Chinese companies are facing mounting pressure to repay their dollar debts. More than $100 billion of Chinese corporate dollar bonds are due to mature this year, the largest wave of maturities in history. According to Refinitiv, a global financial market data provider, China’s wave of dollar maturities will reach $118 billion. Japanese investment bank Nomura…
Chinese Companies Facing Largest Wave of Dollar Debt Maturities in History
Blockchain, the Core of the CCP’s Digital Currency in Its Ambition for Global Hegemony
May 23, 2021
admin
AnalysisBlockchain technologyBusinessCCP's Global Financial HegemonyChinaChina Business & EconomyDigitial Currency Electronic Payment DCEPEconomiesOpinion
0 Comment
News Analysis The Chinese Communist Party (CCP) has been pushing its digital currency project in recent years. The CCP’s central bank has been conducting research on digital currencies since 2014. In August 2019, a report by the CCP’s mouthpiece Xinhua News Agency said that the Central Bank’s Digital Currency Research Institute, established in 2017, had so…
Red States Lead the Charge In Lowest Unemployment Rates
Red states, along with lone Democrat-controlled Vermont, topped the charts in lowest unemployment rates in April, while blue states recorded the highest jobless rates, according to the Commerce Department. In a Friday release, the Commerce Department announced that the top five states with the highest unemployment rates in April were Hawaii (8.5 percent), followed by California…
China’s Rapidly Shrinking Workforce Will Shake Up Its Status as the World Factory
May 20, 2021
admin
BusinessChinaChina aging populationChina Business & Economychina demographicsChina shrinking labor forcechinese migrant workersChinese RegimeEconomiesInternationalone-child policyWorld
0 Comment
China’s labor market is undergoing structural changes, with a shrinking labor force and rising labor costs. Young people are reluctant to enter factories, and the international labor market is shifting to Southeast Asia and other places. Some analysts expressed concerns that China’s status as the “world’s factory” may end within a year.
US Jobless Claims Fall Again as Some States End Federal Aid
WASHINGTON—The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market keeps strengthening as consumers spend freely again, viral infections drop and business restrictions ease. Thursday’s report from the Labor Department coincides with moves by nearly all the nation’s Republican governors to cut…
Number of States Dropping Federal Jobless Boost Rises to 22
May 20, 2021
admin
BusinessEconomieseconomyFeatured Topicsfederal unemployment benefitFederal-State RelationsPoliticsRepublicansUSUS News
0 Comment
This week, Indiana, Oklahoma, and Texas joined 19 other Republican-led states moving to drop the $300 weekly federal jobless benefit boost in a bid to encourage the unemployed to get back to work amid sky-high levels of job openings and business hiring woes. The move by the three states to opt out of the $300…
Canada’s 2050 Net-Zero Climate Goal Means Big Spending and Risks, Say Industry, Analysts
To reach ambitious emissions reductions goals, analysts say Canada will have to undergo a tumultuous transition fraught with economic and societal risks, and investment in the energy space can’t afford to dry up.
Explainer: What Beijing’s New Crackdown Means for Crypto in China
May 19, 2021
admin
bitcoinBusinessChinaChina Business & EconomyChinese RegimecryptocurrenciesEconomiesInternationalInvestmenttradingWorld
0 Comment
SHANGHAI—Chinese regulators have tightened restrictions that ban financial institutions and payment companies from providing services related to cryptocurrencies, marking a fresh crackdown on digital money. Compared with a previous ban issued in 2017, the new rules greatly expanded the scope of prohibited services, and judged that “virtual currencies are not supported by any real value.”…
New Hampshire Gov. Drops Federal Unemployment Boost: ‘Let’s Get Back to Work’
New Hampshire’s Republican Gov. Chris Sununu said Tuesday that his state will soon be ending the $300 weekly federal jobless supplement that business groups and others have blamed for discouraging people from taking jobs and fueling a hiring crunch. Sununu said in a statement that New Hampshire would be ending the federal $300 unemployment boost,…
Singapore Airlines Posts Record $3.2 Billion Annual Loss, to Issue Convertible Bonds
Singapore Airlines Ltd on Wednesday posted its second-consecutive annual loss, which widened to a record S$4.27 billion ($3.20 billion), and said it would issue S$6.2 billion ($4.66 billion) of convertible bonds to help weather the coronavirus crisis. The loss for the 12 months ended March 31 was worse than the average S$3.27 billion ($2.46 billion)…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta