Ant Group, the fintech affiliated with Alibaba Group Holding (NYSE: BABA), is reportedly weighing a significant move to list its international arm.
BUSINESS
Whales boost XRP exposure by 1.2% as Fed decision and US-China talks loom
XRP holds key support at $2.10 as whales accumulate more tokens and global markets brace for the Fed’s interest rate decision and US-China trade talks.
China Halts Imports of US Oil in Negative Sign for Shale Drillers
China halted purchases of US crude in March as trade tensions between the two countries ramped up, casting a shadow over demand for oil produced from American shale formations.
Trump’s trade demands go beyond tariffs to target perceived unfair practices
Yet President Donald Trump’s definition of trade barriers includes a slew of issues well beyond the tariffs other countries impose on the U.S., including some areas not normally associated with trade disputes.
Tesla’s China-made EV sales fall 6% y/y in April as woes deepen
Tesla’s China-made electric vehicle sales fell 6% in April from a year earlier, extending declines for a seventh month, as the U.S. automaker grapples with intense competition from its Chinese rivals …
AMD forecasts US$1.5 billion revenue hit from US curbs on China chip exports
Advanced Micro Devices on Tuesday (May 6) forecast a US$1.5 billion hit to revenue this year due to new US curbs on chips, which require the company to obtain a licence to ship advanced …
Rocky Brands Could Be A Trade War Winner
Rocky Brands has a unique global supply chain to produce shoes/boots. Click here to read more about RCKY stock and why it is a Buy.
BMW earnings drop on China slump as tariffs cloud outlook
BMW AG’s earnings plunged 23% in the first quarter as intense competition in China pushed sales in its biggest single market to a five-year low. Earnings before interest and tax came in at €3.14 …
Ahead of Hong Kong IPO, China drug maker Hengrui touts partnership with US giant Merck
Jiangsu Hengrui Pharmaceuticals, a leading Chinese developer of novel drugs that recently received approval to go public in Hong Kong, is likely to see an acceleration in growth as its research and …
China Cuts Interest Rates to Shore Up Economy Hit by Trade War
China’s central bank acted shortly after news that officials from China and the Trump administration will hold their first formal trade talks since the punishing tariffs began.
Bitcoin Rises as US-China Trade Talks Spark Bullish Crypto Bets
Bitcoin rose alongside Asian stocks and a strengthening dollar after news that the US and China plan to hold trade talks.
“Eat like a bird but poop like a cow” – China expert on FX carry trade
Attorney General Pam Bondi details a DEA operation where 11.5 kilos of fentanyl, including approximately 3 million pills, were seized. For months, President Trump has taunted Canada by claiming it …
Trump’s team is finally meeting with China. The future of the global economy is riding on its success
Trump’s top trade officials will meet in Switzerland this week with China to discuss a de-escalation. The future of the global economy is riding on their success.
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