Mumbai: A 28-year-old businessman lost more than Rs 2 crore, including the amount he had received from a foreign investor, to hackers from China and Dubai. The cyber cops have managed to freeze 50% of…
BUSINESS
US Senate Majority Leader Schumer criticizes China for not supporting Israel
U.S. Senate Majority Leader Schumer says he is grateful for a stronger statement from China condemning the deadly Hamas attack on Israel issued during his visit to Beijing that included a lengthy meet
Ag Markets See Risk Off Selling with Israel Attacks, Harvest Pressure and Report Positioning: Wheat Higher on China Export Talk
Wheat holds gains on talk of China export buys. Randy Martinson, Martinson Ag has more. The attack on Israel by Hamas adds urgency to GOP efforts to elect a new House speaker. The need to…
Biden Administration Greenlights Samsung and SK Hynix’s Expansion in China Despite Prevailing Restrictions
The Biden administration has granted Samsung Electronics Co (OTC: SSNLF) and SK Hynix Inc, the world’s two largest memory makers, permission to acquire the equipment essential for maintaining and …
Citi sells China wealth business as part of international consumer retreat
Citigroup is winding down consumer businesses in certain parts of the world as part of an effort to simplify the giant bank.
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 …
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 …
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 …
U.S., China Both Try to Gain Upper Hand Ahead of Biden-Xi Summit
Washington is expected to roll out updated tech controls, while Xi Jinping is expected to mark closeness with Vietnam on the heels of Biden visit there.
Crypto Market Insights: Bank Of International Settlements Work With Asian Central Banks Through Projects Mariana And Mandala
BIS announced Projects Mariana and Mandala with Asian central banks. UBS launched its tokenized VCC fund in Singapore. HKEX builds smart contract settlement platform.
(LEAD) U.S. eases export controls on chip equipment for Samsung, SK factories in China
The United States has decided to allow exports of its semiconductor manufacturing equipment to Samsung Electronics and SK hynix factories in China without a separate approval process, the presidential …