May 10 (Reuters) – China’s Geely Automobile Holdings (0175.HK) on Tuesday agreed to acquire around 34% of Renault Korea Motors, a unit of French carmaker Renault Group (RENA.PA), for 264 billion won …
Monthly Archives For May 2022
China’s Geely Auto To Buy 34% Of Renault Korea Motors In Bid For South Korean, Export Markets
Geely Automobile Holdings, a China automaker controlled by billionaire Li Shufu, has agreed to buy 34% of Renault Korea Motors for an undisclosed amount, Geely Auto said in a press release today.
Pagoda Caught in Food Safety Scandal Ahead of Hong Kong IPO
Pagoda Caught in Food Safety Scandal Ahead of Hong Kong IPO. Image Source: Visual China. BEIJING, May 9 (TMTPOST) — Chinese fruit retail chain Pagoda apologized on S …
Hong Kong’s new leader is Beijing’s designated ‘enforcer’
John Lee Ka-chiu’s election as Hong Kong’s new chief executive signals a decisive turn in the territory’s lurch toward Beijing-style authoritarian rule. Lee, the territory’s former secretary of …
China’s zero-COVID policy is sending ripples through the world economy
“Everything in China is a mess right now in terms of China’s connection … approachable way. We rely on your financial support to keep making that possible. Your donation today powers the independent …
Retailers Brace for Another Week of Earnings As China Lockdowns Hammer the Industry
The impact of lockdowns in China has been the major theme for retail earnings this season thus far. That trend will likely continue over the next two weeks.
China covid crisis: Cases surge in Beijing, officials to identify high-risk spots
China is going through its worst phase of covid again the latest update we are getting is that as covid cases are surging in china Beijing banking is demanding a quick response as a measure…
China’s COVID Lockdowns Push Copper Prices Lower
Starting in late April, copper prices began to take out prior lows. It seemed like an attempt to find a bottom and reestablish a potential bullish reversal in the short term. The Copper Monthly …
Crypto crash: Bitcoin, ETH price plummets and it’s likely to get worse
Major cryptocurrencies bitcoin and ethereum crashed more than 10 per cent overnight as a painful month for owners of the digital coin became excruciating.
How China could force Elon Musk to censor Twitter
Elon Musk’s purchase of Twitter could spell disaster for the social media platform because there’s a danger China may leverage Tesla’s footprint there to force him to censor …
China launches Tianzhou 4 cargo craft to new Tiangong space station
The freighter will help get China’s Tianhe core module ready for a new crewed mission. China has launched a new cargo mission to its space station module in preparation for the arrival of a new…
China April exports to sanctions-hit Russia plunge, imports surge
Chinese exports to Russia fell in April for the second month as China’s northern neighbour grappled with economic sanctions, while Russian shipments to China surged, a balm to hard-hit Russian firms …
China’s export growth weakens to 2020 low as Covid-19 lockdowns bite
Export growth in April in dollar terms slowed to 3.9% from a year earlier, compared to an increase in March of 14.7%, customs data showed Monday …
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