Big ticket mergers in China’s battered technology sector are overdue but a new twist has emerged. Search engine giant Baidu may divest its 53% stake in iQIYI , a Netflix-like streaming service, in a …
Monthly Archives For June 2022
METALS-Copper, aluminium gain on China recovery hopes, Fed rate hike
China’s economy showed signs of recovery in May after slumping … news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and …
Beijing under threat of severe COVID-19 outbreak
The authorities in China capital have warned that a COVID-19 surge due to the bar-related outbreaks was critical and the city is gripped with the most serious …
China’s Sci-tech Strength Rockets Within 10 Years
Historical changes in its sci-tech development over the past ten years, have successfully transformed China into an innovative country, said Wang Zhigang, minister of science and technology at a …
China said it possibly detected alien signals. Then, it deleted report about the discovery
The report, published by Science and Technology Daily — the official newspaper of the Chinese Ministry of Science and Technology — said the signals were caught by the Sky Eye telescope.
China’s Surprise Economic Rebound in May Propelled by Coal
Official Chinese economic statistics for May told a story of a lockdown-wounded economy improving on the back of stronger industrial output and investment – but a deeper look suggests an economy still …
Asia FX bears hit record high on hawkish Fed, China growth worries: Reuters poll
Bearish bets on several Asian currencies hit a record high in the face of rising U.S. interest rates that supported the dollar, while repeated COVID-19 lockdowns threatened to disrupt economic …
Pentagon official says Beijing ‘act of aggression’ against Taiwan will draw response like Russia has seen
A US military planner warned Beijing that should it undertake some “act of aggression” against Taiwan, the likely global response would be closer to that taken against Russia after it invaded Ukraine …
China will support Russia on security, Xi tells Putin in birthday call
Chinese leader Xi Jinping reiterated his support for Moscow on “sovereignty and security” matters in a call with counterpart Vladimir Putin on Wednesday, upholding his backing for the countries’ …
China’s May new home prices fall for second month
China’s May new home prices fell for the second month this year, official data showed on Thursday, depressed by still fragile demand as widespread COVID-19 curbs dented already weak buyer confidence …
Asia FX bears hit record high on hawkish Fed, China growth worries
Bearish bets on several Asian currencies hit a record high in the face of rising U.S. interest rates that supported the dollar, while repeated COVID-19 lockdowns threatened to disrupt economic …
China Brokerage Warns Traders as Stock Surges Over 80% in Days
A Chinese brokerage firm that saw its share price rocket more than 80% in June warned investors of trading risks, adding there’s little change in the company’s business environment. Most Read from …
Hang Seng Index: winning admirers and detractors alike as Corporate China holds sway over benchmark, returns
China’s sway on the city’s market has won admirers and detractors … deterring travellers and slowing business activities that will eventually chip away at its competitiveness. The city’s economy …
