

Chinese AI Firms Decline Meetings with US Delegation Citing Sanctions Fears

Chinese AI Firms Decline Meetings with US Delegation Citing Sanctions Fears
TheStreetTheStreet
Bessent is doubling down with weekly bank sanctions

Bessent is doubling down with weekly bank sanctions

The Treasury secretary told everyone to watch Monday. The three weeks before it say more.
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Companies left China to dodge tariffs. Now some are heading back

Companies left China to dodge tariffs. Now some are heading back

By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG, Sept 14 (Reuters) - A year after shifting production and sourcing out of China to avoid higher U.S. tariffs, some companies are learning that replicating the country's factory ecosystem is not so easy and are bringing manufacturing back.
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Shanghai: A Global Hub Blending Eastern and Western Cultures with Economic Prowess

Shanghai: A Global Hub Blending Eastern and Western Cultures with Economic Prowess

Shanghai, a municipality directly under China's central government, is a prominent global city situated in the Yangtze River Delta, where the Yangtze River meets the East China Sea. It is recognized for its port, which consistently ranks first worldwide in container throughput, serving as a critical international gateway. The city's unique cultural identity is a result of a century of history as an open port, blending Chinese and Western influences. This is evident in its architecture, with over 50 classic Western-style buildings along the Bund in Puxi, featuring Gothic and Baroque designs, contrasting with modern skyscrapers like the Oriental Pearl Tower and Shanghai Tower in Lujiazui, Pudong. Shanghai also preserves ancient charm in areas like Yuyuan Garden and Zhujiajiao, alongside Old Shanghai's shikumen courtyard houses and garden villas in Wukang Road, Xintiandi, and Tianzifang. The city offers a vibrant metropolitan experience combined with everyday life charm, allowing visitors to enjoy riverfront ...
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BRICS adopts joint declaration, urges 'maximum restraint' in Mideast

BRICS adopts joint declaration, urges 'maximum restraint' in Mideast

By Sarita Chaganti Singh NEW DELHI, Sept 12 (Reuters) - The BRICS group of nations unanimously adopted a joint declaration on Saturday, expressing "deep concern" over the war in the Middle East and urged maximum restraint, advocating for a "multilateral approach" that respects national viewpoints.
ReutersReuters
Xi pushes 'Greater BRICS' economic ties to give bloc larger global role

Xi pushes 'Greater BRICS' economic ties to give bloc larger global role

(Corrects spelling of headline tag) NEW DELHI, Sept 13 (Reuters) - Chinese President Xi Jinping unveiled on Sunday initiatives in areas ranging from AI to trade to deepen cooperation among the "Greater BRICS" emerging economies, as Beijing seeks to weld the grouping into a practical platform for
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China's Revised Company Law Imposes New Capital Contribution Liabilities on Foreign Parent Companies

China's Revised Company Law Imposes New Capital Contribution Liabilities on Foreign Parent Companies

China's Revised Company Law Imposes New Capital Contribution Liabilities on Foreign Parent Companies
ReutersReuters
AI-linked stocks slump after top lab CEOs call for slowing technology's development

AI-linked stocks slump after top lab CEOs call for slowing technology's development

By Gregor Stuart Hunter SINGAPORE, Sept 14 (Reuters) - AI-connected stocks fell sharply on Monday after the CEOs of the U.S. companies developing the most advanced AI models warned the pace of development must slow to prevent threats to humanity. Nasdaq e-mini futures fell 1.3% during Asian trade.
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Trump says 'very negative forces' raising exaggerated concerns over AI

Trump says 'very negative forces' raising exaggerated concerns over AI

By Bo Erickson and Padraic Halpin DOONBEG, Ireland, Sept 13 (Reuters) - U.S. President Donald Trump said on Sunday a lot of "very negative forces" are bringing things up about AI that won't happen and said that he wanted to make sure that the United States remains the industry leader.
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BYD sends blunt message to Tesla with 35.4% of exports

BYD sends blunt message to Tesla with 35.4% of exports

One number from the recent export ranking tells you where the EV war actually moved.
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Fitch Ratings Warns AI Market Collapse Could Trigger U.S. Recession and 35% Stock Drop

Fitch Ratings Warns AI Market Collapse Could Trigger U.S. Recession and 35% Stock Drop

Fitch Ratings Warns AI Market Collapse Could Trigger U.S. Recession and 35% Stock Drop