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BUSINESSJul 7China’s central bank buys the dip, adding 15 tons to gold reserves in JuneSeeking Alpha Tech
BUSINESSJul 7Alberta cant afford to sit on the sidelines while B . C . heads to ChinaThe article suggests Alberta cannot remain inactive while British Columbia pursues economic engagements with China. This highlights inter-provincial competition in international trade strategy.edmontonjournal.com · Canada
BUSINESSJul 7Toyota, Honda China sales slide as buyers shift to EVsToyota and Honda are experiencing a decline in sales in China as consumers shift towards electric vehicles. This indicates a significant change in the automotive market.Seeking Alpha Tech
BUSINESSJul 7Ferrari, BMW Join Tesla, China in Switch from Copper to Aluminum“Ferrari and BMW are rolling out new models featuring lightweight, cost-effective aluminium wiring, accelerating a shift away from copper, the dominant material in electric wiring since the invention of the electric ​battery two centuries ago. The decisions follow similar moves by Tesla and Chinese EV makers and reflect a broader industry trend forecast to affect […] The post Ferrari, BMW Join Tesla, China in Switch from Copper to Aluminum appeared first on Human Progress.Human Progress
BUSINESSJul 7Kingsoft receives Overweight rating by Morgan Stanley as it emerges as pure AI cloud play in ChinaKingsoft has received an "Overweight" rating from Morgan Stanley, recognizing its emergence as a dedicated AI cloud player in China. This indicates positive analyst sentiment regarding the company's strategic focus.Seeking Alpha Tech
BUSINESSJul 7Constructive view on Taiwan Semi's GCS remains despite Goldman's cautious view: analystAn analyst maintains a constructive view on Taiwan Semi's GlobalFoundries (GCS) despite a cautious outlook from Goldman. This reflects differing expert opinions on a major semiconductor company's performance.Seeking Alpha Tech
BUSINESSJul 7Hong Kong’s war-risk pool testament to collaboration, insurance leader saysThe launch of a marine war-risk pool by Hong Kong insurers is a prime example of how the city’s insurers can collaborate not just for the benefit of the local economy but for the entire nation, an industry veteran has said. At the South China Morning Post’s China Conference, themed “Intelligence at Scale: Hong Kong’s AI-Powered Future”, panel speakers considered how the insurance industry could bolster financial resilience across the Greater Bay Area. Speaking at the event, Selina Lau Pui-ling,...South China Morning Post
BUSINESSJul 7Where is China heading Filling its vaults with gold while markets collapseChina is reportedly increasing its gold reserves while other markets are collapsing. This raises questions about its economic direction and stability.bankingnews.gr · Greece
BUSINESSJul 7Saipem awarded $2B contract for Indonesia offshore gas projectSaipem has been awarded a $2 billion contract for an offshore gas project in Indonesia. This significant contract award impacts the energy sector and Saipem's business operations.Seeking Alpha Tech
BUSINESSJul 7China extends gold-buying binge to 20th month amid Beijing’s de-dollarisation pushChina’s central bank extended its gold-buying streak to a 20th straight month in June, adding 480,000 troy ounces (14.93 tonnes) to its reserves as policymakers continued to accumulate bullion amid de-dollarisation discussions. The People’s Bank of China said gold holdings rose to 75.44 million troy ounces (2,346 tonnes) at the end of June. The latest addition extended the longest buying streak since 2015. The steady accumulation underscores Beijing’s drive to diversify its foreign-exchange...South China Morning Post
BUSINESSJul 7World markets are mixed while Korean shares slump despite an AI - led rebound on Wall StGlobal markets are experiencing mixed results, with Korean shares declining despite a rebound on Wall Street driven by AI. This indicates varied financial performance across different regions and sectors.idahopress.com · United States
BUSINESSJul 7AI specialty gas tightness drives China best - performing A - Share in H1Tight supply in AI specialty gases is identified as a key factor driving the performance of a top-performing A-Share in China during the first half of the year. This indicates specific market trends related to the AI industry.fastmarkets.com · China
BUSINESSJul 7Hong Kong should build AI plan around ‘competitive’ strengths, industry leaders sayHong Kong should draft a five-year plan that includes an artificial intelligence (AI) focus that is not too broad, makes the most of its core strengths and attracts the best talent to develop the sector, industry leaders have said. At the South China Morning Post’s China Conference on Tuesday, titled “Intelligence at Scale: Hong Kong’s AI-Powered Future”, speakers at two panel discussions considered how Hong Kong could deliver on its AI aspirations and the city’s readiness as a launch pad for...South China Morning Post
BUSINESSJul 7Hong Kong yuan facility to expand 150% to US$73.6 billion to meet international demandHong Kong will substantially increase its yuan facilities for banks from this Friday, while the city will also introduce a new electronic fixed income and currency (FIC) trading system as part of its latest efforts to promote yuan trading, according to local market regulators on Tuesday. Hong Kong Monetary Authority (HKMA) would increase the quota of its RMB Business Facility for banks by 1.5 times to 500 billion yuan (US$73.6 billion) from this Friday, according to its chief executive Eddie Yue...South China Morning Post
BUSINESSJul 7Japanese firms flag risks of China's rare earth export controls - reportSeeking Alpha Tech
BUSINESSJul 7Asian markets retreat , with Korean shares slumping despite an AI - led rebound on Wall StAsian markets are retreating, with Korean shares experiencing a slump, despite a rebound on Wall Street driven by AI. This indicates divergent performances in global financial markets.seattletimes.com · United States
BUSINESSJul 7Japan real wages in May rise for 5th straight month on robust labor talksJapan's real wages in May rose 1.4 percent from a year earlier, increasing for the fifth straight month and marking the longest positive streak since a seven-month run…Japan Today
BUSINESSJul 7South Korea’s Incheon airport hits 1 billion passengers in record-breaking timeSouth Korea’s Incheon International Airport achieved a historic milestone in global aviation by recording 1 billion cumulative passengers in the shortest period among the world’s major hub airports, the airport operator said on Tuesday. According to Incheon International Airport Corp (IIAC), the airport crossed the 1 billion passenger mark just 25 years and three months after its opening in March 2001, outpacing all historic rival global hubs. Germany’s Munich Airport required 33 years and 10...South China Morning Post
BUSINESSJul 7Lokesh seeks EV, semiconductor investment from Korean giants for Andhra PradeshOn his South Korea visit, the Minister invited Hyundai Mobis, LG Electronics and APACT to set up EV, semiconductor and electronics units; LG confirmed a ₹5,000-crore plant at Sri CityThe Hindu
BUSINESSJul 7World Bank cuts China growth outlook through 2027Seeking Alpha Tech
BUSINESSJul 7Assam seeks deeper Japan ties in semiconductors, clean energyHimanta Biswa Sarma said Assam is keen to play a greater role in advancing the India-Japan Special Strategic and Global Partnership and reaffirmed the State’s commitment to contributing to the growing relationship between the two countriesThe Hindu
BUSINESSJul 7China's smartphone sales slide 13% as higher memory prices hit promotionsSeeking Alpha Tech
BUSINESSJul 7Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fearsChina’s crude oil demand is expected to peak this year, according to executives from the country’s largest oil firm, a scenario set to further reshape the global energy market following the Strait of Hormuz crisis. The world’s top oil importer would record slowing demand as reductions in the use of transport fuel outweighed gains in petrochemical demand, said Zhang Changbao, vice-president of China National Petroleum Corporation (CNPC) Asia-Pacific (Hong Kong), at an event in Hong Kong on...South China Morning Post
BUSINESSJul 7China records most new unicorn start-ups in 5 years as AI and robotics boomChina’s innovation ecosystem has witnessed a resurgence, minting 67 new unicorn start-ups in the first half of 2026 – the biggest increase in almost five years – as AI and robotics kick off a new investment cycle. The growth translates into an average of one new unicorn – private companies valued at US$1 billion or more – in less than every three days and was the highest since the second half of 2021 when 76 new unicorns were created, according to a Monday report by ITJuzi, a start-up...South China Morning Post
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