14 h. ago Top analyst says China is playing a 'key role' in the price of gold going through the roof, and he's got the data to prove it

Top analyst says China is playing a 'key role' in the price of gold going through the roof, and he's got the data to prove it  Fortune

Politics

47 h. ago Asia stocks rise on China data, trade talks; Nikkei hits record highs on Takaichi bet

Asia stocks rise on China data, trade talks; Nikkei hits record highs on Takaichi bet  Seeking Alpha

Events

52 h. ago Hong Kong exchange sees further growth ahead for record ETF market

Bourse operator Hong Kong Exchanges and Clearing (HKEX) expects its exchange-traded fund (ETF) market to continue growing after hitting record turnover and new listings this year, according to a senior executive. Average daily turnover in ETFs doubled to a record HK$37.8 billion (US$4.8 billion) in the first nine months, as the exchange’s 225 ETFs drew an increasing number of investors from mainland China, Asia, the Middle East and Europe. ETFs are listed index funds that track the performance...

Politics

4 d. ago China’s rare earth export controls have gone global. Can it enforce them?

As more countries begin formulating contingency plans for their stocks of rare earth elements, analysts said China’s tightening control over its near-monopoly status in the supply and refining capacity of the minerals – an action taken as part of Beijing’s broader trade conflict with the US – could face challenges in enforcement. Last week, China announced a sweeping expansion of its export control regime as it relates to rare earth elements – raw materials that are crucial components in the...

Politics

5 d. ago China’s Canadian oil imports hit record as Beijing shuns US crude

China’s Canadian oil imports hit record as Beijing shuns US crude  investingLive

Events

5 d. ago Nvidia chief holds onto hope as China market share disappears

Nvidia founder and CEO Jensen Huang said the company’s position in China has dropped from 95 per cent of the advanced chip market to zero, as the US semiconductor giant is not allowed to sell its advanced products to mainland companies under US export restrictions. “Hopefully, we will continue to explain and inform and hold on to hope for a change in policy”, he said at a Citadel Securities event in New York on October 6. A video of the interview was published on Wednesday. “At the moment, we’re...

Events

5 d. ago China frames message of partnership for EU members to take to Brussels

Amid deep mistrust over trade and geopolitical differences, China is courting European powers, urging them to champion the EU’s strategic autonomy and framing its relationship with the bloc as a partnership defined by cooperation not confrontation. China and Europe had no geopolitical conflict or fundamental clash of core interests, Chinese Foreign Minister Wang Yi told the French president’s diplomatic adviser Emmanuel Bonne on Wednesday. The two sides’ proper positioning should be as partners,...

Politics

6 d. ago Want to avoid meeting a bear in Japan? There’s an AI tool for that

Researchers at a Japanese university have developed a system that uses artificial intelligence to determine the possibility of encountering a bear within 1 sq km (0.4 square miles), a critical new tool as the number of people killed or injured by bears is expected to hit a record high. Lead developer Yusuke Fukazawa is an associate professor of applied machine learning at Sophia University who enjoys orienteering and hiking and hopes his studies will help to create an application that makes such...

Politics

6 d. ago Carbon dioxide levels hit record last year, causing more extreme weather

Heat-trapping carbon dioxide levels in the atmosphere jumped by the highest amount on record last year, soaring to a level not seen in human civilisation and “turbocharging” the Earth’s climate and causing more extreme weather, the United Nations weather agency said Wednesday. The World Meteorological Organization said in its latest bulletin on greenhouse gases, an annual study released ahead of the UN’s annual climate conference, that carbon dioxide growth rates have now tripled since the...

Events

6 d. ago Global monthly EV sales hit record 2.1 million, with 62% Chinese

Global electric vehicle (EV) sales hit a record last month, buoyed by Chinese consumers’ growing interest in new models and the rising popularity of battery-powered cars in Europe. Worldwide September deliveries of pure-electric cars and plug-in hybrids jumped 24 per cent from a year earlier to 2.1 million units – breaking 2 million for the first time and topping the previous record of 1.9 million in December, according to London-based consultancy Rho Motion. The figure represented 20 per cent...

Economics

6 d. ago Gold price today, Wednesday, October 8: Gold hits another record as China conflict hits farmers

Gold price today, Wednesday, October 8: Gold hits another record as China conflict hits farmers  Yahoo Finance

Events

6 d. ago Price surge weighs on gold, silver sales in India’s Diwali market

Record-high gold and silver prices fuelled by US-China friction have dented demand for the precious metal in key consumer market India, in the lead-up to the peak buying period for the Diwali festival. Gold was trading at US$4,197.5 per troy ounce on Wednesday afternoon, as a spike in US-China trade tensions fuelled investors’ demand for the asset, long seen as a safe-haven investment. The silver market has been gripped by a lack of liquidity, sparking a worldwide hunt for the metal. Prices hit...

Economics

6 d. ago China’s EV giants head overseas, Tesla Shanghai plant boosts output: 7 EV reads

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Tesla’s Shanghai factory deliveries hit record as Model Y variant woos buyers Tesla’s Shanghai Gigafactory saw a jump in deliveries last month, as its upgraded models struck a chord with wealthy Chinese consumers who favour spacious vehicles. 2. As China’s EV boom makes the EU anxious,...

Politics

8 d. ago Typhoon Elsie batters Hong Kong in 1975, leaving 50 hurt – SCMP archive

This article was first published on October 15, 1975. Direct hit – but Elsie’s harmless Hong Kong on Wednesday (October 15, 1975) began to mop up after Typhoon Elsie scored a near-direct hit on the colony with winds gusting up to 113mph (182km/h). At dawn on Wednesday, Royal Navy boats, army helicopters and marine police launches were to begin a sweep of outlying areas to see where help was needed. But at 3am, it appeared that little help was needed anywhere in Hong Kong. The colony had escaped...

Politics

8 d. ago China’s Leading Investment Bank Eyes $600M BNB Treasury as Token Hits Record High

China’s Leading Investment Bank Eyes $600M BNB Treasury as Token Hits Record High  Yahoo Finance

Economics

8 d. ago China’s Soy Imports Hit September Record, Despite Avoiding US

China’s Soy Imports Hit September Record, Despite Avoiding US  Bloomberg.com

Events

1 week ago Amid rising volatility, a new gold standard may be closer than we think

Amid all the artificial intelligence-induced euphoria – or irrational exuberance – in stock markets and despite the unease caused by rising bond yields and falling prices, relatively little attention has been paid to the rising price of gold. The implications have potentially seismic monetary significance. Those who do see fit to comment on gold’s dramatic price increase this year – passing US$4,000 an ounce for the first time on Wednesday – tend to brush it off as a reaction to a falling US...

Politics

1 week ago America and China remain prone to conflict and miscalculation

America and China remain prone to conflict and miscalculation  The Economist

Events

1 week ago Trump’s latest tariffs trigger over US$6 billion in cryptocurrency liquidations

Cryptocurrency market traders have been hit by record liquidations just days after bitcoin hit a fresh all-time high, with volatility triggered in large part by the latest round of tariffs from US President Donald Trump. Crypto prices tumbled on Friday after Trump said he would impose an additional 100 per cent tariff on China and export controls on software. The declines precipitated – and then were made worse by – what data tracker Coinglass described as “the largest liquidation event in...

Economics

1 week ago Trump’s latest tariffs trigger record cryptocurrency liquidations

Cryptocurrency market traders have been hit by record liquidations just days after bitcoin hit a fresh all-time high, with volatility triggered in large part by the latest round of tariffs from US President Donald Trump. Crypto prices tumbled on Friday after Trump said he would impose an additional 100 per cent tariff on China and export controls on software. The declines precipitated – and then were made worse by – what data tracker Coinglass described as “the largest liquidation event in...

Politics