Germany is in talks to limit the export of chemicals to China that are used to manufacture semiconductors as Berlin steps up efforts to reduce its economic exposure to the Asian nation.
Tagged By business
Bitcoin, Ether inch up; equities strengthen after phone call between China’s Xi Jinping, Ukraine’s Zelensky
Bitcoin and Ether rose during Asian trading hours on Thursday, while most top 10 non-stablecoin cryptocurrencies by market capitalization declined. Cardano’s ADA token saw the biggest gain.
China’s major industrial enterprises pick up growth momentum in March as demand rebounds
China’s major industrial firms saw growth of revenues and profits gain momentum in March thanks to the ongoing recovery of the domestic macro-economy driven by rising market demand. Revenues of …
Argentina will pay for Chinese imports in yuan instead of dollars to preserve its shrinking greenback reserves
Argentina wants to spend fewer dollars after a crippling drought slashed its agricultural exports, which cut the amount of greenbacks coming in.
Argentina to shift from dollar to renminbi for import settlement from China
Argentina will shift from the dollar to the renminbi for all settlements of imports from China starting from May, a move that will help Argentina strengthen its foreign exchange reserves and boost …
China’s industrial profits decline in Q1 but signs of recovery
BEIJING – China’s major industrial firms experienced a decline in profits during the first quarter of 2023, but signs of recovery emerged with demand on the mend, data from the National Bureau of …
Russia’s Oil Exports to India, China Take Longer Journeys, Raising Emissions Concerns
Russia’s oil exports to India and China have emerged as the country’s top export destinations, with shipments taking longer journeys since the Russia …
Hong Kong Crypto Exchange License Guidelines To Be Released In May
While Hong Kong’s ambition of becoming the world’s crypto hub is now backed by clear regulatory guidelines, the subject is a sore point among crypto exchange platforms operating in the United States.
Chinese Liquor Maker Sinks After Serving Up Hong Kong’s Biggest IPO in Months
Hong Kong’s biggest listing so far this year flopped in its trading debut, a troubling sign for a market that has been trying to recover from a long IPO slump.
Chinese spirit maker ZJLD slides 17% in Hong Kong debut, dimming IPO outlook
Chinese spirit maker ZJLD Group’s shares were down 17% on their first day of trading on Thursday, dampening hopes that a positive debut for the largest new share sale in Hong Kong in 2023 could…
Chinese spirit maker ZJLD’s IPO raises HK$4.5 Billion despite rocky start to trading
ZJLD Group, the holding company for four of Wu Xiangdong’s liquor brands, has raised around HK$4.5 billion in Hong Kong’s largest IPO of the year. Despite falling short of the hoped-for HK$5.5 billion …
Baijiu ‘godfather’ launches year’s largest IPO in Hong Kong
China’s “godfather of baijiu” launched Hong Kong’s largest IPO of the year on Thursday, with the holding company for four of his liquor brands raising around HK$4.5 billion despite a rocky start to …
China’s ZJLD Slumps in Debut After Biggest Hong Kong IPO of 2023
Shares of Chinese liquor company ZJLD Group Inc. tumbled on their debut in Hong Kong on Thursday following what was the Asian financial hub’s biggest initial public offering this year.
