Oil futures finished lower Wednesday, pulling back from strong gains a day earlier when China's announcement of an aggressive monetary stimulus plan sparked a broad commodities rally.
The sale comes a month after Walmart sold its its its US$3.6 billion stake in Chinese e-commerce company JD.com after an eight-year partnership.
Oil markets have continued their rollercoaster ride, with oil prices declining during Wednesday’s morning session as traders ...
"Expectations are that this round of stimulus won't be sufficient to buoy the sluggish economy," they said. China is the world's largest crude importer. "Still, there's optimism that China may ...
PDD remains an undervalued business that is still expected to grow at a decent rate in the next few years. Read more about ...
What is the stimulus package? Is it monetary or fiscal? Monetary: These are measures taken by the central bank, the People's Bank of China, rather than tax-and-spending moves by the government. In ...
The benchmark S&P 500 and the Dow closed at record highs for the second straight time in the previous session, with most of ...
China's cabinet released guidelines prioritizing employment amid socio-economic development. The move comes as the country ...
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it breached the 7 per dollar ...
The raft of new measures aims to jumpstart the economy amid a yearslong property downturn, muted consumer demand, and high youth unemployment.
Investors who have snubbed stocks tied to Chinese growth may face a “pain trade” after the world’s second-biggest economy ...
The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while sterling hit its highest in more than two ...