Explore

ReutersReuters
Dollar inches higher as 10-year Treasury yield climbs to highest since 2007

Dollar inches higher as 10-year Treasury yield climbs to highest since 2007

By Jiaxing Li HONG KONG, Sept 15 (Reuters) - The dollar strengthened towards a two-week high on Tuesday, as surging oil prices pushed Treasury yields to fresh peaks since 2007, and cemented expectations for a Federal Reserve rate hike this week.
ReutersReuters
Tech boom powers China's factories but economic imbalances deepen as consumption slows

Tech boom powers China's factories but economic imbalances deepen as consumption slows

By Kevin Yao and Yukun Zhang BEIJING, Sept 15 (Reuters) - China's industrial sector showed renewed strength in August as the AI-driven tech boom fuelled factory output, though sluggish consumption and a worsening investment slump reinforced concerns over deepening economic imbalances.
ReutersReuters
Analysis-Toyota revamp hints of wider industry shake-up in China

Analysis-Toyota revamp hints of wider industry shake-up in China

BEIJING/SHANGHAI, Sept 15 (Reuters) - A potential tie-up between Toyota's two main Chinese partners could be a sign the long-standing foreign joint-venture model in China is entering a new phase as a shrinking market and brutal competition force automakers to become more efficient.
ReutersReuters
Dollar ticks up as oil prices climb, Fed rate hike chances firm

Dollar ticks up as oil prices climb, Fed rate hike chances firm

By Shashwat Chauhan and Jiaxing Li Sept 15 (Reuters) - The euro was pinned at one-month lows against a broadly strengthening dollar on Tuesday, as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will hike interest rates this week.
ReutersReuters
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.
ReutersReuters
China home prices stay weak, keeping pressure on economy

China home prices stay weak, keeping pressure on economy

BEIJING, Sept 15 (Reuters) - China's new home prices extended declines in August, official data showed on Tuesday, underscoring the persistent drag from the country's prolonged property downturn. 
TrendlineTrendline
Aberdeen Investments Highlights Asian Strategies for Cultivating New Investor Generations

Aberdeen Investments Highlights Asian Strategies for Cultivating New Investor Generations

Aberdeen Investments Highlights Asian Strategies for Cultivating New Investor Generations
ReutersReuters
Toyota revamp hints of wider industry shake-up in China

Toyota revamp hints of wider industry shake-up in China

BEIJING/SHANGHAI, Sept 15 (Reuters) - A potential tie-up between Toyota's two main Chinese partners could be a sign the long-standing foreign joint-venture model in China is entering a new phase as a shrinking market and brutal competition force automakers to become more efficient.
Rapid ReadRapid Read
China Approves Walvax's Third mRNA COVID-19 Vaccine Targeting Omicron JN.1 Strain

China Approves Walvax's Third mRNA COVID-19 Vaccine Targeting Omicron JN.1 Strain

China's National Medical Products Administration (NMPA) has granted approval for a COVID-19 mRNA vaccine developed by Yuxi Watson Biotechnology Co., Ltd., a subsidiary of Walvax Biotechnology Co., Ltd. This vaccine is intended for adults aged 18 and above and specifically targets the Omicron JN.1 strain of SARS-CoV-2. This marks the third mRNA COVID-19 vaccine iteration from Walvax's proprietary platform. The vaccine is administered as a 0.15 mL injection containing 30 µg of mRNA encoding the Omicron JN.1 spike (S) protein, delivered via a lipid nanoparticle (LNP) system. The molecular design, manufacturing process, and formulation remain consistent with previous versions, with the only change being the antigen-encoding mRNA sequence. The LNP-formulated mRNA instructs host cells to produce the JN.1 S protein antigen, stimulating neutralizing antibody and T cell responses without introducing a live virus. This approval introduces a domestically developed mRNA option into China's vaccine landscape, which has...
Rapid ReadRapid Read
President Xi Jinping Proposes BRICS AI Open Source Community and Economic Initiatives

President Xi Jinping Proposes BRICS AI Open Source Community and Economic Initiatives

Chinese President Xi Jinping attended Session II of the 18th BRICS Summit in New Delhi, delivering a statement titled 'Cementing the Foundation for BRICS Cooperation and Bolstering the Strength of the Global South.' President Xi emphasized the accelerating global changes and the rising influence of the Global South. He proposed five initiatives to deepen BRICS cooperation, including an open-source and inclusive AI initiative. This initiative aims to establish a BRICS AI open-source community, support cooperation in developing and applying large language models, and organize AI seminars and training courses to build an open AI ecosystem. Other initiatives include trade and investment facilitation, digital industry cooperation, intelligent manufacturing cooperation, and science and technology talent development. President Xi highlighted China's 15th Five-Year Plan as a blueprint for its development and a cooperation list for the world, affirming China's commitment to high-quality development and opening up.
ReutersReuters
Oil rises above $108 as attacks, pipeline outage deepen Saudi supply concerns

Oil rises above $108 as attacks, pipeline outage deepen Saudi supply concerns

By Anushree Mukherjee Sept 15 (Reuters) - Oil prices rose more than 2% on Tuesday after attacks on Saudi Arabian energy infrastructure left the kingdom's East-West pipeline offline, raising fears that damage to energy infrastructure and transport routes could take longer to repair.
TrendlineTrendline
Stryker Seeks Industrial Design Interns for Medical Device Innovation

Stryker Seeks Industrial Design Interns for Medical Device Innovation

Stryker Seeks Industrial Design Interns for Medical Device Innovation