Ostin Technology, a low-key technology company, made an electrifying debut as the first Chinese stock offering in the US since February, underlining strong appetite even as regulatory officials …
Tagged By business
How This Female Billionaire Managed To Sail Through China’s Property Slump – For Now
Wu Yajun, chairperson of real estate developer Longfor, now has a wealth of $15.2 billion. Compared with the 40% drop in net worth from 2021 levels suffered by Country Garden’s Yang Huiyan, 70% by …
Myanmar relaxes currency conversion order for traders at China, Thailand borders
The Central Bank of Myanmar (CBM) has extended the time span of compulsorily converting foreign currencies into kyats for exporters trading at the borders with China and Thailand.
China to cut coal import tariffs to zero from May 1
China will cut import tariffs for all types of coal to zero from May 1, 2022, until March 31, 2023, the Ministry of Finance said in a statement on Thursday.
Becoming a Dormant Business in China amid Difficulties: What You Need to Know
We discuss how businesses can apply for dormant company status in China, with information on applicability and legal consequences, besides a comparison with other commercial jurisdictions like the UK, …
Vanguard China Tie-up With Ant Has Bigger-Than-Forecast Loss
When Vanguard Group Inc. made a surprise retreat from China last year, the U.S. investing giant pinned its remaining hopes on a robo-advisory joint venture with billionaire Jack Ma’s Ant Group Co. The …
Emotional To Economic: The Costs Of China’s Zero-Covid Policy Summed Up
Many factories have been forced to shut at a time when businesses are already scrambling to keep up with soaring costs of everything from labour to raw materials.
China, supply chain issues hurt Beiersdorf adhesives unit’s outlook
Beiersdorf , the maker of Nivea skin care products and Tesa glue, cut the forecast for full-year sales at its adhesives unit on Thursday due to extensive lockdowns in China and ongoing supply chain …
China’s Full Truck Alliance pauses $1 billion Hong Kong listing – sources
Plans by Full Truck Alliance Co Ltd, China’s ‘Uber for trucks’, to raise $1 billion in a Hong Kong listing this year have been paused as a Chinese cybersecurity regulator has yet to announce findings…
COLUMN-Europe draws more LNG from Asia as China imports slump: Russell
Europe is attracting a greater share of liquefied natural gas (LNG) cargoes, taking volumes from top-importing Asia, amid ongoing concern about the security of pipeline supplies from Russia. While …
Chinese tech firm’s 890 per cent debut on Nasdaq underlines appetite for Chinese IPOs amid efforts to defuse audit, delisting tensions
Ostin Technology, a maker of display modules, gained 892 per cent to US$39.66 on Nasdaq, raising US$13.5 million Despite the auspicious debut and positive signs in the discussions between the US and …
China lockdowns cost U.S. firms
Companies from Microsoft to Texas Instruments that long benefited from supply chains that run through China are now paying a price for the country’s sweeping lockdowns that have confined millions to …
Europe draws more LNG from Asia as China imports slump: Russell
While it’s not much of a shock that Europe is seeking to maximize LNG imports, what is perhaps surprising is that the country taking substantially less LNG than usual is China, …
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