Alibaba Taps ‘She Power’ In Entrepreneurship
The rapid development of new technology and the widespread use of the Internet will help more Chinese women to become entrepreneurs, a conference packed with famous names was told on Wednesday.
Chinese
Oil Prices Hit By Perfect Storm
Oil traders hoping for a slow down in the bearish trend, to enjoy a relaxing weekend away from the screens, may have been tripped up by the Chinese (FXI, quote) data which slipped out on Saturday, with industrial production coming in at 6.9% against a forecast of 8.8%, missing the forecast by some distance, and whipping up the perfect storm.
A Longer Term Perspective On Silver
Whilst it’s been a torrid time for gold bugs, investors in silver have fared little better, with the metal falling from the dizzy heights of $50 per ounce, to currently trade at $19 per ounce.
Brent Nears $100 On Oversupply
Brent crude oil (BNO, quote) dipped below $101 on Monday morning after last week’s jobs data disappointed. The commodity traded at $100.81 at 4:50 GMT as investors worried about demand in an oversupplied market.
JD.com to sell Microsoft’s Xbox One in China
JD.com Inc, China’s (FXI, quote) second-biggest e-commerce company by market share, will accept pre-orders for Microsoft Corp’s (MSFT, quote) Xbox One games console in China from July 28 to July 30, the firm said on Monday.
China’s inflation grows 2.3% in June
The consumer price index (CPI), a main gauge of inflation, softened to a 2.3-percent year-on-year growth in June, triggering concerns of broader monetary policy easing as a whole-year outlook points to a soft inflation rate.
Samsung Goes Toe to Toe With Apple
In Shanghai China (FXI, quote), Samsung (SSNLF, quote) released its Galaxy Tab S to the Chinese tablet market.
Aussie dollar moves cautiously higher following RBA statement
Like the GBP/USD, the Aussie dollar is another currency pair which is now starting to break out from a recent phase of price congestion, but for the AUD/USD, this period of sideways price action has been in place for considerably longer than Cable, with the pair having been range-bound between 0.9150 to the downside and 0.9370 to the upside for some time.
Apple supplier to make bigger iPhones July in China
Apple Inc’s suppliers will begin producing larger versions of the iPhone in China (FXI, quote) next month, Bloomberg reported citing sources.
Premier: No Hard Landing for China
There will be no hard landing for China’s (FXI, quote) economy, Premier Li Keqiang said yesterday. It will continue to grow at a medium to high pace in the long term.