China is accused of trying to send $1 billion worth of drones to Libyan warlord Khalifa Haftar, disguised as Covid-19 aid, with help from corrupt UN officials. Canadian investigators uncovered a …
Monthly Archives For September 2024
After China meeting, Blinken says Beijing’s talk of Ukraine peace ‘doesn’t add up’
U.S. Secretary of State Antony Blinken underscored strong U.S. concerns about China’s support for Russia’s defense industrial base in talks with Chinese Foreign Minister Wang Yi on Friday and said …
Chinese courier delivery firm BingEx eyes $1.21 billion valuation in US IPO
Chinese courier delivery firm BingEx is aiming for a valuation of $1.21 billion in its U.S. listing, banking on recovering investor appetite for new stocks and easing of regulatory roadblocks. The …
China urges local companies to stay away from Nvidia AI chips, according to reports
CNBC’s Seema Mody joins ‘Closing Bell: Overtime’ to discuss the latest reports from China against Nvidia. Posted: September 27, 2024 | Last updated: September 27, 2024
Nvidia AI chips under pressure in China as regulators push back: report
Nvidia (NASDAQ:NVDA) does not sell its most powerful chips to customers in China due to restrictions by the U.S. government. However, Chinese regulators are pushing back and discouraging local companies from purchasing Nvidia’s chips that…
S&P 500: China Stimulus And Strengthening U.S. Labor Market
The China stimulus and the strengthening US labor market likely delay a recession and a recessionary bear market. Read what investors need to knokw.
U.S. companies with the highest percentage of sales to China have outperformed this week
Some U.S. stocks are seeing a clear positive catalyst, with the S&P 500 ex-Tech stocks with the highest percentage sales to China averaging a strong 9.1% WTD.
China Urges Local Companies to Stay Away From Nvidia’s Chips
Beijing is stepping up pressure on Chinese companies to buy locally produced artificial intelligence chips instead of Nvidia Corp. products, part of the nation’s effort to expand its semiconductor industry and counter US sanctions. Chinese…
Blinken and China’s Wang meet on UN sidelines
U.S. Secretary of State Antony Blinken and Chinese Foreign Minister Wang Yi met on the sidelines of the U.N. General Assembly in New York on Friday, where Ukraine’s leader this week dismissed Beijing’s formula to…
Low demand, costly logistics, China’s deflation hurting India’s goods exports. Services may give cushion
India’s goods exports contracted by 9.3 percent to USD 34.71 billion in August, while the import bill rose by 3.3 percent to USD 64.36 billion, fuelled by a record surge in gold imports. Consequently,
India dominates global IPO race with over 220 deals in first eight months of 2024, reveals GlobalData
Investor sentiment towards IPOs continues to improve, buoyed by the strong aftermarket performance witnessed in 2023 …
Investigator reveals China tried to smuggle drones to Libya disguised as COVID aid
China attempted to send $1 billion worth of drones disguised as COVID-19 aid to a Libyan warlord through the assistance of corrupt U.N. officials, according to a Canadian government investigator.
Exclusive: Shanghai, Shenzhen to lift key home purchase curbs to boost market
Top Chinese cities Shanghai and Shenzhen are planning to lift key remaining restrictions on home purchases to attract potential buyers and shore up their flagging real estate markets, four sources …
