Chinese tech stocks plunged for a third day as investor fears mounted over a broadening regulatory crackdown, with shares of Tencent falling the most in a decade after the internet group halted …
Tagged By beijing
Apple’s China Revenue Rises 58%
Apple’s sales in China rose 58% to $14.76 billion compared with the April-to-June period a year earlier, when the pandemic depressed sales. The latest June quarter was down slightly from the …
Starbucks earnings beat, fueled by strong U.S. cold beverage sales, but its shares drop on weak China outlook
Starbucks topped Wall Street’s estimates for its fiscal third-quarter earnings and revenue. The company also raised its forecast for fiscal 2021 earnings per share, despite also predicting slowing …
Foreign journalists harassed covering China floods, correspondents’ club says
Journalists from several media outlets covering recent floods in China were harassed online and by local residents, with staff from the BBC and Los Angeles Times receiving death threats, according to …
Why The U.S. Wants China To Stop Importing Iranian Crude
In an attempt to increase pressure on Iran in order to push through a nuclear deal with Iran, the U.S. is considering cracking down on Iranian oil exports to China …
U.S., China and Digital Channel Boost Moncler Profits, Sales in First Half
Moncler, which consolidated the Stone Island business in April, returned in the black in the first half of the year.
Wall Street’s IPO Fee Machine Under Threat Post-China Clampdown
China’s regulatory crackdown threatens to reverse a surge in underwriting fees for U.S. investment banks like Goldman Sachs Group Inc., Bank of America Corp. and Morgan Stanley.
Chinese EV makers plunge as investors watch Beijing’s regulatory squeeze tighten across industries
China’s increased scrutiny on certain businesses began late 2020 following the abrupt cancellation of Ant Group’s IPO. A clampdown … hard in recent days. Beijing’s crackdowns on its technology …
Beijing Crackdown Breathes New Life Into ‘America First’ Trade
There’s been a growing sense in some Wall Street circles that the “America First” trade was just about played out in the stock market. After all, U.S. equities had become markedly more expensive than …
International investor concerns mount over China’s tech rout
International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China’s top tech stocks and began to seep into currency and debt markets.
China to Revise Population Law to Reverse Birthrate Decline
Lawmakers plan to clear remaining legal barriers to encourage couples to have more children, as the country faces another year of fewer births.
China and Afghanistan top agenda as United States’ Antony Blinken begins India visit
Both sides will discuss the security situation in Afghanistan, where the Islamist Taliban is expanding the territory it controls in the wake of a US troop withdrawal.
Hong Kong tourism sector pleads with government to reopen border with mainland China
Trade union says government should at least keep open Hong Kong’s community Covid-19 vaccination centres, where jobless travel staff are working part-time.
