Arm CEO Rene Haas said in an internal memo that the semiconductor designer will cut 12 to 15 per cent of staff in the UK and US as it prepares for an IPO.
Monthly Archives For March 2022
U.S. warns China against helping Russia as sanctions mount
The United States warned China against providing military or financial help to Moscow after its invasion of Ukraine, as sanctions on Russian political and business leaders mounted and civilians sought …
Yum China Provides Update on the First Quarter 2022 Business Performance Amid the Latest COVID-19 Development in China
Yum China Holdings, Inc. (the “Company” or “Yum China”) (NYSE: YUMC and HKEX: 9987) today updated its first quarter 2022 business performance in light of the recent COVID-19 development in China. As …
China retail data surprise, big miners drop
China retail data beats expectations, big miners fall on ASX as Rio Tinto plans to increase control of the Oyu Tolgoi copper mine in Mongolia.
A Legal Settlement Shows the Risks of Doing Business in China
U.S. companies Tang and Soaring Wind are owed more than $85 million. They’ll collect less than 30% of that.
UPDATE 1-China’s Jan-Feb property investment perk up slightly on easing measures
China’s property investment bounced slightly over the first two months of 2022 after a fall in December, official data showed on Tuesday, helped by the easing of property curbs to relieve a liquidity …
China continues to fight its worst Covid-19 outbreak, sees highest daily count since start of pandemic
China has recorded 5,280 new coronavirus infections in the last 24 hours with the worst-hit area being the Jilin province.
China’s Local Symptomatic COVID-19 Cases Rise as Jilin Outbreak Grows
A total of 3,507 domestically transmitted cases with confirmed symptoms were reported on Monday across more than a dozen provinces and municipalities, the National Health Commission said, up from 1,33 …
China Opens Liquidity Gates Amid Rising Headwinds to Growth
The People’s Bank of China injected a net 100 billion yuan. It also kept the interest rate unchanged at 2.85% on Tuesday after slashing it in January for the first time in almost two years.…
CTS Global has P1.37B IPO approved by the SEC
CTS plans to plow the IPO proceeds into global markets to achieve its goal of sourcing at least 75% of its trading revenue from global markets by 2025.
China’s zero-COVID policy put to the test amid multiple outbreaks driven by ‘stealth omicron’
China banned most people from leaving a coronavirus-hit northeastern province and mobilized military reservists Monday as the fast-spreading …
China policy banks slash overseas energy finance to zero in 2021 – research
China’s two main trade policy banks made no new overseas energy finance commitments in 2021, a first for this century and a sign that Beijing’s pledge to stop investing in foreign coal plants is …
China reports 3,602 new confirmed coronavirus cases on March 14 vs 1,437 a day earlier
Mainland China reported 3,602 new confirmed coronavirus cases on March 14, the national health authority said on Tuesday, compared with 1,437 a day earlier.
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