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3d07/08

Chinese profit-taking triggers record gold ETF outflows amid shift to equities

Chinese investors pulled a record US$2.91 billion out of domestic gold exchange-traded funds (ETFs) in June, taking profits as a stock-market surge and a strong yuan dimmed the appeal of the safe-heaven metal, according to the World Gold Council (WGC). Mainland Chinese funds were the biggest drag on Asia’s gold ETFs in June, “as local investor risk appetite continued to improve”, prompting them to turn to higher risk, higher return assets, according to the findings of the council’s report...

unclassifiedchina · asia
3d07/08

Regarding the “waiting for a big dip to get back into the market” folks:

Is it possible that, because this market has been booming for so many years in a row now, there’s a huge backlog of dry powder just ready to pounce? In other words, any would-be crash will be muted and almost immediately bought up by the trillions of dollars just sitting on the sidelines. I remember reading that there’s “$17T sitting on the sidelines” a year ago, but it’s not a figure that’s talked about a lot. submitted by /u/pseudonominom [link] [comments]

Socialunclassifiedeurope
3d07/08

China Molly Tea’s US$1.5 million Louis Vuitton fine sparks fierce debate, customer support

After a Chinese milk tea brand was ordered by a Suzhou court to pay Louis Vuitton 10.3 million yuan (US$1.5 million) for trademark infringement, many internet users expressed their support for the mainland company, with some claiming they have lost their positive impression of the luxury brand following the case. The news of the verdict, announced in early July, has been viewed 400 million times on Weibo, alongside a hashtag “Molly Tea lost the lawsuit but won the public’s heart,” which...

unclassifiedchina · asia
3d07/08war-conflict · 2/5

Are the US’ AI models better than China’s? That may be beside the point

As another heatwave rolled across Europe, the warehouses emptied before the politics could catch up. Air conditioners and fans sold out across Spain, Italy and Germany, most of them Chinese. Fan sales in Spain alone on the retail platform of Alibaba Group Holding (which owns the South China Morning Post) nearly doubled last month while Midea Group’s air-conditioner sales in western Europe surged by over 70 per cent in the first six months of the year. A decade from now, such heatwaves may become

unclassifiedchina · asia · germany
3d07/08

BYD challenges Porsche’s 911 with launch of electric supercar in Europe

Chinese electric vehicle (EV) assembler BYD has set its sights on Porsche’s supercars with plans to sell its Denza-branded new models in developed markets, the latest sign of its increasing heft in designing and manufacturing premium vehicles. The Shenzhen-based carmaker planned to unveil the Denza Z sports car featuring BYD’s self-developed intelligent DiSus body control ­system at the UK’s Goodwood Festival of Speed on Thursday, it announced in a statement. The European debut of the sports...

unclassifiedchina · asia · europe
3d07/08

Rainy holidays, AC exports: Thailand eyes red-hot business from Europe heatwave

As soaring temperatures fuel demand for cooling in Europe, Thailand is pitching itself as a source of relief, promoting rainy-season holidays while exporting more air conditioners. With tourism and outbound shipments two of the Southeast Asian economy’s biggest drivers, Europe’s heatwaves are creating opportunities on both fronts. The Tourism Authority of Thailand has launched a campaign encouraging European travellers to swap scorching summer temperatures for the nation’s milder rainy season,..

unclassifiedchina · asia · europe
3d07/08war-conflict · 3/5

South Korea loses Canada submarine deal but cements top-tier defence status

South Korea may have lost Canada’s multibillion-dollar submarine order, but analysts say its close-run contest with Germany has handed Seoul a different prize: proof that it can challenge one of the world’s traditional undersea warfare powers on a stage watched closely by defence buyers. Canada chose Germany’s Thyssenkrupp Marine Systems (TKMS) as the preferred bidder for a programme worth about US$40 billion to build up to 12 diesel-electric submarines, along with long-term maintenance and...

unclassifiedchina · asia · germany
3d07/07war-conflict · 1/5

Scalable: New terms and conditions

New terms and conditions Trade cheaply: Best execution in the broker on the European Investor Exchange – fees remain unchanged at €0 with PRIME+ from an order volume of €250, otherwise €0.99. More choice: Over 1.8 million derivatives from seven issuers. Xetra now for €1.99 and without any trading venue fees. These new conditions also apply to gettex from September 1st, 2026. I don't really know what to think about it. Trading at Gettex then costs €1.99. That's quite a downgrade, especially because of the spread

Socialunclassifiedgermany · usa · europe
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