TOKYO (AP) — Global stocks mostly advanced Monday as investors weighed uncertainties such as the U.S. midterm elections and China’s possible moves to ease coronavirus restrictions. Oil prices fell and …
Monthly Archives For November 2022
What early exit? China doubles down on zero-Covid pledge despite public frustration
China has reiterated its unswerving commitment to its longstanding zero-Covid policy, despite mounting public frustration the stringent measures are costing the very lives they’re intended to protect.
Apple warns of iPhone shortages after China lockdown
The tech giant warns customers to expect longer wait times for its new iPhone because of COVID-19 lockdowns at a major factory.
Huawei’s Meng Wanzhou vows closer partnership with China’s financial institutions to give green finance a push
The US sanctions-hit company aims to help financial institutions cut their emissions and come up with green-finance products Meng, who spent nearly three years detained in Canada on US fraud charges, …
China Exports Fall In October, First Decline Since 2020
China’s exports shrank in October, the first such decline since mid-2020, customs authorities said Monday, as a domestic slowdown and the threat of global recession hit international trade.
China Exports, Imports Unexpectedly Shrink in Oct amid COVID Disruptions
China’s trade balance was lower than expected in October, data showed on Monday, as COVID-linked disruptions and slowing global demand for Chinese goods saw both exports and imports contract. China’s …
The week in review: China sets sights on more capital market opening
This round-up focuses on pledges to boost China’s capital markets, new disputes with Canada and the possible end of US audits …
Apple: China’s COVID-19 restrictions impacting iPhone shipments
Tech giant Apple is warning potential customers that it is reducing shipments of its higher end iPhone 14 models due to COVID-19 restrictions at its Chinese production facility.
China’s exports, imports shrink as COVID-19 curbs, global slowdown jolt demand
BEIJING: China’s exports and imports unexpectedly contracted in October, the first simultaneous slump since May 2020, as surging inflation and rising interest rates hammered global demand while new …
Apple warns of hit to iPhone shipments from China due to COVID-19 disruption
Market research firm TrendForce said last week it has cut its iPhone shipments forecast for the December quarter by 2-3 million units, from 80 million previously, due to the troubles at the Zhengzhou …
China’s second-largest chipmaker poised for $2.5 billion IPO in Shanghai
Chinese chip manufacturer Hua Hong Semiconductor Ltd has received regulatory approval for an 18 billion yuan ($2.5 billion) IPO in Shanghai, according to a filing published late on Friday on the Hong …
Dollar rises as China defends stringent COVID policy, dampening risk sentiment
The dollar firmed on Monday as sentiment soured after China said it is sticking with its strict COVID restrictions, quashing hopes of an imminent reopening in the world’s second-largest economy which …
China’s trade unexpectedly shrinks as COVID curbs, global slowdown jolt demand
China’s exports and imports unexpectedly contracted in October, the first simultaneous slump since May 2020, as a perfect storm of COVID curbs at home and global recession risks dented demand and …
