(Bloomberg) — SAIC Motor Corp.’s harsh treatment by European Union negotiators is becoming a cautionary tale of Chinese companies being ill-equipped to operate in Western business and political domains. Most Read from Bloomberg Sydney Central…
BUSINESS
After battle with yuan bears, China is now keen to avoid sharp currency gains
China’s currency regulator, the State Administration of Foreign … Chinese banks have also been given new gold import quotas by the central bank, Reuters reported. Gold imports are usually curtailed …
‘Turn the dial up’: Kevin O’Leary calls for bringing the heat against China to ‘blowtorch temperature’
“This is basically a fight with China to get to a level playing field in trade,” he told FOX Business’ Stuart Varney on Monday, as he addressed former President Donald Trump’s proposal to impose …
‘New Oil And Gold’—Crypto Is Suddenly Braced For The ‘Most Important’ Week After A Federal Reserve-Powered Bitcoin Price Surge
Bitcoin Bitcoin has rocketed higher this week after Federal Reserve chair Jerome Powell dramatically announced the “time has come” for interest rate cuts (though some are more focused on a China bazooka). Subscribe now to…
China imports record-high $26 billion of semiconductor equipment to make chips in 2024 so far
In a new report from Bloomberg, we’re finding out that Chinese imports of semiconductor equipment hit a new … ASML is based in the Netherlands, and wouldn’t you know, shipments from ASML to China …
China opposes US sanctions on firms over alleged ties to Russia’s war efforts
China has expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia’s war in Ukraine, saying it would adopt necessary measures to safeguard the rights and interests of…
Club Med owner bets on winter sports in China as skiing craze creates ‘severe shortage’
An asset-light strategy refers to a business model under which a company has only a small amount of fixed assets on its balance sheet. Club Med now operates three all-inclusive winter resorts in China …
Is China’s Demand for Oil Nearing Its Peak?
A contributing factor to the expectation of peak oil demand is the replacement of diesel with liquefied natural gas as fuel in trucks. With LNG getting cheaper and burning more cleanly than diesel, industrial machinery…
China’s tightening rules put foreign high-frequency futures traders in limbo
HIGH-FREQUENCY futures traders in China have seen the viability of algorithmic strategies come under pressure as costs have ballooned. Read more at The Business Times.
Amid tensions, Philippines demands China to halt actions in South China Sea
China claims sovereignty over almost all of the South China Sea, and has a number of coastguard vessels in the waters to protect what it considers its territory. The Philippines, Taiwan, Malaysia, Indonesia, Vietnam and…
China’s rare earth exports surge despite price drop
China’s rare earth exports have surged despite a slump in prices, contributing to a global market imbalance. In the first seven months of 2024, exports of rare earths from China, the world’s dominant …
Sunny Lights Up the Tron Blockchain with a Booming Launch
Sunny is a pioneering meme coin on the Tron blockchain, designed to bring excitement and innovation to the DeFi landscape. Tokenizing the smiling sun emoji, Sunny aims to offer unique utilities and opportunities, leveraging the…
Story raises $80M at $2.25B valuation to build a blockchain for the business of content IP in the age of AI
AI giants like Anthropic, OpenAI and Stability AI have faced a lot of heat over how they’ve scraped data and rode rough-shod over others’ intellectual
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