Annual profits at China’s industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes of more policy support to bolster a …
Monthly Archives For June 2023
Boeing says about 90% of China 737 MAX jets have resumed commercial operations
BEIJING (Reuters) -About 90% of Boeing’s China 737 MAX jets have resumed commercial operation as of the end of June, the U.S. aircraft maker said on its official WeChat account on Wednesday. Some planes have…
Nvidia stock selloff presents a ‘buying opportunity,’ analysts say as they shrug off China fears
Nvidia and AMD shares were falling amid a report suggesting forthcoming additional China export restrictions, but analysts didn’t seem too concerned.
China Needs Stimulus and Clearer Rules, Former IMF Official Says
China needs to keep cutting rates, roll out more stimulus and clarify the role it wants the private sector to play in the economy to restore confidence and help growth, a former International Monetary …
Beautiful Rally, AI Chips to China, Bank Stress Tests, Fed, Defense Stocks
The U.S. is considering new restrictions on exports of AI capable chips to China, negatively affecting Nvidia and AMD.
Futures slip, central bankers, Nvidia hit by China curbs – what’s moving markets
Futures slip lower despite optimism over the U.S. economy as investors await commentary from central bankers. Oil prices push higher, while shares in Nvidia look set to lead declines in tech stocks …
Tesla China On Track To Hit Record Q2 Sales Even As Market Share Shrinks Amid Heated Rivalry: Analyst
Tesla, Inc. (NASDAQ:TSLA) is gearing up to report its global second-quarter deliveries this weekend. Pointers are toward a record performance, with the electric vehicle maker’s key China market likely …
China Blockchain Conflux Gets $18M From DWF Labs, CFX Drops 6%
Conflux token’s dour reaction is consistent with the prevailing investor disinterest in alternative cryptocurrencies.
Nvidia Slides On Report US Mulling Restrictions On AI Exports To China
Last year, both Nvidia and AMD were caught up in the U.S. government’s effort to restrict the sale of high-end components to China, including Nvidia’s A100 and H100 chips and AMD’s MI250 AI chips, as…
China’s Shandong begins releasing oil stranded at ports after inspections, sources say
China’s Shandong refining hub has begun releasing millions of barrels of oil that were stuck at ports after inspections curbed imports into the province, trading sources said following a meeting this …
Breaking News | Wuhan Researcher Makes Massive Claim On COVID-19 | Coronavirus A ‘Bioweapon’?
Breaking News | A Wuhan researcher has made a massive claim on COVID-19. The researcher has claimed in an interview that Coronavirus was a ‘bioweapon for China.’ This has reinforced the claims made by …
China’s AI firms might further lose chip access in new US ban
The U.S. is weighing additional restrictions on AI chip export to China amid rising concerns over the use of advanced semiconductors for military modernization. The Wall Street Journal reported …
US lawmakers urge end to decades-old science and tech agreement with Beijing to curb Chinese military advances
US lawmakers have called on Washington not to renew a four-decade-old science and technology cooperation agreement with China that they claim has likely developed knowledge threatening United States …
