2024-08-23 China Daily Editor：Li Yan Visitors check out rare-earth material samples during an international mineral cooperation forum in Nanning, Guangxi Zhuang autonomous region, in May 2023. (YU JING/CHINA NEWS SERVICE) China’s efforts to promote high-quality development of the rare-earth metals and minerals sector will offer strong impetus to the industry’s green and standardized development amid growing demand for crucial raw materials from emerging areas like new energy vehicles, said industry experts and company executives. Their comments came as the country is stepping up efforts to drive the sector’s high-quality development after unveiling new regulations on mining, smelting and trading of…
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(Bloomberg) — Asian shares rose as a rally fueled by China’s wide-ranging stimulus package lifted equities for a second day and strengthened the yuan.Most Read from BloombergChinese stocks extended gains after the People’s Bank of China on Tuesday unveiled measures to support the economy and financial markets. The onshore benchmark CSI 300 rose as much as 3.2% and is on track to erase its year-to-date losses. The offshore yuan strengthened past 7 for the first time since May 2023.The stimulus that helped the regional stock gauge to soar to the highest level since February 2022 is the latest positive news…
By Kanishka Singh WASHINGTON (Reuters) – Republican presidential candidate Donald Trump was briefed on Tuesday by U.S. intelligence officials on alleged threats from Iran to assassinate him, Trump’s campaign said. “President Trump was briefed earlier today by the Office of the Director of National Intelligence regarding real and specific threats from Iran to assassinate him in an effort to destabilize and sow chaos in the United States,” the campaign said in a statement. The campaign said that intelligence officials have identified that Iranian threats have “heightened in the past few months” and U.S. government officials were working to protect Trump…
“We don’t think we were wrong. We think we were early.” A cringe-worthy answer that rings alarm bells for investment consultants. Higher inflation, increased market volatility, and more variable nominal interest rates are significant opportunities for active managers who can demonstrate their value with differentiated, customer-centric products. But with active management under ongoing scrutiny, investment managers are being caught off guard by tougher questions from an increasingly sophisticated allocator market. Are you prepared for your next beauty parade? The Changing Conversation Between Allocators and Managers I recently sat down with manager selection experts Evan Frazier and Joe Wiggins. During our…
By Laurie Chen and Ben Blanchard BEIJING/TAIPEI (Reuters) -China publicly acknowledged for the first time that it successfully launched an intercontinental ballistic missile into the Pacific Ocean on Wednesday, in a move likely to raise international concerns about the country’s nuclear build-up. The ICBM, carrying a dummy warhead, was launched by the People’s Liberation Army Rocket Force at 08:44 a.m. Beijing time (0044 GMT) on Wednesday and “fell into expected sea areas,” the Chinese defence ministry said in a statement, adding it was a “routine arrangement in our annual training plan” and not directed at any country or target. China…
The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China’s economic growth.Fotoholica Press | Lightrocket | Getty ImagesChina’s yuan hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy on Tuesday.The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China’s onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May.Chinese policymakers will need to be careful not…
Published 13 hours agoSubmitted by Schneider ElectricCourtesy Schneider ElectricSchneider ElectricEmphasizes the importance of a holistic approach to sustainability, and of cross-industry collaborationCompany executives on the ground to discuss sustainable business practices and new initiatives on decarbonization underscoring commitment to sustainabilityResearch from Sustainability Research Institute unveils the importance of integrating sustainable practices in building design and material selectionNEW YORK, September 24, 2024 /CSRwire/ – Schneider Electric, the leader in the digital transformation of energy management and automation, today shared details on its active participation at Climate Week NYC 2024. Under this year’s theme, “It’s Time,” the company is set to unveil significant decarbonization…
Palantir Technologies (NYSE:) Inc., a major stakeholder in Surf Air Mobility Inc. (NASDAQ:SRFM), has recently sold shares in the company. The transactions, which took place over a series of days, resulted in a total sale value of $12,471. The sales occurred at varying prices, reflecting the dynamic nature of the open market. On September 20, 2024, Palantir Technologies sold 4,900 shares of Surf Air Mobility at a weighted average price of $1.1942, with sales executed in a price range from $1.17 to $1.24. Following this transaction, the company’s holdings decreased but still remained substantial, with 1,480,746 shares. Further sales were…
Deep-pocketed Middle Eastern investors are deploying a record amount of capital in China just as other global firms retreat. Source link
Via Metal MinerWith a new government in place following the recent general elections, Indian steel manufacturing firms are again clamoring for the imposition of more import duties and other measures to curb cheap steel imports from China. India ended up being a net importer of steel during the April-March 2024 period. According to provisional government data, this trend persisted, with finished steel imports reaching a five-year high in April and May. Following the renewed demands for import curbs, rumors say that Indian steel and trade ministries are already in talks to resolve the vexing issue.Steel Manufacturing Firms React to Cheep Chinese ImportsThe…