Citigroup is winding down consumer businesses in certain parts of the world as part of an effort to simplify the giant bank.
Monthly Archives For October 2023
Investors warn Evergrande could face an ‘uncontrolled collapse’ that would be a disaster for China’s property sector
The troubled developer cancelled a $19 billion debt restructuring. Investors in its bonds say the move could ripple through the entire sector.
Hands off China! The country has become a hot potato for investors. Are they right to be afraid?
The Chinese stock market has not kept up with Western stock exchanges. Government measures have not yet been able to win back investor confidence. What should investors do?
Samsung and SK Hynix Get Indefinite Waiver to Import U.S. Tools to Chinese Fabs
Memory makers Samsung Electronics and SK Hynix have secured a continuous green light from the U.S. government to equip their Chinese plants with U.S. chipmaking equipment without …
Beijing urges Manila to end South China Sea ‘provocations’
The Permanent Court of Arbitration in 2016 said the line on China’s maps had no legal basis, which Beijing rejects. The atoll is known as Ayungin in the Philippines, while China calls it the Renai…
China Plans 50% Surge in Computing Power by 2025 to Lead AI Race
China has revealed its ambitious plans to significantly expand its computing power by over 50% within the next two years. This initiative aligns with China’s aspirations to dominate the global …
Chuck Schumer Criticizes China For Not Supporting Israel After Hamas Attack
U.S. Senate Majority Leader Schumer told Chinese President Xi Jinping that he was disappointed by China’s failure to strongly condemn the recent Hamas attack on Israel.
Xi-Schumer Meeting Raises Hopes of Smoother U.S.-China Relations
Mr. Xi said there were “1,000 reasons” to make the relationship work. Earlier, the Senate majority leader had criticized Beijing for its response to the attack by Hamas in Israel.
China’s e-commerce inroads are back in focus amid Alibaba’s “possible espionage” in Europe
Beijing’s aggressive industrial policy goals are back in focus as Belgium contends with alleged espionage activities arising from a logistic arm of Alibaba at an airport in Liège, Europe’s …
Kenya to seek US$1 billion from China for stalled railway, ‘more time’ to repay debts, deputy president says
President William Ruto is expected to meet China’s Xi Jinping during a trip to Beijing for the third Belt and Road Forum this month.
China’s Economic Slowdown Is Hurting Luxury Stocks
The Chinese market was expected to compensate for weakening demand elsewhere, particularly given the massive luxury market in China, according to JPMorgan. Given weaker-than-expected economic …
Schumer tells China’s Xi he’s ‘very disappointed’ Beijing has not condemned Hamas attack on Israel
Senate Majority Leader Chuck Schumer (D-N.Y.) told China’s leader, Xi Jinping, on Monday that he is “very disappointed” that Beijing has not condemned the Hamas attack on Israel in more definitive …
U.S. leans on China to use influence with Iran to cool Middle East tensions
U.S. Senate Majority Leader Chuck Schumer said Monday the congressional delegation to China asked Beijing to use its influence with Iran.
