China says its economy will soon be back on track after three years of Covid Zero. But the shadow of the disruptive policy still lingers over its manufacturing heartland, casting doubt over the pace …
BUSINESS
Top Business Headlines: Crypto Boom, China Sanctions, Nestle Price Hikes
TheStreet’s J.D. Durkin shares today’s major market stories including details on the recent crypto surge, China’s sanctions on U.S. defense manufacturers, and Nestle’s price hikes.
China sanctions American defense contractors for supplying arms to Taiwan
China announced Thursday it would levy sanctions on American defense contractors Lockheed Martin and a Raytheon subsidiary for supplying weapons to Taiwan. The move comes shortly after the United …
Exclusive: SoftBank’s Arm China profit drops over 90% in 2022 -document
Future of Moneycategory Exclusive: Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao, article with gallery One of the sources said the drop in Arm China’s profit …
Ukraine debacle leaves Russia facing future as China’s vassal
China is now poised to supplant the European Union as Russia’s primary economic partner. China is importing Russian hydrocarbons at reduced prices and capturing Russia’s market for strategic …
China sanctions Lockheed Martin, Raytheon Missiles and Defense
The Chinese government will sanction Lockheed Martin and the Missile and Defense subsidiary of Raytheon, adding them to the government’s “unreliable entities” list, the Ministry of Commerce said in a …
February Unleashes Flood of Pint-Sized Chinese IPO Applications
A dozen smaller Chinese companies have filed prospectuses for U.S. IPOs this month, ending a yearlong pause following the resolution of several regulatory issues The largest new application comes from …
Bloomberg: US concerned over China, Iran helping Russia import foreign chips
G7 member states are discussing whether to sanction companies in China, Iran, and North Korea that are providing Russia with parts and technology that have military purposes, …
Sony exec says chip unit will see ‘tiny’ impact from Chinese export curbs
Sony Semiconductor Solutions Chief Executive Terushi Shimizu told Reuters that shipments related to Sony’s ( SONY) camera products would “only be a tiny bit” impacted by the U.S. export controls, with …
Low demand for goods from China, Saudi Arabia, others sink India’s imports
A decline in demand from countries such as China, Saudi Arabia, Iraq, South Korea, Australia, and Singapore resulted in India’s imports hitting a 17-month low of $50.6 billion in January, showed the …
China imposes sanctions on Lockheed Martin and Raytheon over sales to Taiwan
China has imposed trade and investment sanctions on U.S. military contractors Lockheed Martin and Raytheon for supplying weapons to Taiwan, stepping up efforts to isolate the island democracy claimed …
China Remains Germany’s Biggest Trade Partner In 2022
China was Germany’s biggest trading partner in 2022 for the seventh year in a row, figures published Thursday showed, as policymakers worry about economic over-reliance on Beijing.
Joe Biden’s China problem just got a whole lot worse
Such an attempt to spin recent events would further inflame those who are already concerned about President Biden’s entanglements with China, and who suspect the president is compromised by his family …