Saudi Arabia cut oil prices for buyers in Asia as coronavirus lockdowns in China weigh on demand, countering uncertainty around Russia’s supplies as the Ukraine war drags on.Most Read from …
Monthly Archives For May 2022
Putin humiliated as China’s tech giants pull out of Russia in major blow for Kremlin
China’s exports of tech products to Russia plummeted from February to March, with laptop shipments being slashed by over 40 percent. Smartphone shipments were also cut by nearly two-thirds. And …
UPDATE 1-Sri Lanka in talks for $100 mln emergency funding from Beijing-backed bank
COLOMBO, May 8 (Reuters) – The China-backed Asian Infrastructure Investment Bank is considering granting $100 million in emergency support to Sri Lanka, the country’s finance ministry said on Sunday.
Sri Lanka in talks for $100 mln emergency funding from Beijing-backed bank
The China-backed Asian Infrastructure Investment Bank is considering granting $100 million in emergency support to Sri Lanka, the country’s finance ministry said on Sunday. We apologize, but this …
China greenlights IPO registration on Nasdaq-style board
China’s securities regulator has approved the initial public offering (IPO) registration of Kunshan Asia Aroma Corp., Ltd. on the country’s Nasdaq-style board. The company will be listed on the …
‘Zero-COVID’ lockdowns cancel exams for students in China
Thousands of high school students in China learned Friday that COVID-19 restrictions will prevent them from taking Advanced Placement exams that many prepared for to improve their chances of attending …
Beijing City Reports 39 New Local COVID Infections Over Past 24 Hours
The city has had a total of 727 COVID infections since April 22, Pang Xinghuo, deputy director at Beijing Municipal Health Commission, told a news briefing. (Reporting by Roxanne Liu and Eduardo …
China’s Economy Had “High Hopes” For This Year. Then, Covid Played Truant
President Xi Jinping has offered state backing for tech, infrastructure and jobs to revive China’s economy, but analysts warn growth will continue to wilt until Beijing drops its rigid virus controls.
Chaos At Apple China Supplier. Reason: Shanghai Covid Curbs
Quanta Shanghai Manufacturing City would seem like an ideal site to implement China’s “closed-loop” management system to prevent the spread of COVID that requires staff to live and work on-site in a …
Beijing Residents Keep Faith With Government’s Zero-Covid Strategy
BEIJING—For weeks, Beijing has teetered on the edge of a hard, Covid-induced lockdown. For the most part, citizens are unruffled, confident that the restrictions that have paralyzed Shanghai for six …
Coronavirus: China’s central bank lends support as Shanghai eyes reopening after Covid-19 cases drop for 15th straight day
New infections fell 5.7 per cent 3,975 from the preceding 24 hours, while symptomatic cases slid 15 per cent to 215, city officials said on Sunday China’s central bank asked lenders to grant easy …
China’s forex reserves fall in April on dollar index surge China’s forex reserves fall in April on dollar index surge
An official attributed the decline in China’s forex reserves to the combined impact of the surge in the dollar index and the sharp decline in financial asset prices globally, due to factors including …
Nvidia fined $5.5 million for allegedly failing to disclose exact GPU sales to crypto miners
The order claims Nvidia misled investors by reporting a boost in revenue related to “gaming,” but hiding how much of the success relied on the volatile crypto market.
