US punishment of Beijing for supporting Russia could target China’s large foreign reserve assets, economists say Because China runs a trade surplus, it has to invest in foreign assets and there few …
Monthly Archives For April 2022
China says Russia can’t be blamed for “disturbing” civilian deaths in Ukraine until “full picture is clear”
The Chinese foreign minister said Russia can’t be blamed for the “deeply disturbing” civilian deaths near Kyiv until the “full picture is clear.” …
Crypto, blockchain and NFTs: Andreas Veneris explains the fast-moving digital assets space
U.S. President Joe Biden recently signed an executive order that calls on several agencies to work towards a regulatory framework for certain types of digital assets, potentially …
China’s Covid-19 Lockdowns Could Crimp Alibaba Earnings
Covid-19 lockdowns have likely hurt overall economic activity in China, which is bad news for Alibaba stock, Citi says.
China reports record 20,000 daily COVID-19 cases as Shanghai begins new round of testing
SHANGHAI: China reported more than 20,000 COVID-19 cases on Wednesday (Apr 6), the highest daily tally given since the start of the pandemic, with Shanghai the heart of the virus surge despite being …
Shanghai eases COVID-19 child separation policy
SHANGHAI: Shanghai on Wednesday (Apr 6) made some concessions on a widely unpopular child separation COVID-19 policy, in a nod to growing public frustration as it extends a citywide lockdown t …
China says Bucha images ‘deeply disturbing,’ but assigns no blame
BEIJING — China on Wednesday said images of civilian deaths in the Ukrainian town of Bucha are “deeply disturbing” but that no blame should be apportioned until all facts are known. Emerging evidence …
China state refiners shun new Russian oil trades, teapots fly under radar
China’s state refiners are honoring existing Russian oil contracts but avoiding new ones despite steep discounts, heeding Beijing’s call for caution as western sanctions mount against Russia over its …
Putin ally China rejects Russian oil despite steep discounts amid Western sanctions, report says
while support is building within the EU to join the US in banning imports outright. As Western sanctions continue to snag Russia’s economy, some analysts have said Putin may increasingly turn to China …
Alibaba, SoftBank Score First 2022 IPO Windfall With GoTo Sale
GoTo Group, whose business spans ride-hailing, e-commerce and fintech, became one of the world’s biggest listings this year, giving a much needed boost to early backers including China’s Alibaba Group …
U.S. Says China Could Face Sanctions if It Supports Russia’s War in Ukraine
Sanctions imposed on Russia over its war in Ukraine should give China a “good understanding” of the consequences it could face if it provides material support to Moscow, U.S. Deputy Secretary of State …
The Crypto Report: Bitcoin and Ethereum lower as inflation and Chinese COVID-19 woes weigh
Top digital currencies slumped, mirroring the wider markets, as rising inflation and the escalating Coronavirus (COVID-19) crisis in China spooked investors. Bitcoin lost 2.6% to US$45,426, while …
Should You Buy the Dip of the Crypto Crash?
Major sell-offs started when the CEO of Tesla announced that the company will stop accepting Bitcoins as payment, citing environmental concerns because of the large energy consumption needed for …
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