Brazil posted a record $61 billion trade surplus in 2021, according to data released on Monday by the Ministry of Economy, with the country pushing out over $280 billion in exports and taking in just…
Monthly Archives For January 2022
China’s New Rules Limiting Overseas IPOs Go Into Effect
In spite of the clampdown, the rules don’t completely prohibit overseas listings, Real Money’s Alex Frew McMillan says.
Private Equity Firm TPG Files with SEC for $9.5B IPO
In a SEC filing, TPG announced that it is planning to sell shares between $28 and $31 each in an initial public offering (IPO) that could raise $877 million.
China closes key port after Covid outbreak, increasing pressure on supply chain
CNBC’s Lori Ann LaRocco reports on the shuttering of the Chinese port of Ningbo due to a Covid outbreak and the impact it’s likely to have on the supply chain.
China Evergrande’s $300 billion cash crunch is deepened by demolition order
The decree from authorities on the southern Chinese island of Hainan has plunged the embattled property giant into a fresh publicity crisis.
Tesla faces criticism for opening showroom in China’s Xinjiang province, where Uyghurs face persecution
American companies have come under mounting pressure, both from Western organizations and consumers and from the Chinese government, to take a side on issues including Taiwan and the persecution of …
China’s Finance Crackdown Ensnares More Than 20 Officials (1)
China’s anti-graft crackdown has so far brought down more than 20 financial officials as authorities step up scrutiny over the nation’s $54 trillion financial system at a time of growing turmoil in …
Crypto Alert: China Offers Pilot Wallet App for Digital Yuan
In China’s new app, available via Apple and Google Android stores, users can create a wallet for digital yuan and spend them.
Nike and Adidas are Losing Momentum in China to These Native Footwear Brands
Chinese brands have lost share as a result of boycotts against Adidas, Nike and other Western brands that have refused to source cotton from China’s Xinjiang region, due to allegations of forced labor …
Everything You Need to Know About the China Criticisms Weighing on Tesla Stock
Tesla stock is falling after the news of Elon Musk’s decision to set up shop in a region of China known for human rights violations.
Lawson convenience stores gain foothold in China tech hub Shenzhen
Convenience store chain Lawson has acquired a smaller peer in Shenzhen for 310 million yuan ($48.8 million), the Japanese company saidTuesday, gaining access to shoppers …
Beijing organizers seal off COVID-19 ‘bubble’ with 1 month left before Winter Olympics
Beijing sealed off its coronavirus “bubble” on Tuesday with a month to go before the 2022 Winter Olympics begin, meaning staffers working the Games will be sequestered there for weeks until the event …
China locks down a city of 1 million people over 3 cases of COVID-19
The lockdown comes just a month before the Beijing Olympics — and as over 1 million new cases were reported in the US on Monday.
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