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Goldman Sachs Predicts Significant Reduction in China's Advanced Chip Deficit by 2035

Goldman Sachs Predicts Significant Reduction in China's Advanced Chip Deficit by 2035

Goldman Sachs Predicts Significant Reduction in China's Advanced Chip Deficit by 2035
Reuters Reuters
China's $119 billion policy financing tool begins project applications, faces roll-out lag

China's $119 billion policy financing tool begins project applications, faces roll-out lag

BEIJING, Aug 24 (Reuters) - China has opened applications for an 800 billion yuan ($119 billion) policy-based financing tool for local government projects to shore up slowing economic growth, although a securities firm said the later roll-out could limit its impact this year.
Reuters Reuters
US Treasury to broaden scope of secondary sanctions on Iran, source says

US Treasury to broaden scope of secondary sanctions on Iran, source says

By David Lawder WASHINGTON, Aug 24 (Reuters) - The U.S.
Reuters Reuters
Shein to pay nearly $40 million fees to expanded roster of Hong Kong IPO banks

Shein to pay nearly $40 million fees to expanded roster of Hong Kong IPO banks

By Selena Li HONG KONG, Aug 24 (Reuters) - Fast-fashion giant Shein said it would pay up to HK$306 million ($39 million) in total fees for an expanded line up of underwriters of its Hong Kong initial public offering, its prospectus showed on Monday.
Reuters Reuters
Iran condemns US plans to announce new sanctions

Iran condemns US plans to announce new sanctions

By Menna Alaa El-Din and Kanishka Singh CAIRO/WASHINGTON, Aug 22 (Reuters) - Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
AP News AP News
Workers in China worry over being replaced as they adapt to the growing impact of AI on jobs

Workers in China worry over being replaced as they adapt to the growing impact of AI on jobs

Artificial intelligence is beginning to reshape China's job market, supported by state policies that some economists believe might undermine the overall strength of its economy
Reuters Reuters
Mediator Pakistan to hold talks in Iran on US 'economic D-Day'

Mediator Pakistan to hold talks in Iran on US 'economic D-Day'

By Menna Alaa El-Din and Kanishka Singh CAIRO/WASHINGTON, Aug 24 (Reuters) - Pakistan's army chief was visiting Tehran on a mediating mission on Monday as the United States prepared to roll out "the greatest financial offensive ever" targeting Iran's trade partners.
Reuters Reuters
Shein's pursuit of an IPO: From New York to London to Hong Kong

Shein's pursuit of an IPO: From New York to London to Hong Kong

Aug 24 (Reuters) - Online fast-fashion retailer Shein launched its long-awaited Hong Kong IPO on Monday, aiming to raise up to HK$13.86 billion ($1.77 billion) at a valuation of close to $27 billion.
TheStreet TheStreet
Gas Prices are about to defy everything drivers expect

Gas Prices are about to defy everything drivers expect

Middle East conflict poised to disrupt seasonal price patterns.
Reuters Reuters
Traders are bracing for an increasingly hawkish ECB

Traders are bracing for an increasingly hawkish ECB

By Stefano Rebaudo Aug 21 (Reuters) - Money markets are bracing for an increasingly hawkish European Central Bank, wagering that geopolitical tensions will complicate its inflation battle and keep price pressures stubborn enough to lift the key deposit rate to almost 3% by late 2027.
Reuters Reuters
Iran threatens military response to US sanctions

Iran threatens military response to US sanctions

By Jana Choukeir, Eman Abouhassira and Susan Heavey DUBAI/WASHINGTON, Aug 21 (Reuters) - Iran said on Friday that its response to any new U.S. threats would be "devastating" after Washington pledged to impose the toughest financial penalties in history with the aim of toppling the Iranian leadership
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Tesla and others begin record vehicle recall in China

Tesla and others begin record vehicle recall in China

By Qiaoyi Li and Ju-min Park BEIJING, Aug 21 (Reuters) - Tesla and 10 other automakers launched software updates on Friday and said they would recall nearly 4.3 million vehicles over concerns it may be difficult to open doors in an emergency, in China's largest automotive recall to date.