US Manufacturing Expansion Eases by 2.4% in December
(ISM) US manufacturing PMI was recorded at 58.7% in December, down by 2.4 percentage points from the previous month. New Orders Index ticked down by 1.1 percentage points to 60.4%,…
OPEC+ to Proceed With 400,000 bpd Oil Output Hike, Says Outlook Is Bright
(OPEC+) OPEC+ has approved the 400,000 barrel a day increase in oil output scheduled for February, citing improved global outlook. OPEC+ cite rising traffic and factory activity in major Asian…
Digital Yuan Pilot Version Availed on Apple and Android App Stores
(People’s Daily) China is edging closer to the rollout of a digital yuan after launching a pilot version of the currency, which can be downloaded on Apple and Android App…
NIU Deliveries Jump 58% YoY in the Last Quarter of 2021
(NIU) NIU Technologies sold 238,188 units of e-motorcycles, e-mopeds, e-bikes, and kick-scooters in the fourth quarter of 2021, up 58.3% from the prior year. In China, the units sold grew…
Chinese Firms Holding Significant Personal Data to Undergo Review in Foreign IPO
(CNBC) The Cyberspace Administration of China will compel firms holding personal information of at least one million users to seek network security review before listing overseas. The directive, effective on…
UK Manufacturing Closes the Year Strongly Amid Logistical and Staffing Challenges
(IHS Markit) The UK recorded a manufacturing PMI of 57.9 in December, a slight decline from a three-month high of 58.1 in November. A slight easing in supply chain constraints…
A Top Bitcoin Whale Has Bought 456 BTCs in New Year Dip
(Bitinfocharts) The third-ranked bitcoin whale has taken advantage of the recent fall in Bitcoin price to add 456 tokens at an average price of $46,363. The purchase, worth about $21…
Applications for US Initial Jobless Benefits Plunges Again to Below 200,000
(Bloomberg) Applications for US state unemployment benefits dropped last week, signaling still-solid labor demand despite the recent surge of COVID-19 infections. Initial unemployment claims amounted to 198,000 in the week…
Apple Pays Unusual $180,000 Bonuses in Talent War With Meta
(Bloomberg) Apple Inc surprisingly issues massive stock bonuses to some engineers in a bid to retain talent, looking to prevent defections to tech rivals such as Facebook parent firm Meta…
Evergrande Announces Resumption of Construction on 91.7% of Projects
(Reuters) China Evergrande Group reported in its Wechat account that 91.7% of its Chinese projects had resumed construction after three months of struggle. Company Chairman Hui Ka Yan promised in…
Shares of FuelCell Energy Plunge 12.44% After Q4 Loss Misses Estimate
(FuelCell Energy) FuelCell Energy Inc posted a loss for the fourth quarter, reflecting increased expenses and missed Wall Street estimates. The Danbury-headquartered company posted a loss of $24.98 million or…
ProShares Seek SEC Approval for a New Metaverse ETF
(Blockworks) ProShares has filed with the SEC to trade a metaverse-based ETF that would monitor the performance of the Solactive Metaverse Theme Index. The Solactive Metaverse Theme Index (SOMETAV), largely…
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