High domestic prices restrained physical gold demand in India this week, while uncertainty surrounding Taiwan-related developments prompted bullion importers in China to hold off on big purchases.
Monthly Archives For August 2022
US, Indonesia, Australia hold drills amid China concerns
Soldiers from the U.S., Indonesia and Australia joined a live-fire drill on Friday, part of annual joint combat exercises on Sumatra island amid growing Chinese maritime activity in the Indo-Pacific …
China crypto mogul seeks to sell Huobi stake at US$3 billion value
Huobi Group founder Leon Li is in talks with a clutch of investors to sell his majority stake in the crypto-exchange at a valuation of as much as US$3 billion, in what could be the…
China Mobile bullish on 5G user growth
China Mobile predicted continued gains in 5G network customer numbers over the second half, after doubling the number in H1.
With Alibaba stake cut, SoftBank’s Son cools toward China tech
SoftBank Group Corp’s decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at shoring up cash reserves, but it also underlines how CEO Masayoshi Son has cooled…
China Mobile bullish on 5G user growth
China Mobile predicted continued gains in 5G network customer numbers over the second half, after doubling the number in H1.
ZTE lands largest share of China Mobile’s centralized procurement 2022-2023 of OTN devices
ZTE Corporation has announced that it has ranked No.1 with a share of 50% in China Mobile’s centralized procurement 2022-2023 of OTN devices. ZTE’s selected devices will help the operator increase the …
Baltic States Abandon East European Cooperation With China
Latvia and Estonia joined Lithuania in abandoning the so-called 16+1 eastern European framework with China, which once threatened to divide the European Union in its relations with the world’s most …
Two officials at China’s Henan banking regulator under investigation
Two officials at Henan’s banking regulator are under investigation for suspected violations of law and discipline, China’s top banking and insurance regulator said on Friday. (Reporting by Beijing …
China’s ‘Zero-Covid’ Fiasco Will Give Dollar Rally New Life
The U.S. dollar remains an oasis of stability in a world of volatility, uncertainty and zero-Covid policy mistakes resulting in near-zero growth outlooks.
China Automotive Systems Reports Almost 200% Increase in Net Income in the Second Quarter of 2022
China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the …
Republic Investigation | National Crypto Scam: The Biggest Financial Expose Of 2022
Interestingly, during the investigation, it was found that the fintech companies allegedly received funds from China and Hong Kong.
China’s Huobi founder looks to sell stake for over $1 bln- Bloomberg News
The founder of China’s Huobi Group, which runs one of the world’s largest cryptocurrency exchanges, is in talks with investors to sell his almost 60% stake in the exchange for over $1 billion, …
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