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China Crisis Series

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Third world countries are not so third now, in last decade, emerging markets, led by China gained into prominence as a driver of global economy, contributing more than half of world's GDP and China in second place. In today's modern financial world, China can't just be ignored, however due to opaque nature of Chinese data and their secrecy, sighting true insight on the country remains a challenge. In this series, we at EconoTimes, take up the challenge to present our readers true, market moving insights.

China Crisis Series

IMF calls on China to speed up financial reform in order to avoid systemic debt problems

Jun 14, 2016 13:37 pm UTC| Commentary Economy

Speaking in Beijing, the International Monetary Fund (IMF) deputy MD Lipton commented on the Chinese economy and said the countrys corporate debt is growing at a fast pace. He urged the authorities to speed up financial...

China Crisis Series

China’s economy to expand 6.3 pct in 2016, 5.8 pct in 2017; CNY expected to weaken in medium term

Jun 06, 2016 12:57 pm UTC| Commentary

The Chinese economy in the first quarter of this year grew 6.7% y/y, a slight slowdown from Q4 2015s 6.8%. The economy slowed in spite of a rally in the property market and a proactive policy easing. On a sequential basis,...

China Crisis Series

FxWirePro: Shanghai equity index seems to have sent repel effects on PBoC's FX fixation - weak CNY daunts investors interest

Jun 01, 2016 07:42 am UTC| Insights & Views Central Banks

The Shanghai and Shenzhen Stock Exchanges imposed limits on the length of voluntary trading suspensions, effective from 27-May. It was set at three months for companies involved in major asset restructuring and one...

China Crisis Series

Cow collateral: Complexity in China’s debt universe

May 27, 2016 12:41 pm UTC| Commentary

We came across a nice Bloomberg article that talks about cow being collateralized in China for bank loans. Here are some parts of the article: China Huishan Dairy Holdings Co., which operates the largest number of dairy...

China Crisis Series

China’s real estate sector recovers, lift investor sentiments

May 20, 2016 05:03 am UTC| Commentary Real Estate

Investor sentiments have boomed in Chinas real estate sector after the latters recovery as prices of residential properties surged in majority cities over the year. The rise in prices can be attributed to the nations soft...

China Crisis Series

Property prices rise in China for 4th straight month on loose lending policies

May 18, 2016 07:18 am UTC| Commentary Real Estate

Chinas property market witnessed upbeat prices in the countrys tier-I and tier-II cities, owing to liberal lending options by banks. Property prices rose 33.1 pct and 6.8 pct on year respectively for the two categories....

China Crisis Series

Price disparity hits record in China’s housing market

May 18, 2016 05:53 am UTC| Commentary Real Estate

As per April numbers, house price in China moved up again and at faster pace, which is likely to be assumed by some as recovery others as bubble or at least recovery due to stimulus. To support the arguments of those,...

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Economy

Burger King Ordered to Compensate Injured Customer With Almost $8M Payout

Burger King is set to shell out about $8 million after the court ordered it to pay a customer who was injured at the restaurant. The burger store chains franchisee in Florida has been found guilty of negligence by the...

Nestlé Reveals New Operations Chief to Replace Retiring Magdi Batato

Nestlé SA food and drink company announced it has appointed the new companys head of operations. Effective on July 1, Stephanie Pullings Hart will be the new deputy head of operations, and she will be stationed at...

Asda Reportedly Finalizing £10B Merger Deal With EG Group

Asda is reportedly in the midst of finalizing its merger agreement with UK-based EG Group, which operates filling stations, fast-food outlets, and convenience stores. Reportedly, the deal will include more than 500 million...

Panera Brands Promotes Exec to CEO Post Amid IPO Plans

Panera Brands Inc., an American bakery-cafe chain store, revealed it has promoted one of its high-ranking executives to become its new chief executive officer. The promotion comes as the company reportedly plans for an...

Samsung To Invest ₩30 Billion in Advancing Smart Factories for SMEs

Samsung Electronics Co. will invest 30 billion won over the next three years in its Smart Factory 3.0 project which would transform SMEs manufacturing facilities into smart factories usingartificial intelligence (AI) and...

Politics

Russia-Ukraine War: Russian Troops Replaced Wagner Fighters in Bakhmut

The Ukrainian deputy defense minister said that Russian troops were replacing the Wagner fighters in the eastern city of Bakhmut, where fighting has been taking place the longest. The minister said that Russian troops were...

North Korea Media Criticizes US, South Korea, Japan Missile Warning Agreement

North Korean state media criticized the agreement made between the United States, South Korea, and Japan that would allow the three countries to share information in real-time on the isolated nations missile launches. This...

US: Biden Nominates Air Force Chief as Top General

The White House announced this week that US President Joe Biden has appointed US Air Force Chief Gen. Charles Q. Brown to serve as the next Chairman of the Joint Chiefs of Staff. Brown would become the second Black officer...

Russia-Ukraine War: Norway to Support Joint Training Programs for F-16s

Norway supports the push for joint training programs for Ukrainian pilots to fly F-16 jets. This follows the endorsement by the United States for the training programs with Ukraine, assuring that the jets will not be used...

Japan Scrambles Fighter Jets Following Incursion of Russian 'Intelligence-Gathering' Aircraft

The Japanese defense ministry said it scrambled fighter jets after a Russian intelligence-gathering aircraft was spotted flying over the Pacific Ocean and the Sea of Japan this week. This follows recent incidents,...

Science

Gravitational wave detector LIGO is back online after 3 years of upgrades – how the world's most sensitive yardstick reveals secrets of the universe

After a three-year hiatus, scientists in the U.S. have just turned on detectors capable of measuring gravitational waves - tiny ripples in space itself that travel through the universe. Unlike light waves, gravitational...

Why don't rocks burn?

While many rocks dont burn, some of them do. It depends on what the rocks are made of and thats related to how they were formed. There are three main rock types: igneous, sedimentary and metamorphic. These rocks are...

Quantum physics proposes a new way to study biology – and the results could revolutionize our understanding of how life works

Imagine using your cellphone to control the activity of your own cells to treat injuries and disease. It sounds like something from the imagination of an overly optimistic science fiction writer. But this may one day be a...

You shed DNA everywhere you go – trace samples in the water, sand and air are enough to identify who you are, raising ethical questions about privacy

Human DNA can be sequenced from small amounts of water, sand and air in the environment to potentially extract identifiable information like genetic lineage, gender, and health risks, according to our new...

Theory of everything: how progress in physics depends on asking the right questions

When I began my undergraduate physics degree (around 20 years ago), What is the theory of everything? was a question that I heard often. It was used as a label for how theoretical physicists were trying to develop a deeper...

Technology

Apple Reveals Broadcom Deal to Develop 5G Components

Apple Inc. revealed it has teamed up with Broadcom Inc. for the development of 5G radio frequency parts in the United States. The companies signed a multi-billion deal for the partnership. With the cooperation between...

Apple, Masimo Lawsuit Declared a Mistrial

What is a black box? A computer scientist explains what it means when the inner workings of AIs are hidden

For some people, the term black box brings to mind the recording devices in airplanes that are valuable for postmortem analyses if the unthinkable happens. For others it evokes small, minimally outfitted theaters. But...

AI is changing how Americans find jobs, get promoted and succeed at work

Whether we realize it or not, advancements in artificial intelligence are increasingly influencing the paths of our careers. Advancements in human capital management systems, more strategic and data-driven human...

AI is already being used in the legal system - we need to pay more attention to how we use it

Artificial intelligence (AI) has become such a part of our daily lives that its hard to avoid even if we might not recognise it. While ChatGPT and the use of algorithms in social media get lots of attention, an...

What is Bluesky and how's it different to Twitter?

Amid management changes at Twitter, discontented users are exploring an alternative social media platform called Bluesky. According to media reports, downloads of the Bluesky app surged more than 600% in...