Nvidia (NASDAQ:NVDA) does not sell its most powerful chips to customers in China due to restrictions by the U.S. government. However, Chinese regulators are pushing back and discouraging local companies from purchasing Nvidia’s chips that…
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Facebook Fight Shows Beijing Determined To Keep Chinese AI Out Of US
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Nvidia AI chips under pressure in China as regulators push back: report
S&P 500: China Stimulus And Strengthening U.S. Labor Market
The China stimulus and the strengthening US labor market likely delay a recession and a recessionary bear market. Read what investors need to knokw.
U.S. companies with the highest percentage of sales to China have outperformed this week
Some U.S. stocks are seeing a clear positive catalyst, with the S&P 500 ex-Tech stocks with the highest percentage sales to China averaging a strong 9.1% WTD.
China Urges Local Companies to Stay Away From Nvidia’s Chips
Beijing is stepping up pressure on Chinese companies to buy locally produced artificial intelligence chips instead of Nvidia Corp. products, part of the nation’s effort to expand its semiconductor industry and counter US sanctions. Chinese…
Blinken and China’s Wang meet on UN sidelines
U.S. Secretary of State Antony Blinken and Chinese Foreign Minister Wang Yi met on the sidelines of the U.N. General Assembly in New York on Friday, where Ukraine’s leader this week dismissed Beijing’s formula to…
Low demand, costly logistics, China’s deflation hurting India’s goods exports. Services may give cushion
India’s goods exports contracted by 9.3 percent to USD 34.71 billion in August, while the import bill rose by 3.3 percent to USD 64.36 billion, fuelled by a record surge in gold imports. Consequently,
India dominates global IPO race with over 220 deals in first eight months of 2024, reveals GlobalData
Investor sentiment towards IPOs continues to improve, buoyed by the strong aftermarket performance witnessed in 2023 …
Investigator reveals China tried to smuggle drones to Libya disguised as COVID aid
China attempted to send $1 billion worth of drones disguised as COVID-19 aid to a Libyan warlord through the assistance of corrupt U.N. officials, according to a Canadian government investigator.
Exclusive: Shanghai, Shenzhen to lift key home purchase curbs to boost market
Top Chinese cities Shanghai and Shenzhen are planning to lift key remaining restrictions on home purchases to attract potential buyers and shore up their flagging real estate markets, four sources …
China central bank lowers interest rates
China’s central bank on Friday lowered interest rates and injected liquidity into the banking system as Beijing assembled a last-ditch stimulus assault to pull economic growth back toward this year’s …
China, Brazil press on with Ukraine peace plan despite Zelenskiy’s ire
China and Brazil on Friday pressed ahead with an effort to gather developing countries behind a plan to end Russia’s war in Ukraine, despite Ukrainian President Volodymyr Zelenskiy’s dismissal of the initiative as serving Moscow’s…
Trump wants higher tariffs on imports. How they work who will actually pay for it
Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States.
Betrimex signed Memorandum of Understanding to export coconuts from Vietnam to China
This proactive move by Betrimex comes just over a month after the Vietnamese Ministry of Agriculture and Rural Development and the General Administration of Customs of China signed three protocols on …
