Indebted Chinese property giant Vanke said Monday that its CEO had resigned due to “health reasons”, after state-backed media reported he had been taken away by authorities. Vanke has not confirmed …
Monthly Archives For January 2025
Nasdaq futures tumble as China’s AI push rattles Big Tech
Futures linked to the tech-heavy Nasdaq tumbled on Monday as the overwhelming popularity of an inexpensive Chinese artificial intelligence model sparked a selloff in AI-related shares, with megacap …
Global Tech Stocks Plunge as China’s DeepSeek Undercuts Rivals
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world …
China’s Faltering Economy and Investment: Beijing’s Challenge at Home
China’s tightening economic controls, lack of transparency, and foreign investment challenges could strain its global economic relationships and exacerbating tensions with the U.S. and its allies.
AI crypto market cap slips under $40B as China’s DeepSeek rattles investors
AI cryptocurrencies endured a bloodbath on Monday, plunging by double-digits on their daily charts as Bitcoin dropped below $100,000. The market capitalization of all AI tokens crashed by 13.7% in the …
Singapore’s DBS raises stake in China’s Shenzhen Rural Commercial Bank
DBS Group on Monday said it acquired an additional stake in Shenzhen Rural Commercial Bank for 1.60 billion yuan ($220.37 million), bringing its total stake in the Chinese lender to 19.40%.
China Vanke’s CEO, chairman resign amid growing liquidity worries
Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng had resigned, amid growing concerns over the company’s liquidity as it faces several debt maturity deadlines …
China c.bank conducts 1.7 trln yuan of outright reverse repos in Jan
China’s central bank said on Monday it conducted 1.7 trillion yuan of outright reverse repurchase agreements in January.
The CIA believes COVID most likely originated from a lab but has low confidence in its own finding
The CIA now believes the virus responsible for the COVID-19 pandemic most likely originated from a laboratory.
C.I.A. Now Favors Lab Leak Theory to Explain Covid’s Origins
A new analysis that began under the Biden administration is released by the C.I.A.’s new director, John Ratcliffe, who wants the agency to get “off the sidelines” in the debate.
China’s DeepSeek sets off AI market rout
Nasdaq futures slumped and technology shares slid in Japan on Monday as surging popularity of a Chinese discount artificial intelligence model wobbled investors’ faith in the profitability of AI and …
China Vanke bonds jump after plan to redeem early $138 million onshore notes
China Vanke’s bonds gained on Monday after the state-backed developer said it would redeem its 2027 notes worth 1 billion yuan ($137.68 million) early in March. Vanke’s announcement boosted investor …
China’s Economy Stumbles in Sign Rebound Hinges on More Stimulus
China’s economic activity unexpectedly faltered to start the year, breaking the momentum of a recovery sparked by stimulus measures and underlining the need for Beijing to do more to prevent another …
